Ellaquai Dehati Bank Car Loan

Ellaquai Dehati Bank Car Loan Key Features – Jan 2021

Ellaquai Dehati Bank Car Loan Interest Rate

7% per annum

Min Loan Amount ₹ 100,000
Max Loan Amount Loan up to 90% of On Road Price
(Loan to Value) or 100% of Ex-showroom Price
Ellaquai Dehati Bank car Loan Tenure 12 to 60 months
Lowest EMI / Lac ₹ 1,622
Minimum Net Monthly Income ₹ 20,000
Minimum ITR for Self Employed ₹ 2,00,000
Age Criteria Salaried: 21 years to 60 years
Self Employed: 21 years to 65 years
Types of Cars For All New Passenger Cars, Multi Utility Vehicles (MUVs), and Sport Utility Vehicle (SUVs).
Ellaquai Dehati Bank car loan Processing Fee 0.40% of the principal amount
Foreclosure Charges 6% (7-12 months)
Basic Documentation Address Proof, Bank Statement, Car Quotation and ID Proof, Experience Proof, Latest Photograph

About Ellaquai Dehati Bank Car Loan

Ellaquai Dehati Bank is a rural regional bank and financial services company, that has its headquarters in Jammu and Kashmir State. Ellaquai Dehati Bank offers Car Loans at reasonable interest rates to any interested individual for buying a new or second-handed car. A car loan is easily available which can be availed by anyone with a good credit/CIBIL score.

Advantages of Ellaquai Dehati Bank Car Loan 

Ellaquai Dehati Bank Car Loan

Ellaquai Dehati Bank Car Loan Eligibility

Salaried Individual
  • Age – 21-60 years of age
  • Net Monthly Income – should be a minimum of ₹ 20,000
  • Employment Duration – Minimum 1 year
  • Income Eligibility – Depends on Form 16 and Salary Slip
Self-Employed Individuals
  • Age – 21-70 years of age
  • Minimum ITR  – Rs. 4 lakh, Rs. 18 lakhs (for selected car models)
  • Employment Duration – Minimum 3 years
  • Income Eligibility – Depends on the latest Income Tax Returns
Self-Employed Non-Individuals (Company/Partnership)
  • Minimum ITR  – Rs. 4 lakh, Rs. 18 lakhs (for selected car models)
  • Employment Duration – Minimum 3 years
  • The applicant has to present IT returns and audited financials of 2 years with Calculated Income.
Priority Customers
  • Applicant should have a vintage of at least 6 months
  • Average Quarterly Balance – Minimum Rs.1 lakh for last 2 quarters
  • Maximum Loan Amount – 3 X Average Quarterly Balance of Last 2 quarters

Ellaquai Dehati Bank Car Loan Interest Rate, Fees, and Charges

Charges New Car Loan Used Car Loan
Interest Rate

7% per annum

14.80% p.a. to 16.80% p.a.
Ellaquai Dehati Bank car loan Processing fee 0.40% 0.40%
Issuance of Duplicate Repayment Schedule Charges Around Rs.500 Around Rs.500
Foreclosure Charges 6% 6%
Penal Interest 2% PM 2% PM
Ellaquai Dehati Bank 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

Ellaquai Dehati Bank Car Loan 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.

Ellaquai Dehati Bank Car Loan EMI Calculator

Any interested individual can apply for the Ellaquai Dehati Bank Car Loan by visiting the below-mentioned address.

Car Loan EMI Calculator

Ellaquai Dehati Bank Car Loan Types

Ellaquai Dehati Bank Car Loan has many options for interested people. Some of them are:

  1. New Car Loan –  This kind of car loan provides credit to the applicant who is willing to buy a brand new car and provides a tenure of as long as seven years.
  2. Used Car Loan – With this, you can buy any used car with all necessary documents using the Ellaquai Bank used car loan feature with a tenure of 5 years.
  3. Loan Against Car – You can use your car as security and get a loan against it for quickly allocating essential funds.

How to Apply for Ellaquai Dehati Bank Car Loan?

  1. Visit Dialabank.
  2. Fill out the form that is available at the top of the page.
  3. Wait for our Relationship Manager will get in touch with you.
  4. You will be helped in comparing the different rates and choose the best way to go about the Ellaquai Dehati Bank Car Loan.
  5. You can get instant approval through Dialabank.

FAQs for Ellaquai Dehati Bank Car Loan

✅ What is Ellaquai Dehati Bank Car Loan?

Ellaquai Dehati Bank Car Loan is a financial product of Ellaquai Dehati Bank which provides Loans to the customers for purchasing a Car.

✅ How can I get a Car Loan from Ellaquai Dehati Bank?

You can apply for a Car Loan with Ellaquai Dehati Bank by directly contacting the branch or apply with Dialabank for exciting offers on a Car Loan.

✅ How does Ellaquai Dehati Bank Car Loan work?

Ellaquai Dehati Bank provides Loans to applicants willing to purchase a new car and the car is the only collateral involved in the process. Monthly EMIs are fixed with interest rates being charged on them.

✅ What is the Ellaquai Dehati Bank Car Loan Rates?

7.50% Per Annum is the Minimum Rate of Interest charged by Ellaquai Dehati Bank against the loan.

✅ How to Check the Ellaquai Dehati Bank car loan status?

You can check your Car Loan status by directly entering your Loan details in the “Loan Status” address on Ellaquai Dehati Bank’s official website. Or contact your Ellaquai Dehati Bank car Loan Department.

✅ How to Calculate Car Loan Interest in Ellaquai Dehati Bank?

You can easily calculate the Interest as well as the EMI of your Loan by using Dialabank’s EMI Calculator.

✅ What is the maximum loan amount I can avail myself of on a Car Loan from Ellaquai Dehati Bank?

Maximum Loan depends upon the Profile of the applicant and the Price/variant of the car. Whereas, you can get a loan up to 100% value of the ex-showroom price.

✅ What is the loan tenure of Ellaquai Dehati Bank Car Loan?

The tenure of the Ellaquai Dehati Bank car Loan can go up to 60 months.

✅ Can I get a 100% Car Loan from Ellaquai Dehati Bank?

Yes, you can avail 100% Car Loan on the ex-showroom price of the car.

✅How much Processing Fee is applicable on Ellaquai Dehati Bank Car Loan?

0.40% of the principal amount is the basic Processing Fee charged by Ellaquai Dehati Bank on Car Loans.

✅What are the EMI options available on the Ellaquai Dehati Bank car loan?

The options available are Step-Up EMI and Balloon EMI.

✅What are the Ellaquai Dehati Bank Car Loan Prepayment charges?

Up to 5% of the outstanding amount can be charged as Foreclosure Charges on Prepayment of the loan and to know the Ellaquai Dehati Bank car loan foreclosure process you can contact the bank.

✅Can I get a top-up loan on my existing Ellaquai Dehati Bank car loan?

Yes, Ellaquai Dehati Bank provides an option of a Top-up Loan on Ellaquai Dehati Bank Car Loan for existing customers.

✅Do I need to provide a guarantor to avail myself of a car loan from Ellaquai Dehati Bank?

No, Ellaquai Dehati Bank Car Loan Doesn’t require any guarantor.

✅How to get Ellaquai Dehati Bank Car Loan Statement?

Get your Ellaquai Dehati Bank Car Loan statement by logging in to a car loan portal or Get it directly from the branch.

✅How to Pay Ellaquai Dehati Bank Car Loan Interest Online?

Pay your Ellaquai Dehati Bank car Loan online by using Net Banking on Barclays Bank’s official website.

✅What if I can’t pay the interest on Ellaquai Dehati Bank Car Loan for three months?

The Bank charges around Rs.100 + GST for each EMI not paid on time.

✅How can I apply for EMI Moratorium on Ellaquai Dehati Bank Car Loan?

You can apply for EMI Moratorium by the direct link provided by the Bank through SMS or By visiting the Ellaquai Dehati Bank Official Website.

✅What is the number for Ellaquai Dehati Bank Car Loan agent?

Dialabank is the most reliable Car Loan agent in Ellaquai Dehati Bank so Call us at 9878981166.

✅ How to close the Ellaquai Dehati Bank car loan online?

You can initiate the Loan Closure procedure online but have to visit the branch to finish it.

✅ What is Ellaquai Dehati Bank Car Loan Customer Care Number?

Ring us at 9878981166 for any of your questions.

✅ How can I get an Ellaquai Dehati Bank car loan NOC online?

Follow the following steps to get your Ellaquai Dehati Bank car loan NOC online or to place an Ellaquai Dehati Bank car loan NOC request:
> Log in to Ellaquai Dehati Bank website with your credentials -> Customer Service -> Service Request -> Product -> Request for NOC.
OR
Visit the nearest Ellaquai Dehati Bank Bank Branch.

✅ What is the Ellaquai Dehati Bank Car Loan closure procedure?

  • Just go to the bank with the documents.
  • Write a letter for pre-closure of the Ellaquai Dehati Bank Car Loan account.
  • Pay the pre-closure charges as per Ellaquai Dehati Bank Car Loan.

✅ What are the Ellaquai Dehati Bank Car Loan preclosure charges?

Ellaquai Dehati Bank Car Loan preclosure charges are up to 5%+ GST.

✅ What is the Ellaquai Dehati Bank Car Loan maximum tenure?

The Ellaquai Dehati Bank Car Loan’s maximum tenure is  60 months.

✅ What is the Ellaquai Dehati Bank Car Loan minimum tenure?

The Ellaquai Dehati Bank Car Loan minimum tenure is 12 months.

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