Car Loan Bilha

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Car Loan Bilha

Best Banks for Car Loan in Bilha


car loan

Car Loan Bilha 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

Would you like to own your own automobile in a dream? Don’t have any money, however? The financial services of Dialabank enable clients to assess, analyse and select the best available loan. Just apply with Dialabank for the car loan. You obtain a reasonable interest rate if your CIBIL is good and also a high loan payback duration.

All banks and NBFCs have car loans ready. The loan for the exhibition price may be obtained and also a loan for the on-road price can be obtained, if necessary.

Car Loan Bilha


car loan

Car Loan Bilha 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 Bilha EMI Calculator

Car Loan Bilha 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 Bilha Fees and Charges: Leading Banks – Jul 02 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 Bilha 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.


car loan

How to Get the Best Car Loan Interest Rates in Bilha

The interest rates on vehicles lending given in Bilha by various lenders may vary, but all are reasonable and competitive. If you want the lowest interest rate in Bilha for a car loan, take the following steps:

  • Choose a shorter pay-back period – lenders see longer payback terms as reflecting the low pay-back capacity of a borrower, therefore charging higher interest rates. Therefore, consider a shorter payment time if you want to save money on your car loan.
  • Research and compare the benefits supplied by various donors – You have to seek and evaluate the advantages provided by other lenders if you want the best deal with a car loan. This can allow you to choose which lenders offer the lowest interest rates and the minimal costs to pick from.
  • Maintain a small ratio between debt and revenue – The debt-to-income ratio shows how much of the applicant’s income goes towards reimbursement of the loan. It is essential because creditors use it to establish their interest rates. Therefore, decrease your debt-to-income ratio and increase your probability of a low-interest car loan.
  • Keep your credit score well — with solid credit, lenders will provide you with an affordable car loan. Lenders think that a loan score of more than 750 is solid. Many lenders may provide car loans to negative credit individuals, however in such a situation the tax rate is greater. With the “Free Credit Score” service at Dialabank, you may periodically check your credit ratings to ensure that you get decent credit.

How to Apply for Car Loan in Bilha?

  1. Dialabank Visit
  2. Go to Loan and pick a car loan and a car loan link. Go to the Loan section.
  3. Provide all your details, your phone number included.
  4. You will be called by our specialists and guided further by them.
  5. If you have any questions about your loan, you can also contact our contact managers at 9878981166.


car loan

Which Bank in Bilha Offers the Best Car Loans?

In Bilha there is offering car loans to several large banks and NBFC, including HDFC, ICICI and SBI. The best lender is one that can provide you with the loan at a fair rate and deliver the cash as fast as possible. Therefore, comparing car loans from several lenders before applying for a loan that matches your demands like interest rates is usually a smart idea.

Car Loan for Major Car Manufacturers in Bilha

TABLE WILL APPEAR

Processing Fees / Prepayment Charges on Car Loan Bilha

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 Bilha

In order to reduce client loan risk, each financial institution has its own requirements for the CIBIL score necessary for the Bilha Car Loan application. In order to complete a loan application, most lenders need a minimum score of 750 or higher CIBIL. The strong CIBIL score also assists loans to a lower interest rate.


car loan

Car Loan Bilha Contact Number

By calling number 9878981166 you may simply obtain a Car Loan Bilha from Dialabank.


car loan

Pre Calculated EMI Table for Car Loan Bilha

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


car loan

About Bilha

Bilha is a city in Bilaspur district in the state of Chhattisgarh, India. Bilha had a population of 8992 as estimated in the 2001 India census.


car loan

Car Loan Banks in Bilha

Bank Name Bank Address Bank IFSC Code
CENTRAL BANK OF INDIA P.O. BILHA, DIST.-BILASPUR (C.G.), DIST-BILASPUR, CHHATTISGARH-495224. CBIN0280793
CENTRAL BANK OF INDIA GRAM PANCHYAT BHAVAN VILLAGE SEWAR TEHSIL BILHA BILASPUR CHHATTISGARH CBIN0282798
HDFC BANK HDFC BANK LTDWARD NO3 AGRASEN CHOWK BILHA BILASPUR CHHATTISGARH495224 HDFC0004352
STATE BANK OF INDIA BILHA,MANDI ROAD,BILHA,DISTBILASPUR495224 SBIN0012126
UNION BANK OF INDIA AT BILHA, POST AMAHINOTA,BHERAGAHAT ROAD, DIST.JABALPUR,MADHYA PRADESH, PIN – 482 004. UBIN0541273

FAQ’s About Bilha

✅ Can I apply for a Car Loan for a secondhand car?

Yes, many banks allow the facility to avail Loans for pre-used cars. A used car will be less than 3 years old ideally. But Loans on a pre-used car are unsecured. So though it is cheaper to get Loans on them and the cost is relatively low, they can be harder to finance.

✅ What is the maximum loan amount I can avail of from a Car Loan?

Most banks and lenders offer up to 80-90% of the on-road price of the vehicles. And some banks offer Loans up to 100% on the ex-showroom price of the vehicle as well. But it varies from bank to bank. There are also other criteria that banks follow to decide the maximum loan amount. But it is better to make a small down payment and not avail the entire amount as a loan.

✅ What is the tenure for Car Loans?

Car Loans are secured loans that can be taken for a mid tenure ranging from 1 to 5 years. Some banks also offer Loan up to 7 years. But it is at your discretion to decide the Loan tenure. The higher the loan tenure, the lower will be the EMI amount and vice-versa.