Best Banks for Car Loan in Khairagarh
Feature
HDFC Bank
Private Bank
Interest Rate (p.a.)
7.35 % - 7.95 %
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
Car Loan Khairagarh 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 Khairagarh 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 Khairagarh EMI Calculator
Car Loan Khairagarh 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 Khairagarh Charges: Leading Banks – Apr 19 2024
Bank
Processing Fee
HDFC Bank Car Loan
(1999 - 4999) + Tax
Axis Bank Car Loan
1 % to 2.50%
Nil
Private 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 Khairagarh 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 Khairagarh
The interest rates on vehicle loans offered by different lenders in Khairagarh may vary, but they are all reasonable and competitive. If you want to get a car loan in Khairagarh with the lowest interest rate, follow the steps below:
- Choose a shorter repayment term – Because the monthly EMI (equivalent monthly instalment) is cheap, many vehicle loan applicants in Khairagarh assume that longer repayment terms are better. They don’t appear to realise that lenders in Khairagarh see longer payback terms as a sign of a borrower’s poor repayment ability. Therefore they charge higher interest rates. Consider a shorter payment time if you want to save money on your car loan in Khairagarh.
- Research and compare the perks offered by different lenders – If you want to receive a good bargain on an auto loan in Khairagarh, you should first look into and evaluate the different lenders’ features. This can assist you in determining which lenders in in Khairagarh offer the lowest interest rates and, as a result, which lender to select.
- Maintain a modest debt-to-income ratio – The debt-to-income ratio calculates how much of an applicant’s income goes towards Khairagarh loan repayment, and lenders use it to determine interest rates. If your debt-to-income ratio is lower, you have a higher chance of securing a car loan with a lower interest rate.
- 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 Khairagarh. Many lenders in Khairagarh may provide negative credit borrowers auto loans, but they will charge a higher interest rate. To ensure a decent credit score in Khairagarh, check your credit scores regularly using Dialabank’s “Free Credit Score” service. This will allow you to take remedial action to enhance your credit score if it is low, and it will allow you to approach lenders in Khairagarh with confidence if your credit score is good.
How to Apply for a Car Loan in Khairagarh?
Availing of a car loan in Khairagarh is an easy process with Dialabank.
- Visit our website Dialabank.
- Select car loan.
- Fill in Details.
- Wait for a Call
- If you have any questions, you can call 9878981166.
- For availing of a car loan offline in Khairagarh, you will have to visit the branch personally, which might turn to be hectic for you.
Which Bank in Khairagarh Offers the Best Car Loans?
Vehicle loans are available from several large banks and NBFCs in Khairagarh, including HDFC, Private, and SBI. The best lender will be able to give you the loan amount you require at a reasonable interest rate and will be able to release the funds as soon as possible. Therefore, before applying for a vehicle loan that fits all of your criteria, such as interest rates, it is usually a good idea to compare vehicle loans from various lenders.
Car Loan for Major Car Manufacturers in Khairagarh
TABLE WILL APPEAR
Processing Fees / Prepayment Charges on Car Loan Khairagarh
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 Khairagarh
When applying for a car loan, your CIBIL score is quite important. The higher your CIBIL score, the more money you’ll be able to borrow in the shortest length of time. The reason for this is that a CIBIL score usually reflects the applicant’s attitude toward their debts. Conversely, if the score is low, the consumer has a poor credit history and may have difficulty managing their past and current debts.
Car Loan Khairagarh Contact Number
In case of any queries regarding the car loan in Khairagarh, you may contact on the number 9878981166 for any assistance.
Pre Calculated EMI Table for Car Loan Khairagarh
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 Khairagarh
In British India’s former Central Provinces, Khairagarh State was a feudatory state. Pandadah, about 8 kilometres from Khairagarh, is a historically significant town in Chhattisgarh. The chief has bestowed the hereditary title of Raja, The King, in 1898, as a descendant of the old Nagvanshi Rajput royal family. The state was known for its abundant plain-bearing rice.
Car Loan Banks in Khairagarh
Bank | Bank Address | IFSC |
BANK OF BARODA | NEAR ASHOK FUEL CENTRE KHAIRAGARH ROAD PADUMTARA DIST RAJNANDGAON CHHATTISGARH 491441 | BARB0PADUMT |
FAQ’s About Car Loan Khairagarh
✅ What types of vehicles can I Purchase with a Car Loan in Khairagarh?
A Car loan in Khairagarhs can be used to purchase various passenger vehicles, such as SUVs (Sport Utility Vehicles), MUVs (Multi Utility Vehicles), and other models. A car loan in Khairagarh can also be used to purchase a vehicle for commercial purposes.
✅ Is it possible to acquire a Loan on my Current Vehicle?
Yes, many lenders in Khairagarh will issue you a loan on your present vehicle if you have a good payment history with your current lender.
✅ What options do I have for Repaying my Car Loan?
Three possibilities for repaying your loan in Khairagarh are Standing Instruction (SI), Electronic Clearing Service (ECS), and Post-Dated Cheques (PDCs).