Car Loan Jaraka

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Car Loan Jaraka

Best Banks for Car Loan in Jaraka

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 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


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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


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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


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Car Loan Jaraka 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 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.


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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.


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How to Apply for a Car Loan in Jaraka?

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


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Which Bank in Jaraka Offers the Best Car Loans?

In Jaraka, many banks and NBFCs, like ICICI, 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
>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 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.


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Car Loan Jaraka Contact Number

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


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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


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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. 


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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.