Car Loan Chittor

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Car Loan Chittor

Best Banks for Car Loan in Chittor


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Car Loan Chittor Features

car loan Chittor

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

A car loan is a financial aid offered by banks and NBFC’s to fulfill anyone’s dream of having his own car. They provide the required necessary funding for purchasing a car which can be on Ex-Showroom Price or On-Road Price of the car depending upon the requirement. A car loan is a form of a secured loan with easy repayment options available in the form of EMIs. The loan amount is offered on Interest charges which vary from lender to lender along with the tenure. Getting your dream car Car loan in Chittor Dialabank is the best option available.

Car Loan Chittor


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Car Loan Chittor Eligibility Criteria

The eligibility criteria for a car loan for salaried applicants in Chittor is as follows:

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 Chittor EMI Calculator

Car Loan Chittor 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 Chittor 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


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Car Loan Chittor Documents Required

Documents required for car loan are as followed:

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 Chittor

The interest rates on vehicle loans offered by different lenders in Chittor may vary, but they are all reasonable and competitive. If you want to get a car loan in Chittor 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 installment) 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 Chittor?

There are mainly two ways in which you can apply for a car loan in Chittor:

  • Online process: The process of applying for a car loan in Chittor is easy with Dialabank. You just have to visit the site and fill the form available online, after which you will be contacted by our relationship manager on your provided contact number. The expert will guide you through the process of the loan application and will introduce you to the best deals available in the market as per your needs.
  • Offline process: The offline process of applying for a car loan in the city can be hectic and tiresome. You may have to make multiple visits to your lender before your application gets approved for the entire process.

Thus, Dialabank is your best agent when thinking of a car loan in Chittor. The process is simple and hassle-free when applied through Dialabank for a great experience.


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Which Bank in Chittor Offers the Best Car Loans?

Many big banks and NBFCs, including HDFC, ICICI, and SBI, offer vehicle loans in Chittor. 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 Chittor

TABLE WILL APPEAR

Processing Fees & Prepayment Charges on Car Loan Chittor

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 Chittor

A CIBIL score is a score and numeric value that describes the repayment ability of your past loans efficiently and effectively. The minimum CIBIL score requirement for car loans in Chittor varies from one bank to bank. So, maintaining a good CIBIL score is very essential if you want to avail a car loan in Chittor. Major lending institutes accept a 750+ score to process your car loan application in the city but these may be higher or lower depending upon the individual banks and NBFCs.


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Car Loan Chittor Contact Number

You may contact on the number 9878981166 to apply for your car loan in Chittor or in case of any queries regarding the car loan process.


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Pre Calculated EMI Table for Car Loan Chittor

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 Chittor

Chittor is a city and municipality situated in Rajasthan, northwest India. It’s known for the presence of honey-colored, 7th-century Chittor Fort, a vast hilltop complex with the remains of many temples and monuments. The 15th-century, 9-story Vijay Stambh (Tower of Victory) is built from red sandstone and white marble. It offers city views from the top, and it is lit up at night. Nearby is the Rajput-style Fateh Prakash Palace.


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Car Loan Banks in Chittor

ANDHRA BANK S.V.UNIVERSITY CAMPUSTIRUPATI, CHITTOOR DIST ANDB0001032
ANDHRA BANK S.V.ORIENTAL COLLEGE BRANCHKT ROAD, TIRUPATHI, CHITTOOR DIST ANDB0001033
STATE BANK OF INDIA UAUAHHDS SBIN0020328
STATE BANK OF INDIA HNO10 3 82 SESHAPIRAN STREET CHITTOOR 517001 ANDHRA PRADESH SBIN0020795
STATE BANK OF INDIA AAUIGAAEAIIUPAHI SBIN0020797
STATE BANK OF INDIA 822685 AABBAN TOWERS TIRUMALA BYEPASS ROAD OPP SARAYU SUPERMARKET ROAD TIRUPATHI CHITTOR DT SBIN0020883
STATE BANK OF INDIA N42CTMRAMAANAPALLEISTCHITTR SBIN0020901
STATE BANK OF INDIA AAIANKINGCOMPEXDMRDAOVESITIRUMAA SBIN0020922
STATE BANK OF INDIA TIRUPATI TIRUPATI SBIN0020926
STATE BANK OF INDIA N4785786787 BESIE RIVER SWARNA MUKHI BRIGE PNRA SRI KALAHASTHI SBIN0021039
STATE BANK OF INDIA N14121 STV NAGAR AIR BYPASS RA TIRUPATHI SBIN0021060
STATE BANK OF INDIA 19 3 13M FIRST FLOOR HEROHONDA SHOWROOM OLD RENIGUNTA ROAD SBIN0021086
SYNDICATE BANK CHOWDEPALLI VILLAGE, CHITTOR, CHITTOR, ANDHRA PRADESH,517257, INDIA SYNB0003187
SYNDICATE BANK IN THE PREMISES OF KOKA BHARATI WO VIJAYA SIMHAM,1125 NAGULAPURAM ROAD, DIST CHITTOR ANDHRA PRADESH INDIA 517590 SYNB0003791
UCO BANK CHITTOR HOUSE NO.10-194, GRND FLOOR 517001 UCBA0002185

FAQ’s About Chittor Car Loan

✅ 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.