Car Loan Pratappur

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Car Loan Pratappur

Best Banks for Car Loan in Pratappur


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Car Loan Pratappur 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 Pratappur


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Car Loan Pratappur Eligibility Criteria

The car loan eligibility requirements are as follows in Pratappur:

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 Pratappur EMI Calculator

Car Loan Pratappur 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 Pratappur Fees and Charges : Leading Banks – May 20 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 Pratappur Documents Required

Documents required for car loan are as follows:

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 Pratappur

  • Have you ever wanted to upgrade from a two-wheeler to a four-wheeler? On the other hand, you don’t have time to visit several banks and compare interest rates, papers, and other criteria. We will swiftly provide you with all essential information and respond to any queries you may have. So join Dialabank and make use of the most excellent services available.
  • A savvy borrower will first research and compare the benefits offered by different lenders. This can help the borrower figure out which lenders have the best interest rates and, as a result, which lender to choose.
  • The debt-to-income ratio defines how much of his income is used to repay a prior loan, and lenders take this into account when setting interest rates. If your debt-to-income ratio is lower, you have a higher chance of securing a car loan with a lower interest rate.
  • You’ll need a credit score of at least 750 to qualify for a loan with many banks and NBFCs. Although some lenders will provide auto loans to people with bad credit, they will demand a higher interest rate.

How to Apply for a Car Loan in Pratappur?

Availing of a car loan in Pratappur is an easy process with Dialabank. Follow the following steps to avail of the best offers:

  • Visit the Dialabank website.
  • Select the auto loan option from the drop-down menu on the webpage.
  • Fill in the fields with the information you have on hand.
  • At the phone number you provided, our relationship manager will contact you as soon as possible.
  • You can also contact us at 9878981166 in case of any queries regarding your loans.


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Which Bank in Pratappur Offers the Best Car Loans?

The most important banks in Pratappur, including but not limited to HDFC, ICICI, and SBI, offer vehicle loans. The most outstanding lender for you is one that can provide you with the loan amount you need at a low-interest rate while also transferring the funds as quickly as possible. As a result, it’s always a good idea to compare auto loans before applying for one that meets all of your needs.

Car Loan for Major Car Manufacturers in Pratappur

TABLE WILL APPEAR

Processing Fees / Prepayment Charges on Car Loan Pratappur

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 Pratappur

Your CIBIL score reflects your ability to pay back your loans on time. Furthermore, a high credit score indicates that you have a solid credit history, making your vehicle loan application quicker to process. Unfortunately, most lenders consider a credit score of 750 or more to be sufficient for loan approval.


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Car Loan Pratappur Contact Number

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


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Pre Calculated EMI Table for Car Loan Pratappur

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


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About Pratappur

Pratappur Legislative Assembly constituency is one of the 90 Legislative Assembly constituencies of Chhattisgarh state in India. Availing a car loan Pratappur is extremely simple and stress-free.


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Car Loan Banks in Pratappur

Bank Name Bank Address IFSC
CENTRAL BANK OF INDIA VILLAGE – PRATAPPUR, POST PRATAPPUR FACTORY, DIST- DEORIA, UP-274703 CBIN0281938
CENTRAL BANK OF INDIA VILL. & POST PRATAPPUR, TALUKA – TALODA, DIST- DHULE, MAHARASHTRA-425413 CBIN0282542
CENTRAL BANK OF INDIA BAZAR ROAD, PRATAPPUR, SURAJPUR-CS 497223 CBIN0284728
CANARA BANK VILL P.O. PRATAPPUR, PURBA MEDINIPUR DIST (WEST BENGAL) – 721 152 CNRB0001804
HDFC BANK HDFC BANK LTD GROUND FLOOR WARD NO 08 MAIN ROAD PRATAPPUR SURGUJA SURAJPUR CHHATTISGARH 497223 HDFC0009211
STATE BANK OF INDIA DIST BALASORE, ORISSA 756038 SBIN0006412

FAQ’s About Pratappur Car Loan

✅ Is a car loan subject to a collateral requirement?

The car serves as security for an automobile loan, which is a secured loan. The bank will sell the vehicle if the borrower fails on the loan.

✅ How long does it take to pay off a car loan?

A car loan usually lasts between one and five years. Some lenders, on the other hand, may grant a loan with a lengthier repayment period.

✅ Is it possible to negotiate an auto loan’s interest rate?

You can negotiate with banks for a loan with lower interest rates based on your credit history and credit score.