Car Loan Chikhli

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Car Loan Chikhli

Best Banks for Car Loan in Chikhli


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Car Loan Chikhli 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

Car Loan Chikhli

Time is changing, and it is not safe to travel alone at the night with family on a scooter or a motorcycle. Whereas, cars come with ultra-reliable features and are the best options for long journeys, whether it is night or day. So you can get a car easily with the help of a Car Loan.

Car is a dream for every person; everyone wants that their family can go places altogether under a single roof without the hassle of dust, sunlight, rain, etc. An overall car is a safe option for travelling with proper comfort and many facilities, so everyone wants to own a car.

But owning a car isn’t that simple as it doesn’t come in a few pennies. But here we make owning your car simple with the help of a Car Loan where just by fulfilling a few processes you can have your dream cat at your home.

Car Loan Chikhli


car loan

Car Loan Chikhli Eligibility Criteria

The car loan eligibility requirements are as follows in Chikhli:

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 Chikhli EMI Calculator

Car Loan Chikhli 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 Chikhli Fees and Charges: Leading Banks – May 27 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 Chikhli Documents Required

Documents required for car loan are as follows:

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 Chikhli

The interest rates on vehicle loans offered by different lenders in Chikhli may vary, but they are all reasonable and competitive. If you want to get a car loan in Chikhli with the lowest interest rate, follow the steps below:

  • Choose a shorter repayment term – Many car loan applicants believe that longer repayment terms are better because the monthly EMI (equated monthly instalment) is low. They are unaware that lenders view lengthier payback terms as an indication of a borrower’s low repayment capabilities, so they charge higher interest rates. So, you should consider a short payment period if you want to save money on your car loan.
  • Research and compare the perks offered by different lenders – If you wish to get a good deal on an auto loan, you must first explore and compare the benefits offered by different lenders. This can help you to figure out which lenders have the best interest rates and which lender you should choose.
  • Maintain a modest debt-to-income ratio – The debt-to-income ratio is a measure of how much of an applicant’s income goes toward loan repayment, and lenders take this into account when setting interest rates. If your debt-to-income ratio is low, you have a better chance of getting a car loan with a lower interest rate.
  • Maintain a good credit score — Lenders will be happy to offer you a car loan with cheaper interest rates if you have a good credit score. A credit score of above 750 is considered to be healthy. Many lenders may give auto loans to people with bad credit but will demand a higher interest rate. Check your credit scores regularly with the Dialabank “Free Credit Score” service to guarantee that you have a good credit score. This will allow you to take remedial action to enhance your credit score if it is low, and it will enable you to approach lenders with confidence if your credit score is good.

How to Apply for a Car Loan in Chikhli?

Availing of a car loan in Chikhli is an easy process with Dialabank. Follow the following steps to avail of the best offers:

  • Visit our website Dialabank.
  • Click on the car loan option available in the menu
  • Fill in the details regarding the car type and your income
  • Wait as our relationship manager will soon get in touch with you on your provided number.
  • You may also contact our relationship managers on 9878981166 in case of any queries regarding the loan.
  • For availing of a car loan offline, you will have to visit the branch personally, which might turn to be hectic for you.


car loan

Which Bank in Chikhli Offers the Best Car Loans?

Many big banks and NBFCs, including HDFC, ICICI, and SBI, offer vehicle loans in Chikhli. The most suitable lender is one that can provide you with the loan amount you need at a reasonable interest rate and can distribute the funds as quickly as feasible. It is always advisable to compare vehicle loans from many lenders before applying for one that meets all of your needs, such as interest rates.

Car Loan for Major Car Manufacturers in Chikhli

TABLE WILL APPEAR

Processing Fees / Prepayment Charges on Car Loan Chikhli

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 Chikhli

Banks and NBFCs consider CIBIL score as an important criterion before approving a loan. It signifies the creditworthiness of any individual. The minimum CIBIL score requirement for financing a car vary from bank to bank. Generally, a score above 800 is considered to be decent for any individual to be eligible to apply for a car loan.

This score may again vary from bank to bank. In case of a low CIBIL score than the required value, you will be required to pay a high rate interest rate on the loan amount, while if your CIBIL score is good, then you may have to pay a low rate of interest. Thus, a CIBIL score is an important factor in a car loan.


car loan

Car Loan Chikhli Contact Number

In case of any queries regarding the car loan in Chikhli, you may contact on the number 9878981166 for any assistance.


car loan

Pre Calculated EMI Table for Car Loan Chikhli

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 Chikhli

Chikhli is a town of Navsari district in state Gujarat. The Banks and NBFCs are also willing to process the Car Loans in Chikhlias more as possible. Visit dialabank.com  and get assistance as soon as possible.


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Car Loan Banks in Chikhli

BANK OF BARODA CHIKHLI BRANCH, GARIB NAWAZ BLDG, MANIAR STREET, CHIKHLI.DI.NAVSARI., CHIKHLI,396521 BARB0CHIKHL
BANK OF BARODA ATHAMNA FALIA, HOND, TAL.CHIKHLI, NAVSARI, BULSAR, GUJARAT-396521 BARB0HONDXX
BANK OF BARODA SARVODAYA TRUST, AT & PO MALIADAHARA, TAL CHIKHLI, GUJARAT-396521. BARB0MALIAD
BANK OF BARODA SADAKPORE SEVA SAHKARI MANDLI LTD,AT& PO SADAKPORE,TAL CHIKHLI,GUJARAT 396521 BARB0SADAKP
BANK OF BARODA BANK OF BARODA, VANZANA, TA CHIKHLI,NAVSARI, BULSAR, GUJARAT-396521 BARB0VANZAN
DENA BANK DESAI FALIA,PO CHIKHLI,SAMROLI396 521 BKDN0240261
CENTRAL BANK OF INDIA CHUNAWALA COMPLEX, D.P ROAD, OPP BUS STAND, P.O. CHIKHALI, DIST-BULDHANA, MAHARASHTRA-443201 CBIN0280703
CENTRAL BANK OF INDIA AT & POST DONGARKHANDALA, TEHSIL – CHIKHALI, DIST-BULDHANA, MAHARASHTRA-443201 CBIN0282626
CENTRAL BANK OF INDIA SANGATSINH GURUMUKHSINH MICHRA, SHOP NO 2, COLLEGE ROAD, THALA, CHIKHLI, PIN CODE-396521 CBIN0284785
CANARA BANK CANARA BANK, DUDHESWARI MANDIR, MAHETWAD, BH. NANAK STORE, CHIKLI – 396 521, DIST. NAVASARI, GUJARAT CNRB0003421
CORPORATION BANK SAMRUDHI ARCADE, OPP BAGLADEV MANDIR, NEAR PETROL PUMP, COLLEGE ROAD, PO NAVSARI, GUJARAT, PINCODE 396521 CORP0001187
DEOGIRI NAGARI SAHAKARI BANK LTD. AURANGABAD PLOT NO.6-B,7-B,8-B, CTS NO.1799 WARD NO.7, BUS-STAND ROAD, CHIKHLI DIST.BULDHANA DEOB0000032
HDFC BANK CHIKHLI HOUSE NO.1641 NEAR LIONS GARDEN DIST-NAVSARI CHIKHLI GUJARAT HDFC0002221
HDFC BANK HDFC BANK LTD RENUKA COMPLEX, PROPERTY NO.348 WARD NO.19, KHANDALA ROAD HDFC0002277
HDFC BANK SHIVAJI CHOWK, KHANDALA ROAD, CHIKHLI, DIST BULDANA HDFC0CAUCBL
HDFC BANK DR. SHYAMAPRASAD MUKHARJI ROAD CHIKHLI HDFC0CCUB01
IDBI BANK IDBI BANK, OPP LIONS GARDEN ROAD, CHIKHLI, DISTT. – NAVSARI-396521, GUJARAT IBKL0000319
IDBI BANK DESAI FALIA, CHIKHLI – 396521, DIST. NAVSARI IBKL0068GP2
ICICI BANK LIMITED ICICI BANK LTD SHOP NO137 BY 138 GOHIL COMPLEX CHIKHLI KHERGAM ROAD CHIKHLI 396521 DIST NAVSARI GUJARAT ICIC0002810
INDIAN OVERSEAS BANK DEVARSHI APARTMENT SAMROLI P.O CHIKHLI DIST.NAVSARI 396521 IOBA0002241
INDIAN OVERSEAS BANK JANKI COMPLEX, NEAR RAJA TOWER, WARD NO 14, CHIKLI, BULDHANA DIST, MAHARASHTRA 443201 IOBA0002535
INDIAN OVERSEAS BANK SHRI SADGURU KISANDEV GURU HANAINI MAHARAJ SANSTHAN NR CHOWK,CHIKHLI BULDHANA 443201 MH IOBA0003117
KOTAK MAHINDRA BANK LIMITED UPPER GROUND FLOOR, YAMUNA COMPLEX, KHANDALA MAIN ROAD, NEAR BANK OF MAHARASHTRA, CHIKHLI – 443201. TEHSIL CHIKHLI, DISTRICT BULDANA, MAHARASHTRA. KKBK0001990
BANK OF MAHARASHTRA YAMUNA COMPLEX, IN FRONT OF KAZI OIL MEAL, GOPAL TALKIES ROAG, CHIKHLI, DIST – BULDANA, MAHARASHTRA PIN – 443201 MAHB0001466
STATE BANK OF INDIA DISTBULDHANA MAHARASHTRA 443201 SBIN0000349
STATE BANK OF INDIA DISTNAVSARI GUJARAT 396060 SBIN0004914
THE SURATH PEOPLES COOPERATIVE BANK LIMITED ,ORCHIDCOMPLEX,OPP.LIONSGARDEN, CHIKHLI.396521 SPCB0251025
UNION BANK OF INDIA 2 BY 3 VISHWAKARMA COMP BAZAR ST KHATRIWAD CHIKHLI GUJARAT 396521 UBIN0562840
AXIS BANK GROUND FLOOR, C.L.CORPORATION, SHOP NO 1 & 2, RAJ COMPLEX, BAZAR STREET, CHIKHLI 396521 DIST NAVSARI, GUJARAT UTIB0001390
AXIS BANK PLOT NO 25 GD FLOOR YAMUNA COMPLEX CHIKHLI BULDHANA MAHARASHTRA PIN 443201 UTIB0002633
YES BANK SAMRUDDHI ARCADE, PART 1ST FLOOR, AT, AND POST THALA, OPP.BAGLADEVI MANDIR, COLLEGE RD, TAL CHIKHLI, DIST NAVSARI, CHIKHLI, GUJARAT-396590 YESB0000362
YES BANK DR.SHAYAMAPRASAD MUKHARJEE MARG CHIKHLI 443201 YESB0CCUB01
YES BANK WARD NO 7 BUS-STAND ROAD CHIKHLI BULDHANA 443112 YESB0DNSB35
YES BANK NAGAR PALIKA SR NO.790 BY 1 BHUTAL,D.P ROAD NR DR JAISWAL HOSPITAL CHIKHLI BHULDHANA 443201 YESB0PUB036

FAQ’s About Chikhli Car Loan

✅ What types of vehicles can I Purchase with a Car Loan?

Car loans can be used to buy various passenger vehicles, including SUVs (Sport Utility Vehicles), MUVs (Multi Utility Vehicles), and other types of vehicles. You can also get a car loan to acquire a vehicle for business purposes. Truck, tractor, and construction equipment loans are also available from some lenders.

✅ Is it possible to acquire a Loan on my Current Vehicle?

Yes, if you have a strong payment history with your current lender, many lenders will grant you a loan on your current vehicle.

✅ What options do I have for Repaying my Car Loan?

Standing Instruction (SI), Electronic Clearing Service (ECS), and Post-Dated Cheques are three options for repaying your loan (PDCs). It is usually advised that you return your loan using the first two options because they are speedier and have a lower risk of error, which is not the case with PDCs.

✅ Is a Guarantor required for a Car Loan?

To get a car loan, most lenders will not ask for a guarantor. If your income falls below the required minimum, lenders may want you to offer a guarantee or co-applicant to demonstrate that you will be able to repay the loan.

✅ Where can I get an Interest Calculator for a Car Loan?

You can use the EMI calculator on the Dialabank website or the website of the lending bank. To calculate the EMIs, enter various interest rates. The interest rate can be obtained by filling out an application for a loan, which will require you to provide basic information such as your salary, company, and work experience, depending on which interest rates will be presented.