Car Loan Kurud

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Car Loan Kurud

Best Banks for Car Loan in Kurud


car loan

Car Loan Kurud 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’s maintenance becoming havoc for you? is it affecting your budget too much? Want to shift to a new car? With Dialabank, accessing your car loans have become a piece of cake. Our relationship managers will cater to your needs and ensure you get the loan within a couple of hours. Through us, you will get access to the cheapest car loans. Thus upgrading to a new car isn’t as a daunting task as it used to be before.
A car loan is a financial help offered by different banks and NBFC’s to buy a car. The banks provide the necessary funding for purchasing a vehicle which can be on Ex-Showroom price or the On-Road price of the car. Moreover, they offered the lowest interest rates and minimum document process.

Car Loan Kurud


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Car Loan Kurud 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 Kurud EMI Calculator

Car Loan Kurud 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 Kurud Fees and Charges: Leading Banks – May 28 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 Kurud 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 Kurud

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

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


car loan

How to Apply for Car Loan Kurud

  1. Visit Dialabank
  2. Select the car loan link from the auto loan.
  3. The applicant will be directed to the car loan page, where they can choose their preferred city.


car loan

Which Bank in Kurud Offers the Best Car Loans?

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


car loan

Car Loan for Major Car Manufacturers in Kurud

TABLE WILL APPEAR

Processing Fees / Prepayment Charges on Car Loan Kurud

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 Kurud

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


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Car Loan Kurud Contact Number

For Car Loan Kurud queries, you can call 9878981166.


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Pre Calculated EMI Table for Car Loan Kurud

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 Kurud

It is a town in the Dhamtari district of Chhatisgarh. It is 53 km away from Raipur, which is the capital of the state, and it has a population of 11,469. With Dialabank providing its services to all parts of the country, it is now feasible to have access to car loans.


car loan

Car Loan Banks in Kurud 

Bank Name Bank Address IFSC Code
BANK OF BARODA VILL BHAHTAGAON TEHSIL KURUD DIST DHAMTARI BHAHTAGAON CHHATTISGARH 493663 BARB0BHAHTA
DENA BANK KURUD, TAL DHAMTARI, KURUD 493 663 BKDN0820237
DENA BANK KURUD BHILLAI BRANCH,ABHISHEK BHAWAN, ABANT BAI CHOWK, KOHKA, KURUD PIN 490024 BKDN0831865
DENA BANK KORRA BRANCH, C O BIM DEV SAHU, VILL AND PO KORRA, TEHSIL KURUD, DIST DHAMTARI, PIN 493770 BKDN0831941
CENTRAL BANK OF INDIA NEAR NAGAR PANCHAYAT BHAWAN, MAIN ROAD BHAKHARA, KURD, DHAMTARI, CHHATTISGARH CBIN0284073
CANARA BANK CANARA BANK SHOP NO-11,12 BYE PASS ROAD KURUD,CHHATISGARH,493663 KURUD CHATTISGARH 493663 CNRB0006721
HDFC BANK HDFC BANK LTD GROUND FLR MEZZANINE FLOOR SHOP NO2 OPPPRIYANKA COLONY BYPASS ROAD KURUD DHAMTARI CHHATTISGARH 493663 HDFC0009073
ICICI BANK LIMITED BESIDE NAGAR PANCHAYAT PARASHAR SAMUDAIK BHAWAN KURUD DIST DHAMTARI PIN 493663 ICIC0003716
ORIENTAL BANK OF COMMERCE OLD NAGAR PANCHAYAT BUILDING, MAIN ROAD, DISTT DHAMTARI, CHATTISGARH, KURUD ORBC0101509
UCO BANK SANJAY NAGAR WARD, MAIN ROAD, KURUDDISTRICT DHAMTARI, CHHATTISGARH UCBA0003018
VIJAYA BANK SUNCITY COMPLEX, BYPASS ROAD KURUD, DHAMTARI DIST VIJB0007696
YES BANK YES, BANK LTD. GROUND FLOOR AND MEZZANINE FLOOR, KHASRA NO. 22210, SHOP NO. 9 SITUATED AT BYPASS ROAD, KURUD, DISTT. DHAMTARI, CHHATTISGARH-493669 YESB0001033

FAQ’s About Kurud Car Loan

✅ What are Car Loan Kurud prepayment charges?

Prepayment is different for each bank. However, some bank’s don’t charge any prepayment fee.

✅ Can I get a top-up loan on my existing car loan in Kurud?

Yes, Almost all banks in Kurud provides top-up loans.

✅ Do I need to provide a guarantor to avail myself of a car loan in Kurud?

No, there is no need to provide a guarantor for a car loan in Kurud. However, you may need a guarantor if you miss the eligibility criteria.