Car Loan Kedarkheda

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Car Loan Kedarkheda

Best Banks for Car Loan in Kedarkheda


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Car Loan Kedarkheda 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 wish you had your car? Don’t be concerned. Dialabank assists customers in comparing, analysing, and selecting the finest vehicle loan deals available. A car loan is a form of financial assistance provided by banks and non-bank financial institutions (NBFCs) to help you realise your ambition of owning a car. A car loan is a secured loan that uses your vehicle as security. The loan amount may be granted following a credit check; to get the most outstanding loan deal, you must have a strong CIBIL score. In addition, EMIs can be used to pay off the automobile.

Car Loan Kedarkheda


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Car Loan Kedarkheda 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 Kedarkheda EMI Calculator

Car Loan Kedarkheda 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 Kedarkheda Fees and Charges: Leading Banks – May 21 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 Kedarkheda 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 Kedarkheda

In Kedarkheda, several lenders provide various auto loan plans, and while the interest rates vary, all of the programmes are affordable given the benefits they provide. To receive a car loan with the lowest interest rate in Kedarkheda, follow the procedures below:-

  • Choose a shorter repayment term – Many loan applicants believe that more extended repayment periods will allow them to pay off the loan in smaller instalments. Still, they are unaware that lenders consider longer repayment terms to signify a borrower’s poor repayment potential and therefore charge them higher interest rates. Consider decreasing your payback time if you want to save money on your auto loan.
  • Research and compare the perks offered by different lenders – If a borrower wants a better bargain on an auto loan, he must first research and compare several lenders and read about the plans they offer.
  • Maintain a modest debt-to-income ratio – The debt-to-income ratio determines how much of an applicant’s income is used to pay back loans. If the ratio is low, the borrower is not already in debt and can bear the loan’s burden.
  • Maintain a good credit score — Lenders consider a credit score above 750 to be healthy, and if your credit score is high enough, they will gladly provide you with a loan at a lower rate.

How to Apply for a Car Loan in Kedarkheda?

  1. Visit Dialabank.
  2. Go to the Dialabank website and look for the car loan area.
  3. You’ll be sent to a form where you must complete all of the needed fields.
  4. As soon as our representatives receive your inquiry, they will contact you.
  5. You can also contact us at 9878981166.


car loan

Which Bank in Kedarkheda Offers the Best Car Loans?

Many large and reputed lenders, including HDFC, ICICI and SBI, provide vehicle loans in Kedarkheda. The best lenders are those who can provide you with the required loan amount at the lowest interest rate and disburse funds as quickly as possible. You can call Dialabank representatives to get the best deals on car loans in your vicinity.

Car Loan for Major Car Manufacturers in Kedarkheda

TABLE WILL APPEAR

Processing Fees / Prepayment Charges on Car Loan Kedarkheda

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 Kedarkheda

CIBIL score is an essential factor that plays a significant role in the approval of a loan. It also provides a clear picture of the borrower’s credit history and any outstanding dues standing against them. In addition, the borrower’s credit history is necessary to disburse or approve the loan amount. Generally, a CIBIL score of 750 or above is considered appropriate by most lenders. 


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Car Loan Kedarkheda Contact Number

Apply for a car loan Kedarkheda online with Dialabank and get the best deals.

Roval and other perks, or you can leave a voicemail at 9878981166.

Our customer service representative will guide and support you in resolving your issues.


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Pre Calculated EMI Table for Car Loan Kedarkheda

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 Kedarkheda

Kedarkheda is a village panchayat in the Maharashtra state of India, in the Jalna district. The geocoordinates of the Kedarkheda are latitude 20.1477371 and longitude 75.8185494. Kedarkheda village’s state capital is Mumbai. It is approximately 340.8 kilometres from Kedarkheda. Daman is the next closest state capital to Kedarkheda, at a distance of 313.2 kilometres.


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Car Loan Banks in Kedarkheda

Bank Bank Address IFSC
HDFC BANK KULSWAMINI NIWAS , AT KEDARKHEDA, POST AND TAL – BOKARDHARAN, JALNA MAHARASHTRA 431114 HDFC0003523

FAQ’s About Kedarkheda Car Loan

What are my options for obtaining a low-interest vehicle loan?

If you have a strong credit score and a steady income, you can get a low interest rate on a car loan quickly. People with an excellent credit history with their banks may also be eligible for a loan with lower interest rates.

What is the minimum age to apply for a vehicle loan?

In most cases, the upper age restriction is set between the ages of 60 and 70. It varies, however, from one lender to the next. As a result, it is recommended that you pay off your debt before reaching the age of 65.

Is it feasible to pay off a portion of my car loan in advance?

Partially prepaying a loan is an option offered by only a few lenders. However, you do have the choice of selecting a lender that provides this service.