Car Loan Bishunpursundar

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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


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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


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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


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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


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Car Loan Bishunpursundar Fees and Charges: Leading Banks – Mar 29 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

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.


car loan

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.


car loan

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

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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
>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


car loan

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.


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Car Loan Bishunpursundar Contact Number

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


car loan

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.


car loan

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.