Car Loan Dadahur

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Car Loan Dadahur

Best Banks for Car Loan in Dadahur

Feature HDFC Bank Private Bank
Kotak Mahindra Bank
Interest Rate (p.a.) 7.35 % - 7.95 % 8.5 % - 9.5 % 11 %
Min Loan Amt Metro : 1 Lac & Non Metro: 75000 75000 75000
Max Loan Amt 1 Cr 1 Cr 1 Cr
Loan Tenure Upto 7 Years Upto 5 Years Upto 5 Years
Processing Fee 1999 - 4999 + Tax 0.25% to 1.50% 0.25% to 1.50%
Preclosure Chgs 2%, Nil after 24 months 2%, Nil after 36 months Nil
Loan to Value (LTV) Upto 100% on Ex- showroom Upto 95% on Ex- showroom
Upto 90% on Ex- showroom

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Car Loan Dadahur 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 Dadahur

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Car Loan Dadahur 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 Dadahur EMI Calculator

Car Loan Dadahur 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 Dadahur Fees and Charges: Leading Banks – Sep 23 2023

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 Dadahur Documents Required

Salaried Individual

Documents Required
Identity Proof (Any 1) Passport
Voter ID
Aadhar Card
Driving License
Address Proof (Any 1) Aadhar Card
Driving License
Electricity Bill
Date of Birth Proof(Any 1)
Birth Certificate
High School Marksheet
Driving Licence
Signature Proof(Any 1)
Bankers Verification
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

Documents Required
Identity Proof (Any 1) PAN Card
Voter ID
Aadhar Card
Address Proof (Any 1) PAN Card
Voter ID
Electricity Bill
Date of Birth Proof (Any 1) Birth Certificate
Driving Licence
Signature Proof (Any 1)
Bankers Verification
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

Documents Required
Identity Proof (Any 1) Driving Licence
PAN Card
Aadhar Card
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

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 Dadahur

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

How to Apply for a Car Loan in Dadahur?

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. Availing of a car loan in Dadahur 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
  • Choose the car loan option on the menubar.
  • 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 Dadahur Offers the Best Car Loans?

Many big banks and NBFCs, including HDFC, Private, and SBI, offer vehicle loans in Dadahur. Car Loans are secured against the car itself and hence save you the trouble of leveraging any other asset such as property or ornaments that you might possess. One must never have to rethink their decision of buying the car on loan in your region. Taking a car loan means that the individual will retain the vehicle once the loan is repaid in full, which would also add to his/her credit history.

Car Loan for Major Car Manufacturers in Dadahur


Processing Fees / Prepayment Charges on Car Loan Dadahur

Category Details
Processing Charges
1999 - 4999 + Tax
No prepayment is allowed until 12 EMIs are paid
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 Dadahur

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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Car Loan Dadahur Contact Number

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

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Pre Calculated EMI Table for Car Loan Dadahur

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 Dadahur

Dadahur is a village located in Raikot Tehsil in Ludhiana District in the Indian state of Punjab. Car loans in Dadhaur are beneficial and convenient to avail and are best for purchasing any kind or model of car.

FAQ’s About Dadahur 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.