Car Loan Khliehriat

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Car Loan Khliehriat

Best Banks for Car Loan in Khliehriat


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Car Loan Khliehriat 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 Khliehriat


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Car Loan Khliehriat 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 Khliehriat EMI Calculator

Car Loan Khliehriat 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 Khliehriat Fees and Charges: Leading Banks – May 20 2022

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
ICICI 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 Khliehriat 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 Khliehriat

The interest rate offered by banks in Khliehriat varies for every individual. To see the points which banks consider, check the points given below –

  • Credit score plays an important role. Lenders check for credit scores while deciding the loan interest rate. For a good credit score, they provide loans at lower interest rates.
  • If the time for repaying the loan amount is more, the borrower would have to give more funds for interest rate. Therefore, to get a loan at a low-interest rate, choose a short time for repayment.
  • The debt to income ratio also matters in getting a loan at a lower interest rate. If the lender finds out the Debt to income ratio is low, they provide a loan at a lower interest rate.
  • The above mentioned pointed to consider after choosing the bank. However, before that, one should check and compare the interest rate offered by different banks in Khliehriat.

How to Apply for a Car Loan in Khliehriat?

  1. Visit Dialabank

  2. Go to the loan section and select auto loan, followed by the car loan link.

  3. The applicant will be directed to all the car loan details where they can choose their preferred city.


car loan

Which Bank in Khliehriat Offers the Best Car Loans?

To get the best offers for auto loans, an applicant must research and compare the interest rates, processing fees and flexibility in repayment options offered by lenders. By considering this, you can shortlist and pick up the bank which offers loans with the best deals for you.

Car Loan for Major Car Manufacturers in Khliehriat

TABLE WILL APPEAR

Processing Fees / Prepayment Charges on Car Loan Khliehriat

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 Khliehriat

CIBIL score is required for getting a car loan in Khliehriat. This score gives lenders an idea about the loan experience of the borrower. Lenders usually want this to be 750 and above. If they find borrowers credit score in good criteria, they give loans easily, and the loan procedure also becomes smooth. Another benefit given to the borrower for a good CIBIL score is loan is offered at a lower interest rate.

If your CIBIL score is low, there are more chances of getting loan applications declined. Even if you get a loan, it would be with a higher interest rate. So, To get a loan with good deals, you need to maintain a CIBIL score.


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Car Loan Khliehriat Contact Number

In case of any queries regarding the car loan in Khliehriat, you may contact on the number 9878981166 for any assistance.


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Pre Calculated EMI Table for Car Loan Khliehriat

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 Khliehriat

Khliehriat is the headquarters of the East Jaintia Hills district in the Meghalaya state of India. If you want to take a car loan from Khliehriat, visit our website and get the loan at a low-interest rate.

FAQ’s About Khliehriat Car Loan

What types of vehicles can I purchase through Khliehriat auto loan?

Car loans can be used to buy various passenger vehicles, such as SUVs, MUVs, and other vehicles. You can also get this loan to acquire a vehicle for business purposes.

Is it possible to acquire a loan in Khliehriat on my current vehicle?

Yes, if you have a strong payment history with your current lender in Khliehriat, many lenders will grant you a loan on your current vehicle.

What options do I have for repaying my Khliehriat auto loan?

Three possibilities for repaying your Khliehriat loan are Standing Instruction (SI), Electronic Clearing Service (ECS), and Post-Dated Cheques (PDCs). You usually return your Khliehriat loan using the first two options because they are speedier and have a lower.