Best Banks for Car Loan in Jankampet
Car Loan Jankampet 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 want to improve your current vehicle? Do you want to give your loved one an automobile as a present? You don’t want it to have an impact on your monthly budget? Don’t worry, Dialabank will take care of everything for you. Dialabank allows you to receive a car loan in a matter of minutes, with minimal paperwork and the lowest interest rates. Our expert relationship managers will contact you and assist you with every stage of the procedure, as well as all of the papers required for loan approval.
Car Loan Jankampet Eligibility Criteria
Salaried Individual
Net Monthly Income – Minimum ₹ 20,000
Employment Duration – 1-year minimum
Income Eligibility – Based on Form 16 and salary slip
Self-Employed Individuals
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)
Employment Duration – 3 years minimum
The applicant has to present IT returns and audited financials of 2 years with Calculated Income.
Priority Customers
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 Jankampet EMI Calculator
Car Loan Jankampet Fees & Charges
7.35% per annum
Charges
New Car Loan
Used Car Loan
Interest Rate
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 Jankampet Fees and Charges: Leading Banks – Mar 29 2024
Bank
Processing Fee
HDFC Bank Car Loan
(1999 - 4999) + Tax
Axis Bank Car Loan
1 % to 2.50%
Nil
Private Bank Car Loan
0.25% to 1.50%
SBI Car Loan
500/- to 0.50%
Nil
Kotak Car Loan
1% to 2%
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 Jankampet Documents Required
Salaried Individual
Category
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)
Birth Certificate
High School Marksheet
Driving Licence
Signature Proof(Any 1)
Bankers Verification
Passport
Income Proof
Bank Statement
Employment Continuity Proof
ITR of Form no. 16
Salary Slip mentioned with joining date
Letter of Appointment
Self-Employed Individuals
Category
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)
Bankers Verification
Passport
Bank Statement
Employment Continuity Proof
Shop & Establishment Act Certificate
Shop & Establishment Act Certificate
Sales Tax or VAT Certificate
Business Proof
Telephone Bill/Electricity Bill
Shop & Establishment Act Certificate
SSI or MSME Registration Certificate
Self-Employed Non-Individuals:
1. Partnership Firms/Societies
Category
Identity Proof (Any 1)
Driving Licence
PAN Card
Aadhar Card
Passport
Address Proof (Any 1)
Aadhar Card
Driving License
Voter ID
Income Proof
P&L Account
ITR for the previous 2 years
Bank Statement
Last 6 month
Business Continuity Proof
Audited Balance Sheet
TAX registration Certificate
Current Account Statement
Additional documents
2. Private Limited/Limited Companies
Category
Identity Proof
Copy of Incorporation
Address Proof (Any 1)
Telephone Bill
Electricity Bill
Shop & Establishment Act Certificate
Sales Tax Certificate
Income Proof
P&L Account and ITR for the previous 2 years
Bank Statement
Previous 6 Months
Business Continuity Proof
ITR of the Company of the past 2 years
Audited Balance Sheet
Shop & Establishment Act Certificate
Additional documents
Board Resolution
PAN Card
Certificate of Commencement of Business for Ltd. Co.
How to Get the Best Car Loan Interest Rates in Jankampet
In Jankampet, various lenders offer automobile loans with varied interest rates, but they are all comparatively reasonable and inexpensive. To receive the best vehicle loan interest rates in Jankampet, follow the steps outlined below.
- Choose a shorter repayment term – Long-term loans are typically better because the monthly EMIs are relatively cheap. Lenders see extended repayment terms as a sign of a borrower’s limited repayment capacity. Thus they charge a higher interest rate. If you want to save money on your auto loan, consider a shorter repayment time.
- Research and compare the perks offered by different lenders – Before applying for a car loan, borrowers must first investigate and compare the bonuses given by various lenders. This can assist customers in determining which lenders offer the most fantastic interest rates and which vehicle loan plan is the best fit for them.
- Maintain a low debt-to-income ratio – If you don’t use a large portion of your monthly income to pay off an existing loan, your chances of getting a new loan authorised skyrocket.
- Maintain a good credit score — If you have a credit score of 750 or higher, lenders would gladly provide you with a low-interest auto loan because it demonstrates that you have made timely repayments on past loans.
How to Apply for a Car Loan in Jankampet?
- Visit the Dialabank website.
- Select an auto loan and then a car loan link from the loan section.
- Please give us all of your details, including your phone number.
- You will receive a call from one of our professionals in a few minutes.
- Then you can begin the loan application process.
Which Bank in Jankampet Offers the Best Car Loans?
Vehicle loans are available in Jankampet from several reputable lenders, including HDFC, Private, and SBI. Before applying for a vehicle loan that matches all of his individual needs, a financially responsible borrower should constantly examine different vehicle loans from all of these lenders.
Car Loan for Major Car Manufacturers in Jankampet
TABLE WILL APPEAR
Processing Fees & Prepayment Charges on Car Loan Jankampet
Check here for the processing Fees and Prepayment charges on a car loan.
Category
Details
Processing Charges
Prepayment
Preclosure
Stamp Duty
Cheque Bounce Chgs
Floating Rate of Interest
Not Applicable
Overdue EMI Interest
Amortisation Schedule Chgs
Rs 200 + GST
CIBIL Score Required for Car Loan in Jankampet
In the loan approval process, your CIBIL score is always important. A good Cibil score is always between 700 and 900. The loan will be authorised fast if the borrower’s CIBIL score is more significant than 750. On the other hand, if the CIBIL score is less than 700, the loan may still be charged, but the interest rate will almost certainly be higher.
Car Loan Jankampet Contact Number
To get instant help and any more queries, you can call 9878981166.
Pre Calculated EMI Table for Car Loan Jankampet
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 Jankampet
Jankampet is a village in Telangana’s Nizamabad district. It is part of the Yeda Palle Mandal. Jankampet’s population is expected to range between 9,783 and 12,305 people in 2020/2021, with a total of 2203 houses.
FAQ’s About Jankampet Car Loan
✅ Is it possible to negotiate the interest rate on a car loan?
The interest rate on a car loan can be negotiated based on your FICO score, track record, and previous relationship with the lender.
✅ What are the most common vehicle loan terms?
Depending on the loan amount and the client’s repayment capacity, most banks provide loan terms ranging from a year to seven years.
✅ Is it necessary to have a guarantor 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.