Car Loan Keshopur

Best Banks for Car Loan in Keshopur

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 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 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

Car Loan Keshopur Fees and Charges: Leading Banks – Apr 25 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 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.

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.

Which Bank in Keshopur Offers the Best Car Loans?

In Keshopur, large institutions such as HDFC, Private, 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
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 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.

Car Loan Keshopur Contact Number

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

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

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.

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.