Best Banks for Car Loan in Keshrisinghpur
Car Loan Keshrisinghpur 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 aspires to acquire a car of our own. However, the cost of the vehicle of our dreams stops us from getting it. A car loan is a lifesaver for people who wish to achieve their dream of having a car. It’s a no-hassle loan with instant funds and a straightforward application process.
Car Loan Keshrisinghpur 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 Keshrisinghpur EMI Calculator
Car Loan Ahewada 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 Keshrisinghpur Fees and Charges: Leading Banks – May 27 2022
Bank
Processing Fee
HDFC Bank Car Loan
(1999 - 4999) + Tax
Axis Bank Car Loan
1 % to 2.50%
Nil
ICICI 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 Keshrisinghpur 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 Keshrisinghpur
Various lenders in Keshrisinghpur offer auto loans at different interest rates, but they are all sensible and competitive. Follow the procedures below if you wish to secure a car loan in Keshrisinghpur with a reduced interest rate:
- Choose a shorter repayment term -Many borrowers believe that extending their repayment duration will allow them to pay off a large loan in smaller instalments. Still, they are unaware that lenders view longer repayment terms as an indication of weak repayment ability and hence charge higher interest rates. If you want to save money on your car loan, consider a shorter payment period.
- Research and compare the perks offered by different lenders – To get a decent deal on a car loan, you must first explore and assess the bonuses given by various lenders. This can help you figure out which lenders have the best interest rates and, as a result, which you should choose for your loan.
- Maintain a modest debt-to-income ratio – The debt-to-income ratio defines how much of a borrower’s income is utilised to repay a loan; it’s a factor many lenders consider when setting interest rates. If your debt-to-income ratio is low, you have a better chance of getting a car loan with a lower interest rate.
- Maintain a good credit score — Lenders can provide you with a car loan with reduced interest rates if you have a good credit score. A credit score of 750 or more is considered healthy by lenders in Keshrisinghpur.
How to Apply for a Car Loan in Keshrisinghpur?
Dialabank makes obtaining a car loan Keshrisinghpur is simple. To take advantage of the best deals, follow these steps:
- Visit the Dialabank website.
- Select the auto loan option from the drop-down menu on the webpage.
- Fill the form.
- At the phone number you provided, one of our relationship managers will contact you as soon as possible.
- You may also contact our relationship managers on 9878981166 in case of any queries regarding the loan.
- 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 Keshrisinghpur Offers the Best Car Loans?
Large institutions such as HDFC, ICICI, and SBI offer automobile loans in Keshrisinghpur. A suitable lender will be able to provide you with the loan amount you need at the lowest possible interest rate and disburse the funds as soon as possible. A borrower should continually evaluate vehicles before applying for a vehicle loan that meets all of his criteria, such as interest rates.
Car Loan for Major Car Manufacturers in Keshrisinghpur
TABLE WILL APPEAR
Processing Fees / Prepayment Charges on Car Loan Keshrisinghpur
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 Keshrisinghpur
Your CIBIL score determines your ability to repay your debts. If you have a strong credit score, your automobile loan application will be straightforward to complete. When it comes to approving your loan application, most respectable lenders in Keshrisinghpur consider a credit score of 750 or above to be a good score.
Car Loan Keshrisinghpur Contact Number
In case of any queries regarding the car loan Keshrisinghpur, you may contact on the number 9878981166 for any assistance.
Pre Calculated EMI Table for Car Loan Keshrisinghpur
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 Keshrisinghpur
Kesrisinghpur is a town and municipality in the Ganganagar district of Rajasthan, India.
Car Loan Banks in Keshrisinghpur
Bank | Bank Address | IFSC |
PUNJAB AND SIND BANK | SHREE BASAV NILAYA GR.FLOOR PLOT NO 152 | PSIB0021295 |
FAQ’s About Keshrisinghpur Car Loan
✅ What kind of vehicles is eligible for a Car Loan?
A car loan Keshrisinghpur can be used to acquire a wide range of passenger vehicles, including SUVs, MUVs, and other models.
✅ Is having a guarantor for a car loan required?
To secure a car loan, most lenders do not demand a guarantor. However, suppose your income falls below the statutory minimum. In that case, lenders may want you to offer a guarantee or co-applicant to demonstrate that you will be able to repay the loan.
✅ Where can I find a calculator to calculate the interest on a vehicle loan?
On Dialabank’s or the lending bank’s website, you can use the EMI calculator.
Table of Contents
- 1 Best Banks for Car Loan in Keshrisinghpur
- 2 Car Loan Keshrisinghpur Features
- 3 Car Loan Keshrisinghpur Eligibility Criteria
- 4 Car Loan Keshrisinghpur EMI Calculator
- 5 Car Loan Ahewada Fees & Charges
- 6 Car Loan Keshrisinghpur Fees and Charges: Leading Banks – May 27 2022
- 7 Car Loan Keshrisinghpur Documents Required
- 8 How to Get the Best Car Loan Interest Rates in Keshrisinghpur
- 9 How to Apply for a Car Loan in Keshrisinghpur?
- 10 Which Bank in Keshrisinghpur Offers the Best Car Loans?
- 11 Car Loan for Major Car Manufacturers in Keshrisinghpur
- 12 Processing Fees / Prepayment Charges on Car Loan Keshrisinghpur
- 13 CIBIL Score Required for Car Loan in Keshrisinghpur
- 14 Car Loan Keshrisinghpur Contact Number
- 15 Pre Calculated EMI Table for Car Loan Keshrisinghpur
- 16 About Keshrisinghpur
- 17 Car Loan Banks in Keshrisinghpur
- 18 FAQ’s About Keshrisinghpur Car Loan