Car Loan Kurali

Best Banks for Car Loan in Kurali

Car Loan Kurali 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

It is difficult to save money and spend on your desire to own your vehicle in this materialistic world today. So car loan in Kurali is here to remove all your problems related to the car. Car Loan in Kurali is an offer that provides finance to people in Kurali for buying a car. A car loan also gives a person the benefit of paying the vehicle amount in instalments rather than paying for it at once. Car Loan in Kurali requires a minimum documentation process and fewer fees process.

Car Loan Kurali

Car Loan Kurali 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 Kurali EMI Calculator

Car Loan Kurali 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 Kurali Fees and Charges: Leading Banks – May 08 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 Kurali 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 Kurali

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

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

How to apply for Car Loan Kurali?

Visit Dialabank
Go to the loans section and select auto loan, followed by the car loan link.
You will be directed to all the car loan details where they can choose their preferred city.

Which Bank in Kurali Offers the Best Car Loans?

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

Car Loan for Major Car Manufacturers in Kurali

TABLE WILL APPEAR

Processing Fees / Prepayment Charges on Car Loan Kurali

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 Kurali

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

Car Loan Kurali Contact Number

For Car Loan Kurali queries, you can call 9878981166.

Pre Calculated EMI Table for Car Loan Kurali

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 Kurali

Kurali is a city located in the district of S.A.S. Nagar and Kurali is also a municipal council in the Greater Mohali area. Mohali district is located in the Indian state of Punjab.

Car Loan Banks in Kurali IFSC

Bank Name	Bank Address	IFSC Code
ALLAHABAD BANK	SHOW ROOM NUMBER 225 WARD NO. 9 CHANDIGARH AMRITSAR HIGHWAY KURALI DISTT MOHALI (PUNJAB) 140103	ALLA0212595
BANK OF BARODA	H S NO 365 WARD NO 9 CHANDIGARH ROAD OPP ACTIVA HONDA SHOWROOM KURALI PUNJAB 140103	BARB0KURALI
CANARA BANK	WARD NO.7, CHANDIGARH ROAD (NH 21), KURALI 141103 DIST. MOHALI STATE PUNJAB	CNRB0003509
CORPORATION BANK	WARD NO.7, BUS STAND CHANDIGARH ROAD KURALI	CORP0001887
FEDERAL BANK	7-8, OPPOSITE KHALSA SCHOOL, NH-21, KURALI, DIST. S.A.S. NAGAR, PUNJAB – 140103	FDRL0002044
HDFC BANK	CHANDIGARH ROAD, KURALICHANDIGARH ROAD, KURALI CHANDIGARH ROAD, KURALI	HDFC0001371
Private BANK LIMITED	Private BANK LTD, WARD NO 7 CHANDIGARH-KURALI HIGHWAY, KURALI-140103	ICIC0001524
INDIAN BANK	OPPOSITE VETERINARY HOSPITAL NIHOLKA ROAD KURALI KHARAR	IDIB000K324
ORIENTAL BANK OF COMMERCE	RAILWAY ROAD, KURALI	ORBC0100662
PUNJAB AND SIND BANK	MAN COMPLEX, BUS STAND, SISWAN ROAD, BLOCK MAJRI KURALI DISTT S.A.S.NAGAR (MOHALI)	PSIB0000194
PUNJAB NATIONAL BANK	KRISHNA MANDI	PUNB0027900
STATE BANK OF INDIA	TAL MIYAGAM KARJAN DT VADODARA GUJ STATE PIN 391240	SBIN0007785
STATE BANK OF INDIA	SHOWROOM NO 3 4, MODERN SHOPPING COMPLEX, OPPOSITE KHALSA SCHOOL, NH 21, KURALI, DISTRICT MOHALI, PB 140103	SBIN0013515
STATE BANK OF INDIA	KRISHNA MANDIKURALI 140103	SBIN0050085
AXIS BANK	GR FLR WARD NO 5	UTIB0003442
VIJAYA BANK	CHANDIGARH RD, NR GUPTA HOSPITAL	VIJB0007550
YES BANK	GROUND FLOOR, KHASRA NO80163151, WARD NO 7, CHANDIGARH ROAD, PO KURALI, KURALI, PUNJAB-140103	YESB0000304
YES BANK	OPP SUB POST OFFICE, KURALI – 140103	YESB0CB0011

FAQ’s About Kurali Car Loan

✅ What are the types of cars that I purchase with a car loan Kurali?

Car loans in Kurali can be used to buy various passenger vehicles, SUVs (Sport Utility Vehicles), MUVs (Multi Utility Vehicles), and other vehicles. You can also get a car loan in Kurali to acquire a vehicle for business purposes. Truck, tractor, and construction equipment loans are also available from lenders.

✅ Can I acquire a Car Loan Kurali on my current vehicle?

Yes, you can acquire a car loan in Kurali on your current if you have a strong payment history with your current lender in Kurali.

✅ What are Car Loan Kurali options for repayment?

Standing Instruction, Electronic Clearing Service, and Post-Dated Cheques are the three options for repaying your loan in Kurali. The first two options are better as they are faster and have a lower risk of error.