Car Loan Binola

Best Banks for Car Loan in Binola

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 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 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

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

Car Loan Binola Fees and Charges: Leading Banks – Apr 25 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 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.

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.

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
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 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 Binola Contact Number

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

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

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.

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).