Car Loan Paradeep

Best Banks for Car Loan in Paradeep

Car Loan Paradeep 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 Paradeep

Car Loan Paradeep 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 Paradeep EMI Calculator

Car Loan Paradeep 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 Paradeep Fees and Charges : Leading Banks – Apr 20 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 Paradeep 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 Paradeep

The interest rate of a car loan is different in the different banks in Paradeep. To get interest rates at the best rates, you need to keep in mind some points given below-

Before depending on the bank for a car loan, one should first research and compare different banks offering different interest rates. You might get in lower interest rate if you do more research.
While deciding the loan tenure, the lender would try to convince you to take a longer repayment period. It would help if you avoided it instead go for a short repayment period. If you pay back fast, then the interest rate charged would be less.
Banks check for Debt to income ratio for deciding the interest rate. If the Debt to income ratio comes out to be less, there are more chances of you getting a loan at the lower interest rate.
Another important point that banks consider while deciding the interest rate of applicants is the credit score. If the credit score is good, one can get a loan at less interest rate.

How to Apply for a Car Loan in Paradeep?

Visit Dialabank
Go to the loan section and select auto loan, followed by the car loan link.
The applicant will be directed to the car loan details, where they can choose their preferred city.

Which Bank in Paradeep Offers the Best Car Loans?

A number of prominent banks and NBFCs offer vehicle loans in Paradeep. The finest lender will be able to provide you with the loan amount you need at a fair interest rate and release the funds as quickly as feasible. Therefore, before applying for a vehicle loan that fits all of your criteria, such as interest rates, it is usually a good idea to compare vehicle loans from various lenders.

Car Loan for Major Car Manufacturers in Paradeep

TABLE WILL APPEAR

Processing Fees / Prepayment Charges on Car Loan Paradeep

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 Paradeep

CIBIL Score plays a vital role while getting a car loan Paradeep. The higher your CIBIL score, the higher amount of Car Loan Paradeep you will get at minimum time. Generally, the reason behind this a CIBIL score usually shows the behaviour of the applicant towards their credits. If the score is not good, the customer has a bad credit record. They might not be good with their past and present credits or debts.

Car Loan Paradeep Contact Number

In case of any queries regarding the car loan in Paradeep, you may contact on the number 9878981166 for any assistance.

Pre Calculated EMI Table for Car Loan Paradeep

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 Paradeep

Paradeep is a major seaport town in Jagatsinghpur district in the state of Odisha. Paradeep, commonly known as Paradip, is a significant seaport city and municipality in Odisha’s Jagatsinghpur district.

Car Loan Banks in Paradeep

Bank	Bank Address	IFSC
ALLAHABAD BANK	VILL & PO KUJANG, DISTRICT JAGATSINGHPUR, ORISSA-754141	ALLA0210060
ALLAHABAD BANK	PARADEEP PORT TRUST, CENTRAL DOCUMENTATION CENTER, PARADEEP	ALLA0212485
BANK OF BARODA	MADHUBAN, QRMC-179, PARADEEP-ORISSA-754142	BARB0ATHARB
DENA BANK	MARINA COMPLEX PLOT NO.1472 BY 1473, UDAYABAT PARADIP, DIST JAGATSINGPUR STATE ODISHA 754142	BKDN0911397
BANK OF INDIA	467, CORE SECTORPARADEEP PORT,	BKID0005103
BANK OF INDIA	PLOT NO.485, KHATA NO.48, MZ. BIJAYACHANDRAPURPOSTATHARABANKI, PARADEEP, DISTJAGATSINGHPUR	BKID0005122
CENTRAL BANK OF INDIA	ROOM NO. 21, 1ST FLOOR, MADHUBAN MARKET COMPLEX, MADHUBAN, PARADEEP, DIST-JAGATSINGHPUR, ORISSA-754142	CBIN0282139
CANARA BANK	MADHUBAN SHOPPING COMPLEX, PARADEEP 754 142,	CNRB0001435
CORPORATION BANK	PARADIP GARH, NEAR PARADIP POLICE STATION, PARADIP	CORP0001581
HDFC BANK	HDFC BANK LTD.CO HOTEL PARASAR BUILDINGIFFCO SQUARE, ATHARBANKI	HDFC0001818
Private BANK LIMITED	Private BANK LTD., PLOT NO-48, BHANJA SARANI, BADAPADIA, PARADIP, DIST-JAGATSINGHPUR.ORISSA.754 142	ICIC0000776
INDIAN BANK	PLOT NO 485 BIJAYACHANDRAPUR ATHARABANKI 754142	IDIB000P188
INDIAN OVERSEAS BANK	ISPAT BHAVAN, BHANJ SARANI, PARADEEP PIN 754142	IOBA0001136
KOTAK MAHINDRA BANK LIMITED	PARADIP BRANCH- ORRISA, GROUND FLOOR, PLOT NO-417, KHATA NO-68, MAUZA, BIJAYACHANDRAPUR, PARADIP, JAGATSINGHAPUR-ORRISA-754142	KKBK0007322
BANK OF MAHARASHTRA	AKSHARA MARKET COMPLEX, AT PO PS PARADEEPGARH, DIST JAGATSINGHPUR, ODISHA 754141	MAHB0001891
ORIENTAL BANK OF COMMERCE	BANK STREET, PORT TOWN, PARADEEP, TEH.KUJANG 754142, PARADEEP	ORBC0100627
PUNJAB AND SIND BANK	PARADEEP GARH, NIMIDHIA, DISTT JAGATSINGUR ODISHA 754142	PSIB0021248
PUNJAB NATIONAL BANK	BANK STREET, PARADEEP, DIST.	PUNB0216600
STATE BANK OF INDIA	P.O. PARADEEP PORT, JAGATSINGHPUR, ORISSA 754142	SBIN0003945
STATE BANK OF INDIA	JAGATSINGHPUR, ST ORISSA, PIN 754 142	SBIN0007979
STATE BANK OF INDIA	P.O.PARADEEP.GARH, PRADEEP, JAGATSINGHPUR 754141	SBIN0010918
SYNDICATE BANK	PARADEEP, PHOSPHATE, LTDCAMPUS, PRADEEP, JAGATSINGHPUR,DIST,PIN,754,142	SYNB0008030
UNION BANK OF INDIA	BANK STREET, AT & POST PARADEEP, DIST. JAGATSINGHPUR, ORISSA, PIN – 754 142.	UBIN0548065
AXIS BANK	HIG-35, HOUSING BOARD COLONYAT-MADHUBAN, POPS PARADIP PIN 754142, DIST. JAGATSINGHPUR, ORISSA	UTIB0000713
VIJAYA BANK	GROUND FLOOR, PLOT NO 447, KHATA NO-29MAHABIR COMPLEX, ASIRVAD NAGAR, IFFCO SQUIRE 754141	VIJB0007419
YES BANK	AT-BADAPADIA BANK LINE-PO-PARADEEP,754142	YESB0CCCB20

FAQ’s About Paradeep Car Loan

✅ Is it mandatory to have a guarantor for a car loan in Paradeep?

It is not compulsory to have a guarantor to get a car loan. Banks only ask in case if your income is below the statutory minimum. In that case, the lender may need a co-applicant to show that you will pay back the loan.

✅ How can I check the EMI instalments to be paid for the car loan?

You can check EMI through the Dialabank EMI calculator; this is a free calculator. You can use it from any place at any suitable time. This would give you the exact amount to be paid by you for EMI.