Car Loan Bijoynagar

Best Banks for Car Loan in Bijoynagar

Car Loan Bijoynagar 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 Bijoynagar

Having a car used to be considered a status symbol. However, in today’s economically developing world, an automobile is both a need and a convenience for getting around the ever-expanding city. Though not everyone has the financial means to acquire a car in one lump sum, various lenders can assist you in realizing your dream of owning a car through a car loan. Dialabank will help you choose the perfect car loan.

Car Loan Bijoynagar

Car Loan Bijoynagar Eligibility Criteria

The car loan eligibility requirements are as follows in Bijoynagar:

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 Bijoynagar EMI Calculator

Car Loan Bijoynagar 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 Bijoynagar Fees and Charges: Leading Banks – Apr 26 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 Bijoynagar Documents Required

Documents required for a car loan are as follows:

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 Bijoynagar

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

Choose a shorter repayment period – Many vehicle loan applicants assume that longer repayment terms are preferable because the EMI (equated monthly installment) is low.
Investigate and compare the benefits provided by various lenders. If you want to secure a good deal on an auto loan, you must first investigate and compare the benefits provided by other lenders.
Maintain a low debt-to-income ratio – The debt-to-income ratio is a calculation that lenders use to determine how much of an applicant’s income goes toward loan repayment.
Maintain an excellent credit score – If you have a good credit score, lenders will be happy to provide you with a car loan with lower interest rates. Lenders consider a credit score of 750 or higher to be good. Conversely, many lenders may provide negative credit borrowers auto loans, but they will charge a higher interest rate. To ensure a decent credit score, check your credit scores regularly using Dialabank’s “Free Credit Score” service. If your credit score is poor, you’ll be able to take steps to improve it, and if your credit score is strong, you’ll be able to approach lenders with confidence.

How to Apply for a Car Loan in Bijoynagar?

Availing of a car loan in Bijoynagar is an easy process with DialaBank. Follow the following steps to avail of the best offers:

Visit our website Dialabank.
Select the option for a car loan from the menu.
Fill in the facts about the vehicle and your earnings.
Would you please wait for our relationship manager to contact you at the phone number you provided?
If you have any questions about the loan, you can call our relationship managers at 9878981166.
To apply for a car loan offline, you must go to the branch in person, which may be inconvenient.

Which Bank in Bijoynagar Offers the Best Car Loans?

Vehicle loans are available from some large banks and NBFCs in Bijoynagar, 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. Therefore, before applying for a vehicle loan that fits all of your criteria, such as interest rates, it is usually a good idea to compare vehicle loans from various lenders.

Car Loan for Major Car Manufacturers in Bijoynagar

TABLE WILL APPEAR

Processing Fees / Prepayment Charges on Car Loan Bijoynagar

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 Bijoynagar

The CIBIL score is a number 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 Bijoynagar consider a credit score of 750 or higher to be good when approving your loan application.

This score may differ from one bank to the next. If your CIBIL score is lower than the required number, You will need to pay a high-interest rate on loan; however, if your CIBIL score is strong, you may be asked to pay a low interest rate. As a result, a CIBIL score is a crucial consideration when applying for a car loan.

Car Loan Bijoynagar Contact Number

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

Pre Calculated EMI Table for Car Loan Bijoynagar

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 Bijoynagar

Car Loan Bijoynagar

Bijoynagar is a town in the Kamrup district. It is on the south bank of the river Brahmaputra.

Car Loan Bank in Bijoynagar

CENTRAL BANK OF INDIA	P.O. BIJOYNAGAR, DIST-KAMRUP, ASSAM-781122	CBIN0280003
CENTRAL BANK OF INDIA	VILLAGE BIJOY NAGAR, P.O. BAHADURPUR, DIST-BURDWAN, WEST BENGAL-713374	CBIN0282691
HDFC BANK	HDFC BANK LTD NH-37, BIJAYNAGAR, BIJOYNAGAR ASSAM 781122	HDFC0002897
Private BANK LIMITED	Private BANK LTD., TILOK NIWAS, N.H-37, NEAR FISH MARKET, BIJOY NAGAR – 781122, KAMRUP DIST., ASSAM	ICIC0002721
INDIAN BANK	37 NATIONAL HIGHWAY BIJAYNAGAR UPARHALI BIJAYNAGAR 781122	IDIB000B124
SYNDICATE BANK	N H 37,BIJOYNAGAR POST,KAMARUP RURAL DIST,BIJOYNAGAR,ASSAM,781122,INDIA	SYNB0007340

FAQ’s About Bijoynagar Car Loan

✅ What types of vehicles can I purchase with a Car Loan in Bijoynagar?

Car loans can buy various passenger vehicles, including SUVs (Sport Utility Vehicles), MUVs (Multi Utility Vehicles), and other vehicles. You can also get a car loan in Bijoynagar to acquire a vehicle for business purposes. Truck, tractor, and construction equipment loans are also available from some lenders.

✅ Is it possible to acquire a loan in Bijoynagar on my Current Vehicle?

Yes, many lenders will issue you a loan on your present vehicle if you have a good payment history with your current lender.

✅ What is the maximum amount of time you may borrow money for a car?

The majority of banks provide car loans for a maximum of seven years. Therefore, your EMI for a car loan will be lower if you opt for a longer payback period. On the other hand, Longer loan terms raise the amount of interest paid, making your auto loan more expensive. The amount of your monthly EMI is determined by your income and expenses.