Car Loan Talwandibhai

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Car Loan Talwandibhai

Best Banks for Car Loan in Talwandibhai


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Car Loan Talwandibhai 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 Talwandibhai


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Car Loan Talwandibhai 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 Talwandibhai EMI Calculator

Car Loan Talwandibhai 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 Talwandibhai Fees and Charges : Leading Banks – May 27 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 Talwandibhai 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 Talwandibhai

  • Minimal waiting terms frequently have lower interest rates than longer terms, therefore borrowers who want to save money should choose shorter repayment terms.
  • Each debt-to-income ratio determines how much of a borrower’s income goes toward loan repayment, which lenders consider when setting interest rates. Borrowers with a lower debt-to-income ratio have a greater chance of receiving a car loan with a lower interest rate.
  • Consumers must first investigate and evaluate the benefits offered by various banks and Other financial institutions in order to receive a good deal on a car loan. This can assist consumers in determining which lenders offer the lowest interest rates and, as a result, which lender to select.

How to Apply for Car Loan in Talwandibhai?

  • Visit our website Dialabank.
  • And choose the car loan option on the menubar.
  • Follow the instructions with all of the pertinent information about ones financing needs.
  • Would you please wait for our team of experts to reach to get in touch with you?
  • You can also visit the nearest branch or call on 9878981166.


car loan

Which Bank in Talwandibhai Offers the Best Car Loans?

Before qualifying for an automobile loan that fits all of the criteria, such as interest rates, it is usually a good idea to evaluate automobile loans from various providers. For example, lenders such as HDFC, ICICI, and SBI provide various auto loan schemes in the city. But, of course, the most significant lender for you is one that can supply you with the loan balance you require at the lowest possible interest rate while also delivering the cash as quickly as possible.

Car Loan for Major Car Manufacturers in Talwandibhai

TABLE WILL APPEAR

Processing Fees / Prepayment Charges on Car Loan Talwandibhai

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 Talwandibhai

Credit history is a statistic that impacts your ability to borrow money to pay off your debts. A more vital credit report indicates a positive credit history and simplifies your auto mortgage loan processing. In addition, banks and NBFCs in the city are more likely to approve your financial statement if you have a credit score of 750 or above.

Your number may change from one institution to the next. For example, if your credit history is less than ideal, you may be required to repay a considerable loan debt; however, you may be charged a low interest rate if your credit history is excellent. As a result, credit history is an essential factor to consider when applying for a car loan.


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Car Loan Talwandibhai Contact Number

Individuals can call the company 9878981166 for assistance if they have any inquiries concerning the auto loan in the city.


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Pre Calculated EMI Table for Car Loan Talwandibhai

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 Talwandibhai

Talwandibhai is a small village in the Firozpur district of Punjab. Car loans in Talwnadibhai are convenient and hassle free to avail and can be used to buy any kind or model of car

FAQ’s About Talwandibhai Car Loan

✅ So, what were the choices for the tenure period?

It’s your decision. Customers have a variety of payments choices to select from, extending 12 to 84 months, many of which are customized to requirements.

✅ Will it is feasible to get a loan on my existing car?

Indeed, numerous banks might issue such a mortgage on the present car if you’ve got a good payment history with your mortgage provider.

✅ Is it possible for me to pre-pay the complete loan amount?

Absolutely. Every six months, the borrower has the option to prepay the debt.