Car Loan Dabra

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Car Loan Dabra

Best Banks for Car Loan in Dabra


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Car Loan Dabra 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 Dabra


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Car Loan Dabra 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 Dabra EMI Calculator

Car Loan Dabra 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 Dabra Fees and Charges : Leading Banks – Mar 29 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


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Car Loan Dabra 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 Dabra

The interest rates on auto loans offered by various lenders in Dabra may differ, but they are all lucrative and competitive. If you wish to avail of the best car loans in Dabra, follow the steps below :

  • Choosing a shorter re-payment term – A number of car loan applicants trust that lengthier re-payment terms are comparatively better because the monthly EMIs (equated monthly instalments) are low. They ignore the fact that lenders take lengthier terms as an indication of a person’s low re-payment capabilities, so they might charge them a higher interest rate on the loan. So, considering a shorter payment period might still be a good idea.
  • Researching and comparing perks offered by lenders – To get a decent deal on an auto loan, one must compare & explore the perks offered by lenders in Dabra. With our help and all this research, you will be able to identify which lending institutions have the most competitive interest rates and whom to choose.
  • Maintaining a modest debt to income ratio – This ratio measures the amount from the borrower’s income that goes into loan re-payment, and lenders recognize these details while deciding upon interest rates. Lower your debt-to-income ratio, the higher susceptibility of getting a car loan with lower interest rates.
  • Maintaining good credit scores — Good credit scores show that you are a trustworthy client and hence, draw out the best interest rates from lenders. Typically, a credit score of above 750 is considered to be healthy. A higher interest rate is demanded from the ones having a not so great credit score. You can find out your credit scores regularly with Dialabank’s very own “Free Credit Score” service to guarantee a good credit score.

How to Apply for a Car Loan in Dabra?

At first, you will be required to visit our official site Dialabank in order to understand and apply for a car loan online. Do not forget to enter your contact details as we will offer our services to you according to your requirements. Dialabank is the most resourceful platform where you can apply for the best car loans at great interest rates and prices.

Availing of a car loan in Dabra is a very easy process when done through Dialabank. You just have to follow the few steps given below to do so :

  • Visit our official website Dialabank
  • Select the car loan option available in the Menu
  • Fill in your details regarding the car type and personal income
  • Kindly be patient as our customer service professional will soon contact you on the number that you provided
  • You can also contact our relationship managers directly on 9878981166 in case of any queries or just for gaining insight regarding the loan
  • For getting a car loan offline, you will have to visit the branch in person, which might turn to be hectic and tedious eventually


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Which Bank in Dabra Offers the Best Car Loans?

Many big banks and NBFCs, including HDFC, Private, and SBI, offer vehicle loans in Dabra. Dialabank can help borrowers choose a lender that can provide them with the loan amount they need at a reasonable interest rate and can distribute the funds as quickly as possible.

Car Loan for Major Car Manufacturers in Dabra

TABLE WILL APPEAR

Processing Fees / Prepayment Charges on Car Loan Dabra

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 Dabra

The CIBIL score is referred to as what defines your ability to pay off your credits.


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Car Loan Dabra Contact Number

Lenders usually prefer a CIBIL score of 750 or above, but in case of a low CIBIL score than the required value, the borrowers will be required to pay a high rate interest rate on their loan amount. Although, If their CIBIL score is good, then they have to pay a low rate of interest. Thus, a CIBIL score is an important factor in a car loan.


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Pre Calculated EMI Table for Car Loan Dabra

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 Dabra

Debra is a town in the Gwalior district in the state of Madhya Pradesh, India. If you want to take Car Loan Dabra, visit our website and get the loan at a low rate of interest.


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Car Loan Banks in Dabra

Bank Name Bank Address Bank IFSC Code
BANK OF BARODA NEAR BUS STAND, JHANSI ROAD,GWALIOR, MADHYA PRADESH 75110 BARB0DABRAX
BANK OF INDIA DABRA BRANCH, 183, BALAJI SHOPPING COMPLEX,AGRASEN CHOUAHA, WARD NO. 18- DABRA BKID0009457
CENTRAL BANK OF INDIA SUBHASH GANJ, MAIN ROAD, DABRA, DIST-GWALIOR,MADHYA PRADESH-475110 CBIN0281098
CANARA BANK THAKUR BABA ROAD DABRA DIST. GWALIOR 475 110 CNRB0004256
Private BANK LIMITED Private BANK LTD- WARD NO- 16- HOUSE NO- 16- JAWAHAR GANJ. BITTARWAR ROAD- DABRA- DIST GWALIOR 475110 ICIC0001437
INDIAN OVERSEAS BANK 176 DABRA GAOM KI PULIYA, HANUMAN COLONY, GWALIOR ROAD, DABRA, MADHYA PRADESH 475110 IOBA0003482
ORIENTAL BANK OF COMMERCE MAIN ROAD,NEAR KRISHI UPAJ MANDI,DABRA,475110,,DABRA ORBC0100812
PUNJAB AND SIND BANK SUBHASH GANJ, DABRA , DISTT. GWALIOR, MADHYA PRADESH-475110 PSIB0000643
STATE BANK OF INDIA OPPOSITE BUS STAND, DABRA, DISTRICT HISAR HARYANA125001 SBIN0016138
STATE BANK OF INDIA SUBHASH GANJ,STATION ROAD SBIN0030097
UNION BANK OF INDIA NEAR SBI ATM MOR DHARM KANTA PIN475110 UBIN0577260
UCO BANK UCO BANKDABRA BRANCH 475110 UCBA0000038
UCO BANK VILL & PO-SHUKLHARITEH-DABRA DIST-GWALIOR 475115 UCBA0001544
AXIS BANK BUILDING NO. 424, NEAR GAUTAM FILLING STATION (PETROL PUMP), HARSI BHITARWAR MAIN ROAD, DABRA (MP) – 475110 UTIB0001930

FAQ’s About Dabra Car Loan

✅ What kinds of vehicles can one purchase using a car loan?

Car loans/auto loans can be used to buy a number of passenger vehicles, including MUVs, SUVs, and many other types of automobiles. A vehicle for business purposes and tractors, trucks, and even construction equipment loans can be availed from select lenders.

✅ Is it possible to get a loan on my current vehicle?

Yes, provided you have a strong payment record with your current lending institution, many pf them will grant you a loan on your current automobile.

✅ What all options do I have for re-paying my car loan?

Standing Instruction (SI), Electronic Clearing Service (ECS), and Post-Dated Cheques (PDCs) are three options for repaying your loan (PDCs). Generally, we advise that you repay your loan amount using the 1st two options as they are faster and have lower risks involving error, which is not the same for PDCs.

✅ Do I need a guarantor for a car loan?

Most lenders do not ask for a guarantor to be present while taking a car loan. However, if your annual income is below the required minimum, lenders might ask you to provide a co-applicant or guarantor to demonstrate your credibility.