Car Loan Katwad

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Car Loan Katwad

Best Banks for Car Loan in Katwad


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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


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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


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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


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Car Loan Katwad Charges: Leading Banks – May 29 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 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.


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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.


car 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
>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 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.


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Car Loan Katwad Contact Number

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


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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


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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.


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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.