Car Loan Boha

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Car Loan Boha

Best Banks for Car Loan in Boha


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Car Loan Boha 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

As the family size increases, you cannot travel in a two-wheel car with everybody. It’s not safe to go with your family on a scooter or motorcycle. For all these objectives a car is the greatest choice because it’s comfortable and convenient. And by applying for a vehicle loan with us you can purchase a car effortlessly. But it’s not so easy to own an automobile since a few pennies later. A basic Hatchback automobile can cost you at least 5 faults and this huge sum cannot be managed by all. But with the aid of a Car Loan Boha, we at Dialabank simplify owning your car by taking some steps.

Car Loan Boha


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Car Loan Boha 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 Boha EMI Calculator

Car Loan Boha 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 Boha Fees and Charges: Leading Banks – May 21 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


car loan

Car Loan Boha 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 Boha

In Boha, there may be variations in interest rates for car loans offered by various lenders, but all are fair and competitive. If you want to receive the lowest interest rate car loan in Boha, perform the following steps:

  • A credit rating shows the lender that your financing is less dangerous, as shown by the score, as you have paid on time in the past.
  • The amount of money you loan influences your vehicle loan interest rate. Therefore, you can get a lower rate if you choose a larger loan amount.
  • If you have an excellent payment and business history, companies may be willing to provide you with a cheap interest rate on a car loan.
  • When you earn more money, you may be eligible for a decreased interest rate, since greater incomes reflect stronger repayment capacity.
  • If the debt-to-income value is little, consumers will obtain a better chance at a lower price of a new mortgage.

How to Apply for a Car Loan in Boha?

Disposal of a Boha car loan:

  • Select the car loan choice from the drop-down menu, check our website. Enter the car facts and your income. Wait then for our financial advisor to contact you at your telephone number. You can call our Relation Manager at 9878981166 if you have any questions concerning the loan.
  • This can be a stressful circumstance for you to go to the branch itself.


car loan

Which Bank in Boha Offers the Best Car Loans?

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.

Car Loan for Major Car Manufacturers in Boha

TABLE WILL APPEAR

Processing Fees / Prepayment Charges on Car Loan Boha

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 Boha

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.


car loan

Car Loan Boha Contact Number

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


car loan

Pre Calculated EMI Table for Car Loan Boha

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 Boha

Boha is a village in Budhlada Block in Punjab state, Mansa district. This settlement is located in the rural district of Mansa and is one of the 86 Budhlada district blocks. It is renowned for its Shiva and gurudwara temples.


car loan

Car Loan Banks in Boha

Bank Name Bank Address IFSC Code
HDFC BANK HDFC BANK LTD., ADJ. OBC, VPO BOHA, DISTT. MANSA, MANSA PUNJAB 151503 HDFC0003154
ICICI BANK LIMITED ICICI BANK LTD GARG COMPLEX RATIA ROAD BOHA PIN 151503 ICIC0003949
PUNJAB AND SIND BANK RANJEET SINGH SO AVTAR SINGH, OPPOSITE HDFC BANK, BOHA MANDI, DIST MANSA -151503, PUNJAB PSIB0021401
STATE BANK OF INDIA VPO BOHA DIST MANSA 151503 SBIN0050043

FAQ’s About Boha Car Loan

✅ Do I need a guarantor for Car Loan in Boha?

No, you generally do not require a guarantor for your Car Loan. If you have a bad credit score or a poor credit history, then you might require a guarantor for your Car Loan.

✅ What type of vehicles can I purchase from my Car Loan?

You can take a Car Loan for your personal and business requirements. Therefore, you can take a Loan for SUVs, MUVs, and all other type of passenger vehicles. Some lenders also allow you to take a Loan to purchase trucks, tractors, etc.

✅ How is a Car Loan repaid?

Car Loan is repaid via EMI i.e. Equated Monthly Installment. It includes your principal Loan amount as well as your interest which has to be paid monthly to your lender against the loan availed. The EMIs can be repaid via post-dated cheques, standing instructions, etc.