Best Banks for Car Loan in Bodakdev
⍟ Loan Approval in 30 Minutes Want to demonstrate your financial independence by driving your own car but lack the means to do so? If you’re looking for a car loan but aren’t sure which bank to go with, we can help. Dialabank is here to help if you have any of these concerns. Many benefits of Car Loans in Bodakdev are available to you when you work with us, including:
7.35% per annum Varying lenders in Bodakdev offer different interest rates on Car Loans, however, they are all sensible and competitive: Obtaining a Vehicle Loan With Dialabank, Bodakdev is a breeze. Our website relieves you of the burden of doing all of your own work. You can relax in your homes while we take care of everything. A number of banks and non-bank financial institutions (NBFCs) in Bodakdev offer vehicle loans. However, you should choose the lender who can provide you with the loan amount you need at a reasonable interest rate and who can get the funds to you quickly. As a result, you should always compare vehicle loans from many lenders before applying for one that meets all of your needs. TABLE WILL APPEAR A CIBIL score is a three-digit number that determines a person’s creditworthiness. A higher credit score indicates that you are serious about repaying your loans, which increases your chances of securing a loan. A credit score of 750 or higher is usually considered great by banks and NBFCs when approving your loan application in Bodakdev. However, a score of less than 550 is deemed poor. If your Car Loan application is denied, do not apply to another institution right away since this will harm your credit score. Instead, allow time for the score to rise. Your score will improve if you have a low application frequency. If you have any questions about the Car Loan in Bodakdev, you can call the number 9878981166 for help. Bodakdev is a town in Gujarat with a population of about 5.5 lakh people. Here you’ll find the famed Kankariya Lake, the Sundarvan, and the Sabarmati Ashram. No, your Car Loan Bodakdev does not usually cover the registration fees of the car in it. The registration fees are supposed to be borne by you, which you pay yourself while purchasing the car. If you want to get rid of your Car Loan early, i.e. before your repayment period, then you can either refinance your Car Loan or renegotiate your Car Loan. You can also trade in a car to get rid of a bad Loan. The chances of your Car Loan Bodakdev getting approved depend on a variety of factors – having a good credit history, a good CIBIL score and a reliable source of income. You should ensure that all your documents are true and you make a down payment as well towards your car.
Car Loan Bodakdev Features
⍟ 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
Car Loan Bodakdev Eligibility Criteria
Salaried Individual
Net Monthly Income – Minimum ₹ 20,000
Employment Duration – 1-year minimum
Income Eligibility – Based on Form 16 and salary slip
Self-Employed Individuals
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)
Employment Duration – 3 years minimum
The applicant has to present IT returns and audited financials of 2 years with Calculated Income.
Priority Customers
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 Bodakdev EMI Calculator
Car Loan Bodakdev Fees & Charges
Charges
New Car Loan
Used Car Loan
Interest Rate
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 Bodakdev Fees and Charges: Leading Banks – Apr 19 2024
Bank
Processing Fee
HDFC Bank Car Loan
(1999 - 4999) + Tax
Axis Bank Car Loan
1 % to 2.50%
Nil
Private Bank Car Loan
0.25% to 1.50%
SBI Car Loan
500/- to 0.50%
Nil
Kotak Car Loan
1% to 2%
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 Bodakdev Documents Required
Salaried Individual
Category
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)
Birth Certificate
High School Marksheet
Driving Licence
Signature Proof(Any 1)
Bankers Verification
Passport
Income Proof
Bank Statement
Employment Continuity Proof
ITR of Form no. 16
Salary Slip mentioned with joining date
Letter of Appointment
Self-Employed Individuals
Category
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)
Bankers Verification
Passport
Bank Statement
Employment Continuity Proof
Shop & Establishment Act Certificate
Shop & Establishment Act Certificate
Sales Tax or VAT Certificate
Business Proof
Telephone Bill/Electricity Bill
Shop & Establishment Act Certificate
SSI or MSME Registration Certificate
Self-Employed Non-Individuals:
1. Partnership Firms/Societies
Category
Identity Proof (Any 1)
Driving Licence
PAN Card
Aadhar Card
Passport
Address Proof (Any 1)
Aadhar Card
Driving License
Voter ID
Income Proof
P&L Account
ITR for the previous 2 years
Bank Statement
Last 6 month
Business Continuity Proof
Audited Balance Sheet
TAX registration Certificate
Current Account Statement
Additional documents
2. Private Limited/Limited Companies
Category
Identity Proof
Copy of Incorporation
Address Proof (Any 1)
Telephone Bill
Electricity Bill
Shop & Establishment Act Certificate
Sales Tax Certificate
Income Proof
P&L Account and ITR for the previous 2 years
Bank Statement
Previous 6 Months
Business Continuity Proof
ITR of the Company of the past 2 years
Audited Balance Sheet
Shop & Establishment Act Certificate
Additional documents
Board Resolution
PAN Card
Certificate of Commencement of Business for Ltd. Co.
How to Get the Best Car Loan Interest Rates in Bodakdev
How to Apply for a Car Loan in Bodakdev?
Which Bank in Bodakdev Offers the Best Car Loans?
Car Loan for Major Car Manufacturers in Bodakdev
Processing Fees / Prepayment Charges on Car Loan Bodakdev
Category
Details
Processing Charges
Prepayment
Preclosure
Stamp Duty
Cheque Bounce Chgs
Floating Rate of Interest
Not Applicable
Overdue EMI Interest
Amortisation Schedule Chgs
Rs 200 + GST
CIBIL Score Required for Car Loan in Bodakdev
Car Loan Bodakdev Contact Number
Pre Calculated EMI Table for Car Loan Bodakdev
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 Bodakdev
Car Loan Banks in Bodakdev
Bank Name
Bank Address
IFSC Code
ALLAHABAD BANK
PLATINIUM PLAZA, JUDGES BUNGALOW ROAD, BODAKDEV AHMEDABAD-380054
ALLA0212113
BANK OF BARODA
GROUND FLOOR – 2, SHAPATH – 3, NEAR GNFC TOWER, BODAK DEV, S G HIGHWAY ROAD, AHMEDABAD, GUJARAT 380054
BARB0SGHAHM
DENA BANK
DENA BANK, BODAKDEV 1, GROUND FLOOR, SHIVALIK FIGH STREET
BKDN0111651
INDUSIND BANK
ZODIAC SQUARE, SHOWROOM NO 2, OPP GURUDWARA, S G ROAD, BODAKDEV, AHMEDABAD 380 054
INDB0000232
INDIAN OVERSEAS BANK
12 ADVAIT COMPLEX, LAD SOCIETY ROAD, BODAKDEV, AHMEDABAD380054
IOBA0001841
KOTAK MAHINDRA BANK LIMITED
GR FLOOR SHOP NO 12 13 14 AND 15 PRIME PLAZA SATYA MARG JUDGES BUNGALOW RD BODAKDEV AHMEDABAD 380054
KKBK0002591
FAQ’s About Bodakdev Car Loan
✅ Does a Car Loan include registration fees?
✅ How can I get rid of my Car Loan without a penalty?
✅ How can I increase my chances of getting my Car Loan approved?