Car Loan Barethi

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Car Loan Barethi

Best banks for Car Loan in Barethi

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Car Loan Barethi 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

Buying a vehicle is no more a difficult task now as one can avail of a car loan. The total loan amount can be up to 85% of the car based on the Ex-showroom or On-road price of the vehicle. So if you are thinking of purchasing your dream car in Barethi, get an instant car loan with Dialabank at an affordable interest rate. Visit us at Dialabank.

Car Loan Barethi

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Car Loan Barethi Eligibility Criteria

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 Barethi EMI Calculator

Car Loan Barethi 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 Barethi Fees and Charges: Leading Banks – Nov 28 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 Barethi Documents Required

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 Barethi

The interest rates on car loans offered by various banks in Barethi may vary, but they are all usually lucrative. If you wish to get a car loan in Barethi with the best interest rate available, follow these steps:

  • Go for a short EMI period– Make sure you choose a short EMI payment tenure, as it can help you avail of better interest rates.
  • Compare various lenders and their offers – Every lender offers different types of schemes and offers. Make sure you do detailed research before availing of the loan.
  • Maintain a decent debt-to-income ratio – The debt-to-income ratio indicates how much of an applicant’s income goes toward loan repayment. Banks consider this when setting the interest rate. Therefore, a lower ratio helps you have a better chance of getting a car loan with a decent interest rate.
  • Maintain a good CIBIL score — Lenders consider a credit score above 750 to be fine, as such a score indicates that you have a good repayment habit, and they can be sure about you repaying the loan on time. In addition, yIn addition, you can use the Dialabank free credit score calculator for the same through our website.

How to Apply for a Car Loan in Barethi?

Getting a car loan in Barethi is a simple process with Dialabank. Few easy steps to be followed are:

  • Visit our website Dialabank.
  • Click on the car loan option.
  • Enter the details of the car and your income details.
  • Our relationship manager will soon revert to you on your provided cell number.
  • You can otherwise contact our relationship managers on 9878981166
  • To avail of a car loan offline, you will have to go to the respective branch and inquire about the loan.

car loan

Which Bank in Barethi Offers the Best Car Loans?

Many big banks, including HDFC, ICICI, and SBI, offer vehicle loans in Barethi. The best lender is one that can provide you with the loan amount you need at a suitable interest rate and can hand out the funds as quickly as possible.

Car Loan for Major Car Manufacturers in Barethi


Processing Fees / Prepayment Charges on Car Loan Barethi

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 Barethi

The CIBIL score is what indicates your capability to pay off your debts. A decent credit score means a good repayment history, which makes your car loan application process smooth. Mostly, banks and NBFCs consider a credit score of 750 and above as a decent score to approve your loan application process. However, the score required may differ from bank to bank.

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Car Loan Barethi Contact Number

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

car loan

Pre Calculated EMI Table for Car Loan Barethi

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 Barethi

Barethi is a village in the Chhatarpur district of Madhya Pradesh, India. It is very beneficial for an individual to take a Loan from Dialabank. All you have to do is visit the Dialabank website and get relevant details quickly on the go.

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Car Loan Banks in Barethi

Bank Name Bank Address IFSC Code

FAQ’s About Car Loan Barethi

Which car can I get with a car loan?

Car loans can be used to buy any type of car, including SUVs, MUVs, etc. You can also get a car loan to get a vehicle for professional needs. Some lenders also hand out trucks, tractors, and construction equipment loans.

✅ Is it ok to acquire a loan on my current vehicle?

Yes, if you have a decent repayment history with your current lender, many lenders will grant you a loan on your current vehicle.

What methods can I avail myself of for repaying my Auto Loan?

Standing Instruction, Electronic Clearing Service, and Post-Dated Cheques are some options for repaying your loan. However, you generally advise that you repay your loan using the first two options because they are faster and have a lower error risk, which is not the case with PDCs.

✅ Is a guarantor required for a car loan?

To get a car loan, most lenders will not ask for a guarantor. However, if your income falls below the required minimum, lenders may want you to offer a guarantee to ensure that you can repay the EMI.

✅ How can I calculate the interest rate for a car loan?

You can use the EMI calculator available on the Dialabank website. To calculate the EMIs, enter the necessary details asked. For example, the interest rate can be calculated by filling out an application for a loan, which will need you to provide details such as your salary, company, and work experience, depending on which interest rates will be given.