Car Loan Katwad

Car Loan Katwad

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Best Banks for Car Loan in Katwad

Car Loan Katwad 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 get a vehicle loan in Katwad? Then you’ve arrived at the perfect spot! You can compare interest rates, processing expenses, loan tenures, and even get approval or estimations in as little as 30 minutes with Dialabank. We can also assist you in determining your eligibility for a car loan and offer you information on the best banks and loans in Katwad.

Car Loan Katwad

Car Loan Katwad 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 Katwad EMI Calculator

Car Loan Katwad 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 Katwad Charges: Leading Banks – Apr 23 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 Katwad 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 Katwad

Follow the steps listed below to get the best car loans in Katwad.

Choose a Shorter Repayment Term – Many borrowers are mistaken that longer loan terms are better. As a result, they end up paying highly high interest rates throughout the loan. Apply for a shorter loan if you want to save money.
Research and Compare the Perks offered by different Lenders – To find the most acceptable lender for his circumstances, a borrower must adequately analyse all available options.
Maintain a modest Debt-To-Income Ratio – The debt-to-income ratio is used to determine how much of an applicant’s income is used to repay an older loan. Your chances of getting a new loan are better if you have a low debt-to-income ratio.
Maintain a good Credit Score – A credit score of 750 or more is regarded as suitable, and having a good credit score improves a borrower’s chances of securing a loan.

How to Apply for a Car Loan in Katwad?

Availing of a car loan in Katwad is a pretty straightforward process with Dialabank. Follow the options stated below for a smooth loan approval process: –

Visit our website Dialabank.
On the website, select the car loan option.
On the car loan application, fill in the required fields.
Our relationship managers will contact you as soon as possible at the phone number you provided.
You may also contact us at 9878981166 in case of any queries regarding the loan.

Which Bank in Katwad Offers the Best Car Loans?

In Katwad, reputable lenders such as HDFC, Muthoot, and CitiBank offer various vehicle loans. In addition, you can find a lender with Dialabank who can provide you with the loan amount you require at the lowest possible interest rate and disburse the funds as quickly as possible.

Car Loan for Major Car Manufacturers in Katwad

TABLE WILL APPEAR

Processing Fees / Prepayment Charges on Car Loan Katwad

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 Katwad

The CIBIL score is a credit score that determines your ability to repay your debt on time. To approve your loan application process in Katwad, most banks and NBFCs require a credit score of at least 750.

Car Loan Katwad Contact Number

In case of any queries related to car loans in Katwad, you can contact us on 9878981166 for assistance.

Pre Calculated EMI Table for Car Loan Katwad

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 Katwad

Katwad is a village panchayat in the Maharashtra state of India’s Sindhudurg district. The Katwad’s geocoordinates are 18.96 latitudes and 72.82 longitude.

FAQ’s About Katwad Car Loan

✅ What options do I have for repaying my auto loan?

Three possibilities for repaying your loan are Standing Instructions, Post-Dated Cheques, and Electronic Clearing House (ECS). Again, you can work with your local bank to determine which choice is best for you.

✅ Is a guarantor required for a car loan?

To get a car loan in Katwad, most lenders will not ask for a guarantor. However, if your income falls below the lender’s minimum requirements, you may need the assistance of a guarantor.

✅ Where can I get an interest calculator for a car loan?

The EMI calculator on the Dialabank website or the lending bank’s website can be used. Enter your plan’s interest rate to calculate the EMIs. Borrowers may find out their interest rate by filling out a loan application, which will ask for basic information like their salary, business, and job experience.