Car Loan Natgram

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Car Loan Natgram

Best Banks for Car Loan in Natgram

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

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Car Loan Natgram Features

Do you love road trips, and are you a travel freak? Cars are the best partners, but rented cars add much to the cost, making personal cars a better choice. With the help of a car loan, your own car is now so easy to buy.

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 Natgram

Car Loan Natgram 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 Natgram EMI Calculator

Car Loan Natgram 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 Natgram Fees and Charges: Leading Banks – Mar 29 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


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Car Loan Natgram 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 Natgram

  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 Natgram view lengthier payback terms as an indication of a borrower’s low repayment capabilities, so they charge higher interest in Natgram.
  2. Research and compare offer by different lenders – You should explore and compare the benefits offered by different lenders in Natgram. This can help you figure out the lenders in Natgram that provide the best interest rates and which lender in Natgram to choose for a car loan.
  3. Maintain a modest debt-to-income ratio for a Car Loan – The debt-to-income ratio in Natgram measures how much of your income goes toward other loan repayments in Natgram. Lenders in Natgram take this into account when setting interest rates. So if your debt-to-income ratio is lower, you can get a car loan in Natgram easily.
  4. Car Loan in Natgram Maintain a good credit score – Lenders in Natgram will be pleased to offer you a car loan with cheaper interest rates if you have a good credit score. Lenders in Natgram consider a credit score of above 750 to be reliable.

How to Apply for a Car Loan in Natgram?

  1. You may search for the dialabank.
  2. From the loan section, select Auto Loans, and click on the Auto Loan link.
  3. Any information concerning the vehicle loan, including the choice of the town in which the applicant wants to reside will be given.

car loan

Which Bank in Natgram Offers the Best Car Loans?

Many banks and NBFCs, like Private, SBI and HDFC, offer vehicle loans in Natgram. The finest lender in Natgram is one that provides you with a Car Loan Natgram 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. Private 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
  9. Others

Car Loan for Major Car Manufacturers in Natgram

TABLE WILL APPEAR

Processing Fees / Prepayment Charges on Car Loan Natgram

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 Natgram

  1. CIBIL must exceed 700 of the candidate.
  2. The loan is from 60 to 84 months.
  3. A minimum credit of Rs. 1 lakh is given to the applicant. Moreover, the extra charge is twice that of the loan.
  4. There is no car loan available to constables. Persons with CIBIL scores of 0 and 1 are also regarded as good customers.
  5. When the payment is returned, the bank charges twice as much for this month.

car loan

Car Loan Natgram Contact Number

Questions to Car Loan Nareda by calling 9878981166.


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Pre Calculated EMI Table for Car Loan Natgram

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 Natgram

Natgram is a town in the Indian district of Haryana, North Twenty Four Parganas District. Banks and NBFCs are also ready to handle Natgram’s car loans more effectively. Visit dialabank.com and get help as quickly as possible.


car loan

FAQ’s About Natgram Car Loan

✅ Do you think you can pay off a car loan? What do you think?

In a given time frame, usually after three days of purchase, you can return a funding vehicle and cancel the contract, which depends on the car dealer. If the automobile has excessive miles of damage, the return policy is zero and will not be accepted by the dealer. You should know you will have to pay interest on your car loan.

What’s the best time in Natgram to purchase a car?

The best months to buy a car in Natgram are the months of October, November, and December. Car dealerships generate sales quotas, often divided up into sales targets each year, quarterly and monthly. The three goals start to align late in the year.

Do you have to pay down on a car?

You’ll almost likely get a lower rate. An enhanced down payment speeds up the process and protects you and the lender. A down payment on a vehicle has various advantages. The higher the down payment, the lower the monthly payment, and the more depreciation and loss the loan is preserved.