Car Loan Bol

Best Banks for Car Loan in Bol

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 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 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 Bol Fees and Charges: Leading Banks – Apr 26 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 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.

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.

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
Prepayment Charges	>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

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 Bol Contact Number

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

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.

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.