Car Loan Kosikalan

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Car Loan Kosikalan

Best Banks for Car Loan in Kosikalan


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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


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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


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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


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Car Loan Kosikalan Fees and Charges: Leading Banks – May 25 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 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.


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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.


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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
>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 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.


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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.


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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


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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.


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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.