Best Banks for Car Loan in Banaskantha
⍟ Loan Approval in 30 Minutes A vehicle loan might be beneficial to consumers who wish to acquire a new car but are unable to do so due to a lack of funds. If borrowers complete their monthly payments on time, it also helps them build a positive credit history. Dialabank is the only place where you may receive an auto loan.
The car loan eligibility requirements are as follows in Banaskantha:
7.35% per annum Varied lenders in Banaskantha provide different interest rates on auto loans, but they are all sensible and competitive. Follow the steps below to secure a car loan in Banaskantha with the lowest interest rate: Car loans are available in Banaskantha from several large banks and NBFCs, including HDFC, Private, and SBI. The best lender will be able to give you the loan amount you require at a reasonable interest rate and will be able to release the funds as soon as possible. As a result, it’s always a good idea to shop around for auto loans from various lenders before settling on one that fulfils all of your requirements, such as interest rates. TABLE WILL APPEAR The CIBIL score is essential when applying for a loan. Let’s say your Cibil score is anywhere between 750 and 900. Then you will be approved for a loan quickly. Your application will be pending if your Cibil score is less than 700. So, before you apply for the loan, check your Cibil score. Your Cibil score will be improved if you pay your EMIs on time. Your Cibil score will be decreased if you do not repay your EMI. The applicant must pay monthly EMIs following the bank’s schedule. For instant help and any more queries, you can call 9878981166. Banaskantha district is located in the Indian state of Gujarat. Banaskantha’s population is urban, and 86.7% is rural. Car loans can be used to purchase various passenger vehicles, including SUVs, MUVs, and other types of cars. A car loan can also be used to buy a car for commercial purposes. Yes, many lenders will issue you a loan on your current vehicle if you have a good payment history with your current lender. Three possibilities for repaying your loan are Standing Instruction (SI), Electronic Clearing Service (ECS), and Post-Dated Cheques (PDCs). However, the first two choices are customarily recommended for returning your loan because they are faster and have a lesser risk of error, which is not the case with PDCs.
Car Loan Banaskantha Features
⍟ 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 Banaskantha Eligibility Criteria
Salaried Individual
Net Monthly Income – Minimum ₹ 20,000
Employment Duration – 1-year minimum
Income Eligibility – Based on Form 16 and salary slip
Self-Employed Individuals
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)
Employment Duration – 3 years minimum
The applicant has to present IT returns and audited financials of 2 years with Calculated Income.
Priority Customers
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 Banaskantha EMI Calculator
Car Loan Banaskantha Fees & Charges
Charges
New Car Loan
Used Car Loan
Interest Rate
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 Banaskantha Fees and Charges: Leading Banks – Apr 24 2024
Bank
Processing Fee
HDFC Bank Car Loan
(1999 - 4999) + Tax
Axis Bank Car Loan
1 % to 2.50%
Nil
Private Bank Car Loan
0.25% to 1.50%
SBI Car Loan
500/- to 0.50%
Nil
Kotak Car Loan
1% to 2%
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 Banaskantha Documents Required
Salaried Individual
Category
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)
Birth Certificate
High School Marksheet
Driving Licence
Signature Proof(Any 1)
Bankers Verification
Passport
Income Proof
Bank Statement
Employment Continuity Proof
ITR of Form no. 16
Salary Slip mentioned with joining date
Letter of Appointment
Self-Employed Individuals
Category
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)
Bankers Verification
Passport
Bank Statement
Employment Continuity Proof
Shop & Establishment Act Certificate
Shop & Establishment Act Certificate
Sales Tax or VAT Certificate
Business Proof
Telephone Bill/Electricity Bill
Shop & Establishment Act Certificate
SSI or MSME Registration Certificate
Self-Employed Non-Individuals:
1. Partnership Firms/Societies
Category
Identity Proof (Any 1)
Driving Licence
PAN Card
Aadhar Card
Passport
Address Proof (Any 1)
Aadhar Card
Driving License
Voter ID
Income Proof
P&L Account
ITR for the previous 2 years
Bank Statement
Last 6 month
Business Continuity Proof
Audited Balance Sheet
TAX registration Certificate
Current Account Statement
Additional documents
2. Private Limited/Limited Companies
Category
Identity Proof
Copy of Incorporation
Address Proof (Any 1)
Telephone Bill
Electricity Bill
Shop & Establishment Act Certificate
Sales Tax Certificate
Income Proof
P&L Account and ITR for the previous 2 years
Bank Statement
Previous 6 Months
Business Continuity Proof
ITR of the Company of the past 2 years
Audited Balance Sheet
Shop & Establishment Act Certificate
Additional documents
Board Resolution
PAN Card
Certificate of Commencement of Business for Ltd. Co.
How to Get the Best Car Loan Interest Rates in Banaskantha
How to Apply for a Car Loan in Banaskantha?
Which Bank in Banaskantha Offers the Best Car Loans?
Car Loan for Major Car Manufacturers in Banaskantha
Processing Fees / Prepayment Charges on Car Loan Banaskantha
Category
Details
Processing Charges
Prepayment
Preclosure
Stamp Duty
Cheque Bounce Chgs
Floating Rate of Interest
Not Applicable
Overdue EMI Interest
Amortisation Schedule Chgs
Rs 200 + GST
CIBIL Score Required for Car Loan in Banaskantha
Car Loan Banaskantha Contact Number
Pre Calculated EMI Table for Car Loan Banaskantha
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 Banaskantha
Car Loan Banks in Banaskantha
Bank Name
Bank Address
IFSC Code
AU SMALL FINANCE BANK LIMITED
SHOP NO 7 8 9 BELOW YES BANK SECTOR 1 NEAR AU FINANCERS PITHAM CITY PLAZA COMPLEX DEESA 385535
AUBL0002136
AU SMALL FINANCE BANK LIMITED
SHOP NO 21 22 NEAR GOVERNMENT GUEST HOUSE AND TAXI STAND ADJACENT TO SBBJ ALRAM PARK SOCIETY POLICE STATION ROAD DEODAR 385330
AUBL0002137
AU SMALL FINANCE BANK LIMITED
TRIMURTI COMPLEX OPP INCOME TAX OFFICE NEAR SBI BANK ABU NATIONAL HIGHWAY PALANPUR 385001
AUBL0002143
DCB BANK LIMITED
DEESA PALANPUR HIGHWAY, TALUKA DEESA, DISTRICT BANASKANTHA, GUJARAT 385535
DCBL0000118
STATE BANK OF INDIA
NR FUVARA, DEESA, BANASKANTHA, GUJARAT, PIN 385535
SBIN0000359
STATE BANK OF INDIA
DIST BANAS KANTHASTATE GUJARAT
SBIN0010956
STATE BANK OF INDIA
DIST BANAS KANTHASTATE GUJARAT
SBIN0011032
FAQ’s About Car Loan Banaskantha
✅ Types of vehicles can I purchase with a Car Loan?
✅ Is it possible for me to acquire a loan on my Current Vehicle?
✅ What options do I have for repayment of my Auto Loan?