Car Loan Bisalpur

Best Banks for Car Loan in Bisalpur

Feature	HDFC Bank	Private 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

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

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

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

Car Loan Bisalpur Fees and Charges: Leading Banks – Apr 19 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 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.

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.

Which Bank in Bisalpur Offers the Best Car Loans?

Vehicle Loans are available from many large banks and NBFCs in Bisalpur, including HDFC, Private, 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
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 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 Bisalpur Contact Number

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

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

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.

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
Private BANK LIMITED	Private 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.