Car Loan Barwani

Best Banks for Car Loan in Barwani

Feature	HDFC Bank	Private Bank	Kotak Mahindra Bank
Interest Rate (p.a.)	7.35% - 7.95 %	8.5 - 9.5 %	11%
Min Loan Amt	Metro : 1 Lac & Non Metro: 75000	75000	75000
Max Loan Amt	1 Cr	1 Cr	1 Cr
Loan Tenure	Upto 7 Years	Upto 5 Years	Upto 5 Years
Processing Fee	1999 - 4999 + Tax	0.25% to 1.50%	0.25% to 1.50%
Preclosure Chgs	2%, Nil after 24 months	2%, Nil after 36 months	Nil
Loan to Value (LTV)	Upto 100% on Ex- showroom	Upto 95% on Ex- showroom	Upto 90% on Ex- showroom

Car Loan Barwani 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 Barwani 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

Car Loan Barwani EMI Calculator

Car Loan Barwani 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

Car Loan Barwani Fees and Charges: Leading Banks – Mar 21 2023

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
Private 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 Barwani 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.

How to Get the Best Car Loan Interest Rates in Barwani

The interest rates on vehicle loans offered by different lenders in Barwani may vary, but they are all reasonable and competitive. If you want to get a Car Loan in Barwani with the lowest 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 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 CIBIL score — Lenders consider a credit score of above 750 to be decent, as such a score indicates that you have a healthy repayment habit.

How to Apply for a Car Loan in Barwani?

Availing of a Car Loan in Barwani is an easy 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 mobile number.
You can also contact us on 9878981166.

Which Bank in Barwani Offers the Best Car Loans?

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.

Car Loan for Major Car Manufacturers in Barwani

TABLE WILL APPEAR

Processing Fees / Prepayment Charges on Car Loan Barwani

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
Prepayment Charges	>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

CIBIL Score Required for Car Loan in Barwani

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 Barwani. This score required differs from bank to bank.

Car Loan Barwani Contact Number

In case of any queries regarding the Car Loan in Barwani, you may contact on the number 9878981166 for any assistance.

Pre Calculated EMI Table for Car Loan Barwani

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 Barwani

Barwani is a town and a municipality in Barwani district in the state of Madhya Pradesh, India. Bawangaja, a Jain pilgrimage place, is very closely located to Barwani. Barwani has a population of roughly 55,504.

Car Loan Banks in Barwani

Bank Name	Bank Address	IFSC Code
AU SMALL FINANCE BANK LIMITED	98 10 D KUNDIA PALACE MG ROAD NEAR AXIS BANK BADWANI 451551	AUBL0002310
BANK OF BARODA	NEAR JAIN MANDIR CHOURAHA, JAWAHAR MARG, BARWANI, MADHYA PRADESH 451551	BARB0BARWAN
DENA BANK	BARWANI BRANCH, ZANDA CHOWK, BARWANI, MADHYA PRADESH	BKDN0810777
BANK OF INDIA	PADMAVATI COMPLEX, NEAR PANJATANIYA SCHOOLJAIN MANDIR CHAURAHA, BARWANI, M.P.	BKID0009922
BANK OF INDIA	LDO BARWANI INDORE	BKID000L047
CENTRAL BANK OF INDIA	OPPOSITE DISTRICT HOSPITAL BARWANI (MP) BARWANI MP 451551	CBIN0283367
CANARA BANK	CANARA BANK, CO DAYABHAI & CO, JAWAHAR MARG, BARWANI 451 551 DIST. BARWANI, M.P.	CNRB0003387
CORPORATION BANK	NORTH AVENUE PLAZA PLOT NO-B, ANJAD ROAD BARWANI	CORP0001906
HDFC BANK	PLOT B NORTH AVENUE PLAZA ANJAD ROAD BARWANI MADHYA PRADESH 451551	HDFC0004042
IDBI BANK	ANJAD ROAD, GROUND FLOOR, PLOT NO. A BARWANI, M.P.	IBKL0001323
Private BANK LIMITED	13210, RAJGHAT ROAD, BARWANI, M.P. 441551	ICIC0000490
INDIAN BANK	831 DEVISINGH MARG BARWANI 451551	IDIB000B134
INDUSIND BANK	71, M. G. ROAD, NEAR SATYANARAYAN MANDIR, BARWANI 451 551	INDB0000242
STATE BANK OF INDIA	DISTBARWANI MADHYA PRADESH 451551	SBIN0006074
STATE BANK OF INDIA	RAJPAL COMPLEX B ROAD SENDHWA	SBIN0010798
STATE BANK OF INDIA	STATE BANK OF INDIA 428 WARLA TEHSIL SENDHAWA DIST BARWANI. MADHYA PRADESH451666	SBIN0017115
STATE BANK OF INDIA	10 BY 10,M.G.ROAD,BARWANI	SBIN0030030
STATE BANK OF INDIA	15A, SAINATH COLONY, ANJAD NAKA, BARWANI	SBIN0030509
SYNDICATE BANK	60 BY 1 NEW BUS STAND RAJGHAT ROAD BARWANI 451551	SYNB0007892
UNION BANK OF INDIA	TULSIRAM MARG GANDHI AUTO DEAL PREM BARWANI MADHYA PRADESH PIN 451551	UBIN0576620
AXIS BANK	KUNDIYA PALACE, OPP. OLD ROADWAYS DEPOT, KHANDWA-BARODA ROAD, BARWANI – 451551	UTIB0001313
YES BANK	GROUND FLOOR, HOUSE NO. 55, BLOCK NO. 4663A, DEVI SINGH MARG, BARWANI, MADHYA PRADESH, PIN- 451551	YESB0000674

FAQ’s About Barwani Car Loan

✅ Is a Car Loan forgiven in case the applicant passes away?

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

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

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 ways for repaying your loan.

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

The car you are going to purchase or any other thing like papers of your house or gold can be produced as security.

✅ 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 calculated.

Buy your dream Car