Car Loan Barian Kalan

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Car Loan Barian Kalan

Best Banks for Car Loan in Barian Kalan


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Car Loan Barian Kalan 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

Cars come with ultra-reliable features and are the best options for long journeys, whether it is night or day. You can nowadays get a car easily with the help of a Car Loan. Know how to increase your Barian Kalan car loan eligibility, as well as the list of best banks that offer auto loans in Barian Kalan and their unique features.

Car Loan Barian Kalan


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Car Loan Barian Kalan 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 Barian Kalan EMI Calculator

Car Loan Barian Kalan 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 Barian Kalan Fees and Charges: Leading Banks – May 25 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 Barian Kalan Documents Required

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.


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How to Get the Best Car Loan Interest Rates in Barian Kalan

The interest rates on vehicle loans offered by different lenders in Barian Kalan may vary, but they are all reasonable and competitive. If you want to get a car loan in Barian Kalan with the lowest interest rate, follow the steps below:

  • Choose a short EMI period– Make sure you choose a short EMI payment tenure, as it can help you avail of better interest rates.
  • Compare different lenders and their offers – Every lender offers various types of schemes and offers. Make sure you do thorough research before availing of the loan.
  • Maintain a good debt-to-income ratio – The debt-to-income ratio indicates how much of an applicant’s income goes toward loan EMI repayment, and lenders take this into consideration when setting interest rates. A lower ratio helps you have a higher chance of getting a car loan with a decent interest rate.
  • Maintain a good credit score — Lenders consider a credit score of above 750 to be healthy, as such a score indicates that you have a good repayment habit. You can use the Dialabank free credit score calculator for the same.

How to Apply for a Car Loan in Barian Kalan?

Availing of a car loan Barian Kalan is an easy process with Dialabank. Few steps to be followed are:

  • Visit our website Dialabank.
  • Choose the car loan option.
  • Enter the details of the car and your income details.
  • Our relationship manager will soon call you on your mobile number.
  • You can also inturn contact our relationship managers on 9878981166.
  • For availing of a car loan offline, you will have to go to the respective branch and enquire about the loan.


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Which Bank in Barian Kalan Offers the Best Car Loans?

Many big banks, including HDFC, ICICI, and SBI, offer vehicle loans here. 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 Barian Kalan

TABLE WILL APPEAR

Processing Fees / Prepayment Charges on Car Loan Barian Kalan

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


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CIBIL Score Required for Car Loan in Barian Kalan

The CIBIL score is what defines your capability to pay off your debts. A better credit score means good repayment history which in turn makes your car loan application process easy. Mostly, banks and NBFCs consider a credit score of 750 and above as a good score to approve your loan application process in Barian Kalan. This score required differs from bank to bank.


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Car Loan Barian Kalan Contact Number

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


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Pre Calculated EMI Table for Car Loan Barian Kalan

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 Barian Kalan

Barian Kalan is a village in the Hoshiarpur district of the state of Punjab.


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Car Loan Banks in Barian Kalan

Bank Name Bank Address IFSC Code
HDFC BANK HDFC BANK LTD., PREMISES NEAR DANA MANDI, VPO BARIAN KALAN, HOSHIARPUR PUNJAB 146100 HDFC0003169
PUNJAB NATIONAL BANK VPO BARIAN KALAN PUNB0124400

FAQ’s About Barian Kalan Car Loan

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. Trucks, tractors, and construction equipment loans are also handed out by some lenders.

✅ 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.

Is a car loan waived off if the applicant expires?

No, the death of the person who availed the loan doesn’t mean that the loan will be waived off.

✅ Can the car about to be purchased placed as collateral against the loan?

Yes, the car you are going to purchase or any other thing like papers of your house or gold can be produced as collateral.

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. The interest rate can be calculated by filling out an application for a loan, which will need you to provide some details such as your salary, company, and work experience, depending on which interest rates will be given.