Car Loan Ambajogai

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Car Loan Ambajogai

Best Banks for Car Loan in Ambajogai


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Car Loan Ambajogai Features

Loan Approval in 30 Minutes
Lowest Rate of Interest
Up to 100% on Road Loan
Minimum Documentation
Paperless Process
Flexible Repayment
Zero Foreclosure
24 x 7 Online Payment Facility
No Hidden Charges

Being a resident of a leading city like Ambajogai, having your own car must be on your wishlist. But if you don’t want it to become a burden on your finances, or you are confused about which bank is the right bank for a car loan for you, you have come to the right place! Dialabank is here to assist you to compare and get car loans with great efficiency.

Car Loan Ambajogai

Bank Processing Fee
Prepayment Charges
HDFC Bank Car Loan (1999 - 4999) + Tax
2%, Nil foreclosure charges after 24 months
Axis Bank Car Loan 1 % to 2.50% Nil
ICICI Bank Car Loan 0.25% to 1.50%
2%, Nil foreclosure charges after 36 months
SBI Car Loan 500/- to 0.50% Nil
Kotak Car Loan 1% to 2%
2.25% of fore closure amount if closed 1 month ahead of the tenure.
IIFL Car Loan Nil Nil
Muthoot Car Loan Nil Nil
Manappauram Car Loan Nil Nil
PNB Car Loan 0.70% to 1% Nil
Canara Bank Car Loan 0.01 Nil
Andhra Bank Car Loan Nil Nil


To check Car Loan Interest Rate for all major banks you can visit: Car Loan Interest Rates

Car Loan Ambajogai Eligibility Criteria

The car loan eligibility requirements are as follows in Ambajogai:

Salaried Individual
Age – 21 years to 60 years
Net Monthly Income – Minimum ₹ 20,000
Employment Duration – 1-year minimum
Income Eligibility – Based on Form 16 and salary slip
Self-Employed Individuals
Age – 21-65 years of age
Minimum ITR – Rs.2 lakh
Employment Duration – Minimum 3 years
Income Eligibility – Depends on the latest Income Tax Returns
Self-Employed Non-Individuals (Company/Partnership)
Minimum ITR – Rs. 2 lakh
Employment Duration – 3 years minimum
The applicant has to present IT returns and audited financials of 2 years with Calculated Income.
Priority Customers
At least 6-month vintage
Average Quarterly Balance – 2 quarters balance at a minimum of Rs.1 lakh
Maximum Loan Amount – 3 times the Average Quarterly Balance of the last 2 Quarters


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Car Loan Ambajogai EMI Calculator

Car Loan Ambajogai Fees & Charges

Charges New Car Loan Used Car Loan
Interest Rate

7.35% per annum

11.80% p.a. to 13.80% p.a.
Car loan Processing fees 0.5% 0.5%
Issuance of Duplicate Repayment Schedule Charges Around Rs.500 Around Rs.500
Foreclosure Charges 0.06 0.06
Penal Interest 2% PM 2% PM
Car loan Part Payment charges 6% of the amount 6% of the amount
Cheque/Instrument Swap Charge Around Rs.500 Around Rs.500
Documentation Charge Around Rs. 500 Around Rs. 500
Issuance of Duplicate No Dues Certificate Charges Around Rs. 500 Around Rs. 500
Registration Certification Collection Charge Around Rs. 200 Around Rs. 200
Cheque Bounce/Instrument Return Charges Around Rs. 500 Around Rs. 500
Issuance of Duplicate Statement Charges Around Rs. 500 Around Rs. 500
Loan Cancellation/Re-booking Charges Around Rs. 1000 Around Rs. 1000
Issuance of Credit Report Around Rs. 50 Around Rs. 50


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Car Loan Ambajogai Fees and Charges : Leading Banks – May 27 2022

Bank Processing Fee
Prepayment Charges
HDFC Bank Car Loan (1999 - 4999) + Tax
2%, Nil foreclosure charges after 24 months
Axis Bank Car Loan 1 % to 2.50% Nil
ICICI Bank Car Loan 0.25% to 1.50%
2%, Nil foreclosure charges after 36 months
SBI Car Loan 500/- to 0.50% Nil
Kotak Car Loan 1% to 2%
2.25% of fore closure amount if closed 1 month ahead of the tenure.
IIFL Car Loan Nil Nil
Muthoot Car Loan Nil Nil
Manappauram Car Loan Nil Nil
PNB Car Loan 0.70% to 1% Nil
Canara Bank Car Loan 0.01 Nil
Andhra Bank Car Loan Nil Nil


To check Car Loan Interest Rate for all major banks you can visit: Car Loan Interest Rates


car loan

Car Loan Ambajogai Documents Required

The essential documents required to get a car loan approved in Ambajogai are as follows:

Salaried Individual

Category
Documents Required
Identity Proof (Any 1) Passport
Voter ID
Aadhar Card
Driving License
Address Proof (Any 1) Aadhar Card
PAN
Driving License
Electricity Bill
Date of Birth Proof(Any 1)
Passport
Birth Certificate
High School Marksheet
Driving Licence
Signature Proof(Any 1)
PAN
Bankers Verification
Passport
Income Proof
Salary Slip and latest Form No.16
Bank Statement
Last 6 month Bank statement
Employment Continuity Proof
Job card by NREGA
ITR of Form no. 16
Salary Slip mentioned with joining date
Letter of Appointment

 

Self-Employed Individuals

Category
Documents Required
Identity Proof (Any 1) PAN Card
Passport
Voter ID
Aadhar Card
Address Proof (Any 1) PAN Card
Voter ID
Passport
Electricity Bill
Date of Birth Proof (Any 1) Birth Certificate
Passport
Driving Licence
PAN
Signature Proof (Any 1)
PAN
Bankers Verification
Passport
Bank Statement
Bank statement of last 6 months
Employment Continuity Proof
Latest ITRs
Shop & Establishment Act Certificate
Shop & Establishment Act Certificate
Sales Tax or VAT Certificate
Business Proof
Registration Certificate
Telephone Bill/Electricity Bill
Shop & Establishment Act Certificate
SSI or MSME Registration Certificate

 

Self-Employed Non-Individuals:

1. Partnership Firms/Societies

Category
Documents Required
Identity Proof (Any 1) Driving Licence
PAN Card
Aadhar Card
Passport
Address Proof (Any 1)
Electricity Bill/Telephone Bill
Aadhar Card
Driving License
Voter ID
Income Proof
Audited Balance Sheet
P&L Account
ITR for the previous 2 years
Bank Statement Last 6 month
Business Continuity Proof
Company ITR of the last 2 years
Audited Balance Sheet
TAX registration Certificate
Current Account Statement
Additional documents
Letter of Authority or PAN Card

 

2. Private Limited/Limited Companies

Category
Documents Required
Identity Proof
The latest copy of MOA and AOA
Copy of Incorporation
Address Proof (Any 1)
SSI/MSME Registration Certificate
Telephone Bill
Electricity Bill
Shop & Establishment Act Certificate
Sales Tax Certificate
Income Proof
Audited Balance Sheet
P&L Account and ITR for the previous 2 years
Bank Statement Previous 6 Months
Business Continuity Proof
P&L account and
ITR of the Company of the past 2 years
Audited Balance Sheet
Shop & Establishment Act Certificate
Additional documents
List of Shareholding partners and Directors
Board Resolution
PAN Card
Certificate of Commencement of Business for Ltd. Co.


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How to Get the Best Car Loan Interest Rates in Ambajogai

A number of different lenders offer car loans at varying interest rates in Ambajogai, but all of them are comparatively reasonable. Follow the steps stated below to get the lowest car loan interest rates in Ambajogai.

  • Choose a shorter repayment term – The borrowers are often under a false assumption that lengthier repayment tenures are better because the monthly EMI’s on them is comparatively lower. Lenders view long repayment tenures as an indication of the borrower’s low repayment capabilities and end up charging a higher interest rate from them. Consider a short repayments period, if you want to save some money on your car loan.
  • Research and compare the perks offered by different lenders –  The borrowers must first explore and compare all the plans and benefits offered by different lenders, before applying for a car loan. This can help them figure out which lenders have the best interest rates and, which plan suits them the best.
  • Maintain a low debt-to-income ratio – If a major part of your monthly income isn’t already going towards paying off a previous loan, your chances of bagging a new loan increase drastically.
  • Maintain a good credit score — Lenders will be pleased to offer you a car loan with cheaper interest rates if you have a credit score between 750 to 900, as it shows you have done timely repayments of your previous loans.

How to Apply for a Car Loan in Ambajogai?

Getting a car loan in Ambajogai is an easy process with Dialabank. Just follow some steps to avail the best offers conveniently!

  • Visit our website Dialabank and click on the car loan option available in the auto loan option on our homepage.
  • Fill in the details along with your phone number and in a few minutes, you will get email threads from the willing lenders.
  • Our relationship manager will soon get in touch with you on your provided number and guide you further.

Which Bank in Ambagojai Offers the Best Car Loans?

A number of big banks and NBFCs, including HDFC, ICICI, and SBI, offer vehicle loans in Ambagojai. Borrowers should always compare vehicle loans from all the lenders before applying for the one that meets all of their specific needs.

Car Loan for Major Car Manufacturers in Ambagojai

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Processing Fees & Prepayment Charges on Car Loan Ambajogai

Category Details
Processing Charges
1999 - 4999 + Tax
Prepayment
No prepayment is allowed until 12 EMIs are paid
Preclosure
No foreclosure is allowed until 12 EMIs are paid
Prepayment Charges
13-24 months: 2% of loan principal outstanding
>36 months: Nil Charges
Stamp Duty
As per state laws
Cheque Bounce Chgs
₹ 550/chq + GST
Floating Rate of Interest Not Applicable
Overdue EMI Interest
2% p.m.(on overdue amount)
Amortisation Schedule Chgs Rs 200 + GST


car loan

CIBIL Score Required for Car Loan in Ambajogai

The CIBIL score is a numeric value that defines your ability to pay off your credit and is dependent on your repayment history. A high Credit score means good credit history and makes your car loan application process smooth and easy to process. A lower score may discourage banks from sanctioning you an approval.

For more information, visit CIBIL score Dialabank.


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Car Loan Ambajogai Contact Number

If you still have queries about Car Loan Ambajogai, we are available for you on the number 9878981166 with the best guidance.


car loan

Pre Calculated EMI Table for Car Loan Ambajogai

Rate 5 Yrs 4 Yrs 3 Yrs
10.50% 2149 2560 3250
11.00% 2174 2584 3273
11.50% 2199 2608 3297
12.00% 2224 2633 3321
12.50% 2249 2658 3345
13.00% 2275 2682 3369
13.50% 2300 2707 3393
14.00% 2326 2732 3417
14.50% 2352 2757 3442
15.00% 2378 2783 3466


car loan

About Ambajogai

Ambajogai, earlier known as Mominabad, is located in the state of Maharashtra. Top attractions include Shri Yogeshwari Devi Devasthan, the Kholeshwar Temple, the Kashi Vishweshar temple etc. Its population is around 75000.


car loan

Car Loan Banks in Ambajogai

BANK OF BARODA MUNICIPAL COUNCIL LIBRARY BLDG.,COLLEGE ROAD, OPP MOHAN TALKIES, AMBEJOGAI, MAHARASHTRA – 431 517 BARB0AMBBHI
HDFC BANK SAHAKAR BHAVAN, SAWARKAR CHOWK, PRASHANT NAGAR, AMBAJOGAI, TQ. AMBAJOGAI DIST.BEED 431517 HDFC0CAPCBL
HDFC BANK PRASHANT NAGAR AMBAJOGAI DIST BEED HDFC0CDNSBA
HDFC BANK PRASHANT NAGAR AMBAJOGAI HDFC0CVMNSB
IDBI BANK IDBI BANK LTD,RAKH COMPLEX,MEDICAL COLLAGE ROAD,NEAR SESSION COURT,AMBEJOGAI IBKL0001451
ICICI BANK LIMITED ICICI BANK LTD., H. NO. 9423, HOTEL PAWAN EXECUTIVE, BEHIND S. T STAND, PRASHANT NAGAR, AMBEJOGAI – 431517, DIST. BID, MAHARASHTRA ICIC0002192
ICICI BANK LIMITED AMBAJOGAI DEENDAYAL BHAVAN PRASHANT NAGAR AMBAJOGAI 431517 DIST BEED ICIC00DDNSB
JANATA SAHAKARI BANK LIMITED 6434, GURWAR PETH, DIST. – BEED. AMBAJOGAI – 413517, E-MAIL AMBAJOGAIJANATABANKPUNE.COM JSBP0000019
BANK OF MAHARASHTRA 8-2881,JANMANGAL,MONDHA,AMBEJOAGI.431517 MAHB0000037
BANK OF MAHARASHTRA YOGESHWARI COLLEGE PARLI ROAD, AMBAJOGAI MAHB0001377
Maharashtra Gramin Bank AT AMBAJOGAI TQ AMBAJOGAI DIST BEED MAHG0004547
STATE BANK OF INDIA DISTBEED MAHARASHTRA 431517 SBIN0003403
AXIS BANK DEENDAYAL BHAVAN, NEAR BUS DEPOT, PARLI ROAD, AMBAJOGAI 431517 UTIB0SDNSB1

FAQ’s About Car Loan Ambagojai

✅ Is a car loan interest rate negotiable?

The car loan interest rate is negotiable depending on your FICO rating, record, and past relationship with the lender you usually work with.

✅ What car loan tenures are usually there?

Most banks offer loans with tenures from a year to 7 years, depending on the loan amount and the client’s repayment capacities.

✅ Is a guarantor obligatory for a car loan?

A guarantor is required just on the off chance that you can’t meet at least one of the qualification measures indicated by the Bank or NBFC.