Car Loan Khairthal

Best Banks for Car Loan in Khairthal

Car Loan Khairthal 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 Khairthal

Car Loan Khairthal 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 Khairthal EMI Calculator

Car Loan Khairthal 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 Khairthal Charges: Leading Banks – Apr 18 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 Khairthal 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 Khairthal

Different lenders in Khairthal offer different interest rates on auto loans, but they are all sensible and competitive. Follow the steps below to secure a car loan in Khairthal 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 your Khairthal auto loan, you should first look into and evaluate the different lenders’ features. This can assist you in determining which lenders in Khairthal 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 toward loan repayment in Khairthal, 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 Khairthal with a lower interest rate.
Maintain a good credit score — If you have an excellent credit score, lenders in Khairthal 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. Many lenders in Khairthal may provide negative credit borrowers auto loans, but they will charge a higher interest rate.

How to Apply for a Car Loan in Khairthal?

Apply online at Dialabank.
Select Loan
Provide details
Call 9878981166 for more information on vehicle loans in Khairthal and free consultation.

Which Bank in Khairthal Offers the Best Car Loans?

Car Loan Khairthal

Vehicle loans are available from some large banks and NBFCs in Khairthal, including HDFC, Private, and SBI. The best lender in Khairthal 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 Khairthal 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 Khairthal

TABLE WILL APPEAR

Processing Fees & Prepayment Charges on Car Loan Khairthal

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 Khairthal

Every banking institution in Khairthal has its own set of CIBIL score requirements for processing Car Loan applications to reduce the risk of lending to a consumer. To execute your loan application, most lenders require a CIBIL score of 750 or more. Having a solid CIBIL score also helps you get loans at a lower interest rate.

Car Loan Khairthal Contact Number

You can get a car loan from Khairthal easily from Dialabank by contacting the number 9878981166.

Pre Calculated EMI Table for Car Loan Khairthal

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 Khairthal

Khairthal is a town and municipality in Rajasthan’s Alwar district, located in the Tehsil Kishangarh Bas. The town is situated near the northernmost point of the Aravalli Range. It is a significant industrial centre in Rajasthan because of its linkages to Delhi and Jaipur. In addition, Khairthal has one of Rajasthan’s largest grain markets. In the year 2000, the APMC Mandi in Khairthal first opened its doors. A Brahmin group founded Khairthal, which was afterwards joined by Sindhi and Vyasya communities.

As of the 2011 Indian Census, Khairthal city had a total population of 118,401.

FAQ’s About Khairthal Car Loan

✅ What kind of vehicles can I get in a Khairthal car loan?

A wide range of passenger vehicles, including SUVs, MUVs, and other types, are eligible for car loans in Khairthal. A car loan in Khairthal can also be used to purchase a corporate vehicle.

✅ Is it feasible to get a loan on my existing vehicle?

Yes, many lenders 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 car loan?

Standing Instruction (SI), Electronic Clearing Service (ECS), and Post-Dated Cheques are three options for repaying your loan (PDCs). However, the first two options for recovering your debt are frequently advised because they are speedier and have a lower risk of error than PDCs.