Car Loan Pulwama

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Car Loan Pulwama

Best Banks for Car Loan in Pulwama


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Car Loan Pulwama 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 Pulwama


car loan

Car Loan Pulwama Eligibility Criteria

The car loan eligibility requirements are as follows in Pulwama:

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 Pulwama EMI Calculator

Car Loan Pulwama 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 Pulwama Fees and Charges : Leading Banks – Jan 22 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


car loan

Car Loan Pulwama 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 Pulwama

  • Because the monthly EMI (equated monthly instalment) is cheap, many car loan applicants assume that longer repayment terms are better. They aren’t aware that lenders interpret more extended payback periods as a sign of the borrower’s inability to repay, so they wind up paying higher interest rates. Consider a shorter payment time if you want to save money on your car loan.
  • If a borrower wants a good deal on a car loan, they must first investigate and compare the perks provided by various lenders. This can assist them in determining which lenders offer the most significant interest rates and hence which lender to choose for their loan.
  • The borrower’s debt-to-income ratio determines how much of his income goes toward loan repayment, which lenders use when determining interest rates for his loan application. If your debt-to-income ratio is lower, you have a higher chance of securing a car loan with a lower interest rate.
  • If borrowers have a strong credit score, lenders gladly provide them with a car loan with lower interest rates. A credit score of 750 or more is considered healthy by most banks and NBFCs.

How to Apply for a Car Loan in Pulwama?

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

  • Visit the Dialabank website.
  • Select the option for a car loan.
  • Fill in the required details(name, age, place) and wait for our relationship manager to reach you.


car loan

Which Bank in Pulwama Offers the Best Car Loans?

Huge and reputed lenders, including HDFC, ICICI, and SBI, offer vehicle loans in Pulwama. Dialabank can help borrowers choose a lender that can provide them with the loan amount they need at a reasonable interest rate and distribute the funds as quickly as possible.

Car Loan for Major Car Manufacturers in Pulwama

TABLE WILL APPEAR

Processing Fees / Prepayment Charges on Car Loan Pulwama

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 Pulwama

Lenders usually prefer a CIBIL score of 750 or above, but in case of a low CIBIL score than the required value, the borrowers will be required to pay a high rate interest rate on their loan amount. Although, If their CIBIL score is reasonable, they have to pay a low interest rate. Thus, a CIBIL score is an essential factor in a car loan.


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Car Loan Pulwama Contact Number

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


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Pre Calculated EMI Table for Car Loan Pulwama

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 Pulwama

A convoy of vehicles transporting Indian security personnel on the Jammu–Srinagar National Highway was assaulted by a vehicle-borne suicide bomber near Lethapora in the Pulwama district of the erstwhile state of Jammu and Kashmir on 14 February 2019.


car loan

Car Loan Banks in Pulwama

Bank Name Bank Address IFSC COde
PUNJAB NATIONAL BANK PAMPORE, NEAR TEHSIL OFFICE PUNB0082800
PUNJAB NATIONAL BANK SANA COMPLEX, COURT ROAD, PUNB0760400
STATE BANK OF INDIA DIST PULWAMA, JAMMU NAD KASHMIR 192301 SBIN0002451
STATE BANK OF INDIA DISTTPULWAMAKASHMIR SBIN0002496
STATE BANK OF INDIA PULWAMAJAMMUANDKASHMIR SBIN0004593
STATE BANK OF INDIA PULWAMASTATE JAMMU AND KASHMIRPIN 192303 SBIN0004736
AXIS BANK GROUND FLOOR, KHEWAT NO. 394, KHASRA NO. 01, VILLAGE LARIK PORA, TEHSIL AWANTIPORA, DISTRICT PULWAMA, JAMMU & KASHMIR , PIN 192122 UTIB0002378

FAQ’s About Pulwama Car Loan

Is the bank only financing the automobile or also the accessories?

No, the bank will only lend you money for the essential features of your car.

What are my alternatives for repaying my auto loan?

Three alternatives for repaying your car loan are Standing Instruction, Electronic Clearing Service, and Post-Dated Cheques. Because the first two options are faster, it is normally recommended that you choose them to repay your debt.

What are my alternatives for repaying my auto loan?

Three alternatives for repaying your car loan are Standing Instruction, Electronic Clearing Service, and Post-Dated Cheques. Because the first two options are faster, it is normally recommended that you choose them to repay your debt.