Car Loan Koregaon

Best Banks for Car Loan in Koregaon

Car Loan Koregaon 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 Koregaon

Car Loan Koregaon Eligibility Criteria

The car loan eligibility requirements are as follows in Koregaon:

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 Koregaon EMI Calculator

Car Loan Koregaon 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 Koregaon Fees and Charges: Leading Banks – Apr 25 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 Koregaon Documents Required

Documents required for car loan are as follows:

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 Koregaon

The interest rates on auto loans offered by different financial institutes in Koregaon can vary, but they all will be reasonable and competitive. If you want to get a car loan in Koregaon with the lowest rate of interest, follow the steps below:

Choose a shorter repayment period – Many car loan applicants believe that long repayment periods are better because the monthly EMI is less. However, they are not aware of lenders’ view that the longer time period is an indication of a borrower’s low repayment capabilities, so they charge a higher rate of interest. So, If you wish to save money charged on a car loan, consider a shorter payments period.
Research and compare the perks offered by different lenders – If you want to get a good deal on a vehicle loan, you should first explore and compare the offers given by different lenders. This can help figure out lenders that provide the best interest rates and, as a result, which lender to choose.
Maintain a modest debt-to-income ratio – The debt-to-income ratio gives a measure of how many parts of an applicant’s income is going toward loan repayment, and lenders consider this into account while setting interest rates. Therefore, if your debt-to-income ratio is lower, borrowers get a better chance of getting a car loan with a lower interest rate.
Maintain a good credit score — Lenders will be pleased to offer a car loan with cheaper interest rates to borrowers if he has a good credit score. Lenders in Koregaon consider a credit score of above 750 to be a good credit score. Many lenders may give vehicle loans to people with bad credit, but they would demand a higher interest rate.

How to Apply for a Car Loan in Koregaon?

Firstly visit Dialabank
Click on the car loan option displaying on the website.
After that, fill in all the required details on site and apply for a car loan.
Also, mention your contact information.

Which Bank in Koregaon Offers the Best Car Loans?

To get the best offers for Car Loan Koregaon, you need to check and compare the interest rates, processing fees and flexibility in repayment options offered by banks. By this, you can shortlist and pick up the one which offers loans with the best deals for you.

Car Loan for Major Car Manufacturers in Koregaon

TABLE WILL APPEAR

Processing Fees / Prepayment Charges on Car Loan Koregaon

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 Koregaon

When applying for a car loan, your CIBIL score is quite important. The higher your CIBIL score, the more money you can borrow in the shortest length of time. In most cases, the rationale for this is that a CIBIL score reflects the applicant’s credit behaviour. If the score is not good, the customer has a bad credit record, and they might not be good with their past and present credits or debts. Therefore, it may create a big problem for the customers in Koregaon, a CIBIL score of more than 700 is usually considered a good credit score.

Car Loan Koregaon Contact Number

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

Pre Calculated EMI Table for Car Loan Koregaon

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 Koregaon

Koregaon is a town located in Satara district in Maharashtra state, India. In case of any queries regarding the car loan in Koregaon, you can contact on the number 9878981166 for any assistance or visit Dialabank.

Car Loan Banks in Koregaon

Bank	Bank Address	IFSC
BANK OF BARODA	AP WATHAR STATION, TAL KOREGAON, DIST SATARA, MAHARASHTRA 415524.	BARB0WATHAR
BANK OF INDIA	OPPOSE TEHSIL OFFICE RAHITMATPUR ROAD AT AND PO KOREGAON TAL KOREGAON DIST-SATARA	BKID0001320
HDFC BANK	HDFC BANK LTD ANISHA HEIGHTS OPP SBI MAIN ROAD KOREGAON SATARA MAHARASHTRA 415501	HDFC0004734
IDBI BANK	KAPAD BAZAR PETH,AT & POST KOREGAONSATARA415501	IBKL0000473
IDBI BANK	AP KANHER KHED DIST SATARA	IBKL0001777
PrivateBANKLIMITED	Private BANK LTD., NANDADEEP, PLOT NO. 16, LAXMINAGAR, AT POST KOREGAON – 415501, SATARA DIST., MAHARASHTRA	ICIC0002007
JANASEVASAHAKARI BANK LIMITED	RAHIMATPUR ROAD, OPP. TAHASIL OFFICE. AT POST -TALUKA- KOREGAON KOREGAON 415501	JANA0000020
THE KARAD URBAN COOPERATIVE BANK LIMITED	VYANKATESH, AZAD CHOWK, MAIN ROAD, KOREGAON – 415 501	KUCB0488008
BANK OF MAHARASHTRA	NEAR MAHESHWARI MANGAL KARYALAY	MAHB0000286
BANK OF MAHARASHTRA	GOVIND LAXMI NAGAR PLOT 502883 KOREGAON – 415501	MAHB0001563
RAJARAMBAPU SAHAKARI BANK LIMITED	AP.KOREGAON NEAR HANUMAN SOCIETY KOREGAON TAL WALWA DIST SANGLI 416302	RRBP0000019
STATE BANK OF INDIA	KOREGAON, DIST. SATARA	SBIN0000520
STATE BANK OF INDIA	AT.POST.KOREGAON.BHIMA, TAL.SHIRUR. GHANA, DIST PUNE. 412216	SBIN0011647
STATE BANK OF INDIA	AT POST-KUMTHE, TAL-KOREGAON, DISTT.SATARA, MAHARASHTRA-415501	SBIN0018866
YES BANK	F9F10 ADARSH SHIVNERI, KOREGAON – 415501	YESB0SVNB01
YES BANK	NEW PETROL PUMP, MAIN ROAD, KOREGAON – 415501	YESB0SVNB02

FAQ’s About Koregaon Car Loan

✅ What are the methods for repaying my Car loan in Koregaon?

The methods to repay car loans are –

Electronic Clearing Service (ECS),
Standing Instruction (SI)
Post-Dated Cheques (PDCs).

✅ While applying for a car loan, do I need a guarantor?

No Guarantor is not needed while applying for a Koregaon car loan.

✅ What types of vehicles can I acquire with a Koregaon car loan?

It can be passenger vehicles, including SUVs (Sport Utility Vehicles), MUVs (Multi Utility Vehicles). You can also get a Koregaon car loan to purchase a vehicle for business purposes. Some lenders in Koregaon also provide tractor, truck and construction equipment loans.