Car Loan Jagatsinghapur

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Car Loan Jagatsinghapur

Best Banks for Car Loan in Jagatsinghapur

Feature
HDFC Bank
ICICI 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 Jagatsinghapur 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 Jagatsinghapur

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.


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Car Loan Jagatsinghapur 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

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Car Loan Jagatsinghapur EMI Calculator

Car Loan Jagatsinghapur 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 Jagatsinghapur 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 Jagatsinghapur 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.

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How to Get the Best Car Loan Interest Rates in Jagatsinghapur

In Jagatsinghapur, 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 Jagatsinghapur, 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 Jagatsinghapur?

  • 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 Jagatsinghapur Offers the Best Car Loans?

Vehicle loans are available in Jagatsinghapur from a variety of large banks and NBFCs, including HDFC, ICICI, 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 Jagatsinghapur

TABLE WILL APPEAR

Processing Fees & Prepayment Charges on Car Loan Jagatsinghapur

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

car loan

CIBIL Score Required for Car Loan in Jagatsinghapur

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.


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Car Loan Jagatsinghapur Contact Number

To get quick and fast help and any more queries, you can call 9878981166.


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Pre Calculated EMI Table for Car Loan Jagatsinghapur

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

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About Jagatsinghapur

Jagatsinghpur District is one of Odisha’s thirty districts, located on the country’s eastern coast. It was detached from Cuttack district on April 1, 1993, and became an independent district. It is located between longitudes of 860 3′ E and 860 45′ E, and latitudes of 19058′ to 20023′ north. Hariharapur was the ancient name for the city.


car loan

Car Loan Banks in Jagatsinghapur

ANDHRA BANK AT KENDALA, JAGATSINGHPUR DIST,754114 ANDB0002402
BANK OF BARODA 1 FLOOR, ABOVE SREERAM CEMENT, STORE, CUTTACK-MACHHAGAON ROAD, JAGATSINGHPUR, ORISSA-754103 BARB0JAGATS
CENTRAL BANK OF INDIA GOPAL SAGAR, NEAR GANDHI CHOWK, P.O.JAGATSINGHPUR, DIST-JAGATSINGHPUR, ORISSA-754103 CBIN0283277
CANARA BANK CANARA BANK, PARADEEP ROAD, SANA BAZAR, JAGATSINGHPUR, ORISSA PIN-754103 CNRB0003363
CORPORATION BANK PLOT NO 44, MOUZA CHATRA IN FRONT OF SOMNATH HAT AT BY PO BY DIST JAGATSINGHPUR 754103 ORISSA CORP0001993
HDFC BANK HDFC BANK LTD DURGA BAZAR P.O.JAGATSINGHAPUR HDFC0002186
IDBI BANK IDBI BANK LTD, GOPAL SAGAR, IN FRONT OF SBI EVENING BRANCH, MAHALAXMI COMPLEX, JAGATSINGHPUR, 754103, (ORISSA) IBKL0001041
ICICI BANK LIMITED ICICI BANK LTD., COLLEGE SQUARE ROAD, JAGATSINGHPUR – 754103, ORISSA ICIC0000467
INDIAN BANK PANCHAYAT OFFICE, UTTAR SASAN, MADHYA SASAN, JAGATSINGHPUR DIST, ORISSA, PIN – 754111 IDIB000U033
STATE BANK OF INDIA DISTT. JAGATSINGHPUR, ORISSA 754103 SBIN0003943
SYNDICATE BANK AT-KUJANGA BAZAR PO-KUJANGA DIST-JAGATSINGHPUR ODISHA INDIA -754141 SYNB0007268
UCO BANK COLLECTORATE CAMPUSJAGATSINGHPUR 754103 UCBA0002075
AXIS BANK PLOT NO. 13531821, SANA BAZAR JAGATSINGHPUR, ORISSA, PIN 754103 UTIB0001635
YES BANK AT-PO-JAGATSINGHPUR,754103 YESB0CCCB12
ANDHRA BANK ATPODIST-JAGATSINGHPUR, MAIN ROAD , – 754103 ANDB0001374
HDFC BANK AT JAHANPUR GRAM PANCHAYAT PO MANDASAHI JAGATSINGHPUR ORISSA 754114 HDFC0003728
IDBI BANK GROUND FLOOR, MMB UNIT-11-14 MADHUBAN MARKET PANPOSH ROAD, ADJ TO THE NEW INDIA INSURANCE OFFICE PARADIP JAGATSINGHPUR ORISSA 754 142 IBKL0000254
ICICI BANK LIMITED ICICI BANK LTD, AT JAGANATHPUR, DIST RAGHUNATHPUR ODISHA. ICIC0003274
INDIAN BANK AT-PO- DURGABAZZAR, JAGATSINGHPUR, JAGATSINGHPUR DIST, ORISSA STATE, PIN 754103 IDIB000J038
STATE BANK OF INDIA POERSAMA, DIST JAGATSINGHPUR, ORISSA, PIN754139 SBIN0012045
STATE BANK OF INDIA PLOT NO447 30 NIGAM NIVASBIJAYCHANDRAPUR IFFCO CHOWKPARADEEP SBIN0021212
SYNDICATE BANK SANA BAZAR, JAGATSINGPUR, JAGATSINGHPUR, ORISSA, 754 103 SYNB0008027
SYNDICATE BANK AT SABHAMULA PO PALASA DIST JAGATSINGHPUR ODISHA 754114 SYNB0008084
UNION BANK OF INDIA SANA BAZAR, SURYA MANDIR FASHION BUILDING UBIN0560014
UCO BANK 1ST FL, NETAJI MARKET COMPLEX NEAR BUS STAND 754103 UCBA0001854

FAQ’s About Jagatsinghapur Car Loan

 What kinds of vehicles will I be able to buy with a car loan?

Car loans can be used to purchase a variety of Traveller vehicles, such as SUVs (Sport Utility Vehicles), MUVs (Multi Utility Vehicles), and other vehicles. A car loan can also be used to purchase a vehicle for commercial purposes. Some banks also offer loans for trucks, tractors, and construction equipment.

Is it possible for me to get a loan on my present car?

Yes, many lenders will issue you a loan on your present vehicle if you have a good payment history with your current lender.

What are my choices for repaying my auto loan?

Three possibilities for repaying your loan are Standing Instruction (SI), Electronic Clearing Service (ECS), and Post-Dated Cheques (PDCs). The first two choices are normally recommended for returning your loan because they are faster and have a smaller risk of error, which is not the case with PDCs.