Car Loan Amnan

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Car Loan Amnan

Best Banks for Car Loan in Amnan


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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


car loan

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


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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

Car Loan Amnan Fees and Charges : Leading Banks – May 25 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 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.


car loan

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.


car loan

Which Bank in Amnan Offers the Best Car Loans?

Most reputed lenders like HDFC, ICICI, 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
>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 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

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.


car loan

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


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About Amnan

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


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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.