Car Loan Narayangaon

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Car Loan Narayangaon

Best Banks for Car Loan in Narayangaon

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

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Car Loan Narayangaon 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


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Car Loan Narayangaon

Car Loan Narayangaon 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 Narayangaon EMI Calculator

Car Loan Narayangaon 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 Narayangaon Fees and Charges: Leading Banks – May 27 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 Narayangaon 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 Narayangaon

  1. Choose a shorter repayment for a Car Loan – People believe that lengthier repayment terms are better as EMIs for such a car loan is low. However, they don’t seem aware that lenders in Narayangaon view lengthier payback terms as an indication of a borrower’s low repayment capabilities, so they charge higher interest in Narayangaon.
  2. Research and compare offer by different lenders – You should explore and compare the benefits offered by different lenders in Narayangaon. This can help you figure out the lenders in Narayangaon that provide the best interest rates and which lender in Narayangaon to choose for a car loan.
  3. Maintain a modest debt-to-income ratio for a Car Loan – The debt-to-income ratio in Narayangaon measures how much of your income goes toward other loan repayments in Narayangaon. Lenders in Narayangaon take this into account when setting interest rates. So if your debt-to-income ratio is lower, you can get a car loan in Narayangaon easily.
  4. Car Loan in Narayangaon Maintain a good credit score – Lenders in Narayangaon will be pleased to offer you a car loan with cheaper interest rates if you have a good credit score. Lenders in Narayangaon consider a credit score of above 750 to be reliable. Many lenders in Narayangaon may give auto loans to people with bad credit, but they demand a higher interest rate for such Car Loan Narayangaon.

How to Apply for a Car Loan in Narayangaon?

  1. Visit dialabank
  2. Select auto loan from the loan area, then click the car loan link.
  3. The applicant will be routed to all of the vehicle loan information, including the ability to select their desired city.

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Which Bank in Narayangaon Offers the Best Car Loans?

Many banks and NBFCs, like ICICI, SBI and HDFC, offer vehicle loans in Narayangaon. The finest lender in Narayangaon is one that provides you with a Car Loan Narayangaon at a reasonable interest rate and can provide the funds as quickly as possible.

  1. HDFC Car Loan
  2. Kotak Mahindra Car Loan
  3. Yes, Bank Car Loan
  4. ICICI Bank Car Loan
  5. Axis Bank Car Loan
  6. State Bank of India Car Loan
  7. Canara Bank Car Loan
  8. Indusind Bank Car Loan

 

Car Loan for Major Car Manufacturers in Narayangaon

TABLE WILL APPEAR

Processing Fees / Prepayment Charges on Car Loan Narayangaon

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 Narayangaon

  1. The applicant’s CIBIL must be greater than 700.
  2. The loan is for a duration ranging from 60 to 84 months.
  3. The applicant can claim a minimum of Rs. 1 lakh in credit. In addition, the top-up amount is twice the amount of the loan that has been paid.
  4. Constables are not eligible for a car loan. People with a CIBIL score of 0 or 1 are likewise regarded, right consumers.
  5. If the instalment is returned, the amount charged by the bank for that month will be doubled.

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Car Loan Narayangaon Contact Number

For Car Loan Narayangaon queries, you can call 9878981166.

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Pre Calculated EMI Table for Car Loan Narayangaon

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 Narayangaon

It is a town in the Maharashtra district of Pune. It is located in the Junnar taluka and has a pin code of 410504. It stands at the height of 656 meters. Dialabank’s services are now available in all corners of the country, making auto loans more accessible.


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Car Loan Banks in Narayangaon

BANK NAME BANK ADDRESS BANK IFSC CODE
CANARA BANK SOMWANSH BUILDING, PUNE NASIK ROAD, NARAYANGAON, DIST PUNE (MAHARASHTRA) – 410 504 CNRB0002569
DOMBIVLI NAGARI SAHAKARI BANK LIMITED GROUND FLOOR, LAXMINARAYAN BUILDING, NEAR S.T. STAND, NARAYANGAON, TAL-JUNNAR, DIST. PUNE 410504 DNSB0000074
HDFC BANK PHULSUNDAR SUPER MARKET, PUNE NASHIK HIGHWAY AT-PO- NARAYANGAON TAL-JUNNAR DIST-PUNE HDFC0CLALAB
IDBI BANK AP-WARD NO.06, WARULWADI (NARAYANGAON), PUNE-NASHIK HIGHWAY, TAL-JUNNAR, DIST-PUNE, PIN NO.410504 IBKL0001386
ICICI BANK LIMITED ICICI BANK LTD, NEAR BUSTAND, PUNE NASHIK HIGHWAY, NARAYANGAON. 410504 ICIC0000954
KOTAK MAHINDRA BANK LIMITED GROUND FLOOR, SWAMIRATNA BUILDING, PUNE-NASHIK HIGHWAY, OPP. HP PETROL PUMP, POST-NARAYANGAON, PIN 410504, TALUKA JUNNAR, DISTRICT PUNE. MAHARASHTRA. KKBK0001754
RAJGURUNAGAR SAHAKARI BANK LIMITED GRAMVAIBHAV COMPLEX, JUNNAR ROAD, NARAYANGAON, TALUKA AMBEGAON, DISTRICT PUNE,410504 RSBL0000006
STATE BANK OF INDIA 650 BY 2 B, SHRIKRISHNA PLAZANEAR S T STAND, NARAYANGAON TALUKJUNNAR 410504 SBIN0011130

 

FAQ’s About Narayangaon Car Loan

✅ Should you place a deposit on a car?

You’ll almost certainly get a better interest rate. A bigger down payment also speeds up the process of building equity and protects both you and There are numerous benefits to putting money down on a vehicle. The bigger the down payment, the cheaper your monthly payment will be—and the lender from depreciation and eventual loss.

✅ When is the ideal time to purchase a car?


The months of October, November, and December are ideal for purchasing a vehicle in Narayangaon. Car dealerships set sales quotas and are usually broken down into yearly, quarterly, and monthly sales targets. Finally, late in the year, all three goals start to come together.

✅ Is it possible for you to repay a car loan?


Depending on the auto dealer in Narayangaon, you may be allowed to return a financed vehicle and cancel the agreement within a certain time frame, usually three days after purchase. A return policy is void if excessive mileage or damage is excessive, and the dealership in Narayangaon will not take the vehicle. Be aware that you will have to pay interest on your Narayangaon car loan.