Car Loan Junagadh

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Car Loan Junagadh

Best Banks for Car Loan in Junagadh


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Car Loan Junagadh Features

Car Loan JunagadhAre you searching for a car loan? If yes, then your wait is over as we at Dialabank brings you amazing offers for a car loan in Junagadh. Moreover, we provide the lowest interest rate for Car Loan Junagadh, which you won’t find anywhere else.

We offer Car loans for both Self-employed and salaried people. We offer car loans on new as well as used cars.

A car loan is a financial help provided by banks and NBFC’s to fulfil your dream of having your own car. They offer necessary funding for buying a car on Ex-Showroom Price or On-Road Price of the car. A car loan is a secured loan with easy refund options. The loan amount is offered on Interest charges which vary from bank to bank. One can pay for the vehicle in easy instalments.

Car Loan Junagadh Eligibility Criteria

The car loan eligibility requirements are as follows in Junagadh:

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 Junagadh EMI Calculator

Car Loan Junagadh Fees & Charges

Charges New Car Loan Used Car Loan
Interest Rate 7.05% per annum 11.80% p.a. to 13.80% p.a.
Car loan Processing fees 0.004 0.004
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 Junagadh Fees and Charges : Leading Banks – Sep 26 2021

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 Junagadh Documents Required

Documents required for car loan are as follows:

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 Junagadh

  • Choose a shorter repayment term: Having a choice to decide a tenure period.
  • Research and compare the perks offered by different lenders: If you want to get a fair deal on an auto loan, you must primarily investigateand compare the extras offered by different lenders. This can help you figure out which lenders have the best interest rates.
  • Maintain a modest debt-to-income ratio – The debt-to-income ratio actions how much of an applicant’s salary goes toward loan repayment, and lenders consider this when setting interest rates. Therefore, if your debt-to-income ratio is iller, you have a much chance of getting a car loan with a lower interest rate.
  • Maintain a good credit score — Lenders will be pleased to offer you a car loan with lower interest rates for peple having a good credit score. Check your credit scores regularly with Dialabank “Free Credit Score” service to guarantee you have a great credit score.

How to Apply for a Car Loan in Junagadh?

Availing of a car loan in Junagadh is an easy process with DialaBank. Follow the following steps to avail of the best offers:

  • Visit our website Dialabank.
  • Click on the car loan option available in the menu
  • Fill in the details regarding the car type and your income
  • Wait as our relationship manager will soon get in touch with you on your provided number.
  • You may also contact our relationship managers on 9878981166 in case of any queries regarding the loan.
  • To avail of a car loan offline, you will have to visit the branch personally, which might be hectic for you.


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Which Bank in Junagadh Offers the Best Car Loans?

Many big banks and NBFCs, including HDFC, ICICI, and SBI, offer vehicle loans in Junagadh. The finest lender is one that can provide you with the loan amount you need at a reasonable interest rate and can distribute the funds as quickly as feasible. Therefore, it is always a good idea to compare vehicle loans from many lenders before applying for one that meets all of your needs, such as interest rates.

Car Loan for Major Car Manufacturers in Junagadh

TABLE WILL APPEAR

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Processing Fees/ Prepayment Charges on Car Loan in Junagadh

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

CIBIL Score Required for Car Loan Junagadh

A CIBIL score of 750+ is regarded to be very good, and it attracts a lower car loan interest rate in Junagadh. However, the borrower could take a CIBIL score between 650-750 if you have a good income, but a slightly higher interest rate will be given in that case. If you have defaulted in your CIBIL score is very low, then your Car Loan Junagadh demand might be refused.

Most organisations prefer to give loans only with a minimum CIBIL score of 750. The organisations don’t just look at the overall score but also check the specific behaviour of the previous loans you have taken. This includes details on the kind of loan taken and the loan amount you have borrowed. Any late payments for preceding loans can act as a barrier to your avail of a car loan.

Check your CIBIL score in your credit report for more data on the record.

Car Loan Junagadh Contact Number

Call us on 9878981166 to get on car loans in Junagadh and attractive offers on car loan services.

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Pre Calculated EMI Table for Car Loan Junagadh

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 Junagadh

Junagadh is a town in the western Indian state of Gujarat. Mahabat Maqbara is the big 19th-century mausoleum of a nearby ruler, which showcases complex Indo-Islamic architectural information. Uparkot Fort, founded around 300 BC, has city views from its ramparts. Within the fort are the stone-reduce step-wells Adi Kadi Vav and Navghan Kuwo, plus Buddhist caves.

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Other Cities for Car Loan in Gujarat

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Car Loan Dwarka Car Loan Deesa

FAQ’s About Junagadh Car Loan

✅ Is there a way to let me know the amount of EMI that I will have to pay?

Yes, these days, we have an Online EMI Calculator that would calculate the EMI you have to pay regularly, and this would be done in just a click where you need to put the amount, and it will calculate the EMI with an updated interest rate.

✅ How does CIBIL score affect car loans?

For a car loan, it gets affected if you have a bad CIBIL score where the candidate applying for a car loan may or may not be approved like this.

What is the age eligibility of the car loan?

The age of eligibility:
The minimum age should be 21 years
Maximum age of 65 years