Best Banks for Car Loan in Shapar
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 Eligibility Criteria
Salaried Individual
Net Monthly Income – Minimum ₹ 20,000
Employment Duration – 1-year minimum
Income Eligibility – Based on Form 16 and salary slip
Self-Employed Individuals
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)
Employment Duration – 3 years minimum
The applicant has to present IT returns and audited financials of 2 years with Calculated Income.
Priority Customers
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 Shapar EMI Calculator
Car Loan Shapar Fees & Charges
7.35% per annum
Charges
New Car Loan
Used Car Loan
Interest Rate
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 Shapar Fees and Charges: Leading Banks – Apr 19 2024
Bank
Processing Fee
HDFC Bank Car Loan
(1999 - 4999) + Tax
Axis Bank Car Loan
1 % to 2.50%
Nil
Private Bank Car Loan
0.25% to 1.50%
SBI Car Loan
500/- to 0.50%
Nil
Kotak Car Loan
1% to 2%
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 Shapar Documents Required
Salaried Individual
Category
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)
Birth Certificate
High School Marksheet
Driving Licence
Signature Proof(Any 1)
Bankers Verification
Passport
Income Proof
Bank Statement
Employment Continuity Proof
ITR of Form no. 16
Salary Slip mentioned with joining date
Letter of Appointment
Self-Employed Individuals
Category
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)
Bankers Verification
Passport
Bank Statement
Employment Continuity Proof
Shop & Establishment Act Certificate
Shop & Establishment Act Certificate
Sales Tax or VAT Certificate
Business Proof
Telephone Bill/Electricity Bill
Shop & Establishment Act Certificate
SSI or MSME Registration Certificate
Self-Employed Non-Individuals:
1. Partnership Firms/Societies
Category
Identity Proof (Any 1)
Driving Licence
PAN Card
Aadhar Card
Passport
Address Proof (Any 1)
Aadhar Card
Driving License
Voter ID
Income Proof
P&L Account
ITR for the previous 2 years
Bank Statement
Last 6 month
Business Continuity Proof
Audited Balance Sheet
TAX registration Certificate
Current Account Statement
Additional documents
2. Private Limited/Limited Companies
Category
Identity Proof
Copy of Incorporation
Address Proof (Any 1)
Telephone Bill
Electricity Bill
Shop & Establishment Act Certificate
Sales Tax Certificate
Income Proof
P&L Account and ITR for the previous 2 years
Bank Statement
Previous 6 Months
Business Continuity Proof
ITR of the Company of the past 2 years
Audited Balance Sheet
Shop & Establishment Act Certificate
Additional documents
Board Resolution
PAN Card
Certificate of Commencement of Business for Ltd. Co.
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.
Which Bank in Shapar Offers the Best Car Loans?
Many big banks, including HDFC, Private, 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
TABLE WILL APPEAR
Processing Fees / Prepayment Charges on Car Loan Shapar
Category
Details
Processing Charges
Prepayment
Preclosure
Stamp Duty
Cheque Bounce Chgs
Floating Rate of Interest
Not Applicable
Overdue EMI Interest
Amortisation Schedule Chgs
Rs 200 + GST
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.
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.
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.
Car Loan Banks in Shapar
Bank Name | Bank Address | IFSC Code |
DCB BANK LIMITED | DCB BANK LTD, SURVEY NO. 1601, PLOT NO. 29, BELOW GRAMSHAKTI ( FULLERTON ), OPP SWAMINARAYAN SCHOOL, SIDC MAIN ROAD, VERAVAL, SHAPAR, GUJARAT- 360024 | DCBL0000273 |
UNION BANK OF INDIA | BANKERS COMPOUND, VENUS INDUSTRIAL PARK SHAPAR GUJARAT PINCODE-360024 | UBIN0567663 |
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.