Car Loan Koregaon

I have read the Privacy Policy & Agree to Terms & Conditions and authorize Dialabank & its partner institutions to Call or SMS me with reference to my application.

Buy your dream Car

Rates as low as 7.05%*
Up to 100% Funding
Doorstep Service
Hassle-free Disbursal
Unbiased Experts Advice

Car Loan Koregaon

Best Banks for Car Loan in Koregaon


car loan

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

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

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

Car Loan Koregaon Fees and Charges: Leading Banks – May 21 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


car loan

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.


car loan

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?

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


car loan

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
>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


car loan

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

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.


car loan

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


car loan

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

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
ICICIBANKLIMITED ICICI 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.