Car Loan Bijoynagar

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Car Loan Bijoynagar

Best Banks for Car Loan in Bijoynagar


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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


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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


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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


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Car Loan Bijoynagar 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 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.


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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.


car loan

Which Bank in Bijoynagar Offers the Best Car Loans?

Vehicle loans are available from some large banks and NBFCs in Bijoynagar, including HDFC, ICICI, 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
>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


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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.


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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.


car loan

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


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About Bijoynagar

Car Loan Bijoynagar

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


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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
ICICI BANK LIMITED ICICI 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.