Car Loan Keshopur

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Car Loan Keshopur

Best Banks for Car Loan in Keshopur


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Car Loan Keshopur 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

Every one of us wishes to have an automobile of our own. However, the price prevents us from purchasing the car of our dreams. A car loan is a lifesaver for people who want to realise their goal of owning a vehicle. It’s a no-hassle loan with immediate funds and a simple application process.

Car Loan Keshopur


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Car Loan Keshopur 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 Keshopur EMI Calculator

Car Loan Ahewada 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 Keshopur Fees and Charges: Leading Banks – May 25 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


car loan

Car Loan Keshopur 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 Keshopur

A variety of lenders in Keshopur offer auto loans at various interest rates, but they are all sensible and competitive. Follow the procedures below if you wish to secure a car loan in Keshopur with a reduced interest rate:

  • Choose a shorter repayment term -Many borrowers feel that longer repayment periods will allow them to pay off a large loan in smaller instalments, but they are unaware that lenders consider longer repayment terms as a sign of a borrower’s poor repayment ability, and so charge higher interest rates. Consider a shorter payment time if you want to save money on your car loan.
  • Research and compare the perks offered by different lenders – You must first investigate and evaluate the benefits offered by various lenders in order to receive a good deal on a car loan. This will assist you in determining which lenders offer the greatest interest rates and, as a result, which lender you should select for your loan.
  • Maintain a modest debt-to-income ratio – The debt-to-income ratio determines how much of a borrower’s income is used to repay a loan; lenders frequently consider this when establishing interest rates. You have a higher chance of securing a car loan with a reduced interest rate if your debt-to-income ratio is low.
  • Maintain a good credit score — If you have an excellent credit score, lenders will offer you a car loan with lower interest rates. Lenders consider a credit score of 750 or higher to be healthy.

How to Apply for a Car Loan in Keshopur?

Dialabank makes obtaining a car loan Keshopur is simple. To take advantage of the best deals, follow these steps:

  • Visit the Dialabank website.
  • On the webpage, select the car loan option.
  • Fill in the form’s mandatory information.
  • Our relationship managers will contact you as soon as possible at the phone number you provided.
  • You can call 9878981166 in case of any queries regarding the loan in Keshopur.
  • For availing of a car loan offline, you will have to visit the branch personally, which might turn to be quite a hectic process for you.


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Which Bank in Keshopur Offers the Best Car Loans?

In Keshopur, large institutions such as HDFC, ICICI, and SBI offer vehicle loans. A good lender will be able to give you the loan amount you require at the lowest feasible interest rate and will be able to disburse the funds as quickly as possible. Before applying for a vehicle loan that fulfils all of his criteria, such as interest rates, a borrower should constantly evaluate vehicle loans from a variety of lenders.

Car Loan for Major Car Manufacturers in Keshopur

TABLE WILL APPEAR

Processing Fees / Prepayment Charges on Car Loan Keshopur

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 Keshopur

Your ability to repay your debts is determined by your CIBIL score. Your vehicle loan application will be simple and easy to process if you have a good credit score. Most reputable lenders in Keshopur consider a credit score of 750 or above to be a decent score when approving your loan application.


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Car Loan Keshopur Contact Number

In case of any queries regarding car loan Keshopur, you may contact on the number 9878981166 for any assistance.


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Pre Calculated EMI Table for Car Loan Keshopur

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 Keshopur

Keshopur is a village in the Gurdaspur Tehsil of Punjab’s Gurdaspur District. It is 7 kilometres north of the district headquarters in Gurdaspur. Gurdaspur is 6 kilometres away. Chandigarh, the state capital, is 232 kilometres away. The postal head office for Keshopur is Gurdaspur, and the pin code is 143521.


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Car Loan Banks in Keshopur

Bank Bank Address IFSC
ALLAHABAD BANK ALLAHABAD BANK, VILL KESHOPURE, P.O AND BLOCK JAMALPUR, DIST MONGER, BIHAR, PIN 811214 ALLA0211477
HDFC BANK HDFC BANK LTD AT POST KESHOPUR NH 28 BLOCK SAKRA MUZAFFARPUR BIHAR 843104 HDFC0009258
YES BANK KESHOPUR MANDI, APMC BUILDING, ADM. BLOCK CH. CHET RAM SABJI MANDI, OUTER RING RD, KESHOPUR, DELHI-18 YESB0DSC028

FAQ’s About Keshopur Car Loan

✅ What kinds of automobiles can I get a Car Loan for?

Car loans can be used to purchase a variety of passenger vehicles, such as SUVs (Sport Utility Vehicles), MUVs (Multi Utility Vehicles), and other models.

✅ Is it necessary to have a guarantor for a car loan?


Most lenders will not require a guarantor in order to obtain a car loan. If your income falls below the statutory minimum, however, lenders may demand you to provide a guarantee or co-applicant to show that you will be able to repay the loan.

✅ Where can I find a vehicle loan interest calculator?


You can use the EMI calculator on Dialabank’s or the lending bank’s website.