Best Banks for Car Loan in Baribrahmana
⍟ Loan Approval in 30 Minutes A car loan is one of the best options that you can avail yourself of to buy your favourite car. It is not possible for everyone to manage a huge amount of cash at the same point in time to buy a car, so in these situations, a Car Loan can be availed.
Car Loan Baribrahmana 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 Baribrahmana 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 |
7.35% per annum The interest rates on car loans offered by different lenders in Baribrahmana may be different, but they are all very reasonable. If you want to get a car loan in Baribrahmana with the lowest interest rate, follow the steps mentioned below: Availing of a car loan in Baribrahmana is an easy process with Dialabank. Few steps to be followed are: Many big banks, including HDFC, Private, 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. TABLE WILL APPEAR The CIBIL score is what defines your capacity to pay off your debts. A better credit score means decent 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 Baribrahmana. This score required differs from bank to bank. In case of any queries regarding the car loan in Baribrahmana, you may contact on the number 9878981166 for any assistance. It is a city in Samba district in the state of Jammu & Kashmir, India. It is very beneficial for an individual to take a Loan from Dialabank, all you have to do is to visit our website Dialabank. 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. If you have a strong payment history with your current lender, many lenders will grant you a loan on your current vehicle. Standing Instruction, Electronic Clearing Service, and Post-Dated Cheques are some options for repaying your loan. It is generally advised 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. If your income falls below the required minimum, lenders may want you to offer a guarantee to ensure that you will be able to repay the EMI. You can use the EMI calculator 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.
Car Loan Baribrahmana EMI Calculator
Car Loan Baribrahmana 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 Baribrahmana Fees and Charges: Leading Banks – Apr 19 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 Baribrahmana 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 Baribrahmana
How to Apply for a Car Loan in Baribrahmana?
Which Bank in Baribrahmana Offers the Best Car Loans?
Car Loan for Major Car Manufacturers in Baribrahmana
Processing Fees / Prepayment Charges on Car Loan Baribrahmana
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 Baribrahmana
Car Loan Baribrahmana Contact Number
Pre Calculated EMI Table for Car Loan Baribrahmana
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 Baribrahmana
FAQ’s About Baribrahmana Car Loan
✅ Which car can I get with a car loan?
✅ Is it ok to acquire a loan on my current vehicle?
✅ What methods can I avail myself of for repaying my Auto Loan?
✅ Is a guarantor necessary for a car loan?
✅ How can I calculate the interest rate for a car loan?