Car Loan Ibban

Best Banks for Car Loan in Ibban

Car Loan Ibban 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 Ibban

Car Loan Ibban 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 Ibban EMI Calculator

The EMI Calculator for Car Loan Ibban are mentioned below:

Car Loan Ibban 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 Ibban Fees and Charges: Leading Banks –

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 Ibban 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 Ibban

The interest rates on vehicle loans offered by totally different lenders in Ibban could vary, however, they’re all cheap and competitive. If you would like to induce a car loan Ibban in with a very cheap/low-interest rate, follow the steps below:

Maintain a modest debt-to-income quantitative relation – The debt-to-income quantitative relation measures the proportion of the applicant’s financial gain towards loan compensation, and lenders consider this once setting interest rates. If your debt-to-income quantitative relation is lower, you’ve got a much better probability of obtaining a car loan with a affordable interest rate.
Choose a shorter compensation term – several car loan candidates do not aware that lenders read lengthier payback terms as a sign of a borrower’s low compensation capabilities so that they charge higher interest rates.
Research and also compare the perks offered by totally different lenders –To induce an honest deal on an automobile loan, you want to1st to explore and compare the advantages offered by totally different lenders. this will assist you to fathom that lenders have the simplest interest rates and, as a result, that investor to settle on.

How to Apply for a Car Loan in Ibban?

Follow the subsequent steps to avail of the simplest offers:

Visit our website Dialabank.
Click on the auto loan choice accessible within the menu
Fill in the details concerning the automobile kind and your financial gain Wait as our relationship manager can presently get connected with you on your provided range.
You may conjointly contact our relationship managers on 9878981166 just in case of any queries concerning the loan.
To avail of a car loan offline, you’ll have to be compelled to visit the branch in person, which could address feverish for you.

Which Bank in Ibban Offers the Best Car Loans?

Many massive banks and NBFCs and HDFC, Private, and SBI supply vehicle loans in urban centres. the best investor will give you the loan quantity you wish at an affordable rate of interest and distribute the funds as quickly as possible. it’s continually a decent plan to check vehicle loans from several lenders before applying for one that meets all of your desires, like interest rates.

Car Loan for Major Car Manufacturers in Ibban

TABLE WILL APPEAR

Processing Fees / Prepayment Charges on Car Loan Ibban

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 Ibban

The CIBIL score is mentioned as what defines your ability to pay off your credits. a better Credit score means smart credit history and makes your Car Loan application method sleek and straightforward to be processed. This score may all over again vary from bank to bank.

Thus, a CIBIL score is crucial to consider a Car Loan.

Car Loan Ibban Contact Number

To know more about the car loan in Ibban, you can call us on 9878981166. Our employees can guide you at every phase.

Pre Calculated EMI Table for Car Loan Ibban

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 Ibban

Ibban is a village located in the Kapurthala district of the state of Punjab, India. If you would like to want a car loan from Ibban, visit our website and acquire the loan at an affordable rate of interest.

FAQ’s About Ibban Car Loan

✅ Do Car Loans embrace registration fees?

Car loans don’t demand the insurance or registration fees that you simply got to pay at the time of shopping for the vehicle. automobile insurance must be purchased one by one and every vehicle registration-related prices even have to be borne by you as they’re not lined by your personal loan.

✅ Is it smart to shut a Car Loan early?

You may wish to avoid the long compensation tenure by paying off the loan early. However, if the penalty quantity is far over the interest charges, it’s not an honest plan to proceed with the pre-closure. In reality, pre-closing a car loan is probably going to own little impact on your credit score.

✅ How much is that the minimum deposit on a car?

When you take a loan, some banks can expect you to pay a particular portion (usually five-hitter to 15%) of the automobile price to the dealer before they unharness the personal loan. this can be known as a deposit.