Car Loan Nadaun

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Car Loan Nadaun

Best Banks for Car Loan in Nadaun


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Car Loan Nadaun Features

Many people want to buy a nice car, but a lack of funds prevents them from doing so. A car loan is the greatest alternative on the market for purchasing the car of your choosing. Get the loan quickly and easily, and then drive your automobile home.

A car loan is a type of financial assistance provided to consumers by commercial banks and non-bank financial institutions (NBFCs). Banks give the funds for the vehicle’s purchase. As a result, you get the best interest rates with the least amount of paperwork.

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


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Car Loan Nadaun

Car Loan Nadaun 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 Nadaun EMI Calculator

Car Loan Nadaun 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 Nadaun Fees and Charges: Leading Banks – May 26 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


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Car Loan Nadaun 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 Nadaun

  • Choose a shorter repayment time – Because the monthly EMI (equated monthly instalment) is low, many car loan applicants believe lengthier payback periods are preferable. Unfortunately, they don’t seem to understand that lenders see lengthier payback terms as an indication of a borrower’s restricted repayment abilities. Therefore they charge higher interest rates. If you want to save money on your auto loan, consider making shorter payments.
  • Investigate and contrast the advantages offered by various lenders – If you want to get a good deal on a car loan, you must first study and compare the benefits offered by various lenders. This can help you determine which lenders have the best interest rates.
  • Maintain a low debt-to-income ratio – The debt-to-income ratio measures how much of an applicant’s income goes toward loan repayment, and lenders consider this when calculating interest rates. Therefore, if your debt-to-income ratio is lower, you have a better chance of obtaining a vehicle loan with a lower interest rate.

How to Apply for a Car Loan in Nadaun?

  • Dialabank is the name of our website.
  • Choose the automobile loan option from the drop-down menu.
  • Fill up the blanks with details about your automobile and salary.
  • Please wait for our relationship manager to reach you at the phone number you provided. Also, please contact our relationship managers at 9878981166 if you have any questions regarding the loan.
  • You must go to the bank in person to acquire a vehicle loan offline, which may be difficult for you.

car loan

Which Bank in Nadaun Offers the Best Car Loans?

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

Car Loan for Major Car Manufacturers in Nadaun

TABLE WILL APPEAR

Processing Fees / Prepayment Charges on Car Loan Nadaun

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 Nadaun

The CIBIL score assesses your capacity to repay your obligations. A better credit score shows a good credit history and simplifies the auto loan application process. In general, banks and NBFCs consider a credit score of 750 or above to be sufficient for approving your loan application in Nadaun. However, this score may fluctuate from bank to bank.


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Car Loan Nadaun Contact Number

Please contact 9878981166 if you have any queries concerning a car loan Nadaun.


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Pre Calculated EMI Table for Car Loan Nadaun

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 Nadaun

Nadaun is a town in the Hamirpur district in the state of Himachal Pradesh. It has a population of 4,430.


car loan

Car Loan Banks in Nadaun

BANK NAME BANK ADDRESS BANK IFSC CODE
CENTRAL BANK OF INDIA JASERY BAZAR, NADAUN, DIST- HAMIRPUR, SIMLA-177033 CBIN0280424
CANARA BANK SAI SADAR, NEAR BOYS SR. SEC. SCHOOL, NADAUN 177001 DISTT. – HAMIRPUR (H.P) CNRB0004708
HDFC BANK HDFC BANK LTD. KHASRA NO. 103, NANDA C OMPLEX OPPOSITE BUS STAND, TILU, NADAUN, HAMIRPUR HIMACHAL PRADESH 177033 HDFC0002936
INDIAN OVERSEAS BANK NEAR BUSSTAND,KANGRA ROAD,NADAUN,HAMIRPUR DIST – 177033 IOBA0003516
THE KANGRA CENTRAL COOPERATIVE BANK LIMITED TEHSIL NADAUN DISTT. HAMIRPUR H.P. 177033 KACE0000018
THE KANGRA CENTRAL COOPERATIVE BANK LIMITED TESHIL NADAUN DIST. HAMIRPUR H.P. 177042 KACE0000175
THE KANGRA CENTRAL COOPERATIVE BANK LIMITED POST OFFICE MAJIAR TEHSIL NADAUN DISTT HAMIRPUR PIN 177038 KACE0000191
ORIENTAL BANK OF COMMERCE NADAUN,TEHSIL AND DISTRICT HAMIRPUR,NADAUN ORBC0100168
PUNJAB NATIONAL BANK VILL MALAG PO KANGOO TEHSIL NADAUN DISTRICT HAMIRPUR HIMACHAL PRADESH 177040 PUNB0993700
STATE BANK OF INDIA DIST HAMIRPUR, HIMACHAL PRADESH 177040 SBIN0007300
STATE BANK OF INDIA JAI SHREE COMPLEXJAI SHREE TEMPLE ROADNADAUNDIST HAMIRPURPIN 177033 SBIN0051152
UCO BANK VILL AND P O NADAUN,TEHSIL NADAUN,DISTT HAMIRPUR H P UCBA0002939

FAQ’s About Nadaun Car Loan

✅What repayment choices do I have for my Auto Loan?

You have three alternatives for repaying your loan: Standing Instruction (SI), Electronic Clearing Service (ECS), and Post-Dated Cheques (PDCs). It is normally recommended that you return your loan using the first two alternatives because they are faster and have a smaller risk of error, which PDCs do not have.

✅Is it necessary to have a guarantor for a car loan?

Most lenders in Nadaun will not require a guarantor to obtain a car loan. However, if your salary is less than the statutory minimum, lenders in Nadaun may demand you to provide a guarantee or co-applicant to show that you will be able to repay the loan.

✅Where can I get a Car Loan Interest Calculator?

You can use the EMI calculator on the Dialabank website or the lending bank’s website. Enter different interest rates to calculate the EMIs. Filling up a loan application will ask you to enter basic information such as your salary, company, and job experience, depending on which interest rates will be presented.