Car Loan Bistaulikhurd

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Car Loan Bistaulikhurd

Best Banks for Car Loan in Bistaulikhurd


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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


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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


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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


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Car Loan Bistaulikhurd Fees and Charges: Leading Banks – May 29 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 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.


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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.


car loan

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
>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 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.


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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.


car loan

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


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About Bistaulikhurd

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


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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.

✅ How can I find out whether I’m eligible for a car loan online?

Various banks have different requirements for obtaining a car loan. If you wish to check your eligibility, Dialabank makes it simple to do so.