Car Loan Bistaulikhurd

Best Banks for Car Loan in Bistaulikhurd

Car Loan Bistaulikhurd 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

Buying a car is becoming a pipe dream for almost everyone. A regular man’s limited income prevents him from purchasing his own car. A Car Loan is a convenient financing option that allows a person to purchase a vehicle. Get quick cash to make your dream automobile home a reality. A Car Loan is a type of financial assistance provided by banks and non-bank financial institutions (NBFCs) to purchase a car. Car Loan Bistaulikhurd

Car Loan Bistaulikhurd 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 Bistaulikhurd EMI Calculator

Car Loan Bistaulikhurd 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 Bistaulikhurd Fees and Charges: Leading Banks – Apr 20 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 Bistaulikhurd 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 Bistaulikhurd

Varied lenders in Bistaulikhurd offer different interest rates on automobile loans, but they are reasonable and competitive. Follow the steps below to Secure a Car Loan in Bistaulikhurd with the lowest interest rate:

A credit rating tells a lender that you’re a less dangerous borrower because you’ve previously made on-time payments, as indicated by your score.
The interest rate you pay on your auto loan is determined by the amount you borrow. Therefore, you may acquire a cheaper interest rate if you choose a larger loan amount.
If you have an excellent payment and activity history, companies may be willing to offer you a cheaper interest rate.
When debt-to-income ratios are low, customers have a higher chance of receiving a new mortgage at a lower rate.

How to Apply for a Car Loan in Bistaulikhurd?

Dialabank makes obtaining a car loan in Bistaulikhurd a simple affair. To take advantage of the best deals, follow these steps:

Look over our website Dialabank and choose a car loan from the drop-down menu. Fill in the details about the vehicle as well as your earnings. Then sit back and wait for our financial expert to call you at the number you provided. Our relationship managers can be reached at 9878981166 if you have any questions concerning the loan.
To do this, you’ll need to go to the branch yourself, which could be a stressful circumstance for you.

Which Bank in Bistaulikhurd Offers the Best Car Loans?

Car loans are available from a number of large banks and non-bank financial firms. Naturally, the best lender will be able to supply you with the loan amount you require at a reasonable interest rate and promptly release the funds. As a result, comparing auto loans from many lenders before applying for one that fulfils all of your criteria would be a better choice.

Car Loan for Major Car Manufacturers in Bistaulikhurd

TABLE WILL APPEAR

Processing Fees / Prepayment Charges on Car Loan Bistaulikhurd

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 Bistaulikhurd

The CIBIL score is based on your previous credit history as well as any loan defaults. A reasonable credit score is 750 or higher, as most financial institutions want a high credit score. Each bank and NBFC, on the other hand, has its own requirements for a minimum CIBIL score to complete your loan. A CIBIL score below 750 can result in a higher interest rate.

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

Car Loan Bistaulikhurd Contact Number

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

Pre Calculated EMI Table for Car Loan Bistaulikhurd

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 Bistaulikhurd

Bistaulikhurd is a village in Uttar Pradesh’s Gorakhpur District’s Kauri Ram Block. The population of the settlement is 2551 people.

FAQ’s About Bistaulikhurd Car Loan

✅ Is it possible to receive a car loan for a used car?

Yes, many banks and banking organisations will give you a loan for a used car. Pre-owned automobile interest rates, on the other hand, are greater than new car interest rates.

✅ Do I need a guarantor to get a car loan?

No, because a car loan is a secured loan, lenders do not often demand a guarantor. You may be required to furnish a guarantor if you have a poor credit history or a low credit score.