Car Loan Waryamkhera

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Car Loan Waryamkhera

Best Banks for Car Loan in Waryamkhera

Feature
HDFC Bank
ICICI Bank
Kotak Mahindra Bank
Interest Rate (p.a.)
7.35% - 7.95 %
8.5 - 9.5 %
11%
Min Loan Amt
Metro : 1 Lac & Non Metro: 75000
75000
75000
Max Loan Amt
1 Cr
1 Cr
1 Cr
Loan Tenure
Upto 7 Years
Upto 5 Years
Upto 5 Years
Processing Fee
1999 - 4999 + Tax
0.25% to 1.50%
0.25% to 1.50%
Preclosure Chgs
2%, Nil after 24 months
2%, Nil after 36 months
Nil
Loan to Value (LTV)
Upto 100% on Ex- showroom
Upto 95% on Ex- showroom
Upto 90% on Ex- showroom


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Car Loan Waryamkhera 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.

Car Loan Waryamkhera


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Car Loan Waryamkhera 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 Waryamkhera EMI Calculator

Car Loan Waryamkhera 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 Waryamkhera Fees and Charges: Leading Banks – Jul 01 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 Waryamkhera 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.


car loan

How to Get the Best Car Loan Interest Rates in Waryamkhera

  • Usually, car loan candidates opt for extremely long payback terms, resulting in much higher interest payments. Short-term loans have a low rate of interest and can end up working in the borrower’s favour.
  • Taking out a loan is a major financial decision, so it’s important to thoroughly examine all of the banks and their offers so that you can find a plan with the lowest interest rate and a payback period that works for you.
  • A low debt-to-income ratio improves your likelihood of acquiring a loan because the lender would not have to concern about you not being able to repay this loan since their money is already being used to pay off an older loan.
  • Whether it’s for short-term financing or a long-term loan, a good credit score is indeed useful. A credit score of 750 or above is preferred by most banks.

How to Apply for Car Loan in Waryamkhera?

Availing a car loan from Waryamkhera is an easy process with Dialabank, and there are two ways to do it:

  • Dialabank‘s website can be found here.
  • Pick a car loan from the auto loan option.
  • Fill out the form after you’ve decided on a car loan.
  • You will receive a call from one of our specialists in less than a minute.
  • After that, you can move on to the next stage.


car loan

Which Bank in Waryamkhera Offers the Best Car Loans?

A variety of lenders in the city offer car loans, including HDFC, ICICI, and SBI. The finest lender will be able to provide you with the loan amount you require at the lowest feasible interest rate and disburse the funds as promptly as possible. It’s always a good idea to research auto loans from a variety of lenders before applying for one that meets all of your criteria, such as interest rates.

Car Loan for Major Car Manufacturers in Waryamkhera

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Processing Fees / Prepayment Charges on Car Loan Waryamkhera

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 Waryamkhera

CIBIL score plays a key role while getting the loan. If your CIBIL score is between 750-900, then you will get quick loan approvals. If the CIBIL score is less than 700, then your application will be pending. So, check your CIBIL score before you apply for the loan. By paying off the loans on time, you will slowly good CIBIL score.


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Car Loan Waryamkhera Contact Number

For instant help and any more queries, you can call 9878981166.


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Pre Calculated EMI Table for Car Loan Waryamkhera

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 Waryamkhera

Waryamkhera is a town 22 kilometres from Abohar in the Fazilka locale of Punjab. The principal business is agribusiness—different individuals from the town work in high posts in India and outside of the nation.

FAQ’s About Waryamkhera Car Loan

✅ What happens if I don’t pay back the loan on time?

If you continue to default on your EMI payments, the bank will seize your vehicle and sell it to recoup its losses.

What should the borrower do once the last EMI is paid?

When the loan is paid off, the bank normally sends the borrower a Form 35 and NOC, which they must submit to the nearest RTO to have the lender’s name removed from the RC.

Is it possible to negotiate your loan’s interest rate?

Many institutions will negotiate the interest rate on your loan with you if you have a strong credit history and a high credit score.