Car Loan Bastar

Best Banks for Car Loan in Bastar

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 Bastar 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 Bastar

Car Loan Bastar 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 Bastar EMI Calculator

Car Loan Bastar 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 Bastar Fees and Charges: Leading Banks – Apr 18 2024

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 Bastar 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 Bastar

The interest rates on car loans offered by various lenders in Bastar may differ, but they are all quite lucrative. If you want to get a car loan in Bastar with the ideal interest rate, follow the given steps:

Check different lenders and their offers – Every lender offers different types of offers. Make sure you do detailed research before choosing 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.

How to Apply for a Car Loan in Bastar?

Choosing a car loan in Bastar is a simple process with Dialabank. Few steps to be followed are:

Go to our website Dialabank.
Click on the car loan option.
Provide the details of the vehicle you wish to buy and your income details.
Our relationship manager will soon call you on your mobile number.
You can also inturn contact our relationship managers anytime on 9878981166

Which Bank in Bastar Offers the Best Car Loans?

Many major banks, including HDFC, Private, and SBI, offer vehicle loans here. The best lender is one that can provide you with the loan amount you require at a lucrative interest rate and can hand out the funds as quickly as possible.

Car Loan for Major Car Manufacturers in Bastar

TABLE WILL APPEAR

Processing Fees / Prepayment Charges on Car Loan Bastar

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 Bastar

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 Bastar.

Car Loan Bastar Contact Number

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

Pre Calculated EMI Table for Car Loan Bastar

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 Bastar

Bastar is located in the state of Chhattisgarh. It is known for its beautiful forests and tribal culture, and also for its beautiful waterfalls such as the Chitrakote waterfalls. Its population is around 14.2 lakhs.

Car Loan Banks in Bastar

Bank Name	Bank Address	IFSC Code
ANDHRA BANK	MAIN ROAD, NH 30, KESHKAL VILLAGE AND TEHSIL, BASTAR DISTRICT, CHATTISGARH 494331	ANDB0002494
BANK OF BARODA	PANCHAYAT BHAVAN DILMILI JAGDALPUR BASTAR CHHATTISGARH 494442	BARB0DILMIL
BANK OF BARODA	VILLAGE MADHOTA TEHSIL BASTAR CHHATTISGARH 494223	BARB0MATHOT
BANK OF INDIA	PURANA PRATHAMIK SCHOOL FRNGPARA IN FRONT OF MASZID VILLAGE BALENGA PIN 494347	BKID0009044
CENTRAL BANK OF INDIA	AT & PO MARKEL, TEHIL GADALPUR, PIN 494001, BASTAR, CHHATTISGARH	CBIN0284074
IDBI BANK	VILLAGE ALNAR, BLOCK LOHANDIGUDA, DISTRICT BASTAR, CHHATTISGARH -494010	IBKL0002099
IDBI BANK	VILLAGE MUNDAGAON, BLOCK BASTAR, DISTRICT BASTAR, CHHATTISGARH -494224	IBKL0002100
IDBI BANK	VILLAGE ULNAR, BLOCK BAKAWAND, DISTRICT BASTAR, CHHATTISGARH -494222	IBKL0002101
Private BANK LIMITED	Private BANK LTD BASTAR BRANCH SDM ROAD RAJENDRA NAGAR WARD BASTAR CHHATTISGARH PIN 494223	ICIC0003601
PUNJAB NATIONAL BANK	BADEMARENGA, DIST BASTAR CG JAGDA 492442	PUNB0971300
STATE BANK OF INDIA	DIST BASTAR, CHATTISGARH 494228	SBIN0003756
STATE BANK OF INDIA	DIST BASTAR, CHHATTISGARH 494223	SBIN0005467
STATE BANK OF INDIA	DIST BASTARSTATE CHATTISGARHPIN 494222	SBIN0005505
STATE BANK OF INDIA	DIST BASTAR, CHHATTISGARH 494224	SBIN0006077
STATE BANK OF INDIA	DIST BASTAR, CHHATTISGARH 494223	SBIN0006215
STATE BANK OF INDIA	DIST BASTAR,CHHATTISGARH 494221	SBIN0009101
STATE BANK OF INDIA	MAHILA PRASHIKSHAN KENDRA, MAIN ROAD, PANDRIPANI, DIST.BASTAR, CHATTISGARH-494001	SBIN0018683
STATE BANK OF INDIA	CHHAPAR BHANPURI, SWASTHY KENDRA BHAVAN, CHITRAKUT ROAD, CHHAPR BHANPURI, DIST. BASTAR, CHATTISGARH-494010	SBIN0018684
STATE BANK OF INDIA	BHARTIYA MAHILA BANK LIMITED, UP DOWN ROAD, MAHURBANDPARA KANKER, CHHATTISGARH, PIN CODE494334	SBIN0032655