Car Loan Koteshwar

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Car Loan Koteshwar

Best Banks for Car Loan in Koteshwar


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Car Loan Koteshwar 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

Is your car making a lot of noise, and you are tired of going to the mechanic now and then? Want to upgrade? Worry no more! Our relationship managers will help you with all the required documentation and ensure that the entire process is carried out smoothly. With Dialabank accessing cars, loans have become a piece of cake.
Car Loan Koteshwar


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Car Loan Koteshwar 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 Koteshwar EMI Calculator

Car Loan Koteshwar 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 Koteshwar Fees and Charges: Leading Banks – May 27 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 Koteshwar 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 Koteshwar

The interest rate provided by the bank for every individual is separate, and this is decided based on many things. If a borrower wants to get the best deals for a car loan in Koteshwar with the lowest interest rate, follow the steps below-

  • The borrower needs to maintain a good credit score to get a loan approved fast with a lower interest rate. Banks usually look at credit scores. If it is 750 or above, then they provide loans with a lower rate of interest.
  • The lender also checks for Debt to income ratio, which means what part of the borrower’s income is going for the loan.
  • Borrowers should compare with other banks before taking a decision. He must compare the standard interest rate, processing and another factor which affects loan.
  • When the borrower gets a loan, and it is time to decide repayment tenure. The borrower must go for a short time period. This will reduce the borrower’s total interest rate to be paid—the interest rate increases with the increase in time.

How to Apply for a Car Loan in Koteshwar?

  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 Koteshwar Offers the Best Car Loans?

In Koteshwar, you might come across many top banks and get many options for loans. The best bank offering a car loan would be the one that provides you with the loan at a lower cost of interest. This can vary for every individual. To know which would be the best bank offering car loans, you need to compare or contact Dialabank on 9878981166 and understand the interest rates provided by all banks. This service is free. You can ask about any loan or finance-related queries at any time.

Car Loan for Major Car Manufacturers in Koteshwar

TABLE WILL APPEAR

Processing Fees / Prepayment Charges on Car Loan Koteshwar

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 Koteshwar

When it comes to CIBIL score, one can understand it as the ability of the borrower to repay the loan. This score is majority dependent on the past performance of borrowers in the loan process. It can be regular repayment or any negative comment. Banks and NBFCs prefer this score to be 750 or above. If you have a 750 or above CIBIL, you need not worry about the loan process or interest rate.

For a good CIBIL score, the bank provides a loan at a lower interest cost and approves a loan request. Therefore, the loan process becomes way more easy and smooth with a good CIBIL score.


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Car Loan Koteshwar Contact Number

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


car loan

Pre Calculated EMI Table for Car Loan Koteshwar

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 Koteshawar

It is a village in the Kutch district of Gujarat. This is also the location of an ancient Shiv temple. With Dialabank providing its services to all parts of the country, it is now feasible to access car loans.


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FAQ’s About Koteshwar Car Loan

What is the minimum required age for getting a car loan in Koteshwar?

To get a car loan for salaried employees, the minimum age should be 21 years, and for a self-employed person, the minimum required age is 30 years.

What are the foreclosure charges applicable on a car loan?

A bank’s foreclosure charges for a car loan are 0.06% for both new and used car loans.

What are other charges charged for a car loan?

An applicant is expected to pay the processing fee, Cheque swap charges, documentation charges, registration charges. These are some mainly asked charged by the bank. Other than this, you may also need to pay prepayment fees if you do part payment of the loan or full payment of the loan.