Best Banks for Car Loan in Bodhgaya
⍟ Loan Approval in 30 Minutes If you want to buy a car, a car loan is a fantastic option. A car loan is financial aid provided by a lender, such as a bank or a non-bank financial institution, to help you purchase a vehicle. This allows you to pay monthly payments to quickly repay the loan amount over time. You’ve come to the right place if you’re looking for a car loan in Bodhgaya. Learn which banks offer 100% financing and have the lowest interest rates to make an informed decision.
7.35% per annum In Bodhgaya, the interest rates on automobile loans given by various lenders are all acceptable and competitive. Follow the procedures below to secure a car loan in Bodhgaya with the lowest interest rate: A car loan is straightforward with Dialabank to obtain in Bodhgaya: A number of major banks and financial non-banks offer auto loans in the city. The best lender will naturally be able to give you with the loan at a fair value and to distribute the funds as soon as possible. It is always always a good idea to examine different lenders’ vehicle loans before applying for one that fulfils all your criteria, for example interest rates. TABLE WILL APPEAR The CIBIL scoring represents your past credit history and all previous credit defaults. Due to the high credit value that most financial institutions demand, the decent credit rating is 750 or above. Nevertheless, every bank and NBFC has their own minimum standards for a CIBIL loan score. If there is a CIBIL score of less than 750 the interest rate may be higher. A poor CIBIL score may lead to a rejection of your loan as it is the first item that a bank is looking into prior to your application. For questions concerning the Bodhgayan car loan, contact 9878981166 for assistance. For further information, please contact us. It’s a village in Bihar, India’s Gaya district. It is one of the Buddhist pilgrimage destinations of most importance. It is on the west side of the river Phalgu, a river Ganga affiliate. A poor or bad credit score is one of the most common reasons why a loan application gets rejected. If you have a bad credit history, then the chances of your loan application getting rejected are high. If you regularly default in paying EMIs, have many loans in your name, etc. then the lender will lose trust in your ability to repay your loan. It depends. If you repay your loan early i.e. in the initial years of your loan repayment period, then you will save a lot on interest payouts. However, if you are repaying your loan in the later months of your loan repayment period, then you might experience more costs in the form of fees and penalties. If you pay more than the required EMI, then that extra amount will be adjusted towards your loan amount. This will in turn reduce your loan tenure as well.
Car Loan Bodhgaya 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 Bodhgaya 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 Bodhgaya EMI Calculator
Car Loan Bodhgaya 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 Bodhgaya Fees and Charges: Leading Banks – Mar 28 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 Bodhgaya 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 Bodhgaya
How to Apply for a Car Loan in Bodhgaya?
Which Bank in Bodhgaya Offers the Best Car Loans?
Car Loan for Major Car Manufacturers in Bodhgaya
Processing Fees / Prepayment Charges on Car Loan Bodhgaya
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 Bodhgaya
Car Loan Bodhgaya Contact Number
Pre Calculated EMI Table for Car Loan Bodhgaya
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 Bodhgaya
Car Loan Banks in Bodhgaya
Bank Name
Bank Address
IFSC Code
ORIENTAL BANK OF COMMERCE
NR INTERNATIONAL MEDITATION CENTRE, BEHIND MAYA SAROVAR, BODHGAYA, DIST GAYA, BIHAR, PIN 824231
ORBC0101965
FAQ’s About Bodhgaya Car Loan
✅ What is the most common reason for a car loan application getting denied?
✅ Is it cheaper to repay your car loan early?
✅ What happens if I pay extra in EMI?