Car Loan Bawal

Best Banks for Car Loan in Bawal

Car Loan Bawal 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 Bawal

Car Loan Bawal 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 Bawal EMI Calculator

Car Loan Bawal 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 Bawal Fees and Charges: Leading Banks – Jun 08 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 Bawal 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 Bawal

The interest rates on vehicle loans offered by different lenders in Bawal may vary, but they are all reasonable and competitive. If you want to get a Car Loan in Bawal with the lowest interest rate, follow the steps below:

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 Bawal?

Availing of a Car Loan in Bawal 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 cell number.
You can also inturn contact our relationship managers on 9878981166

Which Bank in Bawal 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 Bawal

TABLE WILL APPEAR

Processing Fees / Prepayment Charges on Car Loan Bawal

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 Bawal

A better credit score means decent 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 Bawal.

Car Loan Bawal Contact Number

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

Pre Calculated EMI Table for Car Loan Bawal

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 Bawal

Bawal is a city in the state of Haryana. It falls under the National Capital Region (NCR). Bawal is a part of the Rewari district.

Car Loan Banks in Bawal

Bank Name	Bank Address	IFSC Code
ALLAHABAD BANK	ALLAHABAD BANK, OPP. HARYANA SURAJ MALTING LTD., REWARI ROAD, BANNIPUR CHOWK, BAWAL, DIST- REWARI. HARYANA, PIN- 123010003	ALLA0212615
CENTRAL BANK OF INDIA	SIR CHOTTU RAM CHOWK, DIST- REWARI, HARYANA-123501	CBIN0283627
CENTRAL BANK OF INDIA	PANCHAYAT BHAVAN, PO BAGTHALA, TEHSIL BAWAL, HARYANA – 123501.	CBIN0284999
CORPORATION BANK	HOUSE NO.56A, WARD NO.13 RAILWAY ROAD, SIR CHHOTU RAM CHOWK, BAWAL, REWARI 123501 HARYANA	CORP0001799
HDFC BANK	BAWAL HDFC BANK LTD 193, RAILWAY ROAD BAWAL PIN 123501	HDFC0002364
HDFC BANK	HDFC BANK LTD DELHI JAIPUR HIGHWAY RD NR BAWAL INDL AREA VILL ASALWAS P O BAWAL REWARI HARYANA123501	HDFC0003985
Private BANK LIMITED	Private BANK LTD., PARVATI BUILDING, NEAR NEW SUBJI MANDI, REWARI ROAD, BAWAL – 123501, REWARI DIST., HARYANA	ICIC0002141
INDIAN BANK	NEAR BHARAT PETROL PUMP, REWARI ROAD BAWAL	IDIB000B203
STATE BANK OF INDIA	REWARI HARYANA 123501	SBIN0006238
STATE BANK OF INDIA	NEAR BAWAL AUTO FUEL,REWARI ROAD,BAWAL DISTT REWARI HARYANA 123501	SBIN0032440
SYNDICATE BANK	THANA ROAD,BAWAL,,,REWARI,HARYANA,123 501	SYNB0008260
AXIS BANK	GR FL KHEWAT NO 418 KHATAUNI NO 502 KILLA NO 29 REWARI ROAD BAWAL DIST REWARI HARYANA	UTIB0002873
AXIS BANK	GR FLR, KHEWAT NO, 3 KHATONI, NO 3, RECT NO 33, KILA NO 8 (8-18), VIL SUTHANI, TEHSIL BAWAL, DIST REWARI 123501	UTIB0003951
YES BANK	GROUND FLOOR, KHASRA NO 8328, SHOP 1 AND 2, BABU MARKET COMPLEX, WARD NO 13, RAILWAY ROAD, VPO-BAWAL, BAWAL, HARYANA-123501	YESB0000141

FAQ’s About Bawal 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 forgiven.

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

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

✅ What alternatives do I have for repaying my Car Loan?

Standing Instruction, Electronic Clearing Service, and Post-Dated Cheques are some options available.

✅ Is a guarantor required for a Car Loan?

Most lenders will not ask for a guarantor. If your income falls below the required minimum, lenders may want you to offer a guarantee to demonstrate that you will be able to repay the loan.