Car Loan Amnan

Car Loan Amnan

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Best Banks for Car Loan in Amnan

Car Loan Amnan 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

The streets of India, require a sturdy and durable vehicle, most often that vehicle is a good car. Borrowers can finance their dream car with the help of a car loan. Most leading banks and NBFC’s offer car loans at reasonable interest rates, and long tenures for paying off the loan in small EMI’s. Dialabank representatives will help you choose the perfect loan for your dream car, and guide you through the entire application process.

Car Loan Amnan Eligibility Criteria

The car loan eligibility requirements are as follows in Amnan:

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 Amnan EMI Calculator

Car Loan Amnan 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 Amnan Fees and Charges : Leading Banks – Mar 31 2023

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
Private 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 Amnan Documents Required

The documents required for applying for a car loan in Amnan are: –

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.

How to Get the Best Car Loan Interest Rates in Amnan

Choose a shorter repayment term – A number of loan seekers wrongly believe that a loan with a long tenure is better than a shorter one because they can pay off the loan in small installments over a bigger length of time, but they often fail to realize that lenders charge a very high rate of interest for such loans.
Research and compare the perks offered by different lenders – Financially responsible loan seekers should always compare different schemes offered by various lenders to choose the one that best suits their needs.
Maintain a modest debt-to-income ratio – The debt-to-income ratio measures how much of the borrower’s income goes toward the repayment of an older loan, and if it is lower than average, your chances of getting the loan approved increase.
Maintain a good credit score — Lenders will love to offer you a car loan at the appropriate interest rates if you maintain a credit score of 750 or above.

How to Apply for a Car Loan in Amnan?

Applying for a car loan in Amnan is a pretty easy process with Dialabank. Just follow the following steps written below to avail of the best offers in your vicinity: –

Visit our webportal Dialabank.
Click on the car loan option available on the website.
Fill up the concerned fields with details regarding the car type and your yearly income.
Our relationship manager will soon get in your touch.
You may also contact us on 9878981166 in case you have any queries regarding the loan.

Which Bank in Amnan Offers the Best Car Loans?

Most reputed lenders like HDFC, Private, and SBI offer a number of car loan plans in Amnan. Dialabank representatives can help you choose a lender that can provide you with the loan amount you need at the lowest interest rate and can disburse the funds as fast as possible. Financially responsible borrowers should always compare vehicle loans from different lenders before applying for one that meets all of their needs.

Car Loan for Major Car Manufacturers in Amnan

TABLE WILL APPEAR

Processing Fees / Prepayment Charges on Car Loan Amnan

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
Prepayment Charges	>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

CIBIL Score Required for Car Loan in Amnan

Your CIBIL score defines your ability to successfully pay off loans on time. A credit score above 750 means you have a good credit history which in turn makes your car loan application easy to process. The minimum requirements for CIBIL score may differ from one bank to another. In case your CIBIL score is less than the required value, you will be required to pay a high rate of interest on the loan amount.

Car Loan Amnan Contact Number

In case of any queries regarding the auto loan in Amnan, feel free to contact us on 9878981166 for any assistance.

Pre Calculated EMI Table for Car Loan Amnan

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

About Amnan

Amnan is a village in the Hooghly district of West Bengal, and its Pincode is 712305.

FAQ’s About Amnan Car Loan

✅ Do banks finance the car’s accessories too?

No, most lenders provide a loan amount sufficient only for the standard trim.

✅ What form of collateral do lenders require?

Lenders usually take the car you are buying as the collateral itself.

✅ What happens if one fails to reimburse the total Loan Amount?

In such an unfortunate case, the lenders have the legal right to seize the car to recover the loan amount.

Buy your dream Car