Car Loan Amtala

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Car Loan Amtala

Best Banks for Car Loan in Amtala

Feature
HDFC Bank
ICICI Bank
Kotak Mahindra Bank
Interest Rate (p.a.)
7.35 - 7.95%
8.5 - 9.5 %
11%
Min Loan Amt
Metro : 1 Lac & Non Metro: 75000
75000
75000
Max Loan Amt
1 Cr
1 Cr
1 Cr
Loan Tenure
Upto 7 Years
Upto 5 Years
Upto 5 Years
Processing Fee
1999 - 4999 + Tax
0.25% to 1.50%
0.25% to 1.50%
Preclosure Chgs
2%, Nil after 24 months
2%, Nil after 36 months
Nil
Loan to Value (LTV)
Upto 100% on Ex- showroom
Upto 95% on Ex- showroom
Upto 90% on Ex- showroom


car loan

Car Loan Amtala 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

To commute through the hustling and bustling streets of India, you require a sturdy and agile vehicle, and most often that vehicle is a car. You can easily finance a four-wheeler with the help of a car loan, from any of the leading lenders in India at reasonable interest rates, and tenures long enough 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 Amtala


car loan

Car Loan Amtala Eligibility Criteria

The car loan eligibility requirements are as follows in Amtala:

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 Amtala EMI Calculator

Car Loan Amtala 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 Amtala Fees and Charges : Leading Banks – May 26 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 Amtala Documents Required

The documents required for applying for a car loan in Amtala 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 Amtala

  • Choose a shorter repayment term – A large number of car loan applicants often wrongly assume that a loan with a long tenure is better than a shorter one because they can pay off the loan in small instalments over a bigger length of time, but they often fail to realize that lenders charge a very high rate of interest for such loans, and up paying a lot more in interests than a comparatively shorter loan.
  • Research and compare the perks offered by different lenders – Financially responsible loan seekers should always compare all the different plans and schemes offered by various lenders to choose the one that best suits their specific set of 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 your chances of getting the loan increase if this is low.
  • Maintain a good credit score — One of the most important factors that come into play while approving a loan application is the credit score. Lenders usually prefer borrowers with a credit score of more than 750.

How to Apply for a Car Loan in Amtala?

Applying for a car loan in Amtala 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 Amtala Offers the Best Car Loans?

Lenders like HDFC, ICICI, and SBI offer a wide variety of car loan plans in Amtala. Just contact our Dialabank representatives, and they will help you choose a bank 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 and smart loan seekers 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 Amtala

TABLE WILL APPEAR

Processing Fees / Prepayment Charges on Car Loan Amtala

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 Amtala

A CIBIL Score is essential when it comes to getting your car loan approved. Most big and reputed lenders require the borrowers to have a score between 750 to 900. A CIBIL score in this range shows that you have paid off your previous loans and credit card bills on time. Sometimes banks do provide loans to individuals with low CIBIL scores, but they charge a comparatively higher interest rate from them.


car loan

Car Loan Amtala Contact Number

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


car loan

Pre Calculated EMI Table for Car Loan Amtala

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 Amtala

Amtala is a town in the state of West Bengal in India. It has an approx area of 1.5 sq km and a population of 8,765 people.


car loan

Car Loan Banks in Amtala

Bank Name Bank address IFSC Code
BANK OF BARODA DIAMOND HARBOUR ROAD, MITRA MARKET P.O.KANYANAGAR, POLICE STATION BISHNUPUR 743398 BARB0AMTALA
DENA BANK DENA BANK,AMTALA BRANCH,NIRBARAN DUTTA ROAD,VILL PO KANYANAGAR,PS BISHNUPUR,DIST -SOUTH 24 PARAGANAS,WB – 743398 BKDN0911733
CANARA BANK VILL UDAYRAMPUR, PO-KANNYANAGAR, AMTALA DIST SOUTH 24 PARGANAS PIN CODE 743398 CNRB0004079
CORPORATION BANK NIBARAN DUTTA ROAD, OPP.UCO BANK, P.O.KANNYANAGAR, DIST 24 PARAGANAS (SOUTH), WEST BENGAL – 743398 CORP0001287
HDFC BANK SANGAM SUPERMARKET, BLOCK -A1DIAMOND HARBOUR ROAD, AMTALA SOUTH 24 PARGANAS, HDFC0001932
ICICI BANK LIMITED ICICI BANK LTD PO VILL NORTH KANNAYANAGAR AMTALA DH ROAD PIN 743398 WEST BENGAL ICIC0003255
INDUSIND BANK GROUND FLOOR BLOCK A1, SANGAM SUPER MARKET, DIAMOND HARBOUR ROAD, SOUTH 24 PARGANAS, AMTALA – 743 503, WEST BENGAL INDB0000298
KARNATAKA BANK LIMITED DAG. NO. 167, PITRY ASISH, N.D. ROAD,AMTALA – 743398. KARB0000032
BANK OF MAHARASHTRA DIAMOND HARBOUR ROAD, KANYANAGAR, AMTALA, DIST-SOUTH 24 PARGANAS, PIN- 743398 (WEST BENGAL) MAHB0001677
STATE BANK OF INDIA MURSHED MARKET DIAMOND HARBOUR ROAD KANYANAGAR 24 PARGANAS KOLKATA 743398 SBIN0010089
STATE BANK OF INDIA SHIBTALA, AMTALA BAZAR, P.O. KANYANAGAR, P.S. BISHNUPUR, DISTT. SOUTH 24 PARGANAS, WEST BENGAL 743398 SBIN0016572
SOUTH INDIAN BANK AMT K E CARMEL SCHOOL BLDG BARUIPUR ROAD, CHANDI 743503 SIBL0000592
SYNDICATE BANK BESIDE AMTALA HOSPITAL,PO KANYANAGAR PS BISHNUPUR,DIST 24 PARGANAS S,AMTALA,WEST BENGAL,743503,INDIA SYNB0009758
UNION BANK OF INDIA SANGAM SUPER MARKET, DIAMOND HARBOUR RD, P.O.30 KANNYA NAGAR, DIST.24-PARGANA(S) VILLAGE- AMTOLA, WEST BENGAL, PIN-743398. UBIN0551350
AXIS BANK K E CARMEL SCHOOL (ADMINISTRATIVE WING) DIAMOND HARBOUR ROAD, P.O. BISHNUPUR UTIB0000440
THE WEST BENGAL STATE COOPERATIVE BANK AMTALA BUS STAND, PO. AMTALA, 24 PGS. SOUTH WBSC0000020

FAQ’s About Amtala 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.

✅ Do I need a guarantor/ security for a car loan?

As a Car Loan is a mortgage based loan, there is no need for a guarantor or security.