Car Loan Beas

Best Banks for Car Loan in Beas

Car Loan Beas 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 Beas

Car Loan Beas 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 Beas EMI Calculator

Car Loan Beas 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 Beas Fees and Charges: Leading Banks – Jun 10 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 Beas 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 Beas

The interest rates on vehicle loans offered by different lenders in Beas may vary, but they are all reasonable and competitive. If you want to get a Car Loan in Beas 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 Beas?

Availing of a Car Loan in Beas 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 inturn contact our relationship managers on 9878981166

Which Bank in Beas 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 Beas

TABLE WILL APPEAR

Processing Fees / Prepayment Charges on Car Loan Beas

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 Beas

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 Beas.

Car Loan Beas Contact Number

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

Pre Calculated EMI Table for Car Loan Beas

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 Beas

Beas is a town in Punjab. It comes under the district of Amritsar and as the name suggests this town is based on the banks of the river Beas. With Dialabank providing its services to every part of the country, it is now feasible to have access to Car Loans.

Car Loan Banks in Beas

Bank Name	Bank Address	IFSC Code
ALLAHABAD BANK	BDS MARKET, G.T. ROAD, VILLAGE & PO BEAS, DISTRICT AMRITSAR, PIN 143201	ALLA0212401
ALLAHABAD BANK	BDS MARKET, G.T. ROAD, VILLAGE & PO BEAS, DISTRICT AMRITSAR, PIN 143201	ALLA0212410
CENTRAL BANK OF INDIA	G.T. ROAD, BEAS AMRITSAR PUNJAB 143201	CBIN0280358
CANARA BANK	RADHA SOAMI SATSANG COLONY, DERA BABAJAIMAL SINGH, 143204	CNRB0002338
HDFC BANK	HDFC BANK LTD CHEEMA BUILDING, G.T.ROAD NR.MAHARAJA SAWAN SINGH HOSPITAL	HDFC0001823
IDBI BANK	GEE ESS ELECTRICAL COMPLEX, NEAR BAWA NIWAS, G.T.ROAD, BEAS, DIST- AMRITSAR-143201	IBKL0000686
Private BANK LIMITED	Private BANK LTD, ADJ. MILITARY STATION GATE, G.T. ROAD, BEAS, DIST. AMRITSAR, PUNJAB 143201	ICIC0001628
PUNJAB AND SIND BANK	VILLAGE WAZIR BHULLAR, TEHSIL BEAS, DISTT.AMRITSAR, PUNJAB 143201	PSIB0021274
PUNJAB NATIONAL BANK	MAHARAJA SAWAN SINGH CHARITABLE	PUNB0470100
PUNJAB NATIONAL BANK	DISTT. AMRITSAR- 143204	PUNB0652800
UNION BANK OF INDIA	BEAS, JALANDHAR, PUN	UBIN0563668

FAQ’s About Beas Car Loan

✅ Which car can I get with a Car Loan Beas?

A Car Loan Beas 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.

✅ Is it okay 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 vehicle.

✅ What all is not covered in a Car Loan?

A Car Loan does not cover the insurance and registration costs, as it is mandatory to be paid for separately.

✅ Where can I get an Interest Calculator for a Car Loan?

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.