Car Loan Biswanathchariali

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Car Loan Biswanathchariali

Best Banks for Car Loan in Biswanathchariali


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Car Loan Biswanathchariali 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

If you are tired of travelling by two-wheeler and now require a four-wheeler but do not have the time to visit various banks to compare interest rates, documentation, and other factors, Dialabank will provide you with all the information you require in the shortest time possible and will clear all your doubts. Now is the perfect time to apply with Dialabank and receive the best services.

Car Loan Biswanathchariali


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Car Loan Biswanathchariali 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 Biswanathchariali EMI Calculator

Car Loan Biswanathchariali 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 Biswanathchariali Fees and Charges: Leading Banks – May 20 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 Biswanathchariali 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 Biswanathchariali

Varying lenders in Biswanathchariali offer different interest rates on automobile loans, but they are all reasonable and competitive. Follow the steps below to acquire a Car Loan in Biswanathchariali 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 demonstrated by your score.
  • The interest rate you pay on your vehicle loan is determined by the amount you borrow. You may be able to receive a cheaper interest rate if you pick a larger loan amount.
  • If you have an excellent payment and activity history, companies may be willing to offer you a reduced interest rate on a vehicle loan.
  • When you make more money, you may be eligible for a lower interest rate because a higher income implies a greater ability to repay the loan.
    When debt-to-income ratios are low, consumers have a greater chance of securing a new mortgage at a lower rate.  

How to Apply for a Car Loan in Biswanathchariali?

With Dialabank, obtaining a car loan in Biswanathchariali is simple:

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


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Which Bank in Biswanathchariali Offers the Best Car Loans?

Car loans are available from a number of large banks and non-bank financial companies in the city. Naturally, the best lender will be able to give you with the loan amount you require at a reasonable interest rate and promptly release the cash. As a consequence, comparing auto loans from many lenders before applying for one that matches all of your criteria, such as interest rates, is always a smart idea.

Car Loan for Major Car Manufacturers in Biswanathchariali

TABLE WILL APPEAR

Processing Fees / Prepayment Charges on Car Loan Biswanathchariali

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 Biswanathchariali

The CIBIL score reflects your previous credit history as well as any defaults on previous loans. Because most financial institutions want a high credit score, a decent credit score is 750 or above. However, each bank and NBFC has its own requirements for a minimum CIBIL score to process your loan. A CIBIL score of less than 750 can result in a higher rate of interest.

A low CIBIL score may result in your loan being rejected because it is the first item a bank looks at before completing your application.


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Car Loan Biswanathchariali Contact Number

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


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Pre Calculated EMI Table for Car Loan Biswanathchariali

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 Biswanathchariali

Biswanathchariali is a city in district Biswanath in state Assam, India. The name of the city is derived from Biswanath Ghat. Biswanathchariali holds the first “Clock Tower” of Assam followed by the clock tower of Dibrugarh. For more information on Car Loans, you can visit our official site.


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FAQ’s About Biswanathchariali Car Loan

✅ What is EMI?

EMI stands for Equated Monthly Installments. You repay your loan via EMIs. EMI includes your principal Loan amount as well as the interest. The interest component is major for the first few EMIs so if you were to prepay your loan, it is best to do it in the initial years of your Loan tenure so that you pay less on interests.  

✅ Can I calculate my EMI online?

Yes, you can easily calculate your EMIs online with Dialabank’s EMI calculator. All you need to do is enter the loan tenure, the Loan amount and the applicable interest rate. You will be able to calculate your EMIs online within a few seconds.

✅ Is it possible to acquire a Loan on my current vehicle?

Absolutely! If you have a good track record with any lender, you can easily get a loan on your current vehicle.