Car Loan Keranga

Best Banks for Car Loan in Keranga

Car Loan Keranga 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 streets are tricky to navigate, so you’ll need a dependable vehicle for your commute. However, if you don’t have the cash to buy a car right away, you may get a car loan from various banks and lending institutions at meagre interest rates nowadays. Dialabank can assist you in sorting through a sea of banks and offers to find the best loan for you.

Car Loan Keranga

Car Loan Keranga 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 Keranga EMI Calculator

Car Loan Keranga 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 Keranga Fees and Charges: Leading Banks – Apr 19 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 Keranga 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 Keranga

When it comes to vehicle loans, lenders in Keranga provide various programmes with varied interest rates, but all of them are comparably affordable. Follow the steps below to acquire the best car loans in Keranga at the lowest interest rates:

Choose a short repayment tenure –Because their EMIs are cheap, many auto loan applicants believe that lengthier payback terms are desirable. They don’t seem to realise that lenders charge higher interest rates to customers who have longer repayment schedules. A shorter payback time might be considered if the borrower wishes to save money on their car loan.
Research and compare different lenders –You must first evaluate the programmes given by several banks if you want to receive a good bargain on your auto loan. Dialabank can assist you in this regard; our specialists can assist you in determining which bank in your area gives the best interest rates.
Maintain an acceptable debt-to-income ratio – An individual’s debt-to-income balance is used to determine how much of the borrower’s income goes toward repaying an existing loan. Borrowers with a low debt-to-income ratio have a better chance of getting a loan granted.
Maintain a good credit score — A credit score of 750 or more is considered healthy by banks and NBFCs. You can use Dialabank’s “Free Credit Score” service to check your credit scores regularly to ensure you have a decent credit score when applying for a vehicle loan. If you have a low credit score, you can take steps to improve it before applying for a loan.

How to Apply for a Car Loan in Keranga?

When you have Dialabank on your side, getting a car loan in Keranga is a breeze. To apply for a car loan, follow these steps:

Dialabank’s official website can be found here.
Select the car loan option from the website’s menu.
Fill out the required fields for your vehicle type and income.
Would you please wait for our relationship manager to call you at the number you gave right away?
You can also get in our touch at 9878981166.

Which Bank in Keranga Offers the Best Car Loans?

Vehicle loans are available from various lenders in Keranga, including SBiI, HDFC, and Muthoot. The most outstanding lender for you is one that can offer you the loan amount you require at a fair interest rate and can distribute funds as quickly as possible. Therefore, before applying for a vehicle loan that fulfils all of his criteria, the borrower should constantly evaluate vehicle loans from multiple lenders.

Car Loan for Major Car Manufacturers in Keranga

TABLE WILL APPEAR

Processing Fees / Prepayment Charges on Car Loan Keranga

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 Keranga

A bank will verify your CIBIL score before processing your loan application. You can also check your CIBIL score on the CIBIL website to learn how to improve your CIBIL score, save money on loan rates, and possibly receive a better offer from the banks. A respectable CIBIL score is usually between 750 and 900.

Car Loan Keranga Contact Number

You can get a car loan in Keranga easily by contacting Dialabank representatives on the number 9878981166.

Pre Calculated EMI Table for Car Loan Keranga

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 Keranga

Keranga is a hamlet in the Khordha Block of Odisha’s Khordha district. It is one of the 132 villages of the Khordha Block of the Khordha district and is located in the rural area of Odisha’s Khordha district. Keranga’s village code is 407320, according to official records. There are 906 families in the village.

FAQ’s About Keranga 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 it necessary to have a guarantor for a car loan?

Most lenders will not require a guarantor to obtain a car loan. However, if your income falls below the lender’s minimum requirements, you may need the assistance of a guarantor.