Best Banks for Car Loan in Waghala
Car Loan Waghala 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
Banks provide high-quality car loans, amounting to 100% of the on-road cost of the product you want to purchase, with low interest rates and a seven-year repayment period. The loan’s approval and ultimate payment are subject to the Lender’s qualifying criteria and the fulfilment of KYC processes. To estimate the monthly premium immediately. The institution also provides mortgages to its present customers with special perks and minimal paperwork.
7.35% per annum Availing a car loan from Waghala: Several big banks and non-bank financial institutions in the city offer car loans. Naturally, the finest lender will be able to provide you with the loan amount you need at a fair interest rate and release the funds as quickly as feasible. As a result, it is always a good idea to compare auto loans from multiple lenders before applying for one that meets all of your criteria, such as interest rates. TABLE WILL APPEAR The CIBIL score reflects your previous credit history as well as any defaults on previous loans. Because most financial institutions want a high credit score, a decent credit score is 750 or above. However, each bank and NBFC has its own requirements for a minimum CIBIL score to process your loan. A CIBIL score of less than 750 can result in a higher rate of interest. A low CIBIL score may result in your loan being rejected because it is the first item a bank looks at before completing your application. In case of any queries regarding the car loan in the city, you may contact 9878981166 for any assistance. Waghala is a village in Maharashtra state, India. It belongs to the region Marathwada. It is very beneficial for an individual to take a Loan from Dialabank. All you have to do is to visit the Dialabank website.
Car Loan Waghala 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 Waghala EMI Calculator
Car Loan Waghala Fees & Charges
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 Waghala Fees and Charges: Leading Banks – Apr 26 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 Waghala 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 Waghala
How to Apply for a Car Loan in Waghala?
Which Bank in Waghala Offers the Best Car Loans?
Car Loan for Major Car Manufacturers in Waghala
Processing Fees / Prepayment Charges on Car Loan Waghala
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 Waghala
Car Loan Waghala Contact Number
Pre Calculated EMI Table for Car Loan Waghala
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 Waghala
Car Loan Banks in Waghala
Bank name
Bank Address
IFSC Code
Maharashtra Gramin Bank
AT WAGHALA TQ NANDED DIST NANDED
MAHG0004155
FAQ’s About Waghala Car Loan
✅ Is it possible to get an Old Car Loan for my current vehicle?
Absolutely, customers can get a loan on your current vehicle. More to 120 per cent of the car’s current worth, up to a total of 20,000 rupees, would be accessible to you in money.
✅ Is it possible to acquire 100% finance for my car?
Indeed, on some vehicles, we give up to 100% of the ex-showroom price if the client meets our lending criteria.
✅ Can these loans be used to fund any vehicle?
Almost everything passenger automobiles and multi-utility vehicles made by India’s main automakers are financed by us. On a case-by-case basis, imported vehicles are also sponsored.