Car Loan Mahesana

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Car Loan Mahesana

Best Banks for Car Loan in Mahesana

Feature
HDFC Bank
ICICI 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 Mahesana 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


car loan

Car Loan Mahesana

Car Loan Mahesana 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 Mahesana EMI Calculator

Car Loan Mahesana 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 Mahesana Fees and Charges: Leading Banks – May 21 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 Mahesana 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 Mahesana

The interest rates on vehicle loans offered by different lenders in Mahesana may vary, but they all are competitive and reasonable. So, if you want to get a car loan in Mahesana with the lowest interest rate, then follow the below-mentioned steps:

  • Choose a shorter repayment term – Borrowers usually believe that lengthier repayment terms are better as compared to shorter repayment terms as the monthly EMI are low. Generally applicants don’t seem to be aware of the fact that lengthier payback terms are viewed by the lenders as an indication of a low repayment capabilities of a borrower, due to which they charge higher interest rates.
  • Compare the perks offered by different banks and lenders – To get a decent deal on an auto loan, it is always advised that you must compare and explore deals and benefits offered by different lenders. It will help you choose the bank or lender with the most beneficial and suitable deal for you.
  • Modest debt-to-income ratio – Debt-to-income helps measure the how much amount of applicant’s income goes into the loan repayment and banks can take this information into their account while setting a interest rates for the loan. If your ratio of debt to income is low than you have a better chance of getting a car loan at a low interest rate.
  • Have a Good credit score — Having a good credit score will get you car loan with cheaper interest rates from the lenders as it indicates your ability to pay off credits. A CIBIL Score of 750 is considered as good by lenders or bank. Some lenders would provide auto loans to applicants with bad credit, but they will demand a higher interest rate on loan.

How to Apply for Car Loan in Mahesana ?

Availing of a car loan in Mahesana is an easy process with Dialabank. Follow these steps to apply for Car loan in Mahesana:

  • Visit our website Dialabank .
  • Click on the car loan option in the menu.
  • Fill out the application form with all the required information and details.
  • Once you have filled in details, soon you will be contacted by the relationship manager for further procedure. .
  • Regarding any queries or issues about the loan you can contact on 9878981166.
  • For the offline method visit the branch personally for car loan but might turn to be hectic for you.

Which Bank in Mahesana Offers the Best Car Loans?

In Mahesana there are several NBFCs and banks, including HDFC, ICICI, and SBI, that offers vehicle loans. A lender that provides you with a reasonable rate of interest in your loan amount and can provide the funds as quickly as feasible is the best lender. It is always advised to check and compare vehicle loans from several lenders before applying for one that meets all of your requirements, such as interest rates.

Car Loan for Major Car Manufacturers in Mahesana

TABLE WILL APPEAR

Processing Fees / Prepayment Charges on Car Loan Mahesana

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 Mahesana

CIBIL Score indicates your ability to pay off your credits. A high Credit score indicates the applicant has had a good credit history and is eligible for the loan which makes your loan application process easy and smooth to be processed. The majority, banks and NBFCs consider a credit score of 750 and above as a good score to approve your loan application process in Mahesana.

Car Loan Mahesana Contact Number

In case if you have queries or issues regarding the car loan Mahesana, you can contact us on the number 9878981166 for any sort of assistance.


car loan

Pre Calculated EMI Table for Car Loan Mahesana

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 Mahesana

Mahesana is a city located in state Gujarat. It is also the municipality of District Mahesana established in 1919-20.


car loan

Car Loan Banks in Mahesana

BANK NAME

BANK ADDRESS

BANK IFSC CODE

ALLAHABAD BANK VILLAGE- DEDIYASAN MODHERA ROAD,MAHESANA,TEHSIL&DISTT MEHSANA,GUJRAT 384002 ALLA0212255
ALLAHABAD BANK JEEVDAYA SOCIETY, RADHANPUR ROAD, MEHSANA, GUJRAT 384001 ALLA0213115
ANDHRA BANK SACHI SQUARE,NEAR YOGESWAR HOTEL,RADHANPUR ROAD,MEHSANA 384002 ANDB0002080
AU SMALL FINANCE BANK LIMITED PLOT NO 3A SHEET NO 18 CHALTA NO 138 CITY SURVEY NO 5598 NEXT TO ICICI BANK AHMEDABAD HIGHWAY MEHSANA 382721 AUBL0002141
BANK OF BARODA SHOP NO 5, 6, 7, OPPOSITE GI DC 2 DEDIYASAN, ASHI & TECH FACTORY,DEDIYASAN TALUKA MEHSANA DISTRICT MEHASANA GUJARAT 384 002 BARB0DEDIYA
BANK OF BARODA G F CITY SVY NO 4831 R S NO 55 PAIKI DEESA NEAR CRYSTAL COMPLEX OPP HAWAI PILLAR DEESA GUJARAT 385535 BARB0DEEMEH
BANK OF BARODA RADHANPUR CHAR RASTA BR,MEHSANA 384 002 BARB0DUDHSA
BANK OF BARODA I.E.MEHSANA BRANCH,HIGHWAY, OPP.SIMANDHAR TEMPLE, MEHSANA,MEHSANA,384002 BARB0INDMEH
BANK OF BARODA MARKET YARD BRANCH,KISHAN BHAUVAN, MARKET YARD, MEHSANA,MEHSANA,384001 BARB0MARMEH
BANK OF BARODA MEHSANA MAIN BRANCH,STATION ROAD, MEHSANA.,MEHSANA,384001 BARB0MEHSAN
BANK OF BARODA VILL RANCHHODPURA PO DEVPURA TAL VIJAPUR DIST MEHSANA GUJARAT 382870 BARB0RANCHH
BANK OF BARODA 1ST FLOOR SARATHAK MALL,SARGASAN CROSS ROAD,GANDHI NAGAR DISTRICT,GUJARAT 382027 BARB0SARGAS
DENA BANK DENA BANK,SIDHI VINAYAK COMPLEX,GANDHINAGAR ROAD,GOZARIA,TALUKA MEHSANA,DISTT MEHSANA,GUJARAT 382825 BKDN0141795
DENA BANK HIGH WAY ROAD,MEHSANA 384002 BKDN0150852
CENTRAL BANK OF INDIA RAJMAHAL ROAD, MEHSANA (NORTH GUJARAT), DIST.-MEHSANA,GUJARAT-384001 CBIN0280472
CANARA BANK RAJKAMAL CITY MALL,PALANPUR HIGHWAY,RAJKAMAL COMPOUND,MEHSANA,384 002 CNRB0003255
CORPORATION BANK S.NO.1990158 P,MALGODOWN RD. NR.TEL.EXCHANGE, MEHSANA 384002 CORP0000605
CORPORATION BANK CORPORATION BANK SHOP NO 345 K D PLAZA NEAR BALAJI COMPLEX VIRAMGAM ROAD CORP0003168
CORPORATION BANK BAL MANDIR OPP RAMJI MANDIR LAXMIPURA TALUKA VISNAGAR CORP0003360
THE GUJARAT STATE COOPERATIVE BANK LIMITED THE LAKHWAD NAGRIK SAHAKARI BANK LTD.,AT&PO.LAKHWAD,TA&DIST.MEHSANA-384 001 GSCB0ULAKHW
THE GUJARAT STATE COOPERATIVE BANK LIMITED SHRI LAXMI MAHILA SAHAKARI BANK LTD.,3,NAVDURGA SOCIETY,OPP.PRASHANT CINEMA,MEHSANA-384 002 GSCB0ULAXMI
THE GUJARAT STATE COOPERATIVE BANK LIMITED THE MEHSANA JILLA PANCHAYAT KARMACHARI COOP BANK LTD.BH MAHATMA GANDHI SHOPPING CENTER,RAJMAHEL ROAD,MEHSANA-384001 GSCB0UMEHSA
HDFC BANK PRABHU COMPLEX,MEHSANA HIGHWAYMEHSANAGUJARAT384002 HDFC0000238
HDFC BANK HDFC BANK LTD.,PALDI MILK PRODUCERS CO OPERATIVE SOCIETY LTD.,AT PALDI, TAL. VISNAGAR MEHSANA GUJARAT 384215 HDFC0003085
HDFC BANK HDFC BANK LTD., SHRI DELA DUDH UTPADAK SAHAKARI MANDALI LTD, AT AND P.O DELA, MEHSANA GUJARAT 384001 HDFC0003346
HDFC BANK AT AND PO – BAMOSANA, NEAR BAMOSANA DUDH UTPADAK MANDLI, BAMOSANA GUJARAT 384120 HDFC0003613
HDFC BANK DAGAVADIYA DUDH UTPADAK S M LTD,INDIAFIRST FLOOR,AT DAGAVADIYA MAHESANA GUJARAT 382830 HDFC0003625
HDFC BANK AT AND PO-DHOLASAN, DHOLASAN DUDH UTPADAK MANDLI, DHOLASAN GUJARAT 382732 HDFC0003628
IDBI BANK GF, RAJKAMAL CITY MALL, AHMEDABAD PALANPUR HIGHWAY, MESANA. PIN 384002. GUJARAT. IBKL0000443
IDBI BANK GROUND FLOOR,VADA NO 40,VILLAGE -RAMOSANA IBKL0001862
IDBI BANK HNNFCICNHCMNNIC IBKL0002061
IDBI BANK FIRST FLOOR, DISTRICT COOPERATIVE BANK BUILDING, RAJMAHAL ROAD, MEHSANA 384001 IBKL0443MCB
IDBI BANK NEAR ARVIND BAUG, OPPOSITE COLLECTORS BUNGLOW, MEHSANA-384001 IBKL0443MNB
IDBI BANK SARVODAYA BANK ROAD, NEAR BAMARIYA NALA MEHSANA 384002 IBKL0443SCC
ICICI BANK LIMITED GR. FLOOR, JAYSHREE BUILDING, NR. KOKILA TRADING CO, MEHSANA HIGHWAY, MEHSANA 384002 ICIC0000257
INDIAN BANK JANATHA SUPER MARKET RAJ MAHAL ROAD MEHSANA 384001 IDIB000M029
INDUSIND BANK GR FLR SANTHAL VILLAGE OPP POLICE STATION TALUKA AND DIST MEHSANA 384430 GUJARAT INDB0000636
INDUSIND BANK GR FLR NEAR DUDIYA KUWA VILLAGE KHANOSAN TALUKA VISHNAGAR DIST MEHSANA 384310 GUJARAT INDB0000637
INDUSIND BANK GROUND FLOOR NARAYAN PLAZA SHOP NO 23 AT MEVAD TALUKA DIST MEHSANA 382710 GUJARAT INDB0000643
INDIAN OVERSEAS BANK 28,YOGESHWAR RESTAURANT,GROUND FLOOR,RADHANPUR ROAD,NR RADHANPUR CHOKDI,MEHSANA 384402 IOBA0003439
KOTAK MAHINDRA BANK LIMITED RAJENDRA ESTATE,OPP. GAYATRI TEMPLE,STATE HIGHWAY,MEHSANA – 384 002 KKBK0000813
KOTAK MAHINDRA BANK LIMITED THE CO OP BANK OF MEHSANA LTD HEAD OFFICE 1ST FLOOR, MEHSANA DISTRICT BANK BUILDING,RAJMAHEL ROAD, MEHSANA 384001 KKBK0CBML01
KOTAK MAHINDRA BANK LIMITED THE CO OP BANK OF MEHSANA LTD MAIN BRANCH 1ST FLOOR, MEHSANA DISTRICT BANK BUILDING,RAJMAHEL ROAD, MEHSANA 384001 KKBK0CBML02
KOTAK MAHINDRA BANK LIMITED THE CO OP BANK OF MEHSANA LTD S T WORKSHOP ROAD BRANCH 3A, VIRNAGAR SOCIETY, OPP S T WORKSHOP,MEHSANA 384002 KKBK0CBML03
KARUR VYSYA BANK RAJKAMAL CITY MALL, RAJKAMAL COMPOUND MAHESANA HIGHWAY MAHESANA KVBL0002217
BANK OF MAHARASHTRA OPP. NIRMA FACTORY AHMEDABAD HIGHWAY MAHESANA – 1 MAHB0001398
PUNJAB AND SIND BANK SHOP NO 20,21,SIMANDHAR SHOPPING COMPLEX,NANGALPUR ROAD,MEHSANA HIGHWAY,MEHSANA,GUJARAT -384002 PSIB0021444
STATE BANK OF INDIA RANASAN,VIJAPUR,DISTRICT MEHSANA,PIN382070 SBIN0013467
STATE BANK OF INDIA ORBIT BUSINESS HUB, SHOP NO.1 TO 6, GROUND FLOOR, NEAR DENABANK, RADHANPUR ROAD, MEHSANA. DISTT.MEHSANA. GUJARAT-384002 SBIN0019090
STATE BANK OF INDIA 1ST FLOOR,GOPAL KRISHNA MARKET,OPP NEW FUVARA RAJMAHAL ROAD,MEHSANA NG 384001 SBIN0060237
SYNDICATE BANK AKSHAR PURUSHOTTAM SWAMY NARAYAN MANDIR TEHSIL UNJHA DIST MEHSANA SYNB0007132
SYNDICATE BANK AITHOR PRAGATHI MANDAL BLDG AITHOR MEHSANA GUJARAT 384175 SYNB0007133
UNION BANK OF INDIA VEPARI JEEN, KALOL, DIST. MEHSANA, GUJARAT, PIN – 382 721. UBIN0538761
AXIS BANK SHRI SAD VIDYA MANDAL INSTITUTE OF TECHNOLOG NR.NAGALPUR COLLEGE HIGHWAY ROAD UTIB0000130
AXIS BANK GROUND & FIRST FLOOR,OPP. NATARAJ HOTEL,PILAJI GUNJ, MEHSANA,GUJARAT,PIN 384001 UTIB0001874
AXIS BANK GROUND FLOOR, NO.286, OPP. GRAM PANCHAYAT OFFICE, VILLAGE MOTI DAU, TALUKA & DIS MAHESANA, GUJARAT, PIN- 384 120 UTIB0002226
YES BANK GR FLR,NATRAJ HOUSE,HIGHWAY CHAAR RASTA,OPP KISAN PETROL PUMP,KADI,MAHESANA,GUJARAT,382715 YESB0000794
YES BANK GR FLR,PLOT NO.42,PAIKKI,APMC VISNAGAR MARKET YARD,MOUJE VISNAGAR,MAHESANA,GUJARAT,384315 YESB0000814
YES BANK GR FLR, SHOP NO.43,44,53,54, MUNIRAJ COMPLEX, BUS STATION RD, VADNAGAR, DIST MEHSANA , GUJARAT 384355 YESB0000998

FAQ’s About Mahesana Car Loan

✅ What factors affect the CIBIL Score for a car loan?

The factors that affect CIBIL score are irresponsible payment history, minimum amount dues, outstanding debts and others.

✅ What paper or documents can I submit for Identify Proof in Car Loan?

For the requirement of Identity Proof in Car loan, you can submit papers or documents like Aadhar Card, Ration Card, Passport and others.

✅ Who is a guarantor in a Car Loan?

A guarantor is a co-applicant the lender or bank ask for in case the applicant doesn’t meet the qualifications required for the loan.