Best Banks for Car Loan in Kerakat
Car Loan Kerakat 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
India’s roadways are tricky to navigate; you’ll need a dependable companion for your commute, which is almost always a car. Dialabank can help you receive a car loan at a low rate and help you buy your dream car. Our professionals will assist you in determining the appropriate plan for you and guide you through the application process.
Car Loan Kerakat Eligibility Criteria
Salaried Individual
Net Monthly Income – Minimum ₹ 20,000
Employment Duration – 1-year minimum
Income Eligibility – Based on Form 16 and salary slip
Self-Employed Individuals
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)
Employment Duration – 3 years minimum
The applicant has to present IT returns and audited financials of 2 years with Calculated Income.
Priority Customers
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 Kerakat EMI Calculator
Car Loan Kerakat Fees & Charges
7.35% per annum
Charges
New Car Loan
Used Car Loan
Interest Rate
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 Kerakat Fees and Charges: Leading Banks – Apr 19 2024
Bank
Processing Fee
HDFC Bank Car Loan
(1999 - 4999) + Tax
Axis Bank Car Loan
1 % to 2.50%
Nil
Private Bank Car Loan
0.25% to 1.50%
SBI Car Loan
500/- to 0.50%
Nil
Kotak Car Loan
1% to 2%
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 Kerakat Documents Required
Salaried Individual
Category
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)
Birth Certificate
High School Marksheet
Driving Licence
Signature Proof(Any 1)
Bankers Verification
Passport
Income Proof
Bank Statement
Employment Continuity Proof
ITR of Form no. 16
Salary Slip mentioned with joining date
Letter of Appointment
Self-Employed Individuals
Category
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)
Bankers Verification
Passport
Bank Statement
Employment Continuity Proof
Shop & Establishment Act Certificate
Shop & Establishment Act Certificate
Sales Tax or VAT Certificate
Business Proof
Telephone Bill/Electricity Bill
Shop & Establishment Act Certificate
SSI or MSME Registration Certificate
Self-Employed Non-Individuals:
1. Partnership Firms/Societies
Category
Identity Proof (Any 1)
Driving Licence
PAN Card
Aadhar Card
Passport
Address Proof (Any 1)
Aadhar Card
Driving License
Voter ID
Income Proof
P&L Account
ITR for the previous 2 years
Bank Statement
Last 6 month
Business Continuity Proof
Audited Balance Sheet
TAX registration Certificate
Current Account Statement
Additional documents
2. Private Limited/Limited Companies
Category
Identity Proof
Copy of Incorporation
Address Proof (Any 1)
Telephone Bill
Electricity Bill
Shop & Establishment Act Certificate
Sales Tax Certificate
Income Proof
P&L Account and ITR for the previous 2 years
Bank Statement
Previous 6 Months
Business Continuity Proof
ITR of the Company of the past 2 years
Audited Balance Sheet
Shop & Establishment Act Certificate
Additional documents
Board Resolution
PAN Card
Certificate of Commencement of Business for Ltd. Co.
How to Get the Best Car Loan Interest Rates in Kerakat
To discover the most refined vehicle loan with the lowest interest rates in Kerakat, follow the steps below:-
- Loan seekers frequently mistakenly believe that longer repayment terms are better because they can pay off the loan slowly in small instalments over a more extended period. However, they are unaware that lenders view longer repayment terms as an indication of a borrower’s low repayment capabilities, and they end up paying higher interest rates. So, if a borrower wants to save money on their car loan, they should consider a shorter repayments period.
- If a borrower wants a good deal on a car loan, he must first investigate and compare the perks provided by various lenders.
- When calculating interest rates, banks and NBFCs frequently consider the borrower’s debt-to-income ratio. The borrower has a better chance of getting a car loan with a lower interest rate if their debt-to-income ratio is low.
- A reputable lender will gladly provide you with a car loan with lower interest rates if you have a strong credit score. A credit score of 750 or higher is considered healthy by them.
How to Apply for a Car Loan in Kerakat?
- Visit Dialabank website.
- Select the nearest location from the loan section.
- Begin filling out the form and providing the essential information.
- You will receive a call from one of our professionals within minutes.
- You can get answers to all of your questions and concerns.
Which Bank in Kerakat Offers the Best Car Loans?
In Kerakat, reputable lenders, including HDFC, Private, and SBI, offer vehicle loans. The most acceptable bank or NBFC for you can give you the loan amount you require at a reasonable interest rate and disburse the funds as quickly as feasible. Before applying for a loan that fulfils all of their requirements, borrowers should evaluate auto loans from various providers.
Car Loan for Major Car Manufacturers in Kerakat
TABLE WILL APPEAR
Processing Fees & Prepayment Charges on Car Loan Kerakat
Category
Details
Processing Charges
Prepayment
Preclosure
Stamp Duty
Cheque Bounce Chgs
Floating Rate of Interest
Not Applicable
Overdue EMI Interest
Amortisation Schedule Chgs
Rs 200 + GST
CIBIL Score Required for Car Loan in Kerakat
The lender will know who you are if you apply for a loan! Simply by looking at your credit score. If your credit score is good, you will be approved quickly and receive immediate payment. In addition, your credit score will instantly improve if you repay the loan on time. Most lenders prefer a credit score of 750 or above.
Car Loan Kerakat Contact Number
For instant help and any more queries, you can call 9878981166.
Pre Calculated EMI Table for Car Loan Kerakat
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 Kerakat
Kerakat or Kirakat is a town and Nagar panchayat in the Jaunpur district of Uttar Pradesh, India, with over 13,500 people. It is located near the Gomati River, which contributes to the town’s fertile terrain. Varanasi Division includes Kerakat or Kirakat. It lies 30 kilometres east of Jaunpur and 279 kilometres east of Lucknow, Uttar Pradesh’s capital.
Car Loan Banks in Kerakat
Bank | Bank Address | IFSC |
ALLAHABAD BANK | ALLAHABAD BANK KERAKAT BYPASS ROAD, NEAR LIC OFFICE, POST-KERAKAT DISTT- JAUNPUR PIN-222142 | ALLA0212862 |
BANK OF BARODA | SARAIBIRU CHAURAHA, KERAKAT DISTT JAUNPUR, UP | BARB0KERAKA |
HDFC BANK | HDFC BANK LTD GROUND FLOOR KHASRA NO 428 VILL SARAI BEERU TEHSIL KERAKAT JAUNPUR UTTAR PRADESH 222142 | HDFC0009156 |
UNION BANK OF INDIA | AT POST-KERAKAT DIST.JAUNPUR UTTAR PRADESH PIN 222142 | UBIN0534692 |
FAQ’s About Kerakat Car Loan
✅ What types of vehicles can I purchase with a car loan?
Automobile loans can be used to purchase a wide range of passenger vehicles, including SUVs, sedans, hatchbacks, and other models. You can also get a car loan Kerakat to purchase a vehicle for business use.
✅ Will the banks also finance modifications on my car?
No, banks will only lend money for the car’s base trim level.
✅ What options do I have for repaying my auto loan?
Three choices for repaying your auto loans are Standing Instruction, Electronic Clearing Service, and Post-Dated Cheques.