Car Loan Jankampet

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Car Loan Jankampet

Best Banks for Car Loan in Jankampet


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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

Car Loan Jankampet

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


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Car Loan Jankampet 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


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Car Loan Jankampet EMI Calculator

Car Loan Jankampet 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 Jankampet 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 Jankampet 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.


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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, ICICI, 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
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


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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.


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Car Loan Jankampet Contact Number

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


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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


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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.


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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.