Car Loan Khairagarh

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Car Loan Khairagarh

Best Banks for Car Loan in Khairagarh

Feature HDFC Bank Private Bank
Kotak Mahindra 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
Upto 90% on Ex- showroom


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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


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Car Loan Khairagarh 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 Khairagarh EMI Calculator

Car Loan Khairagarh 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 Khairagarh Charges: Leading Banks – Apr 19 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


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Car Loan Khairagarh 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 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.


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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
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


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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.


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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.


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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


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About Khairagarh Car Loan 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).