Car loan Kulgam

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 Kulgam

Best Banks for Car Loan in Kulgam

Feature HDFC Bank Private Bank
Kotak Mahindra Bank
Interest Rate (p.a.) 7.35 % - 7.95 % 8.5 % - 9.5 % 11 %
Min Loan Amt Metro : 1 Lac & Non Metro: 75000 75000 75000
Max Loan Amt 1 Cr 1 Cr 1 Cr
Loan Tenure Upto 7 Years Upto 5 Years Upto 5 Years
Processing Fee 1999 - 4999 + Tax 0.25% to 1.50% 0.25% to 1.50%
Preclosure Chgs 2%, Nil after 24 months 2%, Nil after 36 months Nil
Loan to Value (LTV) Upto 100% on Ex- showroom Upto 95% on Ex- showroom
Upto 90% on Ex- showroom


car loan

Car Loan Kulgam 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

Owing or buying a car has always been a dream of every individual. You just have to see a dream, and we will fulfil those dreams for you by providing a car loan with easy and better terms and conditions. So avail car loan today only with Dialabank and fulfil all your dreams.

Car Loan Kulgam


car loan

Car Loan Kulgam 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

Car Loan Kulgam EMI Calculator

Car Loan Kulgam 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 Kulgam Fees and Charges: Leading Banks – Mar 28 2024

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

Car Loan Kulgam 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 Kulgam

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

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


car loan

How to Apply for a Car Loan in Kulgam?

  1. First, visit Dialabank.
  2. After that, apply for Car Loans Online.
  3. Provide your number, and Dialabank’s executives will contact you.
  4. Dialabank is the best platform to apply for a car loan Kulgam as you will get a loan at affordable interest rates.

Which Bank in Kulgam Offers the Best Car Loans?

Many banks and NBFCs, like Private, SBI and HDFC, offer vehicle loans in Kulgam. However, the finest lender in Kulgam is one that provides you with a Car Loan Kulgam 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 Kulgam before applying for one that meets all of your needs.


car loan

Car Loan for Major Car Manufacturers in Kulgam

TABLE WILL APPEAR

Processing Fees / Prepayment Charges on Car Loan Kulgam

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 Kulgam

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


car loan

Car Loan Kulgam Contact Number

For Car Loan Kulgam queries, you can call 9878981166.


car loan

Pre Calculated EMI Table for Car Loan Kulgam

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 Kulgam

Kulgam is a town as well as an administrative division located in the Kulgam district of Jammu and Kashmir, India.  For more information on Car Loans, you can visit our official site.


car loan

Car Loan Banks in Kulgam IFSC

Bank Name Bank Address IFSC Code
HDFC BANK HDFC BANK LTD MIR BUILDING, COLLEGE ROAD, KULGAM SRINAGAR JAMMU & KASHMIR 192232 HDFC0002862
JAMMU AND KASHMIR BANK LIMITED WALTENGO JAKA0BAGDAD
JAMMU AND KASHMIR BANK LIMITED J&K BANK, KILLAM, NEAR MASJID SHARIEF, DISTRICT KULGAM, PIN- 192231 JAKA0KEELAM
JAMMU AND KASHMIR BANK LIMITED BLOCK QAIMOH, DISTRICT KULGAM, KASHMIR, PIN- 192232 JAKA0TARIGA
STATE BANK OF INDIA QAZI GUND ADDA,DISTT KULGAMSRINAGAR 192 104 SBIN0010736
AXIS BANK GROUND FLOOR, KHASRA NO. 36762, KHANABAL QAZIGUND ROAD, VILLAGE BUNIGAM, TEHSIL & DIST KULGAM, JAMMU & KASHMIR, PIN 192221 UTIB0002377

FAQ’s About Kulgam Car Loan

✅ What is Car Loan Kulgam?

Car Loan Kulgan is a loan amount provided to people who wish to buy a new or used automobile.

✅ How to get Car Loans from Kulgam online?

  1. Visit Dialabank.
  2. Please wait for a call from the Contact Manager, and they will guide you through each process.
  3. You can compare different offers and interests from banks and other NBFCs and choose the one that suits your needs.
  4. After a quick verification, you will receive the best proposals possible.

✅ How does Car Loan in Kulgam work?

When you apply for a car loan from any bank in Kulgam, you will get a call from our representative. After that, there will be a quick document verification process. Once your documents are verified, you will receive your loan amount.