Car Loan Bishunpursundar

Best Banks for Car Loan in Bishunpursundar

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 Bishunpursundar 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 loan from a bank that allows you to buy the car of your dreams. The loan’s approval and final payment are contingent on the Lender’s qualifying conditions and the completion of KYC requirements. To immediately estimate the monthly premium. The firm also offers mortgages to existing customers with additional benefits and little paperwork.

Car Loan Bishunpursundar

Car Loan Bishunpursundar 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 Bishunpursundar EMI Calculator

Car Loan Bishunpursundar 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 Bishunpursundar Fees and Charges: Leading Banks – Jun 08 2023

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 Bishunpursundar 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 Bishunpursundar

The interest rates on automobile loans in Bishunpursundar offered by different lenders may vary, but they are all reasonable and competitive. Follow the steps below to get the best interest rate on a car loan Bishunpursundar:

A credit rating tells a lender that funding to you is less hazardous because you’ve made on-time payments in the past, as indicated by your score.
The interest rate you pay on your auto loan is determined by the amount of money you borrow. As a result, if you select a larger loan amount, you may obtain a cheaper interest rate.
If you have an excellent payment and activity history, companies may be willing to offer you a cheaper interest rate on a vehicle loan.
You may be eligible for a lower interest rate when you earn more money because a higher income suggests a greater ability to repay the loan.
When the debt-to-income ratio is low, people have a higher chance of acquiring a new mortgage at a lower interest rate.

How to Apply for a Car Loan in Bishunpursundar?

Obtaining a vehicle loan from Bishunpursundar:

Visit Dialabank and choose a car loan from the drop-down menu. After that, input information about the vehicle and your earnings.
Then, please wait for our financial advisor to call you at the phone number you provided. You can reach our relationship managers at 9878981166 if you have any questions concerning the loan.
You’ll have to go to the branch yourself, which may be a stressful circumstance for you.

Which Bank in Bishunpursundar Offers the Best Car Loans?

Car loans are available from many large banks and non-bank financial firms in the city. Obviously, the best lender will be able to supply you with the loan amount you require at a reasonable interest rate and release the funds as soon as possible. As a result, before applying for an auto loan that matches all of your criteria, such as interest rates, it is always a good idea to compare auto loans from multiple providers.

Car Loan for Major Car Manufacturers in Bishunpursundar

TABLE WILL APPEAR

Processing Fees / Prepayment Charges on Car Loan Bishunpursundar

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 Bishunpursundar

The CIBIL score takes into account your previous credit history as well as any loan defaults. A reasonable credit score is 750 or above because most financial institutions want a high credit score. However, each bank and NBFC has its own minimum CIBIL score criteria to process your loan. As a result, a CIBIL score of less than 750 may result in a higher interest rate.

Because it is the first item a bank looks at before finishing your application, a low CIBIL score may result in your loan being declined.

Car Loan Bishunpursundar Contact Number

If you have any questions about the Car Loan in Bishunpursundar, you can call 9878981166 for help.

Pre Calculated EMI Table for Car Loan Bishunpursundar

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 Bishunpursundar

Bishan Pur Sundar is a village in the Indian state of Bihar. It is part of the Kosi Division. It lies 28 kilometres east of the district headquarters in Madhepura and 225 kilometres from the state capital in Patna.

FAQ’s About Bishunpursundar Car Loan

✅How long is the loan term for a car loan?

A car loan has a loan term that runs from one to five years. If you prefer a larger EMI, you can choose a shorter loan term. However, if you want a low EMI, you can choose a longer loan term. Some banks can let you hold a loan for up to 7 years.

✅When is it possible for my loan application to be denied?

Your loan application may be rejected for various reasons, the most prevalent of which is if you have a poor credit history or score. This could be because you missed EMI payments, applied for a loan numerous times and were rejected, and so on.

✅What happens if I don’t make my EMI payments on time?

If you fail to pay your EMIs on time, the bank will charge you late fees. However, if you consistently miss EMI payments, your bank may classify you as an NPA. Your car may also be seized by the bank and used to satisfy your debts. This will negatively influence your credit score, and you may have difficulty obtaining a loan in the future.