Car Loan Bol

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Car Loan Bol

Best Banks for Car Loan in Bol


car loan

Car Loan Bol 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

Everybody now wants to have a car to simplify life. But it’s not all financially necessary. Are you dealing with that? Don’t worry about that. Don’t worry. Our financial services from Dialabank assist our clients in comparing, analysing and selecting the most acceptable loans possible. So getting a Car Loan isn’t as hard as ten years ago, and it’s now a regular thing to have a car, and it is simplified by Dialabank to provide you with the finest Car Loan deals online on one single platform to compares, analyse and request a Car Loan online without having to worry more. You may acquire Car Loan Bol early, and you can’t forget that it has a satisfactory service.

Car Loan Bol


car loan

Car Loan Bol 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


car loan

Car Loan Bol EMI Calculator

Car Loan Bol 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


car loan

Car Loan Bol Fees and Charges: Leading Banks – May 28 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 Bol 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.


car loan

How to Get the Best Car Loan Interest Rates in Bol

Various lenders provide various interest rates on automotive loans. Fulfill the following procedures if you want a lowest interest rate on a car loan in Bol:

  • A credit rating shows the creditor, as evidenced by the score, that your financial resources are less harmful, than you paid in the past.
  • The money you lend determines the interest rate of your auto loan. So if you choose a more significant loan amount, you can achieve a cheaper rate.
  • If you have an exceptional payment and business background, you may be prepared to receive a cheap interest on a car loan from organisations.
  • You may be qualified for the lower interest rate if you make more money because higher incomes show stronger repayment potential.
  • If the value of the debt-to-income is low, consumers get a better opportunity for a new mortgage at a reduced cost.

How to Apply for a Car Loan in Bol?

The car loan in Bol with Dialabank is an easy process. Follow the steps below to make use of the greatest offers:

  • 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 Bol Offers the Best Car Loans?

Many big banks and institutions in the city offer car loans. Of course, the finest lender can give you a fair value loan and release the funds as fast as possible. It is always a good idea to check various loans for cars before you apply for one that meets all of your criteria, such as interest rates.

Car Loan for Major Car Manufacturers in Bol

TABLE WILL APPEAR

Processing Fees / Prepayment Charges on Car Loan Bol

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


car loan

CIBIL Score Required for Car Loan in Bol

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 before your application.


car loan

Car Loan Bol Contact Number

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


car loan

Pre Calculated EMI Table for Car Loan Bol

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 Bol

Sanand Tehsil, Bol Village is located in Gujarat district, India. It is located 10 kilometres from the Sanand sub-district centre and 32 km from Ahmadabad. Bol village is also a panchayat, according to 2009 statistics.


car loan

FAQ’s About Bol Car Loan

✅ How much finance can I avail for a Car Loan in Bol?

Various lenders offer different finance for a Car Loan. For example, some lenders offer up to 100% of the ex-showroom price of the vehicle, whereas some lenders also offer up to 90% of the on-road price of your vehicle. Ultimately, all this depends on your credit score.

✅ What is the maximum loan tenure?

Various lenders offer Car Loans for 1 to 5 years. Some lenders also offer Loans up to 7 years. Ultimately, the Loan tenure depends on the offer you select. The higher the loan tenure, the lower will be your EMI and vice-versa.

✅ What is the monthly reducing balance in a Car Loan?

In this, the principal amount that you owe gets reduced every month, and the interest is calculated on the outstanding principal at the end of every month.