Car Loan Wahabwala

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Car Loan Wahabwala

Best Banks for Car Loan in Wahabwala


car loan

Car Loan Wahabwala 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

Financial institutions give significant vehicle loans with low-interest rates and a seven-year repayment period, covering 100% of the on-road cost of the product you wish to buy. The loan’s approval and final payment are contingent on the Bank’s qualification requirements and KYC processes being met. Calculate the monthly premium right away. The bank also offers current customers mortgages with specific benefits and low paperwork.

Car Loan Wahabwala


car loan

Car Loan Wahabwala 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 Wahabwala EMI Calculator

Car Loan Wahabwala 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 Wahabwala Fees and Charges : Leading Banks – Jul 02 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 Wahabwala 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 Wahabwala

  • Best numbers in credi payments tells a lender that you’re a less dangerous borrower because you’ve previously made on-time payments, as indicated by your score.
  • The interest rate you pay on your auto loan is determined by the amount you borrow. You may be able to acquire a cheaper interest rate if you choose a larger loan amount.
  • If you have an excellent payment and activity history, companies may be willing to offer you a cheaper interest rate on a vehicle loan.
  • Because a higher income suggests a stronger ability to repay the loan, you may be eligible for a lower interest rate if you earn more money.
  • When debt-to-income ratios are low, customers have a higher chance of receiving a new mortgage at a lower rate.

How to Apply for a Car Loan in Wahabwala?

Availing a car loan Wahabwala:

Browse over our website and choose a car loan from the drop-down menu. Fill in the details about the vehicle as well as your earnings. Wait patiently for a call from our financial advisor on the mobile phone you provided. Our relationship managers can be reached at 9878981166 if you’ve any questions concerning the loan. To do just that, you’ll need to go to the bank personally, which could be a stressful circumstance for anyone.


car loan

Which Bank in Wahabwala Offers the Best Car Loans?

Car loans are available from a number of large banks and non-bank financial institutions in the city. The best lender will be able to supply you with the amount borrowed you require at a reasonable interest rate and promptly release the funds. As a result, comparing auto loans from many lenders before applying for one that fulfils all of your criteria, such as interest rates, is always a good idea.

Car Loan for Major Car Manufacturers in Wahabwala

TABLE WILL APPEAR

Processing Fees / Prepayment Charges on Car Loan Wahabwala

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 Wahabwala

The CIBIL ratings are based on your previous credit history as well as any loan defaults. A reasonable credit score is 750 or higher, as most financial institutions want a high credit score. In order to complete your loan, each bank and NBFC has its own requirements for a minimum CIBIL score. A CIBIL score below 750 can result in a higher interest rate.

Because it is the first thing a bank looks at before finishing your application, a low CIBIL score may result in your loan being declined.


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Car Loan Wahabwala Contact Number

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


car loan

Pre Calculated EMI Table for Car Loan Wahabwala

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 Wahabwala

Wahabwala is a village in Firozpur, Punjab, India. It is very beneficial for an individual to take a Loan from Dialabank; all you have to do is to visit the Dialabank website.

FAQ’s About Wahabwala Car Loan

How much will it take for the loan application to be approved?

Usually, it takes us around 30 minutes to process the loan request once we get all of your documentation.

How much time does the Used Car Loan require to interpret?

A used car loan is sanctioned in 24-36 hours once all paperwork is completed.

What are the different loan tenure options?

On the used autos, the loan term might range from one to five years.