Car Loan Bodakdev

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Car Loan Bodakdev

Best Banks for Car Loan in Bodakdev


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Car Loan Bodakdev 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

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:

  • Low-interest car loans are readily accessible.
  • In Bodakdev, almost all major banks and NBFCs provide car loans.
  • The documentation procedure is simple and straightforward.
  • Our professionals are here to help you every step of the way.
  • Dialabank makes it simple to get a car loan and does it quickly.
  • There are no hidden fees.

Car Loan Bodakdev


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Car Loan Bodakdev 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 Bodakdev EMI Calculator

Car Loan Bodakdev 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 Bodakdev Fees and Charges: Leading Banks – Apr 19 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 Bodakdev 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 Bodakdev

Varying lenders in Bodakdev offer different interest rates on Car Loans, however, they are all sensible and competitive:

  • As demonstrated by your score, a credit rating tells a lender that you’re a less dangerous borrower because you’ve previously made on-time payments.
  • The interest rate you pay on your vehicle loan is determined by the amount you borrow. Therefore, you may 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.
  • You may be eligible for a lower interest rate when you make more money because a higher income implies greater capacity.
  • 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 Bodakdev?

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.

  • Look over our website 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.


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Which Bank in Bodakdev Offers the Best Car Loans?

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.

Car Loan for Major Car Manufacturers in Bodakdev

TABLE WILL APPEAR

Processing Fees / Prepayment Charges on Car Loan Bodakdev

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 Bodakdev

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.


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Car Loan Bodakdev Contact Number

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


car loan

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


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About Bodakdev

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.


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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?

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.

✅ How can I get rid of my Car Loan without a penalty?

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.

✅ How can I increase my chances of getting my Car Loan approved?

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.