Best Banks for Car Loan in Bhodipura
⍟ Loan Approval in 30 Minutes Applying for a car loan has never been easier or more convenient. You may submit the car loan application form online in just a few clicks. Almost all banks now provide auto loans with low interest rates. It is now quite simple to obtain a car loan and worth of the company EMIs without depleting one’s financial resources, depending on one’s affordability. The car loan eligibility requirements are as follows in Bhodipura:
7.35% per annum Documents required for car loan are as follows: Varied lenders in Bhodipura offer different interest rates on automobile loans, but they are all sensible and competitive. Follow the steps below to secure a car loan in Bhodipura with the lowest interest rate: Dialabank makes getting a car loan in Bhodipura a simple process. To take advantage of the best deals, follow these steps: Car loans Bhodipura provides several large banks and NBFCs, including HDFC, Private, and SBI. The best lender will be able to give you the loan amount you require at a reasonable interest rate and will be able to release the funds as soon as possible. As a result, it’s a good idea to evaluate auto loans from various lenders before applying for one that fulfils all of your requirements, such as interest. TABLE WILL APPEAR The CIBIL score is a value that determines your ability to repay your debts. A higher credit score indicates a positive credit history and facilitates the processing of your vehicle loan application. Most banks and NBFCs in Bhodipura consider a credit score of 750 or higher to be a good score when approving the application for a loan. From one bank to another, this score may differ. For example, you may be charged a high interest rate on the loan amount if your CIBIL score is lower than the required number; however, if your CIBIL score is great, you may be charged a low interest rate. As a result, while applying for a car loan, a CIBIL score is an important factor to consider. If you have any queries about the car loan in Bhodipura, you may contact the number 9878981166 for any assistance. The village of Bhodipura is found in the Rampura Phul Tehsil of the Bathinda district of Punjab, India. It is 32 kilometres from the Rampura sub-district headquarters. Unless otherwise stated, practically all small to medium-sized automobiles, Commercial Vehicle Loans, Sports Utility Vehicles (SUVs), and Multi Utility Vehicles (MUV) are eligible for car loans in India. However, as previously stated, exceptions to this regulation can be found in the loan brochure. Almost every car loan accessible in India is a secured loan, with the purchased vehicle serving as the standard security. Most Indian lenders do not demand guarantors; nevertheless, if your annual income does not meet the minimum threshold, you may be required to sign up as a co-applicant. The higher the vehicle’s size, the higher the expenditures of maintenance, gasoline, and even security. Based on previous experience, we believe that consumers should limit their auto loans to no more than 20% of their monthly income. If you earn Rs 20,000 per month, your automobile EMI should not be more than Rs 4000 per month.
Car Loan Bhodipura Features
⍟ 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 Bhodipura Eligibility Criteria
Salaried Individual
Net Monthly Income – Minimum ₹ 20,000
Employment Duration – 1-year minimum
Income Eligibility – Based on Form 16 and salary slip
Self-Employed Individuals
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)
Employment Duration – 3 years minimum
The applicant has to present IT returns and audited financials of 2 years with Calculated Income.
Priority Customers
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 Bhodipura EMI Calculator
Car Loan Bhodipura Fees & Charges
Charges
New Car Loan
Used Car Loan
Interest Rate
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 Bhodipura Fees and Charges : Leading Banks – Apr 20 2024
Bank
Processing Fee
HDFC Bank Car Loan
(1999 - 4999) + Tax
Axis Bank Car Loan
1 % to 2.50%
Nil
Private Bank Car Loan
0.25% to 1.50%
SBI Car Loan
500/- to 0.50%
Nil
Kotak Car Loan
1% to 2%
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 Bhodipura Documents Required
Salaried Individual
Category
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)
Birth Certificate
High School Marksheet
Driving Licence
Signature Proof(Any 1)
Bankers Verification
Passport
Income Proof
Bank Statement
Employment Continuity Proof
ITR of Form no. 16
Salary Slip mentioned with joining date
Letter of Appointment
Self-Employed Individuals
Category
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)
Bankers Verification
Passport
Bank Statement
Employment Continuity Proof
Shop & Establishment Act Certificate
Shop & Establishment Act Certificate
Sales Tax or VAT Certificate
Business Proof
Telephone Bill/Electricity Bill
Shop & Establishment Act Certificate
SSI or MSME Registration Certificate
Self-Employed Non-Individuals:
1. Partnership Firms/Societies
Category
Identity Proof (Any 1)
Driving Licence
PAN Card
Aadhar Card
Passport
Address Proof (Any 1)
Aadhar Card
Driving License
Voter ID
Income Proof
P&L Account
ITR for the previous 2 years
Bank Statement
Last 6 month
Business Continuity Proof
Audited Balance Sheet
TAX registration Certificate
Current Account Statement
Additional documents
2. Private Limited/Limited Companies
Category
Identity Proof
Copy of Incorporation
Address Proof (Any 1)
Telephone Bill
Electricity Bill
Shop & Establishment Act Certificate
Sales Tax Certificate
Income Proof
P&L Account and ITR for the previous 2 years
Bank Statement
Previous 6 Months
Business Continuity Proof
ITR of the Company of the past 2 years
Audited Balance Sheet
Shop & Establishment Act Certificate
Additional documents
Board Resolution
PAN Card
Certificate of Commencement of Business for Ltd. Co.
How to Get the Best Car Loan Interest Rates in Bhodipura
How to Apply for a Car Loan in Bhodipura?
Which Bank in Bhodipura Offers the Best Car Loans?
Car Loan for Major Car Manufacturers in Bhodipura
Processing Fees / Prepayment Charges on Car Loan Bhodipura
Category
Details
Processing Charges
Prepayment
Preclosure
Stamp Duty
Cheque Bounce Chgs
Floating Rate of Interest
Not Applicable
Overdue EMI Interest
Amortisation Schedule Chgs
Rs 200 + GST
CIBIL Score Required for Car Loan in Bhodipura
Car Loan Bhodipura Contact Number
Pre Calculated EMI Table for Car Loan Bhodipura
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 Bhodipura
FAQ’s About Bhodipura Car Loan
✅ In India, which automobile models are funded by a regular car loan?
✅ Do I need a guarantor or security when applying for a car loan?
✅ How much of a car loan can I get?