Car Loan Khadani

Best Banks for Car Loan in Khadani

Feature	HDFC Bank	Private 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

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

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

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

Car Loan Khadani Fees and Charges: Leading Banks – Apr 26 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 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.

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.

Which Bank in Khadani Offers the Best Car Loans?

Car loans are available in Khadani from some major lenders, including HDFC, Private, 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
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 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.

Car Loan Khadani Contact Number

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

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

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 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.