Car Loan Ashta

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Car Loan Ashta

Best Banks for Car Loan in Ashta

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 Ashta 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

Car Loan Ashta


car loan

Car Loan Ashta Eligibility Criteria

The car loan eligibility requirements are as follows in Ashta:

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 Ashta EMI Calculator

Car Loan Ashta 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 Ashta Fees and Charges : Leading Banks – Jun 30 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 Ashta Documents Required

The essential documents required to get a car loan approved in Ashta 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 Ashta

  • Choose a short repayment term – Short-term loans frequently have lower interest rates than longer-term loans. Therefore borrowers who wish to save money should choose short-term loans.
  • Research and compare the perks offered by different lenders – Borrowers should always investigate and compare the advantages provided by various lenders. This can assist consumers in determining which lenders provide the most excellent interest rates and hence which lender to choose for the loan.
  • Maintain a modest debt-to-income ratio – The debt-to-income ratio calculates how much of a borrower’s income goes toward repaying an older loan, and it’s something that lenders commonly consider when setting interest rates. Borrowers with a lower debt-to-income ratio have a greater chance of receiving a car loan with a lower interest rate.
  • Maintain a good credit score — If you have a good credit score, lenders would gladly offer you a car loan with cheaper interest rates. Lenders require a credit score of 750 or above.

How to Apply for a Car Loan in Ashta?

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

  • Please visit our website.
  • Select the option for a car loan from the menu.
  • Fill in the facts about the vehicle and your earnings.
  • Please wait for our relationship manager to contact you at the phone number you provided
  • You may also contact our relationship managers on the number 9878981166 if any queries regarding the loan.


car loan

Which Bank in Ashta Offers the Best Car Loans?

Large and reputable lenders such as HDFC, ICICI, and SBI offer various vehicle loan options. The most ok lender will be able to supply you with the loan amount you require at the lowest possible interest rate and deliver the funds as quickly as possible. Before applying for a vehicle loan that matches all of your requirements, you should constantly evaluate vehicle loans from various providers.

Car Loan for Major Car Manufacturers in Ashta

TABLE WILL APPEAR

Processing Fees & Prepayment Charges on Car Loan Ashta

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 Ashta

Your CIBIL score, which is based on your payback history, determines your ability to repay your loans. A higher credit score indicates a positive credit history, which facilitates the processing of your application. Most banks and NBFCs consider a credit score of 750 or higher acceptable for approving your loan application. CIBIL score is essential because if it is lower than the required value, you will be required to pay a high rate interest rate on your loan amount.


car loan

Car Loan Ashta Contact Number

In case of any queries regarding a car loan in Ashta, you may contact us on the number 9878981166 for trustworthy assistance.


car loan

Pre Calculated EMI Table for Car Loan Ashta

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 Ashta

Ashta is a town and municipal council in the state of Maharashtra. Ashta is located in the Sangli district.


car loan

Car Loan Banks in Ashta

Bank Name Bank Address IFSC Code
APNA SAHAKARI BANK LIMITED BHAWKI ROAD, AT POST ASHTA, DIST.-SANGLI-416301 ASBL0000022
CENTRAL BANK OF INDIA IN FRONT OF BLOCK OFFICE, ALIPUR ASHTA, DIST SEHORE M P-466116 CBIN0284716
CANARA BANK CANARA BANK, VILASRAO SHINDE SHOPPING COMPLEX ASHTA MUNICIPAL COUNCIL ASHTHA, TALUK WALVA DIST SANGLI PIN 416301 CNRB0003777
CANARA BANK SHASTRI NAGAR, NEAR PETROL PUMP, KANNOD ROAD, ASHTA-466116, SEHORE DIST CNRB0004729
HDFC BANK GOSWAMI MARKET, WARD NO.6 KANNOD ROAD ASHTA ASHTA 466116 HDFC0001945
IDBI BANK NEELGANGAGANDHI CHOWKAT & POST ASHTA, TAL WALWA,SANGLI416301 IBKL0000481
IDBI BANK WARD NO 16, KANNOD ROAD ASHTA IBKL0001871
IDBI BANK AT AND POST-ASTHA, KAPAD PETH, TAL WALWA IBKL0116APC
ICICI BANK LIMITED ICICI BANK LTD., GROUND FLOOR, WARD NO.14, NEAR SBI, KANNOD ROAD, ASHTA.(MP)-466116 ICIC0001714
INDIAN BANK 3851 MUKATI COLONY KANNOD ROAD ASHTA 466116 IDIB000B071
INDUSIND BANK GROUND FLOOR, GOSWAMI MARKET, KANNOD ROAD DIST-SEHORE, ASHTA – 466116 MADHYA PRADESH. INDB0000317
LAXMI VILAS BANK KANNOD ROAD,OPP TO MUKATI PETROL BUNK LAVB0000132
BANK OF MAHARASHTRA ASHTA, DIST SANGLI MAHB0000231
BANK OF MAHARASHTRA ASTHA TEHSIL-ASTHA VIA BARGHAT DIST-SEONI 480667 MAHB0000800
RAJARAMBAPU SAHAKARI BANK LIMITED AP.ASHTA,NEAR ASHTALING NAGARI PATHSANSTHA,ASHTA,TAL WALWA,DIST SANGLI 416301 RRBP0000012
STATE BANK OF INDIA POASHTAHARINARAYAN, SBIN0009332
STATE BANK OF INDIA KALYAN BHAWAN,NEAR JAIN DADAWADI KANNOD ROAD SBIN0030498
SYNDICATE BANK WARD NO 16 NEAR SHIVALAYA HOSPITAL ASHTA DIST SEHORE SEHORE MADHYA PRADESH INDIA 466116 SYNB0007897
UCO BANK HOUSE NO 615 & 6151 SHASTRI COLONY, KANNAD ROAD, ASHTA DIST. SEHORE MADHYA PRADESH 466116 UCBA0002439
AXIS BANK AXIS BANK LTD,GR FLR,BULD NO 33,KHASRA NO 422 1,WARD NO 16,KANNOD ROAD,ASHTA,DIST SEHORE,M.P.466116 UTIB0003837

FAQ’s About Ashta Car Loan

✅ What are my alternatives for repaying my auto loan?

Three choices for repaying your loans are Standing Instructions, Electronic Clearing Service, and Post-Dated Cheques.

✅ Is it necessary to have a guarantor for a car loan?

Most lenders will not require a guarantor in most cases. However, if your income is below the statutory minimum, lenders may demand you to provide a guarantee or co-applicant to ensure that you can repay the loan.

✅ Where can I find a vehicle loan interest calculator?

You can use the EMI calculator on Dialabank’s website or your lending bank’s website.