Car Loan Bikramganj

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Car Loan Bikramganj

Best Banks for Car Loan in Bikramganj


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Car Loan Bikramganj 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 Bikramganj


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Car Loan Bikramganj 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


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Car Loan Bikramganj EMI Calculator

Car Loan Bikramganj 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 Bikramganj Fees and Charges: Leading Banks – Jul 05 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


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Car Loan Bikramganj 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.


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How to Get the Best Car Loan Interest Rates in Bikramganj

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

  • Choose a shorter repayment period — Many applicants for car loans feel that longer repayment durations should be preferable because the monthly EMI is cheap. Unfortunately, lenders are not aware that lengthy payback periods show the low repayment capacities of a borrower, thus greater interest rates are charged. Therefore, consider a shorter payment time if you want to save money on your car loan.
  • Search and compare the advantages of various lenders – If you want a decently constructed car credit contract, first of all, you must explore and compare the advantages of various lenders. This helps you to determine which creditors have the best interest rates and which creditor to pick from.
  • Keep a small debt-to-income ratio – The ratio of debt-to-income measures the amount of the applicant’s income towards loan repayment. Therefore you have a greater chance of receiving a reduced-interest-rate car loan if your debt-to-revenue ratio is lower.
  • Keep your credit score excellent – if you have a strong credit score, you will be glad to provide a car loan that has reduced interest rates. Lenders think that a loan score of more than 750 is solid. Many lenders can lend their cars to badly credited customers but require a higher rate. To ensure a good credit score, check your credit score periodically using the Free Credit Score service of Dialabank. This enables you to make corrections to improve your credit score if it is low and enables you to confidently contact creditors if your credit score is good.

How to Apply for Car Loan in Bikramganj?

The process is straightforward for applying for a dialabank car loan. To apply for a Car Loan, follow the necessary steps:

  • Check out our Dialabank website.
  • Click the vehicle credit option and choose the car credit option from the menu.
  • Complete your data in the loan application form with the relevant details.
  • Our experienced staff will be able to contact you soon.
  • You can also phone 9878981166 or visit the nearest branch.


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Which Bank in Bikramganj Offers the Best Car Loans?

In Bikramganj there is the offering of car loans for several large banks and NBFC’s, including HDFC, ICICI and SBI. The best creditor is one to supply you with the loan you need at a fair rate and to pay the money as soon as possible. It’s usually a good idea now, before applying for one that fulfils all your demands, such as interest prices, to compare auto loans from various providers.

Car Loan for Major Car Manufacturers in Bikramganj

TABLE WILL APPEAR

Processing Fees / Prepayment Charges on Car Loan Bikramganj

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 Bikramganj

The score of CIBIL represents the prior credit history of the borrower and your failure to repay your past debts. A decent credit score is 750 and above, as most financial institutions want a high credit score. Nearly every NBFC and bank has various requirements to handle your loan for a minimal CIBIL mark.


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Car Loan Bikramganj Contact Number

For questions regarding the car loan for Bikramganj, please call 9878981166 for help.


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Pre Calculated EMI Table for Car Loan Bikramganj

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 Bikramganj

Bikramganj is a Nagar panchayat city in the state of Bihar. It falls under the district of Rohtas. The city has a population of around 60,000.

Special Note: Banks do not provide Car Loans to bad credit holders, but one can easily fulfil their money requirement with Gold Loan.


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Car Loan Banks in Bikramganj

BANK NAME BANK ADDRESS BANK IFSC CODE
ALLAHABAD BANK ALLAHABAD BANK, ARUN MARKET, SASARAM ROAD, BIKRAMGANJ, DIST. ROHTAS ALLA0213224
BANK OF BARODA ARRAH BIKRAMGANJ ROAD, BIKRAMGANJ, DIST ROTHAS, BIHAR 802212. BARB0BIKRAM
CENTRAL BANK OF INDIA AT & POST BIKRAMGANJ, DIST- ROHTAS, BIHAR-802212 CBIN0280041
CANARA BANK GROUND FLOOR, SARYU COMPLEX, ARRAH ROAD BIKRAMGANJ, DISTT.ROHTAS (BIHAR) PIN 802212 CNRB0004191
HDFC BANK BAHUDAR FUEL SERVICE STATION SASARAM ROAD BIKRAMGANJ BIHAR 802212 HDFC0004421
AXIS BANK GR FLR, CHUNNU MARKET, SASARAM RD, NEAR PANI TANKI UTIB0003512

FAQ’s About Bikramganj Car Loan

✅ What are the options for repaying my Loan?

There are three options of repaying Car loam – Standing Instruction (SI), Electronic Clearing Service (ECS), and Post-Dated Cheques (PDCs). But is better to repay your Loan using the first two options because they are speedier and have a lower risk of error.

✅ What is the maximum amount of Car Loans available?

You can avail of up to 100% of the ex-showroom price of your vehicle. But it depends upon your repayment history and your overall profile.

✅ What is the maximum loan tenure for a Car Loan?

The Loan tenure varies on a variety of factors. Banks offer loans for a maximum period of 84 months. But it is ultimately your discretion whether you want to increase your repayment tenure or have a shorter repayment tenure. The longer the repayment tenure, the lower the EMI and the shorter the repayment tenure, the higher the EMI.