Best Banks for Car Loan in Israna
Car Loan Israna 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
Do you have a need to upgrade? Do you want to give your loved one an automobile as a present? You don’t want it to have an impact on your budget? Don’t worry, Dialabank will take care of everything for you. With Dialabank, you may acquire a loan in a matter of minutes, with minimal paperwork and low-interest rates. Our relationship managers will walk you through each stage of the procedure and provide you with the necessary papers.
Car Loan Israna Eligibility Criteria
The car loan eligibility requirements are Given below:-
| 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 Israna EMI Calculator
Car Loan Israna 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 Israna Fees and Charges : Leading Banks – Jun 08 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
Car Loan Israna Documents Required
Documents required for a car loan is as given below:
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 Israna
In Israna, a variety of lenders offer automobile loans with varied interest rates, although they are all reasonably affordable. To receive the best vehicle loan interest rates in Israna, follow the steps outlined below.
- Considerably Shorter Repayment options– Because the monthly EMIs on car loans are modest, many people assume that longer payback terms are better. Long repayment terms are seen by lenders as a sign of a borrower’s poor repayment ability. Thus they charge a greater interest rate on lengthier loans than on short-term loans. If you want to save money on your car loan, consider a shorter payment period.
- Analysis and comparison between different lenders – Before applying for a car loan, borrowers must first investigate and compare the perks given by various lenders. This can assist consumers in determining which lenders offer the greatest interest rates and which plan best meets their needs.
- Maintain a low debt-to-income ratio -If you aren’t using a large portion of your income to pay off an existing loan, your chances of getting a new loan increase.
- Maintain a good credit score. If your actual credit score during the time of application is 750 or higher, lenders will be happy to provide you with a car loan with lower interest rates because it demonstrates that you have made regular repayments on past loans.
How to Apply for a Car Loan at Israna?
- Visit the Dialabank website.
- Click on the loan section and select the car loan option.
- Fill up all the required columns with your personal information.
- In a few minutes, you will receive a call from our experts.
- Then, you can start the loan process.
Which Bank in Israna Offers the Best Car Loans?
Vehicle loans are available in Israna from a variety of large banks and NBFCs, including HDFC, Private, and SBI. Before applying for a vehicle loan that matches all of his individual needs, a wise applicant should compare vehicle loans from all of these providers.
Car Loan for Major Car Manufacturers in Israna
TABLE WILL APPEARProcessing Fees & Prepayment Charges on Car Loan Israna
The processing Fees and Prepayment charges on an auto loan are: –
| 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 |
CIBIL Score Required for Car Loan in Israna
When it comes to securing a loan, your CIBIL score is always important. A good CIBIL score is always between 700 and 900. If the CIBIL score of the concerned applicant is 750 or more, the loan will be approved swiftly. If the CIBIL score is below 700, you may be charged a higher interest rate on your loan.
Car Loan Israna Contact Number
To get quick and fast help and any more queries, you can call 9878981166.
Pre Calculated EMI Table for Car Loan Israna
check here for Pre calculated EMI table for a car loan.
| 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 Israna
Israna is a village panchayat and tehsil in Haryana’s Panipat district. It is located in Panipat Division. It is 18 kilometers south of the district headquarters Panipat and 188 kilometers north of the state capital Chandigarh.
Car Loan Banks in Israna
| HDFC BANK | HDFC BANK LTDPLOT NO.65, VPO AMAR ANAJ MANDI | HDFC0001730 |
| HDFC BANK | VIL-KAKODA, MAIN PUGTHALA BUS STAND TEHSIL-ISRANA, DIST-PANIPAT, KAKODA HARYANA 132107 | HDFC0003441 |
| Private BANK LIMITED | Private BANK LTD., SHOP NO. 84, OUTSIDE GRAIN MARKET, ROHTAK ROAD, ISRANA – 132107, PANIPAT DIST., HARYANA | ICIC0002117 |
| INDUSIND BANK | GROUND FLOOR, SHOP NO 82 & 83, WAKA MOTI MANDI, ISRANA- 132107, DIST PANIPAT , HARYANA | INDB0000466 |
| ORIENTAL BANK OF COMMERCE | VILLAGE AND PO ISRANA, DIST PANIPAT, ISRANA | ORBC0100092 |
| ORIENTAL BANK OF COMMERCE | N.C.COLLEGE OF ENGG., VILL & POST, ISRANA, DIST PANIPAT, ISRANA | ORBC0105220 |
| STATE BANK OF INDIA | PREMISES OF SH AJMER SINGH SO SH MAHA SINGH AMAR ANAJ MANDI P.O. ISRANA DISTT PANIPAT 132107 | SBIN0013693 |
| STATE BANK OF INDIA | VILL PO ISRANA TEHSIL ISRANA OPP POLICE STATION PANIPAT GOHANA ROAD DISTT PANIPAT | SBIN0051343 |
FAQ’s About Israna Car Loan
✅ Is a car loan interest rate negotiable?
The interest rate for a car loan is easily negotiable based on your FICO score, credit history, and previous relationships with the lender.
✅ What car loan tenures are usually there?
Most banks offer loan tenures from a year to 7 years, depending on the loan amount and the client’s repayment capacities.
✅ Is a guarantor obligatory for a car loan?
A guarantor is only necessary if you fail to meet at least one of the Bank or NBFC’s qualification criteria.
