Car Loan Barwala

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Car Loan Barwala

Best Banks for Car Loan in Barwala


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Car Loan Barwala 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

Car Loan Barwala


car loan

Car Loan Barwala 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 Barwala EMI Calculator

Car Loan Barwala 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 Barwala 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


car loan

Car Loan Barwala 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 Barwala

The interest rates on vehicle loans offered by various lenders in Barwala may vary, but they are all usually great. If you want to get a Car Loan in Barwala with an ideal interest rate, follow the steps below:

  • 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 tells how much of an applicant’s income goes toward loan repayment, and lenders take this into account when setting interest rates. So a lower ratio helps you have a higher chance of getting a Car Loan with a decent interest rate.

How to Apply for a Car Loan in Barwala?

Availing of a Car Loan Barwala is a simple process with Dialabank. Few steps to be followed are:

  • Visit our website Dialabank.
  • Choose the Car Loan option.
  • Provide the details of the car and your income details.
  • Our relationship manager will soon call you on your cell number.
  • You can also inturn contact our relationship managers on 9878981166.


car loan

Which Bank in Barwala Offers the Best Car Loans?

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

Car Loan for Major Car Manufacturers in Barwala

TABLE WILL APPEAR

Processing Fees / Prepayment Charges on Car Loan Barwala

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 Barwala

A better credit score means good repayment history, which in turn makes your Car Loan application process smooth. Mostly, banks and NBFCs consider a credit score of 750 and above as a good score to approve your loan application process in Barwala. However, this score required differs from bank to bank.


car loan

Car Loan Barwala Contact Number

In case of any queries regarding the Car Loan Barwala, you may contact on the number 9878981166


car loan

Pre Calculated EMI Table for Car Loan Barwala

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 Barwala

Barwala is a town located in the Hisar district of the state of Haryana, India. For more information on a Car Loan Barwala, you can visit Dialabank.


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Car Loan Banks in Barwala

Bank Name Bank Address IFSC Code
ANDHRA BANK HSIIDC, INDUSTRIAL ESTATE, BARWALA, ALIPUR, PANCHKULA DIST, HARYANA ANDB0002509
ANDHRA BANK ANDHRA BANK, NEAR HP PETROL PUMP, NEAR SBI, MAIN ROAD, BARWALA, HISAR DIST, HARYANA, 125121 ANDB0003033
BANK OF BARODA NEAR BUS STAND, PONTA SAHIB ROAD, VPO BARWLA, PANCHKULA, HARYANA 134 118 BARB0BARWAL
DENA BANK DENA BANK, AT AND PO KHAS, TAL BARWALA, DIST AHMEDABAD, PIN 382255 BKDN0111357
DENA BANK MEGHANI CHOWK, BARWALA GHELASHAH, BARWALA, GUJARAT 382450 BKDN0120158
DENA BANK DENA BANK, ROJID BRANCH, SHUKLA SHERI AT AND POST.ROJID, TA BARWALA, DIST. AHMEDABAD PIN 382450 BKDN0121521
CENTRAL BANK OF INDIA AT & POST BARWALA, DIST- PANCHKULA, HARYANA-134118 CBIN0281058
HDFC BANK HDFC BANK LTD MAIN MARKET, V.P.O.BARWALA HDFC0001735
HDFC BANK HDFC BANK LTD HISAR CHANDIGARH ROAD BARWALA HDFC0002175
IDBI BANK NEAR BUS STAND,ANAJ MANDI ROAD,BARWALA IBKL0002079
ICICI BANK LIMITED 7521 WARD NO 1 OPP VETERINARY HOSPITAL CHANDIGARH ROAD BARWALA DISTRICT HISAR HARYANA 125121 ICIC0003590
ICICI BANK LIMITED ICICI BANK LTD MAIN MARKET DERABASSI BARWALA ROAD BARWALA PANCHKULA PIN 134118 ICIC0003967
ICICI BANK LIMITED KHASRA NO 83 9 2 6 15 VILLAGE SARSANA POST PANIHARI VILLAGE SARSANA 125121 ICIC0004055
ICICI BANK LIMITED KHASRA NO 705 AGROHA BARWALA ROAD VILLAGE KIRORI DISTT HISAR HARYANA 125112 ICIC0004056
INDUSIND BANK SHOP NO.1, GROUND FLOOR, BANSAL COMPLEX, MAIN ROAD, BARWALA-134119, DISTRICT PANCHKULA, HARYANA INDB0000344
INDIAN OVERSEAS BANK DERABASI ROAD, MAIN BAZAAR, BARWALA DIST.PANCHKULA, HARYANA IOBA0003532
BANK OF MAHARASHTRA NEAR BSNL EXCHANGE, BARWALA, DIST. PANCHKULA, HARYANA. PIN-134118 MAHB0001491
STATE BANK OF INDIA DIST HISSAR, HARYANA 134118 SBIN0007604
STATE BANK OF INDIA DAULATPUR CHOWK WARD NO 3 BHARWALA 126010 SBIN0050603
STATE BANK OF INDIA JAI MATA NURSING SCHOOL COLLEGE COMPLEXVPO BANBHORI TEHSIL BARWALA DISTTHISSARHARYANAPIN 125122 SBIN0051048
STATE BANK OF INDIA CHANDIGARH NARAINGARH NYE PASS ROADVPO BARWALADISTT PANCHKULAHARYANA 134118 SBIN0051222
STATE BANK OF INDIA KANSARA STREET, SWAMINARAYAN TEMPLE BLDG BARWALA 382450 SBIN0060176
SYNDICATE BANK MAIN BAZAR RAIPUR RANI ROAD BARWALA PANCHKULA HARYANA INDIA 134118 SYNB0008188
SYNDICATE BANK SYNDICATE BANK, BARWALA BRANCH PLOT 4, TP COLONY DISTRICT HISSAR HISSAR HARYANA INDIA 125121 SYNB0009686
UNION BANK OF INDIA WARD NO 4 NEAR VETERINARY HOSPITAL TOHANA ROAD BARWALA HARYANA 125121 UBIN0562882
UCO BANK BHAGAT SINGH CHOWK, WARD NO-11, BARWALA, DISTT HISSAR UCBA0003213
AXIS BANK RANA COMPLEX,KHEWAT NO. 15, KHATAUNI NO. 21, KHASRA NO. 47151(7-2), HADBAST NO. 247, VILLAGE BATOUR, PO BARWALA, DIST. PANCHKULA, HARYANA,PIN 134118 UTIB0001916
AXIS BANK GROUND FLOOR, KHEWAT NO. 288, KHATAUNI NO. 381, KHASRA NO. 8110 (6-16), VILL BADHAWAR, TEHSIL BARWALA, DISTT. HISAR, HARYANA, PIN- 122121 UTIB0002276
AXIS BANK BAY NO. 39-40, SECTOR – 2, PANCHKULA-134109 HARYANA UTIB0SPKL01

FAQ’s About Barwala Car Loan

Which car can I get with a Car Loan Barwala?

Car loan Barwala 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.

✅ What methods do I have for repaying my auto loan?

Standing Instruction, Electronic Clearing Service, and Post-Dated Cheques are some methods for repaying your Car Loan.

✅ Where can I get an interest calculator?

You can use the EMI calculator available on the Dialabank website. The interest rate can be received by filling out an application for a loan, which will need you to provide some information, depending on which interest rates will be given.