Car Loan Janial

Car Loan Janial

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Best Banks for Car Loan in Janial

Car Loan Janial 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 Janial

Are you tired of riding a two-wheeler and want to upgrade to a four-wheeler? But you don’t have time to go to multiple banks and examine interest rates, documents, and other factors. We will give you all the necessary information promptly and will answer any of your questions. So apply with Dialabank and benefit from the best services available.

Car Loan Janial

Car Loan Janial 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 Janial EMI Calculator

Car Loan Janial 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 Janial Fees and Charges: Leading Banks – Apr 20 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

Car Loan Janial 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 Janial

Because the monthly EMI (equal monthly instalment) is cheap, many vehicle loan applicants mistakenly believe that longer repayment terms are better. They are unaware that lenders view longer payback terms as a sign of a borrower’s poor repayment ability, and as a result, they are charged comparably higher interest rates.
A wise borrower will first investigate and compare the perks provided by various lenders. This can assist the borrower in determining which lenders offer the most significant interest rates and, as a result, which lender to select.
A borrower’s debt-to-income ratio determines how much of his income goes toward repaying a previous loan, and lenders consider this when establishing interest rates. If your debt-to-income ratio is lower, you have a higher chance of securing a car loan with a lower interest rate.
If you wish to qualify for a loan with many banks and NBFCs, you’ll need a credit score of at least 750. Although some lenders will grant bad credit borrowers auto loans, they will charge a higher interest rate.

How to Apply for a Car Loan in Janial?

Visit the Dialabank website.
On the webpage, select the car loan option.
Fill in the blanks with your information.
Our relationship manager will contact you as soon as possible at the phone number you provided.
You can also contact us at 9878981166 in case of any queries regarding your loans.

Which Bank in Janial Offers the Best Car Loans?

Vehicle loans are available in Janial from most significant banks, including but not limited to HDFC, Private, and SBI. So naturally, the best lender for you is one that can give you the loan amount you require at a reduced interest rate and transfer the funds as promptly as feasible. Therefore, it’s always a good idea to shop around for vehicle loans from various lenders before settling on one that fulfils all of your requirements.

Car Loan for Major Car Manufacturers in Janial

TABLE WILL APPEAR

Processing Fees / Prepayment Charges on Car Loan Janial

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 Janial

Your CIBIL score indicates your ability to repay your debts on schedule. In addition, a high credit score means that you have a strong credit history, which makes it easier to process your vehicle loan application. In Alas, most lenders consider a credit score of 750 or more to be adequate to approve your loan application.

Car Loan Janial Contact Number

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

Pre Calculated EMI Table for Car Loan Janial

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 Janial

Janial is a village in the Bamial Tehsil of Punjab’s Gurdaspur District. It is 36 kilometres north of Gurdaspur, the district headquarters. Bamial is 4 kilometres away. Chandigarh, the state capital, is 255 kilometres away.
The pin code for Janial is 145027, and the postal head office is in Bamial.

FAQ’s About Janial Car Loan

✅ Is collateral required for a car loan?

A car loan is a secured loan, and the car itself is a collateral asset. Therefore, if the borrower fails to pay the loan, the bank will sell the vehicle.