Car Loan Pipariya

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Car Loan Pipariya

Best Banks for Car Loan in Pipariya

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 Pipariya 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

In today’s world, owning a car has become a necessity in life. A Car Loan is an amount that a consumer borrows from various banks or NBFCs to purchase a car. This loan is also known as an auto loan. It requires a minimum documentation process.

Car Loan Pipariya


car loan

Car Loan Pipariya 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 Pipariya EMI Calculator

Car Loan Pipariya 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 Pipariya 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 Pipariya 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 Pipariya

The interest rates on vehicle loans offered by different lenders in Pipariya may vary, but they are all usually reasonable. If you want to get a Car Loan in Pipariya with the best interest rate, follow the steps mentioned below:

  • Compare various lenders and their offers – Every lender offers many types of schemes and offers. Make sure you do detailed research before choosing the loan.
  • Maintain a decent debt-to-income ratio – The debt-to-income ratio indicates how much of an applicant’s income goes toward loan EMI repayment, and lenders take this into consideration when deciding interest rates.

How to Apply for a Car Loan in Pipariya?

Getting a Car Loan in Pipariya is an easy process with Dialabank. Few steps to be followed are:

  • Visit the Dialabank website.
  • Choose the Car Loan option.
  • Provide the details of the car and your income details.
  • Our relationship manager will soon call you on your cell number.
  • For availing of a Car Loan offline, you will have to go to the bank branch and enquire about the loan.


car loan

Which Bank in Pipariya Offers the Best Car Loans?

Many banks, including HDFC, Private, and SBI, offer vehicle loans here. The best lender is one that can provide you with the loan amount you need at a suitable interest rate and can hand out the funds as quickly as possible.

Car Loan for Major Car Manufacturers in Pipariya

TABLE WILL APPEAR

Processing Fees / Prepayment Charges on Car Loan Pipariya

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 Pipariya

A decent CIBIL score means healthy repayment history which in turn makes your Car Loan application process smooth. Mostly, banks consider a score of 750+ as a decent score to approve your loan process.


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Car Loan Pipariya Contact Number

In case of any queries regarding the Car Loan in Pipariya, you may contact on the number 9878981166 for any assistance.


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Pre Calculated EMI Table for Car Loan Pipariya

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 Pipariya

Pipariya is a town located in Hoshangabad district in the state of Madhya Pradesh. The city is divided into 21 wards and has a population of close to 50,000 people overall.


car loan

Car Loan Banks in Pipariya

Bank Name Bank Address IFSC Code
DENA BANK GROUND FLOOR, PATWARI HALKA, NO L7, B NO L57 DIVERTED LAND, KHASRA NO 39 BYE 5 DEVGAON, MAHARANA PRATAP WARD, SANDIYA ROAD, TEHSIL PIPARIYA 461775 BKDN0811925
CENTRAL BANK OF INDIA KUNDAM ROAD, AT PIPARIA, POST-KHAMARIA, DIST-KATNI, MADHYA PRADESH-482005 CBIN0282167
HDFC BANK QAF PLAZA, NEHRU WARD, PIPARIYA PIPARIYA MADHYA PRADESH 461775 HDFC0000772
IDFC BANK LIMITED GROUND FLOOR IN FRONT OF RNA SCHOOL SHOBHAPUR ROAD PIPARIYA DISTT. HOSHANGABAD MADHYA PRADESH461775, Toll-Free No. 1800 419 8332 IDFB0041102
PUNJAB NATIONAL BANK CEMENT ROAD PUNB0081800
PUNJAB NATIONAL BANK PIPARIA (MOHANPUR) PUNB0648900
STATE BANK OF INDIA CEMENT ROAD,PIPARIA SBIN0030358
AXIS BANK GROUND & FIRST FLOORS, CEMENT ROAD, PIPARIYA, DIST. HOSHANGABAD, MADHYA PRADESH, 461 775 UTIB0000850
YES BANK 17 D, PLOT NO.98, OLD GRAIN MARKET, PIPARIYA, MADHYA PRADESH, PIN 461775 YESB0000553

FAQ’s About Pipariya Car Loan

✅ What is not covered in a Car Loan?

A Car Loan does not cover the insurance and registration costs, as it is compulsory to be paid for separately.

✅ Is a guarantor necessary for a Car Loan?

Most lenders will not ask for a guarantor. If your income falls below the required cap, lenders may want you to offer a guarantee to ensure that you will be able to repay the loan.

✅ Where can I get an Interest Calculator?

You can use the EMI calculator available on the Dialabank website. The interest rate can be received by filling out an application for a loan, which will need you to provide some information such as your salary, company, and work experience, depending on which interest rates will be given.