Car Loan Mullana

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Car Loan Mullana

Best Banks for Car Loan in Mullana


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Car Loan Mullana 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 Mullana


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Car Loan Mullana 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 Mullana EMI Calculator

Car Loan Mullana 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 Mullana Fees and Charges : Leading Banks – Jun 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 Mullana 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 Mullana

  • Consumers must first investigate and evaluate the benefits offered by various banks and Other financial institutions to receive a good deal on a car loan. It can assist consumers in determining which lenders offer the lowest interest rates and, as a result, which lender to select.
  • Minimal waiting terms frequently have lower interest rates than more extended terms. Therefore borrowers who want to save money should choose shorter repayment terms.
  • Each debt-to-income ratio determines how much of a borrower’s income goes toward loan repayment, which lenders consider when setting interest rates. Borrowers with a lower debt-to-income ratio have a greater chance of receiving a car loan with a lower interest rate.
  • If you’ve got a good credit score, lenders would gladly offer you a new mortgage with lower interest rates. Lenders require a credit score of 750 or above.

How to Apply for Car Loan in Mullana?

  • Visit our website Dialabank
  • Choose the car loan option on the menubar.
  • File an application form and wait for our relationship manager to reach you on phone.


car loan

Which Bank in Mullana Offers the Best Car Loans?

In the city, lenders such as HDFC, ICICI, and SBI provide various auto loan schemes. The most outstanding lender for you is one that can supply you with the loan balance you require at the lowest possible interest rate while also delivering the cash as quickly as possible. Therefore, before qualifying for an automobile loan that fits all of the criteria, such as interest rates, it is usually a good idea to evaluate automobile loans from various providers.

Car Loan for Major Car Manufacturers in Mullana

TABLE WILL APPEAR

Processing Fees / Prepayment Charges on Car Loan Mullana

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 Mullana

Credit history is a statistic that impacts your ability to borrow money to pay off your debts. A more robust credit report indicates a positive credit history and simplifies your auto mortgage loan processing. In addition, banks and NBFCs in the city are more likely to approve your financial statement if you have a credit score of 750 or above.

Your number may change from one institution to the next. For example, if your credit history is less than ideal, you may be required to repay a considerable loan debt; however, you may be charged a low interest rate if your credit history is excellent. As a result, credit history is an essential factor to consider when applying for a car loan.


car loan

Car Loan Mullana Contact Number

Individuals can call the company 9878981166 for assistance if they have any inquiries concerning the auto loan in the city.


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Pre Calculated EMI Table for Car Loan Mullana

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 Mullana

Mullana is a village of Ambala district in Indian state Haryana. The Banks and NBFCs are also willing to process the Car Loans in Mullana as more as possible. Visit dialabank and get assistance as soon as possible.

Car Loan Banks In Mullana 

Bank Name Bank Address IFSC Code
HDFC BANK HDFC BANK LTD VPO- MULANA, DISTRICT -AMBALA, AMBALA HARYANA 133203 HDFC0003247
IDBI BANK IDBI BANK LTD.,41,ANAJ MANDI,MULLANA,DISTT.AMBALA,STATE-HARYANA,PIN CODE-133203 IBKL0001303
PUNJAB AND SIND BANK MULLANA, DISTT. AMBALA , HARYANA – 133203 PSIB0000015
STATE BANK OF INDIA MAHARISHI MARKANDESHWAR UNIVERSITY,MULLANA,DISTAMBALA133203 SBIN0011843
AXIS BANK GROUND FLOOR, KHEWAT NO. 123 MIN, KHATUNI NO. 159 MIN, KHASRA NO. 321612 (1-3), KHEWAT NO. 221 MIN, VILLAGE KALPI – 133104, HADHBAST NO. 136, TEHSIL MULLANA, DISTT. AMBALA, HARYANA UTIB0001758

FAQ’s About Mullana Car Loan

For just a pre-approved auto loan, what is the maximum loan amount and term?

The credit limit sum and term will be determined by the available offer. You can get a lesser loan amount or a shorter loan term based on the cost of the car. If the car’s on-road price is within the range of the offer amount, you can acquire a loan for up to 100% of the car’s on-road price.

Will it be feasible to get a loan on my existing car?

Absolutely, numerous banks will issue you a mortgage on the present car if you’ve got a good payment history with the mortgage provider.

Will it be feasible to get a loan on my existing car?

Absolutely, numerous banks will issue you a mortgage on the present car if you’ve got a good payment history with the mortgage provider.