Car Loan Mahesana

Best Banks for Car Loan in Mahesana

Feature	HDFC Bank	Private 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 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 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 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 Mahesana Fees and Charges: Leading Banks – Apr 19 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 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.

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, Private, 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
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 Mahesana

A 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.

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 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 Private 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
Private 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