Pandyan Grama 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
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Pandyan Grama Bank Car Loan Key Features – Jan 2021

Interest Rate 7.50%* per annum
Min Loan Amount ₹ 100,000
Max Loan Amount
(Loan to Value)
Loan up to 85% of On Road Price
or 100% of Ex-showroom Price
Loan Tenure 1 year to 7 years
Lowest EMI / Lac ₹ 2,311
Minimum Net Monthly Income ₹ 15,000
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 Up to 2% Only
Foreclosure Charges  5% of the principal outstanding
Basic Documentation ID Proof, Address Proof, Salary Slip, Bank Statement and Car Quotation

About Pandyan Grama Bank Car Loan

Pandyan Grama Bank is a Scheduled public sector bank in Tamil Nadu established under Regional Rural Bank Act 1976. It was founded on 9 March 1977 at Sattur, then later shifted to Virudhunagar on 16 July 1993.

Pandyan Grama Bank provides Car Loans at attractive rates of interest to the consumer for buying their dream car whether new or second hand. It is an easily available loan that can be procured by anyone even by ones who have a slightly low credit/CIBIL score.

Advantages of Pandyan Grama Bank Car Loan

Pandyan Grama Bank Car Loan

Pandyan Grama Bank Car Loan Eligibility

Documents required for car loan and other eligibility are discussed below.

Salaried Individual
  • Age – 21-60 years of age
  • Net Monthly Income – should be minimum ₹ 15000
  • 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

Pandyan Grama Bank Car Loan Interest Rate, Fees and Charges

 

Details on car loan interest rate and other charges are given below:

Charges New Car Loan Used Car Loan
Interest Rate 7.50% p.a. to 11.30% p.a. 14.80% p.a. to 16.80% p.a.
Processing fee Up to 2% Only 1% of the loan amount or Rs.6,000, whichever is lower
Issuance of Duplicate Repayment Schedule Charges Rs.500 per instance Rs.500 per instance
Foreclosure Charges 5% of the principal outstanding 5% of the principal outstanding
Penal Interest 2% per month 2% per month
Part Payment charges 5% of the paid amount 5% of the paid amount
Cheque/Instrument Swap Charge Rs.500 per instance Rs.500 per instance
Documentation Charge Rs.500 per instance Rs.500 per instance
Issuance of Duplicate No Dues Certificate Charges Rs.500 per instance Rs.500 per instance
Registration Certification Collection Charge Rs.200 per instance Rs.200 per instance
Cheque Bounce/Instrument Return Charges Rs.500 per instance Rs.500 per instance
Issuance of Duplicate Statement Charges Rs.500 per instance Rs.500 per instance
Loan Cancellation/Re-booking Charges Rs.2,500 per instance Rs.2,500 per instance
Issuance of Credit Report Rs.50 per instance Rs.50 per instance

Pandyan Grama 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.

Pandyan Grama Bank Car Loan EMI Calculator

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

Car Loan EMI Calculator

Pandyan Grama Bank Car Loan Types

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

  1. New Car Loan –  Those who wish to buy a new car, this is the scheme for you. You can take Pandyan Grama Bank Car Loan for a minimum of Rs. 1 lakh and a minimum tenure of 7 years.
  2. Used Car Loan – If you wish to buy a used car then you can choose this scheme which offers a minimum loan of Rs. 1 lakh and a minimum tenure of 5 years.
  3. Loan Against Car – You can opt for this scheme if you are in need of urgent funds where you can keep your cars as collateral with the bank where you can get Rs. 10 lakh or up to 50% of your car’s value.

Pandyan Grama Bank Car Loan Pre Calculated EMI

How to Apply for Pandyan Grama Bank Car Loan?

  1. Visit Dialabank and fill a form.
  2. Wait for a call from our Relationship Manager who will guide you throughout the process.
  3. You can compare different offers from banks and NBFCs and choose the one which suits your needs.
  4. Thus, easily apply for a Car Loan through Dialabank and enjoy the best offers.
  5. Eligibility criteria for car loan is dicussed in the above contents

Pandyan Grama Bank Car Loan for Top Selling Cars

Other Available Products from Pandyan Grama Bank

Pandyan Grama Bank Personal Loan Pandyan Grama Bank Gold Loan Pandyan Grama Bank Home Loan
Pandyan Grama Bank Credit Card Pandyan Grama Bank Two Wheeler Loan Pandyan Grama Bank Education Loan

FAQs for Pandyan Grama Bank Car Loan

What is the Pandyan Grama Bank Car Loan?

Pandyan Grama Bank car loan is the loan sum provided to its clients by the business for a new or used car.

How can I get a Car Loan from Pandyan Grama Bank?

  1. Visit Dialabank and fill a form.
  2. Wait for a call from our Relationship Manager who will lead you throughout the process.
  3. You can compare different offers from banks and other businesses and choose the one which suits your needs.
  4. Thus, easily apply for a Car Loan through Dialabank and experience the best offers.

✅ How does Pandyan Grama Bank Car Loan work?

When you will apply for a car loan, then you will get a call from our representative and then, there will a document verification process. Then, the loan amount will be credited to your account.

✅ What is the Car Loan Interest Rate in Pandyan Grama Bank?

The interest rate on a car loan in the Pandyan Grama Bank is 7.50% only.

✅ How to Check Car Loan status in Pandyan Grama Bank?

You can track your car loan status online on the Car loan status website.

✅ How to Calculate Car Loan Interest in Pandyan Grama Bank?

Use Dialabank’s EMI calculator to find out the interest as well as the EMI on your loan.
 

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

The maximum loan amount you can avail of on a car loan is up to 90% of On Road Price.

What is the loan tenure of the Pandyan Grama Bank Car Loan?

The loan tenure of the Pandyan Grama Bank Car Loan is a peak of 7 years.

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

Yes, you can get a 100% Ex-showroom Price car loan from Pandyan Grama Bank.

How much Processing Fee is applicable to the Pandyan Grama Bank Car Loan?

Pandyan Grama Bank charges a processing fee of 2% Only.

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

Pandyan Grama Bank Gives two EMI options for a car loan:- Step-up EMI and Balloon EMI.

What are the charges for Prepayment in Pandyan Grama Bank Car Loan?

You can prepay/foreclose your Pandyan Grama Bank Car Loan with 5% as foreclosure costs.

Can I get a top-up loan on my existing Pandyan Grama Bank car loan?

You can get a top-up loan on your current car loan from Pandyan Grama Bank for up to 150% of its worth.

Do I need to provide a guarantor to avail a car loan from the Pandyan Grama Bank?

Generally, you don’t need a guarantor for a car loan. However, you may need a guarantor if you don’t fulfill the eligibility criteria.

How to get the Pandyan Grama Bank Car Loan Statement?

Get the statement in person by visiting your branch and requesting a detailed statement.

                                                       or

You can get the report online. To do this, you should have Pandyan Grama Bank internet funding initiated.

How to Pay Pandyan Grama Bank Car Loan Interest Online?

Simply logon to online Pandyan Grama Bank payment to ‘see and pay’ your statements. You also get an electronic acknowledgment for every bill paid by you using e-PAY. You can also pay through Paytm.

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

Pandyan Grama Bank imposes 24% of the exceptional amount or a Fee covering from Rs.500 to Rs.5000 for not paying the EMI for 3 months.

How can I apply for EMI Moratorium on Pandyan Grama Bank Car Loan?

You can apply for EMI Moratorium on Pandyan Grama Bank Car Loans directly from the Pandyan Grama Bank website’s Loan corner.

✅ What is the number for the Pandyan Grama Bank Car Loan agent?

Call Dialabank at 9878981166 as it is one of the most granted Pandyan Grama Bank Car Loan agents. Dialabank even guarantees the best offers on your Car Loan.

✅ Can I close the Pandyan Grama Bank car loan online?

Pandyan Grama Bank car loans can be stopped by visiting the nearest branch and clearing off the outstanding value.

✅ What is the Pandyan Grama Bank Car Loan Customer Care Number?

Call 9878981166 and clear any of your questions with us anytime.

✅ How can I get NOC from the Pandyan Grama Bank for a Car loan?

You can get NOC straight from the branch for Pandyan Grama Bank Car Loans.

What is the Pandyan Grama Bank Car Loan closure procedure?

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

✅ What are the Pandyan Grama Bank Car Loan preclosure charges?

Pandyan Grama Bank Car Loan preclosure charges are up to 6%+ GST.

✅ What is the Pandyan Grama Bank Car Loan maximum tenure?

The Pandyan Grama Bank Car Loan maximum tenure is 7 years.

✅ What is the Pandyan Grama Bank Car Loan minimum tenure?

The Pandyan Grama Bank Car Loan minimum tenure is 1 year.

 

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