Car Loan Bisalpur

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Car Loan Bisalpur

Best Banks for Car Loan in Bisalpur

Feature
HDFC Bank
ICICI Bank
Kotak Mahindra Bank
Interest Rate (p.a.)
7.35 - 7.95%
8.5 - 9.5 %
11%
Min Loan Amt
Metro : 1 Lac & Non Metro: 75000
75000
75000
Max Loan Amt
1 Cr
1 Cr
1 Cr
Loan Tenure
Upto 7 Years
Upto 5 Years
Upto 5 Years
Processing Fee
1999 - 4999 + Tax
0.25% to 1.50%
0.25% to 1.50%
Preclosure Chgs
2%, Nil after 24 months
2%, Nil after 36 months
Nil
Loan to Value (LTV)
Upto 100% on Ex- showroom
Upto 95% on Ex- showroom
Upto 90% on Ex- showroom


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Car Loan Bisalpur 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 Bisalpur is financial assistance provided by various banks and NBFCs to purchase a car. Banks provide the necessary funding for purchasing a vehicle, which can be at the Ex-Showroom or On-Road price of the vehicle. Moreover, they provided the lowest interest rates and the shortest document process. The following are some of the benefits of Car Loan Bisalpur:

 

  • Simple monthly payment options.
  • Availability in an instant.
  • Loan The tenure period ranges from 1 to 7 years.
  • Interest rates are reasonable.
  • There are no hidden fees.
 

Car Loan Bisalpur


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Car Loan Bisalpur 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 Bisalpur EMI Calculator

Car Loan Bisalpur 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 Bisalpur Fees and Charges: Leading Banks – May 21 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 Bisalpur 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 Bisalpur

The interest rates offered by different lenders in Bisalpur differ, but they are all reasonable and competitive. If you want to get the best interest rate on a car loan in Bisalpur, follow the steps below:

  • Choose a shorter repayment period – Many people believe that a shorter repayment period is better because the monthly EMI (equated monthly instalment) is lower. On the other hand, Longer repayment terms are an indication of a borrower’s limited repayment capacity. Lenders charge higher interest rates as a result. Consider a shorter payment period if you want to save money on your car loan.
  • Investigate and compare the benefits provided by various lenders – If you want to get a good deal on an auto loan, you must first investigate and compare the benefits provided by various lenders. This can assist you in determining which lenders have the best interest rates and, as a result, which lender to select.
  • Maintain a low debt-to-income ratio – The debt-to-income ratio measures how much of an applicant’s income goes toward loan repayment, and lenders consider this when determining interest rates. Therefore, you have a better chance of getting a Car Loan with a lower interest rate if your debt-to-income ratio is lower.
  • Maintain a good credit score — If you have a good credit score, lenders will be happy to offer you a Car Loan with lower interest rates. Lenders in Bisalpur consider a credit score of 750 or higher to be good. Conversely, many lenders will provide auto loans to people with bad credit but higher interest rates.

How to Apply for a Car Loan in Bisalpur?

DialaBank makes it simple to obtain a Car Loan in Bisalpur. To take advantage of the best deals, follow the steps below:

  • Dialabank is our website.
  • Select the Car Loan option from the menu.
  • Then, fill in the blanks with information about your car and your income.
  • Wait for our relationship manager to contact you at the number you provided
  • If you have any questions about the Loan, please contact our relationship managers at 9878981166.
  • To obtain a Car Loan offline, you must personally visit the branch, which may be inconvenient for you.


car loan

Which Bank in Bisalpur Offers the Best Car Loans?

Vehicle Loans are available from many large banks and NBFCs in Bisalpur, including HDFC, ICICI, and SBI. The best lender is one who can provide you with the Loan amount you require at a reasonable interest rate and distribute the funds as soon as possible. Therefore, before applying for one that meets all of your needs, such as interest rates, it is always a good idea to compare vehicle Loans from multiple lenders.

Car Loan for Major Car Manufacturers in Bisalpur

TABLE WILL APPEAR

Processing Fees / Prepayment Charges on Car Loan Bisalpur

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 Bisalpur

The CIBIL score is used to determine your ability to repay your debts. A higher credit score indicates a good credit history and makes your Car Loan application process smooth and simple. Generally, banks and NBFCs consider a credit score of 750 or higher to be good enough to approve your Loan application process in Bisalpur.


car loan

Car Loan Bisalpur Contact Number

In case of any queries regarding the Car Loan in Bisalpur, you may contact on the number 9878981166 for any assistance.


car loan

Pre Calculated EMI Table for Car Loan Bisalpur

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 Bisalpur

Bisalpur is a city in the district of Pilibhit of Uttar Pradesh. This town is famous for its sugarcane factory. With Dialabank providing its services to all parts of the country, it is now feasible to access Car Loans.


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Car Loan Banks in Bisalpur

BANK NAME BANK ADDRESS BANK IFSC CODE
BANK OF BARODA VILL BHADEG KANJAH,DIST BHADEG KANJAH,TEHSIL BISALPUR,DIST PILIBHIT,UTTAR PRADESH 262202. BARB0BHADEG
BANK OF BARODA STATION ROAD, PO BISALPUR, DIST PILIBHIT, UTTAR PRADESH 262201 BARB0BISALP
HDFC BANK HDFC BANK LTD MAIN ROAD BARA PATTHAR FRONT OF SHIV MANDIR BISALPUR PILIBHIT UTTAR PRADESH 262201 HDFC0004007
IDBI BANK VILLAGE & POST PAHARGANJ, TEHSIL BISALPUR, DIST PILIBHIT, UTTAR PRADESH. PIN 262201 IBKL0001397
ICICI BANK LIMITED ICICI BANK LTD.BARAH PATHAR ROAD BISALPUR PILIBHIT 262201 ICIC0003210
AXIS BANK GROUND FLOOR KHASRA NO 627 628 PILBHIT ROAD BISALPUR PILIBHIT UTTAR PRADESH PIN 262201 UTIB0002680

FAQ’s About Bisalpur Car Loan

✅ What is a Car Loan?

A Car Loan is a secured term loan offered to applicants who wish to own a car. A Car Loan is offered for new as well as pre-used cars. Banks charge an affordable interest rate on Car Loans which has to be repaid via EMIs. The EMI includes your interest as well as the principal loan amount. Your car acts as collateral with the bank until you repay your loan.

✅ Which kind of vehicles can I purchase with a Car Loan?

Car Loans can be used to buy various passenger vehicles, including all SUVs (Sport Utility Vehicles), MUVs (Multi Utility Vehicles), and other vehicles available in the market. 

✅ What are the options for repaying a Car Loan?

Standing Instruction (SI), Electronic Clearing Service (ECS), and Post-Dated Cheques (PDCs) are three options for repaying your Loan in Bisalpur.