Car Loan Bilimora

Best Banks for Car Loan in Bilimora

Car Loan Bilimora 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

A Car Loan is a financial help offered by different banks in Bilimora and NBFCs to buy a car. The banks in Bilimora provide the necessary funding for purchasing a vehicle which can be on Ex-Showroom price or the On-Road price of the car. The interest rates and document processes were the lowest. Compare free interest rates, cost of processing and tenure and obtain approval or estimates in 30 minutes. Learn which banks provide 100% financing and have the lowest interest rates to make an informed decision.

Car Loan Bilimora

Car Loan Bilimora 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

Car Loan Bilimora EMI Calculator

Car Loan Bilimora 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 Bilimora 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 Bilimora 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.

How to Get the Best Car Loan Interest Rates in Bilimora

The rates of interest offered by various Bilimora lenders vary. If you want to get the lowest interest rate for a car loan in Bilimora, follow the following steps:

Select a shorter repayment term – a shorter repayment period will help you save money on your loan, as it is seen by banks as an indication of your repayments. Many borrowers think longer reimbursement times are better because the monthly EMI is low, but this is not always the case.
Research and comparison of the performance of the different lenders – Research by the various lenders and comparison of the offers is advisable and more prudent. This will help you if you want a decent car loan deal.
Hold a small debt to income ratio – How much of your income goes to loans repayments is measured by the debt to revenue ratio. When setting interest rates, lenders take this into account. You have a better chance to get a car loan with a smaller interest rate when your debt-to-income ratio is lower.
Maintain a good credit score – if you have a good credit score above 750 that is considered healthy, you will be glad to offer you a loan for the car at lower interest. Many lenders can lend to people with poor loans, but in that case, they charge a higher interest rate. Check the dial bank “Free Credit Score” for your credit results on a regular basis to correct your loan score if it is low.

How to Apply for a Car Loan in Bilimora?

A car loan is easy to obtain with Dialabank in Bilimora. To use the best offers, follow the following steps:

The applicant is informed of all the details of the car loan where he can select his favourite city.

Visit Dialabank
Go to the Loan section and select the Car Loan link.
The Car Loan details you can choose from will direct you to all your favourite cities.
Wait for your number soon to be contacted by our relationship manager.
If you have any questions concerning the loan, you may also contact our relationship managers on 9878981166.
To use an Offline Car Loan, you must personally come to the branch, which could make you hectic.

Which Bank in Bilimora Offers the Best Car Loans?

Many banks and NBFCs in Bilimora offer motor loans. The best lender is the one to provide the loan at a reasonable rate and to distribute the money as fast as possible. Before you apply for one that meets all your needs, such as interest rates, it’s always good to compare vehicle loans from many lenders.

Car Loan for Major Car Manufacturers in Bilimora

TABLE WILL APPEAR

Processing Fees / Prepayment Charges on Car Loan Bilimora

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 Bilimora

The score for CIBIL reflects your ability. A higher credit score means that you have a good credit history and makes it easy to handle your application for car loans. Banks and the NBFCs are generally of the opinion that your loan application process in Bilimora is approved with a credit score of 750 and above.

Again, this score can vary between banks. If a low CIBIL score exceeds the required amount, you must pay a high-interest rate on the loan amount while you may have a low rate of interest if the CIBIL score is good. Therefore, in a car loan, a CIBIL score is a key factor.

Car Loan Bilimora Contact Number

If you have any queries about the car loan in Bilimora you can ask for any help by contacting 9878981166.

Pre Calculated EMI Table for Car Loan Bilimora

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 Bilimora

Bilimora is a town on the banks of the Ambika River, located in Gujarat district of the state of Gandevi taluka and Navsari in India. You can visit our website and get the loan at low-interest rates if you wish to take a car loan Bilimora.

Car Loan Banks in Bilimora

BANK NAME	BANK ADDRESS	BANK IFSC CODE
BANK OF BARODA	JAWAHAR ROAD BRANCH,BANK OF BARODA,P.B.NO.51,JAWAHAR RD (MAIN), BILIMORA,BILIMORA,396321	BARB0BILIMO
BANK OF BARODA	GOHAR BAUG BRANCH,MAIN ROAD, GOHAR BAUG, BILIMORA, DIST. NAVSARI,BILIMORA,396321	BARB0GOHARB
CANARA BANK	CANARA BANK , SHOP NO 13, 5 AND 6, RAJVI COMPLEX BILIMORA CHIKHLI ROAD GOHARBAUG, BILIMORA (EAST) PIN – 396321 DT NAVSARI	CNRB0003809
CORPORATION BANK	5084, MAHATMA GANDHI ROAD,BILLIMORA (WEST),NAVSARI 396321 GUJARAT	CORP0001740
FEDERAL BANK	GROUND FLOOR, LABDHI SQUARE, OPP. HONEST TRADING CO., GOHARBAUG, NAVSARI DIST	FDRL0001828
HDFC BANK	GROUND FLOOR & FIRST FLOORBHERUNATH PLAZA, GOHARBAUG,CHIKHLI ROAD,	HDFC0000937
IDBI BANK	BESIDE BANK OF BARODA, GAUHARBAUG, BILIMORA – 396321, DIST. NAVSARI	IBKL0068GP3
Private BANK LIMITED	Private BANK LTD., GROUND FLOOR, BHAIRAVNATH COMPLEX, J.C PARK, MAHADEV NAGAR, BILIMORA, TALUKA. GANDEV, DIST. NAVSARI, PIN CODE – 396321.	ICIC0001382
INDIAN OVERSEAS BANK	GOUHARBAUGH ROAD,NEAR J. P. JEWELERS,BILIMORA,DIST NAVSARI PIN 396 321	IOBA0002226
KOTAK MAHINDRA BANK LIMITED	GR FLR CITY SURVEY NO 3363 3 A B LAXMIBAUG BILIMORA CHIKHLI MAIN RD DIST NAVSARI GUJARAT PIN 396321	KKBK0003032
BANK OF MAHARASHTRA	1, DHULICHAND NAGAR, COLLEGE ROAD, CHIKHLI ROAD, (OLD BAJAJ SHOW ROOM) BILIMORA-396321	MAHB0001638
PRIME COOPERATIVE BANK LIMITED	NISHCHAY COMPLEX, COLLAGE ROAD, GOHAR BAUGH, BILIMORA, DIST NAVSARI	PMEC0101313
STATE BANK OF INDIA	A BY 391,GAUHAR BAUG,MAHADEVNAGAR ROAD BILIMORA 396321 DIST NAVSARI	SBIN0060202
TAMILNAD MERCANTILE BANK LIMITED	SHOP NO 6 AND 7 , KADAMB ENCLAVE, NURSERY ROAD, BILIMORA 396 321, GUJARAT	TMBL0000461
UNION BANK OF INDIA	MAHADEV NAGAR P.O.BILLIMORA TALUKA GANDEVI DIST.VALSAD GUJARAT PIN 396321	UBIN0536989
UCO BANK	TULIP RESIDENCY, GROUND FLOOR, NR. HARSIDDHICE FACTORY, NURSERY ROAD, DEVSAR BILIMORA, D 396321	UCBA0002841
AXIS BANK	GR FLOOR SHOP NO 2492 LABDHI HOUSE GOHAR BAUG MORARJI DESAI MARG BILIMORA NAVSARIGUJARA 390013	UTIB0002997
VIJAYA BANK	RAMIBA COMPLEX,GOHARBAG,BILIMORA TAGANDEVI,DIST.NAVSARI	VIJB0007380

FAQ’s About Bilimora Car Loan

✅ What types of vehicles can I purchase from in Bilimora Car Loan?

Car Loans can be used to buy various passenger vehicles as well as for business purposes. You can buy cars like SUVs (Sport Utility Vehicles), MUVs (Multi Utility Vehicles), etc. For business purposes.

✅ What is the minimum salary required for availing of a Car Loan?

Most banks do not specify a minimum required salary to avail a Loan. You just need to meet the basic eligibility criteria of your selected bank to avail a Car Loan with them. Your debt-to-income ratio may also be checked. In case you do not meet the above-mentioned criteria, you can avail of the loan with a co-borrower or a guarantor to improve your chances of getting the Loan.