Car Loan Kosikalan

Best Banks for Car Loan in Kosikalan

Car Loan Kosikalan 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 Kosikalan 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 Kosikalan EMI Calculator

Car Loan Kosikalan 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 Kosikalan Fees and Charges: Leading Banks – Mar 31 2023

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 Kosikalan 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 Kosikalan

The interest rates on auto loans offered by different financial institutes in Kosikalan can vary, but they all will be reasonable and competitive. If you want to get a car loan in Kosikalan 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 indicates 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 which provides 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 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 Kosikalan?

Availing of a car loan in Kosikalan is an easy process with Dialabank.

First, Visit Dialabank.
Click on the car loan option available in the menu tab of the loans
Fill in the details required regarding the car type and your income level
Wait as our customer relationship manager will soon get in touch with you regarding your loan application
You may also contact our customer relationship managers on the number 9878981166 regarding any query
For availing of a car loan offline, you will be required to visit the nearest branch personally and check on the rates available that might consume a lot of time and energy.

Which Bank in Kosikalan Offers the Best Car Loans?

To get the best offers for car loans in Kosikalan, 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 Kosikalan

TABLE WILL APPEAR

Processing Fees / Prepayment Charges on Car Loan Kosikalan

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 Kosikalan

The credit score is what defines your ability to pay off your credits to the banks in Kosikalan. A higher CIBIL score in Kosikalan defines your good credit history and makes your application process smooth and easy to be processed. Usually, banks and NBFCs require a credit score of 750 and above to approve your loan application process in Kosikalan.

Car Loan Kosikalan Contact Number

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

Pre Calculated EMI Table for Car Loan Kosikalan

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 Kosikalan

Kosikalan is a city in the Mathura district in the Indian state of Uttar Pradesh. Availing of a car loan in Kosikalan is an easy process with Dialabank. In case of any queries regarding the car loan in Kosikalan, you may contact on the number 9878981166 for any assistance.

Car Loan Banks in Kosikalan

Bank	Bank Address	IFSC
SYNDICATE BANK	RAJ BHAVAN, 1ST FLOOR, OLD G.T. ROAD, KOSIKALAN, MATHURA , 281 403	SYNB0008525

FAQ’s About Kosikalan Car Loan

✅ Can the borrower include the insurance amount in the car loan?

No, the Borrower needs to pay the insurance amount by himself.

✅ Do bank Finance for accessories of car for a car loan in Kosikalan?

No, Banks do not pay for accessories borrowers should pay it by themselves.

✅ What will happen if the borrower pays EMI late for a car loan?

The borrower’s credit score will come down by some points for paying the EMI bill late for a car loan.

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