Car Loan Kurud

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 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 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

Car Loan Kurud Fees and Charges: Leading Banks – Apr 26 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 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.

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.

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 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
Private 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.