Car Loan Ambelim

I have read the Privacy Policy & Agree to Terms & Conditions and authorize Dialabank & its partner institutions to Call or SMS me with reference to my application.

Buy your dream Car

Rates as low as 7.05%*
Up to 100% Funding
Doorstep Service
Hassle-free Disbursal
Unbiased Experts Advice

Car Loan Ambelim

Best Banks for Car Loan in Ambelim


car loan

Car Loan Ambelim 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

Have a dream car in mind but lack the funds? Want to own a personal vehicle that can fulfill your needs? Apply for a car loan and buy the four-wheeled drive you always wanted to. A car loan or auto loan is a type of secured loan that a person can avail to buy a new or a used car. The collateral security, in this case, is the vehicle a person wants to buy and is taking a loan for.

Car Loan Ambelim

Car Loan Ambelim Eligibility Criteria

The car loan eligibility requirements are as follows in Ambelim:

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


car loan

Car Loan Ambelim EMI Calculator

Car Loan Ambelim 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


car loan

Car Loan Ambelim 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 Ambelim Documents Required

The essential documents required to get a car loan approved in Ambelim 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.


car loan

How to Get the Best Car Loan Interest Rates in Ambelim

  • Choose a shorter repayment term – The borrowers are often under a false impression that long termed loans are better because the monthly EMI’s on them is comparatively lower. But, lenders view long repayment tenures as an indication of the borrower’s low repayment capabilities and end up charging a higher rate of interest 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 –  Borrowers must compare all the plans and benefits offered by different banks and NBFC’s, 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 income isn’t already going towards paying off an older loan, your chances of bagging a new loan increases exponentially.
  • 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 ranging between 750-900; because it shows that you have done timely repayments of your older loans.

How to Apply for a Car Loan in Ambelim?

Applying for a car loan is an easy and hassle-free process. Online Car Loan helps you to finance your car in just simple steps.

  1. Visit our website Dialabank.
  2. Click Auto Loans followed by Car Loans on the homepage and fill in the necessary details
  3. You are required to submit the necessary documents to check your eligibility criteria in order to approve a loan
  4. Give your current contact number so that our executives can assist you further

There is also an offline method available for applying for a car loan which requires the individual to physically visit the nearest branch office of the bank and do the needful as or the bank norms.

Which Bank in Ambelim Offers the Best Car Loans?

A wide range of big banks and NBFCs, including HDFC, ICICI, and SBI offer car loans in Ambelim. A smart loan seeker should always compare vehicle loans from numerous lenders before applying for the one that meets all of his specific requirements.

Car Loan for Major Car Manufacturers in Ambelim

TABLE WILL APPEAR

Processing Fees & Prepayment Charges on Car Loan Ambelim

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 Ambelim

CIBIL score is an essential criterion for availing a car loan based on which the banks and NBFCs approve a car loan to any customer. The minimum requirement of a CIBIL score for a car loan in Ambelim varies from bank to bank. Generally, a score above 750 is considered to be a good score for any individual to be eligible to apply for a car loan in the city.

It is important that one should clear all the previous pending dues and debts in order to maintain a good credit score, before availing of a car loan. Default in your credit score will hinder your opportunities for availing of a fresh loan in the future.


car loan

Car Loan Ambelim Contact Number

To get an instant car loan you can visit our website Dialabank or call on 9878981166 to get assistance free of cost. Our executives are well trained and will assist you in the best way possible in order to provide you with a deal most suited for you.


car loan

Pre Calculated EMI Table for Car Loan Ambelim

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 Ambelim

Ambelim is a village panchayat located in the South Goa district of Goa state, India.

Car Loan Banks in Ambelim

BANK OF BARODA P O AMBELIM VELIM SALCETE GOA 403723 BARB0AMBELI

FAQ’s About Ambelim Car Loan

✅ 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 loan tenures from a year to 7 years, depending on the loan amount and the client’s repayment capability.

✅ 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.