Car Loan Kumkalan

Best Banks for Car Loan in Kumkalan

Car Loan Kumkalan 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

Are you fed up with travelling around in the buses or waiting and standing for a long time? Want to buy your own car? Dialabank is here to help you with all facilities that you need for having a Car Loan in Kumkalan to avail of it now and enjoy travelling in your car.

Car Loan kumkalan

Car Loan Kumkalan 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 Kumkalan EMI Calculator

Car Loan Kumkalan 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 Kumkalan Fees and Charges: Leading Banks – Apr 27 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 Kumkalan 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 Kumkalan

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

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

How to Apply for a Car Loan in Kumkalan?

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

Which Bank in Kumkalan Offers the Best Car Loans?

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

Car Loan for Major Car Manufacturers in Kumkalan

TABLE WILL APPEAR

Processing Fees / Prepayment Charges on Car Loan Kumkalan

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 Kumkalan

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

Car Loan Kumkalan Contact Number

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

Pre Calculated EMI Table for Car Loan Kumkalan

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 Kumkalan

Kumkalan is a village located in district Ludhiana of the Indian state Punjab, India. For more information on Car Loan, you can visit our official website.

Car Loan Banks in Kumkalan IFSC

Bank Name	Bank Address	IFSC Code
HDFC BANK	HDFC BANK LTD, OPP.COOPERATIVE BANK, VPO KOOM KALAN DISTT. LUDHIANA, PUNJAB LUDHIANA PUNJAB 141126	HDFC0003317

FAQ’s About Kumkalan Car Loan

✅ What kind of vehicles can I purchase in Car Loan Kumkalan?

Car loans in Kumkalan can be used to buy various kinds of vehicles such as SUVs (Sport Utility Vehicles), MUVs (Multi Utility Vehicles). All other types of vehicles are included in the Car Loan Kumkalan. You can also get a car loan in Kumkalan to acquire a vehicle for business purposes. Truck, tractor, and construction equipment loans are also available from lenders.

✅ Is it possible to acquire a loan in Kumkalan on my current vehicle?

Yes, if you have a strong payment history with your current lender in Kumkalan, many lenders will grant you a loan on your current vehicle.

✅ What options do I have for repaying my Car Loan Kumkalan?

Standing Instruction, Electronic Clearing Service, Post-Dated Cheques are the options available for repaying your loan (PDCs). Repaying your loan using the first two options are better as they are faster and have a lower risk of error, unlike PDCs.