Nainital Bank Car Loan

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Buy your dream Car

Rates as low as 7.35%*
Up to 100% Funding
Doorstep Service
Hassle-free Disbursal
Unbiased Experts Advice

Nainital Bank Car Loan Key Features

Nainital Bank Car Loan Interest Rate Starts @ 7.35%
Min Loan Amount ₹ 1,00,000
Max Loan Amount
(Loan to Value)
Loan up to Rs. 75 lakhs or 90% of car value
Loan Tenure 1 year to 7 years
Lowest EMI / Lac ₹ 1,513
Minimum Net Monthly Income ₹ 20,000
Minimum ITR for Self Employed ₹ 300,000
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).
Processing Fee 0.40% of the principal amount
Foreclosure Charges NIL
Basic Documentation ID Proof, Address Proof, Salary Slip, Bank Statement, and Car Quotation

About Nainital Bank Car Loan

Established in 1922, Nainital Bank is offering various products and services to suffice customer’s banking needs. It has around 135 branches across India.

Nainital Bank gives Car Loan who wants to buy a Car. It presents you with flexible repayment choices. Also, provides low-interest rates for the bigger loan amount for the Car Loan.

You can purchase a second hand as well as a new car from Nainital at affordable interest rates on Car Loan. To get a car loan, one must have an acceptable and decent CIBIL score.

Advantages of Nainital Bank Car Loan

Nainital Bank Car Loan

Nainital Bank Car Loan Eligibility

Salaried Individual
  • Age – 21-60 years of age
  • Net Monthly Income – should be a minimum ₹ 20,000
  • Employment Duration – Minimum 1 year
  • Income Eligibility – Depends on Form 16 and Salary Slip
Self-Employed Individuals
  • Age – 21-65 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

Nainital Bank Car Loan Interest Rate, Fees and Charges

Charges New Car Loan Used Car Loan
Interest Rate [email protected]% 7.80% – 8.90%
Processing fee 0.40% of the principal amount 0.50% of the loan amount(Min Rs. 500+ service tax)
Issuance of Duplicate Repayment Schedule Charges Rs.500 per instance Rs.500 per instance
Foreclosure Charges NIL NIL
Penal Interest 2% per month 2% per month
Part Payment charges 2% of the paid amount 2% of the paid amount
Cheque/Instrument Swap Charge NIL NIL
Documentation Charge Rs.500 per instance Rs.500 per instance
Issuance of Duplicate No Dues Certificate Charges NIL NIL
Registration Certification Collection Charge NIL NIL
Cheque Bounce/Instrument Return Charges Rs. 500 per instance Rs. 500 per instance
Issuance of Duplicate Statement Charges NIL NIL
Loan Cancellation/Re-booking Charges NIL NIL
Issuance of Credit Report Rs.50 per instance Rs.50 per instance

Nainital Bank Car Loan Documents Required

Salaried Individual

Category Documents Required
Identity Proof

 

(Any 1)

Driving Licence
Aadhaar Card
Passport
PAN
Voter ID
Address Proof

 

(Any 1)

Driving Licence
Aadhaar Card
Passport
PAN
Voter ID
Date of Birth Proof

 

(Any 1)

Birth Certificate
Passport
Driving Licence
PAN
Signature Proof

 

(Any 1)

Passport
Bankers Verification
PAN
Income Proof Latest Form 16 and Salary Slips
Bank Statement Bank statement of last 3 months
Employment Continuity Proof Work Experience Certificate
ITR of Form 16
Salary Slip with Joining Date
Appointment Letter
Letter of Relieving

Self-Employed Individuals

Category Documents Required
Identity Proof (Any 1) Driving Licence
Aadhaar Card
Passport
PAN
Voter ID
Address Proof (Any 1) Driving Licence
Aadhaar Card
Passport
PAN
Voter ID
Date of Birth Proof (Any 1) Birth Certificate
Passport
Driving Licence
PAN
Signature Proof (Any 1) Passport
Bankers Verification
PAN
Income Proof Latest Form 16 and Salary Slips
Bank Statement Bank statement of last 3 months
Employment Continuity Proof Shop & Establishment Act Certificate
Current Account Statement
SSI or MSME Registration Certificate
Sales Tax or VAT Certificate
Business Proof Current Account Statement
Telephone Bill
Electricity Bill
Shop & Establishment Act Certificate
SSI or MSME Registration Certificate
Sales Tax or VAT Certificate
Registered Lease Document with other utility bills

Self-Employed Non-Individuals:

1. Partnership Firms/Societies

Category Documents Required
Identity Proof (Any 1) Driving Licence
Aadhaar Card
Passport
PAN
Voter ID
Address Proof (Any 1) Driving Licence
Aadhaar Card
Passport
PAN
Voter ID
Income Proof Audited Balance Sheet
P&L Account and ITR for the previous 2 years
Bank Statement Bank statement of last 3 months
Business Continuity Proof Shop & Establishment Act Certificate
Current Account Statement
SSI or MSME Registration Certificate
Sales Tax or VAT Certificate
Additional documents Authority Letter/PAN cards

2. Private Limited/Limited Companies

Category Documents Required
Identity Proof Copy of Latest MOA
Copy of Incorporation
Copy of Latest AOA
Address Proof (Any 1)
Current Account Statement
Telephone Bill
Electricity Bill
Shop & Establishment Act Certificate
SSI or MSME Registration Certificate
Sales Tax or VAT Certificate
Registered Lease Document with other utility bills
Income Proof Audited Balance Sheet
P&L Account and ITR for the previous 2 years
Bank Statement Bank statement of last 3 months
Business Continuity Proof Shop & Establishment Act Certificate
Current Account Statement
SSI or MSME Registration Certificate
Sales Tax or VAT Certificate
Additional documents
List of Directors and Shareholding Partners
PAN Card
Board Resolution
Certificate of Commencement of Business for Ltd. Co.

Nainital Bank Car Loan EMI Calculator

The candidate has the option to check the EMI’s before availing a Car Loan. So, you can easily check through the link below:

Car Loan EMI Calculator

Nainital Bank Car Loan Types

Nainital Bank offers different types of car loans to its customers. You have the option of picking the offer which suits your need the best. It offers the following types of Car Loans:

  1. New Car Loan –  If you wish to buy a new car, this is the scheme for you. You can get a Car Loan from Nainital Bank for a minimum of Rs. 1 lakh and a minimum tenure of 7 years.
  2. Used Car Loan – If you want to buy a used car then you can choose offers a minimum loan of Rs. 1 lakh and a minimum tenure of 3 years.
  3. Loan Against Car – You can choose this proposal if you need urgent funds where you can keep your cars as security with the bank.

Nainital Bank Car Loan Pre Calculated EMI

How to Apply for Nainital Bank Car Loan?        nainital bank car loan

  1. Visit Dialabank and fill a form online.
  2. Our Relationship Manager will call you and assist you throughout the process.
  3. You can compare different offers from banks and pick according to your suitability.
  4. You can easily avail of a Car Loan through Dialabank and enjoy offers.

Nainital Bank Car Loan for Top Selling Cars

Other Available Products from Nainital Bank

Nainital Bank Personal Loan Nainital Bank Gold Loan Nainital Bank Home Loan
Nainital Bank Credit Card Nainital Bank Two Wheeler Loan Nainital Bank Education Loan

FAQs for Nainital Bank Car Loan

✅ What is Nainital Bank Car Loan?

Nainital Bank Car Loan is a financial product for you to purchase a new car and used a car as well.

✅ How can I get a Car Loan from Nainital Bank?

You can get a car loan from Nainital Bank by visiting the nearest branch of Nainital Bank. You will get the convenience to apply from anywhere.

✅How does Nainital Bank Car Loan work?

Nainital Bank works on providing the best services at attractive interest rates. You can get a car loan easily. Nainital Bank provides flexible loan tenure duration.

✅What is the Car Loan Interest Rate in Nainital Bank?

The interest rate in Nainital Bank for a car loan starts at 7.35%.

✅How to Check Car Loan status in Nainital Bank?

You must visit the Nainital Bank branch to check your car loan status. Also, you can use the net-banking facility of Nainital Bank.

✅How to Calculate Car Loan interest in Nainital Bank?

To calculate your car loan interest in Nainital Bank, the following information is required:

  • Loan tenure
  • Loan amount
  • Interest rate

You can calculate your car loan interest and EMI for Nainital Bank through the EMI calculator.

✅What is the maximum loan amount I can avail of on Car Loan from Nainital Bank?

The maximum loan amount for a car loan from Nainital Bank is up to Rs. 75 lakhs or 90% of the car value.

✅What is the loan tenure of Nainital Bank Car Loan?

The loan tenure of Nainital Bank ranges between 1 to 7 years for availing a car loan.

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

You can get a loan up to 90% Car Loan from Nainital Bank.

✅How much processing fee applies to Nainital Bank Car Loan?

The processing fee in Nainital Bank is 0.40% of the principal amount for getting a car loan.

✅What are the EMI options available on Nainital Bank Car Loan?

The EMI options available on Nainital Bank car loan are:

  • Electronic Clearance System 
  • Standing Instruction 
  • Post Dated Cheques 

✅What are the charges for Prepayment in Nainital Bank Car Loan?

There are no prepayment charges in Nainital Bank for getting a car loan.

✅Can I get a top-up loan on my existing Nainital Bank Car Loan?

Yes, you can get a top-up loan on your existing Nainital Bank car loan. Also, get a top-up car loan by visiting the online platform of Dialabank.

✅Do I need to provide a guarantor to avail a car loan from Nainital Bank?

Yes, you can avail of a guarantor for getting a car loan from Nainital Bank. It will increase your car loan eligibility.

✅How to get a Nainital Bank Car Loan Statement?

For getting a car loan statement of Nainital Bank, you can utilize Nainital Bank’s mobile banking app. Also, visit the nearest Nainital Bank branch.

✅How to pay Nainital Bank Car Loan interest online?

You can pay your car loan interest through the net-banking services of Nainital Bank. If you want a low-interest car loan, you must visit Dialabank online.

✅What if I can’t pay the interest on Nainital Bank Car Loan for 3 months?

If you can’t pay the interest on Nainital Bank Car Loan for 3 months, then it will add up to the outstanding loan amount and repayment charges will redraft.

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

You can apply for EMI Moratorium on Nainital Bank by visiting the nearby branch of Nainital Bank or by submitting a request through an email. Also, if you want relief for the balance duration, you must apply through Dialabank.

✅What is the number for Nainital Bank Car Loan agent?

The number for Nainital Bank Car Loan agent is 7055101522.

✅Can I close the Nainital Bank car loan online?

You can close your car loan from Nainital Bank through the net-banking page of Nainital Bank. You have to log in with your details on the net -banking page and pay your car loan.

✅What is Nainital Bank Car Loan Customer Care Number?

The customer care number of Nainital Bank for car loan queries is 059462 50321.

✅How can I get NOC from Nainital Bank for a car loan?

You can get a car loan NOC from Nainital Bank when you pay your car loan amount.

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