Car Loan Binola

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Car Loan Binola

Best Banks for Car Loan in Binola


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Car Loan Binola 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 Binola

Car is a commodity that safeguards against bad weather and takes you to your favourite destination. All these advantages make a person purchase a car at any cost. A car loan is the best possible option for your dreams to be fulfilled. It offers flexible terms of the loan and is a secured loan with a minimum process of documentation. Apply for a car loan with Dialabank to fulfil your need to purchase a car at an affordable interest rate. It is a secured loan and helps you arrange money for low-interest rates to buy a new or old car.

Some of the features of Car Loan in Binola are:

  • Easy monthly repayment options
  • Instantly available
  • Loan Tenure period varies from 1-7 years
  • Affordable interest Rates
  • No hidden charges
  • Quick approval with minimum documentation

Car Loan Binola


car loan

Car Loan Binola 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 Binola EMI Calculator

Car Loan Binola 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 Binola Fees and Charges: Leading Banks – May 26 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 Binola 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 Binola

Vehicle loan interest rates provided by various Binola lenders may vary, but they are reasonable and competitive. If you want to get the lowest interest rate car loan in Binola, follow the following steps:

  • Choose a shorter payment term – Many applicants believe that longer payment terms are better due to a low monthly EMI. However, you do not appear to be aware that lenders see longer payback terms as an indicator of the low repayment capacity of a borrower, so higher interest rates are charged. So, consider a shorter payment period if you want to save money on your car loan.
  • Research and compare the advantage of the various creditors – If you are going to get a decent auto loan deal, you have to examine and compare the advantages of various creditors first. This can help you figure out the best interest rates for lenders and, therefore, which lenders in Binola to choose.
  • Keep a good credit score – If you get a good credit score, the lenders will gladly offer a car credit at cheaper rates. The lenders believe that a credit rating greater than 750 is healthy. Many lenders may give people with bad credit auto loans, but they will require a higher interest rate. To ensure a good credit score in Binola, check your credit score regularly using the free credit score Dialabank service.

How to Apply for a Car Loan in Binola?

A car loan is an easy procedure for Dialabank in Binola.

  • Apply to dialabank online
  • Go to the Loan section and click on the Auto Loan link on this page.
  • You will receive all information about the car loan to select your favourite city according to your requirements.
  • You can call 9878981166 for additional information on car loans and free advice.
  • To use an Offline Car Loan, you must personally come to the branch, making you hectic.


car loan

Which Bank in Binola Offers the Best Car Loans?

Many large banks and NBFCs in Binola offer vehicle loans, including the HDFC, ICICi and SBI. The best lender is the one to provide the loan at a reasonable rate and to distribute the money as fast as possible. It’s always good to compare vehicle loans from many lenders in Binola. So before applying for one that meets all your needs, such as interest rates.

Car Loan for Major Car Manufacturers in Binola

TABLE WILL APPEAR

Processing Fees / Prepayment Charges on Car Loan Binola

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 Binola

The CIBIL Score reflects your past credit history as well as your previous loans defaults. A good credit rating is 750 and higher, as most financial institutions require a high credit rating. Each bank and NBFC have different criteria to process your loan for a minimum CIBIL score. A lower score of CIBIL over 750 may attract a higher interest rate.

A very low CIBIL score could cause your loan to be rejected because before you process your loan, a bank will first track it.


car loan

Car Loan Binola Contact Number

For any queries concerning the Binola car loan, you can help by calling the 9878981166 number.


car loan

Pre Calculated EMI Table for Car Loan Binola

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 Binola

Binola is a village in Haryana state in India. Binola falls in the Gurugram district. 

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


car loan

FAQ’s About Binola Car Loan

✅ Where can I get an interest calculator for a Binola Car Loan?

You can use the EMI calculator for Binola Car Loan on the Dialabank website. To calculate the EMIs, enter various interest rates obtained by filling out an application for a Loan. This will require you to provide basic information such as your salary, company, and work experience, depending on which interest rates will be presented.

✅ How can I repay my Car Loan?

You can repay your Loan in Binola via EMI. However, the EMI has to be repaid via Standing Instruction (SI), Electronic Clearing Service (ECS), and Post-Dated Cheques for repaying your Loan (PDCs). 

✅ Is it possible to acquire a Binola Car Loan on my current vehicle?

Yes, if you have a strong payment history with your current lender in Binola, many lenders will grant you a loan on your current vehicle.