Car Loan Shapar

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Car Loan Shapar

Best Banks for Car Loan in Shapar

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Car Loan Shapar 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 Shapar

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Car Loan Shapar 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 Shapar EMI Calculator

Car Loan Shapar 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 Shapar Fees and Charges: Leading Banks – May 25 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 Shapar Documents Required

Salaried Individual

Documents Required
Identity Proof (Any 1) Passport
Voter ID
Aadhar Card
Driving License
Address Proof (Any 1) Aadhar Card
Driving License
Electricity Bill
Date of Birth Proof(Any 1)
Birth Certificate
High School Marksheet
Driving Licence
Signature Proof(Any 1)
Bankers Verification
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

Documents Required
Identity Proof (Any 1) PAN Card
Voter ID
Aadhar Card
Address Proof (Any 1) PAN Card
Voter ID
Electricity Bill
Date of Birth Proof (Any 1) Birth Certificate
Driving Licence
Signature Proof (Any 1)
Bankers Verification
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

Documents Required
Identity Proof (Any 1) Driving Licence
PAN Card
Aadhar Card
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

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 Shapar

The interest rates on vehicle loans offered by different lenders in Shapar may vary, but they are all reasonable and competitive. If you want to get a car loan in Shapar with the lowest interest rate, follow the steps below:

  • Go for a short EMI period– Make sure you choose a short EMI payment tenure, as it can help you avail of better interest rates.
  • Compare various lenders and their offers – Every lender offers different types of schemes and offers. Make sure you do detailed research before availing of 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 repayment, and banks take this into consideration when setting the interest rate. A lower ratio helps you have a better chance of getting a car loan with a decent interest rate.
  • Maintain a good CIBIL score — Lenders consider a credit score of above 750 to be fine, as such a score indicates that you have a good repayment habit, and they can be sure about you repaying the loan on time. You can use the Dialabank free credit score calculator for the same through our website.

How to Apply for a Car Loan in Shapar?

Availing of a car loan in Shapar is an easy process with Dialabank:

  • Visit our website Dialabank.
  • Click on the car loan option.
  • Enter the necessary details of the car and your income details.
  • Our relationship manager will soon revert to you on your provided cell number.
  • You can also contact our relationship managers on 9878981166
  • For availing of a car loan offline, you will have to go to the respective branch and enquire about the loan.

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Which Bank in Shapar Offers the Best Car Loans?

Many big banks, including HDFC, ICICI, and SBI, offer vehicle loans in Barethi. 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 Shapar


Processing Fees / Prepayment Charges on Car Loan Shapar

Category Details
Processing Charges
1999 - 4999 + Tax
No prepayment is allowed until 12 EMIs are paid
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 Shapar

The CIBIL score is what indicates your capability to pay off your debts. A decent credit score means a good repayment history, which in turn makes your car loan application process smooth. Mostly, banks and NBFCs consider a credit score of 750 and above as a decent score to approve your loan application process. The score required may differ from bank to bank.

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Car Loan Shapar Contact Number

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

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Pre Calculated EMI Table for Car Loan Shapar

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 Shapar

Shapar is a village in the Rajkot district of the Indian state of Gujarat. The Banks and NBFCs are also willing to process the Car Loans in Shapar as more as possible, so do choose your offer wisely.

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Car Loan Banks in Shapar

Bank Name Bank Address IFSC Code

FAQ’s About Shapar Car Loan

✅ How long does it take to get a Car Loan Sanctioned?

If the bank finds all the documents accurate and capable of paying the loan EMIs on time, your loan will be approved within a short span of time.

✅ How can I get a Car Loan in Shapar?

You can get a car loan by applying online or by visiting the bank branch in Shapar. You can also apply through Dialabank to get more assistance and support.

✅ How much CIBIL Score is required for a Car Loan in Shapar?

You would require a minimum score of CIBIL of 750 or above to process your car loan application in Shapar.

✅ Which documents will I need to provide for availing of a Car Loan in Shapar?

You have to submit your proof of identity, proof of address, proof of income, and bank statement.

✅ Is a Guarantor needed for a Car Loan?

To get a car loan, most lenders will not ask a guarantor. If your income falls below the required minimum amount, lenders may want you to offer a guarantee or co-applicant to signify that you will be able to repay the loan.