Major Car Loan Providers in Khairav
Car Loan Khairav 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 Khairav 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 Khairav EMI Calculator
Car Loan Khairav 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 Khairav Fees and Charges: Leading Banks – Mar 28 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 Khairav 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 Khairav
Varied lenders in Khairav offer different interest rates on auto loans, but they are all sensible and competitive. Follow the steps below to secure a car loan in Khairav with the lowest interest rate:
- Choose a shorter repayment term – Because the monthly EMI (equivalent monthly instalment) is cheap, many vehicle loan applicants assume that longer repayment terms are better. They don’t appear to realise that lenders 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.
- Research and compare the perks offered by different lenders – If you want to receive a good bargain on an auto loan in Khairav, you should first look into and evaluate the different lenders’ features. This can assist you in determining which lenders in Khairav 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 the Khairav applicant’s income goes toward 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 in Khairav 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 Khairav. Many lenders in Khairav may provide negative credit borrowers auto loans, but they will charge a higher interest rate. To ensure a decent credit score for loans in Khairav, 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 Khairav with confidence if your credit score is good.
How to Apply for a Car Loan in Khairav?
Applying for a car loan with Dialabank is an easy process.
- Visit o.Dialabank.
- Select Car Loan
- Fill out the form.
- You can also call 9878981166 or go to the nearest branch.
Which Bank in Khairav Offers the Best Car Loans?
Vehicle loans are available in Khairav from several large banks and NBFCs, including HDFC, Private, and SBI. The best lender in Khairav 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 in Khairav 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 Khairav
TABLE WILL APPEAR
Processing Fees & Prepayment Charges on Car Loan Khairav
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 Khairav
Your CIBIL score reflects your previous credit history as well as any defaults on previous loans in Khairav. Because most financial institutions want a high credit score, a decent credit score is 750 or above. However, each bank and NBFC in Khairav 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.
Car Loan Khairav Contact Number
To know more about the car loan in Khairav, give us a call on 9878981166.
Pre Calculated EMI Table for Car Loan Khairav
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 Khairav
Khairav is a hamlet in Maharashtra’s Buldhana District’s Sindkhedraja Taluka. It is located in the Vidarbha region. The Amravati Division includes it. Buldhana, the district headquarters, is 62 kilometres away. Sindkhedraja is a ten-kilometre drive away. The state capital, Mumbai, is 439 kilometres distant. Deulgaon Mahi is the postal head office for Khairav, and the pin code is 443206.
FAQ’s About Khairav Car Loan
✅ What kinds of automobiles can I get a Car Loan in Khairav?
Car loans in Khairav can be used to acquire a wide range of passenger vehicles, including SUVs, MUVs, and other models. A car loan in Khairav can also be used to finance the purchase of a commercial vehicle.
✅ Is it feasible to get a loan on my existing car in Khairav?
Yes, many lenders in Khairav will issue you a loan on your present vehicle if you have a good payment history with your current lender.
✅ What are my alternatives for repaying my Auto Loan in Khairav?
Standing Instruction (SI), Electronic Clearing Service (ECS), and (PDCs) Post-Dated Cheques are three options for repaying your loan in Khairav.