Car Loan Bageshwar

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Car Loan Bageshwar

Best Banks for Car Loan in Bageshwar

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Car Loan Bageshwar 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

If you’re looking for a car loan Bageshwar, you’ve come to the right place. We will guide you through the entire process, while you can sit back and relax. You can learn how to increase your eligibility for the car loan Bageshwar as well as the documents needed and the process involved for you to get the lowest interest rate possible.

Car Loan Bageshwar

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Car Loan Bageshwar Eligibility Criteria

The car loan eligibility in Bageshwar requirements are as follows:

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 Bageshwar EMI Calculator

Car Loan Bageshwar 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 Bageshwar 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

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Car Loan Bageshwar Documents Required

Documents needed for car loan are as follows:

Salaried Individual

Documents Required
Identity Proof (Any 1) Passport
Voter ID
Aadhar Card
Driving License
Address Proof (Any 1) Aadhar Card
Driving License
Electricity Bill
Date of Birth Proof(Any 1)
Birth Certificate
High School Marksheet
Driving Licence
Signature Proof(Any 1)
Bankers Verification
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

Documents Required
Identity Proof (Any 1) PAN Card
Voter ID
Aadhar Card
Address Proof (Any 1) PAN Card
Voter ID
Electricity Bill
Date of Birth Proof (Any 1) Birth Certificate
Driving Licence
Signature Proof (Any 1)
Bankers Verification
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

Documents Required
Identity Proof (Any 1) Driving Licence
PAN Card
Aadhar Card
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

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.

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How to Get the Best Car Loan Interest Rates in Bageshwar

The interest rates for the car loan Bageshwar may differ, but they are all reasonable and competitive. If you want to get the lowest interest rate possible, do follow these steps:

  • Choose a shorter repayment term – Having a longer tenure means that you won’t be paying huge EMIs every month, but that also leaves the lender with an impression that you do not have the financial capabilities to pay the monthly EMIs on a shorter tenure. Therefore, choose the shortest tenure possible for you making the lender give you the lowest possible interest rate.
  • Research and compare the perks offered by different lenders – Choose the best lender possible that might give you the lowest interest rate as well as fulfill all your requirements.
  • Maintain a modest debt-to-income ratio – Having a low debt-to-income ratio makes the lender give you a low interest rate, as having a higher interest rate would cause you to have a financial burden.
  • Maintain a good credit score — Lenders will be pleased to offer you a car loan with a low interest rate if you have a good credit score. Banks and NBFCs consider a credit score of 750 and above to be ideal. Many lenders may give auto loans to people with bad credit, but they will give it at a higher interest rate. Check your credit scores regularly with the official Dialabank “Free Credit Score” service to make sure you have a good credit score. This will allow you to take the necessary and needed measures to enhance your credit score if it is low, and it will allow you to approach your lenders with confidence since you have a good credit score.

How to Apply for a Car Loan in Bageshwar?

Availing of a car loan in Bageshwar is an easy process with Dialabank. Follow the steps given below to avail of the best offers:

  • Visit our website Dialabank.
  • Click on the car loan option available in the menubar.
  • Fill in the details regarding your car type as well as your income
  • Wait as our relationship manager gets in touch with you on your provided number.
  • You may also contact our relationship managers on 9878981166 in case of any doubts regarding the loan.
  • To avail of a car loan offline, you will have to visit the branch personally, which might be hectic and time-consuming for you.

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Which Bank in Bageshwar Offers the Best Car Loans?

Most big banks and NBFCs, including HDFC, ICICI, and SBI, offer car loan Bageshwar. The best lender would be the one who gives you the lowest interest rate, comfortable tenure, and 100% financing of the car price.

Car Loan for Major Car Manufacturers in Bageshwar


Processing Fees / Prepayment Charges on Car Loan Bageshwar

Category Details
Processing Charges
1999 - 4999 + Tax
No prepayment is allowed until 12 EMIs are paid
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

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CIBIL Score Required for Car Loan in Bageshwar

CIBIL score plays a very important role while getting the loan. If your CIBIL score is 750 or above, then you will get quick loan approvals. If the CIBIL score is less than 750 then your application would be reluctantly processed. So, you should check your CIBIL score before you apply for the loan. If you pay your EMIs on time then your CIBIL score will be good and high. If you do not repay Your EMI on time your CIBIL score will be reduced. The applicant must pay monthly EMIs according to the schedule of the bank.

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Car Loan Bageshwar Contact Number

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

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Pre Calculated EMI Table for Car Loan Bageshwar

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 Bageshwar

Bageshwar is a town in the district Bageshwar in Uttarakhand. The town is famous for the Shiva temple that was built in 1640.

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IFSC Codes for Banks in Bageshwar

Bank Name Bank Address IFSC Code

FAQ’s About Bageshwar Car Loan

✅ Is there a requirement for a minimum salary when applying for a car loan?

Most lenders do not have a salary bar, but your application will be rejected if they determine that you cannot pay your monthly EMIs on time due to you having a low salary. Under these circumstances, having a co-applicant might help.

✅ Is a loan guarantor or guarantor required?

A loan guarantor or co-borrower is required if you cannot meet the lending institution’s eligibility criteria, such as monthly income, age, or credit score. You may also apply for a car loan on your own.

✅ In what circumstances might my car loan application be denied?

If you have a bad credit score, have defaulted on your payments, or have applied for and been rejected for loans multiple times, your loan application may be denied. To get your loan approved, you must also meet the bank’s eligibility criteria, including a minimum income level, age, and previous relationship with the bank.

✅ Are there any tax advantages to taking out a car loan?

No. A car loan, unlike a home loan, has no tax benefits at all. As a result, car loan amounts should always be tied to your actual need, and splurging on a fancy car by taking out a large loan is not a good idea.

✅ Is it possible to negotiate interest rates?

Yes, you can use your credit history and previous relationship with the prospective lender to negotiate the interest rate on your car loan. Regularly paying your EMIs on previous loans/credit cards with your prospective lender can help you get a car loan with a lower interest rate.