Car Loan Khadani

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Car Loan Khadani

Best Banks for Car Loan in Khadani

Feature
HDFC Bank
ICICI Bank
Kotak Mahindra Bank
Interest Rate
8% - 8.4 %
8.5 - 9.5 %
11%
Min Loan Amt
Metro : 1 Lac & Non Metro: 75000
75000
75000
Max Loan Amt
1 Cr
1 Cr
1 Cr
Loan Tenure
Upto 7 Years
Upto 5 Years
Upto 5 Years
Processing Fee
1999 - 4999 + Tax
0.25% to 1.50%
0.25% to 1.50%
Preclosure Chgs
2%, Nil after 24 months
2%, Nil after 36 months
Nil
Loan to Value (LTV)
Upto 100% on Ex- showroom
Upto 95% on Ex- showroom
Upto 90% on Ex- showroom


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Car Loan Khadani 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

Car Loan Khadani

The automobile has become an integral element of everyone’s life. However, purchasing a car necessitates a lot of financing, which can be tough to come up with when one’s income is limited. Therefore, auto Financing is the most efficient and advantageous approach to obtain cash in a short period.

A vehicle loan is a financial aid provided by banks and non-bank financial institutions to assist you to realise your ambition of owning a car. They provide essential money for purchasing an automobile, which might be based on the car’s Ex-Showroom Price or On-Road Price. A secured loan with simple repayment choices is a car loan. The loan amount is based on interest rates that differ from one bank to the next. The vehicle can be purchased in convenient instalments.

Car Loan Khadani


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Car Loan Khadani 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 Khadani EMI Calculator

Car Loan Khadani 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 Khadani Fees and Charges: Leading Banks – May 28 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 Khadani 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 Khadani

Several lenders in Khadani provide various auto loan options with varied interest rates, but they are all relatively affordable. Follow the steps below to secure a car loan in Khadani at the lowest interest rate:

  • Choose a shorter repayment term – Many vehicle loan applicants in Khadani assume that longer repayment terms are preferable because the monthly EMI (equivalent monthly instalment) is lower. They are unaware that lenders in Khadani see longer payback terms as a sign of a borrower’s poor repayment ability, charging higher interest rates. Consider acquiring a loan with a short repayment duration if you want to save money on your Khadani auto loan.
  • Research and compare the perks offered by different lenders – You must first correctly investigate and evaluate the programmes given by various lenders in Khadani if you want to receive a good bargain on your auto loan. This can assist you in determining which lenders offer the lowest interest rates and, as a result, which lender to select.
  • Maintain a modest debt-to-income ratio – This ratio determines how much of an applicant’s income goes toward loan repayment, and lenders use it to determine interest rates. You have a better chance of getting your vehicle loan approved if your debt-to-income ratio is modest.
  • Maintain a good credit score — If you have an excellent credit score, lenders will be happy to provide you with a car loan with lower interest rates. A credit score of 750 or more is considered healthy by lenders in Khadani.

How to Apply for a Car Loan in Khadani?

  • Apply online on Dialabank
  • Go to the page’s loan section and click the auto loan link.
  • The applicant will be sent to all of the vehicle loan information, where they will be able to select their favourite city based on their requirements.
  • Call 9878981166 for more information on vehicle loans and free consultation.


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Which Bank in Khadani Offers the Best Car Loans?

Car loans are available in Khadani from some major lenders, including HDFC, ICICI, and SBI. The most fantastic lender for you is one that can offer you the loan amount you require at the lowest feasible interest rate and deliver the funds as quickly as possible. Therefore, before applying for a vehicle loan, one should always compare offers from various lenders to find one that fulfils all of their requirements.

Car Loan for Major Car Manufacturers in Khadani

TABLE WILL APPEAR

Processing Fees & Prepayment Charges on Car Loan Khadani

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


car loan

CIBIL Score Required for Car Loan in Khadani

Your CIBIL score reflects your previous credit history as well as any defaults on previous loans. Because most financial institutions want a high credit score, a decent credit score is 750 or above. However, each bank and NBFC has its requirements for a minimum CIBIL score to process your loan. Therefore, a CIBIL score of less than 750 can result in a higher rate of interest.

Because your CIBIL score is the first thing a bank looks at before processing your loan, a low CIBIL score may result in your loan being rejected.


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Car Loan Khadani Contact Number

To apply for a car loan in Ampatgiri, you may contact us on 9878981166.


car loan

Pre Calculated EMI Table for Car Loan Khadani

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


car loan

About Khadani

Khadani is a village panchayat in the Uttar Pradesh state of India’s Kannauj district. The Khadani’s geocoordinates are latitude 26.9604325 and longitude 79.5069436. Khadi village’s state capital is Lucknow. It is approximately 116.8 kilometres from Khadani. The closest state capital to Khadani is Jaipur, which is 184.1 kilometres away.


car loan

Car Loan Banks in Khadani

Bank Bank Address IFSC
HDFC BANK HDFC BANK LTD BUS STAND CHAURAHA, NEAR POLICE CHOWKI, KHADANI UTTAR PRADESH 209728 HDFC0003384

FAQ’s About Khadani Car Loan

✅ What are my alternatives for repaying my Auto Loan in Khadani?

Three possibilities for repaying your loan in Khadani are Standing Instruction (SI), Electronic Clearing Service (ECS), and Post-Dated Cheques (PDCs). The first two choices are typically recommended for returning your loan because they are faster and have a more negligible risk of error, which is not the case with PDCs.

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

Most lenders in Khadani will not require a guarantor to obtain a car loan. However, if your income falls below the statutory minimum, lenders on Khadani may want a co-applicant or a guarantee to show that you will be able to repay the loan.

✅ Where can I get an Interest Calculator for a Car Loan in Khadani?

The EMI calculator on the Dialabank website or the lending bank’s website can be used. Enter several interest rates to calculate the EMIs. The interest rate can be found by completing a loan application, which will ask you to supply basic information such as your salary, company, and work experience, depending on which interest rates are displayed.