Car Loan Bastar

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Car Loan Bastar

Best Banks for Car Loan in Bastar

Feature
HDFC Bank
ICICI 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

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

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


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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

Car Loan Bastar 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 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.


car loan

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


car loan

Which Bank in Bastar Offers the Best Car Loans?

Many major banks, including HDFC, ICICI, 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
>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


car loan

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.


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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.


car loan

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

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
ICICI BANK LIMITED ICICI 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

FAQ’s About Bastar Car Loan

✅ Is a car loan Bastar 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 car loan Bastar on my current vehicle?

If you have a decent repayment history with your current lender, many lenders will grant you a loan on your vehicle.

✅ What all is not covered in a car loan Bastar?

A car loan does not cover the insurance and registration costs, as it is necessary to be paid for separately.