Car Loan Kudal

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Car Loan Kudal

Best Banks for Car Loan in Kudal


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Car Loan Kudal 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 Kudal


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Car Loan Kudal 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 Kudal EMI Calculator

Car Loan Kudal 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 Kudal 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


car loan

Car Loan Kudal 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.


car loan

How to Get the Best Car Loan Interest Rates in Kudal

Car loans in Kudal offered by each lender are different, but they are reasonable.

  • Choose a shorter repayment for a Car Loan in Kudal– People believe that lengthier repayment terms are better as EMIs for such car loan in Kudal is low. However, they don’t seem aware that lenders in Kudal view lengthier payback terms as an indication of a borrower’s low repayment capabilities, so they charge higher interest in Kudal.
  • Research and compare offer by different lenders in Kudal– You should explore and compare the benefits offered by different lenders in Kudal. Comparing can help you determine the lenders in Kudal that provide the best interest rates and which lender in Kudal to choose for a car loan.
  • Maintain a modest debt-to-income ratio for a Car Loan in Kudal– The debt-to-income ratio in Kudal measures how much of your income goes toward other loan repayments in Kudal. Lenders in Kudal take this into account when setting interest rates. So if your debt-to-income ratio is lower, you can get a car loan in Kudal easily.
  • Car Loan in Kudal Maintain a good credit score– Lenders in Kudal will be pleased to offer you a car loan with cheaper interest rates if you have a good credit score. Lenders in Kudal consider a credit score of above 750 to be reliable. Many lenders in Kudal may give auto loans to people with bad credit, but they demand a higher interest rate for such car loans in Kudal.


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How to Apply for Car Loan Kudal?

  1. Visit Dialabank.
  2. Apply for a Car Loan.
  3. Enter your number.
  4. For more information call 9878981166.


car loan

Which Bank in Kudal Offers the Best Car Loans?

Many banks and NBFCs, like ICICI, SBI and HDFC, offer vehicle loans in Kudal. However, the finest lender in Kudal is one that provides you with a Car Loan Kudal at a reasonable interest rate and can provide the funds as quickly as possible. Therefore, it is always better to compare your vehicle loans from many lenders in Kudal before applying for one that meets all your needs.

Car Loan for Major Car Manufacturers in Kudal

TABLE WILL APPEAR

Processing Fees / Prepayment Charges on Car Loan Kudal

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 Kudal

The CIBIL score defines your ability to pay off your Car Loan in Kudal. A good Credit score means good credit history and makes your car loan Kudal process smooth and easy to be processed. Mainly, banks and NBFCs in Kudal consider a credit score of 750 and above as a reliable score to approve your loan in Kudal.


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Car Loan Kudal Contact Number

For Car Loan Kudal queries, you can call 9878981166.


car loan

Pre Calculated EMI Table for Car Loan Kudal

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 Kudal

Kudal is a town located in the Sindhudurg district of Maharashtra, India.


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Car Loan Banks in Kudal IFSC

Bank Name Bank Address IFSC Code
BANK OF BARODA BANK OF BARODA ASHIRWAD BHAVAN NEAR POST OFFICE PIN 416 520 BARB0KUDALX
DENA BANK AT AND POST-KUDAL 475, BAZAR PETH KUDAL MAHARASHTRA BKDN0470601
BANK OF INDIA A19 MEHANEEL PLAZA, GANESH NAGARAT & POSTTAL KUDAL DISTT SINDHUDURG BKID0001471
CENTRAL BANK OF INDIA KILEDAR HOUSE,BHOSALEWADI,KUDAL,KUDAL-416520,SINDHUDURG, MAHARASHTRA CBIN0284595
DOMBIVLI NAGARI SAHAKARI BANK LIMITED KUDAL, DIST.SINDHUDURG,PATKAR COMPLEX, GROUND FLOOR, SURVEY NO. 25910B1,AT VILLAGE KUDAL, TALUKA -KUDAL, DIST. SINDHUDURG, PINCODE 416520 DNSB0000077
HDFC BANK HDFC BANK LTD. KRISHNA RAJANI AVENUE NEAR KUDAL POST OFFICE, GANESH NGR KUDAL, SINDHUDURG MAHARASHTRA 416502 HDFC0002494
HDFC BANK PL.NO.32 NAVANGAR VIKAS PRADHIKARAN SINDHUDURG NAGARI-OROS HDFC0CSINDC
ICICI BANK LIMITED ICICI BANK LTD , A – 11 TO 14 ,MEHANEEL PLAZA, GANESH NAGER KUDAL MALVAN ROAD TALUKA KUDAL SINDHUDURG 416520 ICIC0001730
INDUSIND BANK GROUND FLOOR SHOP NOS 19 20 21 AND 22 CITY CENTRECOMPLEX OPPOSITE POLICE STATION VENGURLA KUDAL ROAD KUDAL SINDHUDURG MAHARASHTRA 416520 INDB0001367
KOTAK MAHINDRA BANK LIMITED SHOP NO 1,2,3 & 4, OFFICE NO 1 & 2, GROUND FLOOR, HERAMB APARTMENT, PLOT NO 2(B), SHIVAJI NAGAR, KUDAL – 416520, TALUKA KUDAL, DISTRICT – SINDHUDURG. MAHARASHTRA KKBK0001999
KOTAK MAHINDRA BANK LIMITED SHOP NO 2 & 3, FIRST FLOOR, NARAYANPRASAD COMPLEX, HOUSE NO 22, PANDUR – 416520, TALUKA – KUDAL, DISTRICT SINDHUDURG, MAHARASHTRA. KKBK0002018
BANK OF MAHARASHTRA SHANTADURGA NIWAS, VARDE BLDG, MAIN ROAD, KUDAL, DIST – SINDHUDURG. PIN 416520 MAHB0000070
BANK OF MAHARASHTRA NAZIR MANZIL LAXMI ROAD, AP. KUDAL TAL JAOLI 415514 MAHB0000292
NKGSB COOPERATIVE BANK LIMITED CITY CENTER, KUDAL VENGURLA ROAD, KUDAL 416520 NKGS0000054
STATE BANK OF INDIA DISTSINDHUDURG MAHARASHTRA 416520 SBIN0001245
STATE BANK OF INDIA NAVNAGARTALUKA KUDAL DISTT SINDHUDURG MAHARASHTRA 416812 SBIN0004511
STATE BANK OF INDIA SY NO 33 B 4 NEAR VAINGANGA KRISHNA GRAMIN BANKSHIVAJI NAGAR SBIN0021864
THE SINDHUDURG DISTRICT CENTRAL COOP BANK LTD AT AND POST AND TAL KUDAL SIDC0001013
SARASWAT COOPERATIVE BANK LIMITED PRATHAM APARTMENT, NEAR KUDAL HIGH SCHOOL, KUDAL, DIST SINDHUDURG – 416520. SRCB0000220
SYNDICATE BANK KUDAL MALWAN MN RD, SINDHUDURG DIST, KUDAL, MAHARASHTRA,416520 SYNB0005379
SYNDICATE BANK BLDG.NO.463,OROS BUDRUK, NEAR OROS PHATA, MUMBAI-GOA HIGHWAY TAL.KUDAL DIST, SINDHUDURG MAHARASHTRA INDIA -416812 SYNB0005387
UNION BANK OF INDIA PUNYA SHLOK BAPUSAHEB MIDC RD NEAR HIGH SCHL KUDAL MAHARASHTRA PINCODE 416520 UBIN0568708
UCO BANK KUDAL BRANCH,TALUKA KUDAL,DIST SINDUDURG 416520 UCBA0003064
AXIS BANK MITRA COMPLEX GALA NO 909 12 NEAR POLICE STATION KUDAL VENGURLA ROAD PIN CODE 416520 UTIB0002630
 
 

FAQ’s About Kudal Car Loan

✅ How to Check your loan status for Car Loan Kudal?

You can track your car loan status online on the bank’s official website.

✅ How to Calculate Car Loan Interest in Kudal?

Use Dialabank’s EMI calculator to find out your interest as well as your EMI.

✅ What is the maximum loan amount I can avail of on a Car Loan from banks in Kudal?

The maximum loan amount you can avail of on a car loan in Kudal is up to 100% of On Road Price.