Car Loan Jaraka

Best Banks for Car Loan in Jaraka

Feature	HDFC Bank	Private 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

Car Loan Jaraka 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 Jaraka

Do you wish to get your car because you’re tired of taking the bus and waiting for it for a long time? Dialabank is here to assist you with all of the necessary services for obtaining a Car Loan. So get an Automobile Loan Jaraka now and start driving about in your car.

Car Loan Jaraka

Car Loan Jaraka 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 Jaraka EMI Calculator

Car Loan Jaraka 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 Jaraka Fees and Charges: Leading Banks – Apr 19 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 Jaraka 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 Jaraka

Car loans in Jaraka offered by lenders are different, but they are reasonable.

Choose a shorter repayment for a Car Loan in Jaraka – Because the EMIs for such a car loan are modest, people assume that longer payback terms are better. However, they don’t appear to realise that lenders in Jaraka view longer payback terms as a sign of a borrower’s poor repayment ability, so they charge greater interest.
Research and compare offers by different lenders in Jaraka – You should investigate and compare the advantages of various lenders in Jaraka. This can assist you in determining which lenders in Jaraka offer the most fantastic interest rates and which lender to chose for a car loan.
Maintain a modest debt-to-income ratio for a Car Loan in Jaraka – The debt-to-income ratio in Jaraka calculates how much of your income is used to pay off other debts. When setting interest rates in Jaraka, lenders take this into account. So, if your debt-to-income ratio is minimal, you should have no trouble getting a vehicle loan in Jaraka.
For Car Loan in Jaraka Maintain a good credit score – If you have a strong credit score, lenders in Jaraka will gladly provide you with a car loan with lower interest rates. A credit score of 750 or more is considered dependable by Jaraka lenders. Many lenders in Jaraka will provide auto loans to persons with bad credit, but they will charge a higher interest rate.

How to Apply for a Car Loan in Jaraka?

First, visit Dialabank.
After that, apply for a Car Loan online.
Put in the correct information, and we will reach out to you.
Dialabank to apply for a car loan in Jaraka with affordable rates of interest.

Which Bank in Jaraka Offers the Best Car Loans?

In Jaraka, many banks and NBFCs, like Private, SBI, and HDFC, offer automobile loans. However, the best lender in Jaraka is one that gives you a Car Loan at a low-interest rate and can get you the money as soon as feasible. As a result, it’s always a good idea to compare auto loans from various lenders in Jaraka before applying for one that fulfils all of your requirements.

Car Loan for Major Car Manufacturers in Jaraka

TABLE WILL APPEAR

Processing Fees / Prepayment Charges on Car Loan Jaraka

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 Jaraka

For a car loan in Jaraka, your CIBIL score determines your ability to repay your debts. A higher credit score for a vehicle loan in Jaraka indicates a positive credit history, making the process of getting a car loan in Jaraka smooth and straightforward. Generally, banks and NBFCs in Jaraka consider a credit score of 750 or higher to be good when approving your loan application.

Car Loan Jaraka Contact Number

For any queries regarding car loans in Jaraka, call 9878981166.

Pre Calculated EMI Table for Car Loan Jaraka

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 Jaraka

Jaraka is a town in Odisha, India, located on the banks of the Brahmani River in the Dharmasala Block of the Jajpur district. It is one of the district’s fastest expanding areas.

FAQ’s About Jaraka Car Loan

✅ What kinds of cars can I get with Car Loan Jaraka?

Car loans in Jaraka can be used to purchase various passenger automobiles, SUVs, MUVs (Multi Utility Vehicles), and other vehicles. A car loan in Jaraka can also be used to buy a car for commercial purposes.

✅ Is it possible to get a loan for my current vehicle in Jaraka?

If you have a good payment history with your Jaraka lender, you can.

✅ What are my repayment choices in Jaraka for my auto loan?

The three choices for repaying your loan are Standing Instruction, Electronic Clearing Service, and Post-Dated Cheques (PDCs). However, the first two choices are generally recommended for returning your loan because they are speedier and have a lesser risk of error, which is not the case with PDCs.