Saptagiri Grameena Bank Car Loan Key Features – Apr 25 2024
| Saptagiri Grameena Bank Car Loan Interest Rate | 7.35% per annum |
| Min Loan Amount | ₹ 1,00,000 |
| Max Loan Amount (Loan to Value) |
100% of Ex-showroom Price |
| Loan Tenure | 12 to 84 months |
| Lowest EMI / Lac | ₹ 1,634 |
| Minimum Net Monthly Income | ₹ 25,000 |
| Minimum ITR for Self Employed | ₹ 4,00,000 |
| Age Criteria | Salaried: 21 years – 60 years Self Employed: 21 years – 70years |
| Types of Cars | For All New Passenger Cars, Multi Utility Vehicles (MUVs), and Sport Utility Vehicle (SUVs). |
| Processing Fee | 0.50% or minimum Rs.1500 |
| Foreclosure Charges | Nil |
| Basic Documentation | ID Proof, Address Proof, Salary Slip, and Car Quotation |
About Saptagiri Grameena Bank Car Loan
Saptagiri Grameena Bank is a Gramin Bank in India set up on 02-09-2013. It has settled in Raipur, and the address is Mahadev Ghat Road, Sundar Nagar, Raipur – 492 013, Chhattisgarh. it has 605 branches across the state. It offers all the monetary assistance to its clients like saving a deposit, fixed deposit, recurring deposit, loans, and personal loans.
Advantages of Saptagiri Grameena Bank Car Loan
Saptagiri Grameena Car Loan Eligibility
| Salaried Individual |
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| Self-Employed Individuals |
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| Self-Employed Non-Individuals (Company/Partnership) |
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| Priority Customers |
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Saptagiri Grameena Bank Car Loan Interest Rate, Fees, and Charges
| Charges | New Car Loan | Used Car Loan |
| Interest Rate | 7.35% per annum |
14.80% p.a. to 16.80% p.a. |
| Processing fee | 0.50%(minimum Rs.1500) | 0.50%(minimum Rs.1500) |
| Issuance of Duplicate Repayment Schedule Charges | Above Rs.350 | Above Rs.350 |
| Foreclosure Charges | Nil | Nil |
| 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 | Above Rs.350 | Above Rs.350 |
| Documentation Charge | Above Rs.350 | Above Rs.350 |
| Issuance of Duplicate No Dues Certificate Charges | Above Rs.350 | Above Rs.350 |
| Registration Certification Collection Charge | Above Rs.150 | Above Rs.150 |
| Cheque Bounce/Instrument Return Charges | Above Rs.350 | Above Rs.350 |
| Issuance of Duplicate Statement Charges | Above Rs.350 | Above Rs.350 |
| Loan Cancellation/Re-booking Charges | Nil | Nil |
| Issuance of Credit Report | Above Rs.50 | Above Rs.50 |
Saptagiri Grameena Bank Car Loan Documents Required
Salaried Individual
| Category | Documents Required |
| Identity Proof | Voter ID Aadhar Card Passport |
| Address Proof | Driving Licence Passport Electricity Bill |
| Date of Birth Proof | Birth Certificate Passport Driving Licence PAN |
| Signature Proof | PAN Card Bankers Verification Passport |
| Income Proof | Latest Form 16 and Salary Slips |
| Bank Statement | Bank statement of last three months |
| Employment Continuity Proof | ITR of Form 16 Salary Slip with Joining Date Work Experience Certificate Appointment Letter |
Self-Employed Individuals
| Category | Documents Required |
| Identity Proof | Aadhar card PAN Card Driving License |
| Address Proof | Driving Licence Aadhaar Card Voter ID Utility Bills |
| Date of Birth Proof | Birth Certificate Passport Driving Licence High School Marksheet |
| Signature Proof | Passport PAN Bankers verification |
| Income Proof | Latest Form 16 and Salary Slips |
| Bank Statement | Bank statement of last three months |
| Employment Continuity Proof | Current Account Statement SSI or MSME Registration Certificate Shop & Establishment Act Certificate Sales Tax or VAT Certificate |
| Business Proof | Telephone Bill Electricity Bill Current Account Statement Sales Tax or VAT Certificate Registered Lease Document with other utility bills Shop & Establishment Act Certificate SSI or MSME Registration Certificate |
Self-Employed Non-Individuals:
Partnership Firms/Societies
| Category | Documents Required |
| Identity Proof | Driving Licence Aadhaar Card Passport PAN Voter ID |
| Address Proof | Driving Licence Aadhaar Card Passport PAN Voter ID |
| Income Proof | Audited Balance Sheet P&L Account and ITR for the previous two years |
| Bank Statement | Bank statement of last three 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 |
Private Limited/Limited Companies
| Category | Documents Required |
| Identity Proof | Copy of Latest AOA, Incorporation, and MOA |
| Address Proof | Current Account Statement Shop & Establishment Act Certificate Sales Tax or VAT Certificate Registered Lease Document with other utility bills SSI or MSME Registration Certificate Telephone Bill Electricity Bill |
| Income Proof | Audited Balance sheet, P&L Account and Filed ITR |
| Previous three months bank statement | |
| Business Continuity Proof | SSI or MSME Registration Certificate Sales Tax or VAT Certificate Shop & Establishment Act Certificate Current Account Statement |
| Additional documents |
PAN Card
Board Resolution List of Directors and Shareholding Partners Certificate of Commencement of Business for Ltd. Co. |
Saptagiri Grameena Car Loan EMI Calculator
Check your EMIs even before applying for the loan by following this: Car Loan EMI Calculator.
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
Saptagiri Grameena Bank Car Loan Types
Saptagiri Grameena Bank gives different monetary items, and Car Loan is one among them. Contingent on the requirements, the Loan can be benefited:
- New Car Loan – For the people who are looking for another and new vehicle. Advantage from this credit for a versatile residency of up to 7 years.
- Used Car Loan – Take a Used Car Loan for buying any reused vehicle with full records available. Get the acknowledge for long residencies up to 5 years.
- Advance Against Car – Individuals can even get a credit against their had vehicles for smart resource supports by keeping the vehicle regarding the protection.
How to Apply for Saptagiri Grameena Bank Car Loan?
- Reach out to Dialabank and fill in the necessary information.
- Connect with our all-around prepared Relationship administrator and find out about the alternatives accessible.
- Select the best Car advance as indicated by your requirements for long is accessible.
- All the direction and administrations all through the Car advance cycle is liberated from cost.
FAQs for Saptagiri Grameena Bank Car Loan
✅ What is Saptagiri Grameena Bank Car Loan?
Saptagiri Grameena Bank Car Loan is a secured loan provided by the Bank to applicants looking to allocate funds for buying a new or used car.
✅ How can I get a Car Loan from Saptagiri Grameena Bank?
Saptagiri Grameena Car Loan can be availed by applying directly through Dialabank or reaching out to the nearest branch of the Bank.
✅ How does Saptagiri Grameena Bank Car Loan work?
Working on Saptagiri Grameena Bank Car Loan is pretty simple as it involves allocating funds to its customers willing to buy a car and keeping the same as collateral. The rate of Interest is charged against the loan and is repaid in burdenless EMIs.
✅ What is the Car Loan Interest Rate in Saptagiri Grameena Bank?
Car Loan Interest Rate in Saptagiri Grameena Bank is as low as
7.35% per annum
.✅ How to Check Car Loan status in Saptagiri Grameena Bank?
Check car Loan status in Saptagiri Grameena Bank directly by reaching out to the Bank’s website and providing your Loan number on the Loan Status page.
✅ How to Calculate Car Loan Interest in Saptagiri Grameena Bank?
Calculate Car Loan Interest in Saptagiri Grameena Bank by using Dialabank’s Calculator. This Calculator provides information about the EMI and Interest of your Loan.
✅ What is the maximum loan amount I can avail myself of on a Car Loan from Saptagiri Grameena Bank?
Car Loans from Saptagiri Grameena Bank can avail you of up to 100% amount of the ex-showroom price of the vehicle.
✅ What is the loan tenure of the Saptagiri Grameena Bank Car Loan?
Saptagiri Grameena Bank Car Loan Tenure range between 12 to 84 months.
✅ Can I get a 100% Car Loan from Saptagiri Grameena Bank?
Yes, a 100% car loan from Saptagiri Grameena Bank can be provided on the Ex-showroom price of the car.
✅ How much Processing Fee is applicable on Saptagiri Grameena Bank Car Loan?
Processing Fees of 0.50% or a minimum of Rs.1500 is applicable on Saptagiri Grameena Bank Car Loan.
✅ What are the EMI options available on Saptagiri Grameena Bank Car Loan?
EMI options of Step-up EMI and Balloon EMI are available with Saptagiri Grameena Bank Car Loan.
✅ What are the charges for Prepayment in Saptagiri Grameena Bank Car Loan?
There are NO charges for Prepayment in Saptagiri Grameena Bank Car Loan.
✅ Can I get a top-up loan on my existing Saptagiri Grameena Bank Car Loan?
Top-up Loan on Existing Saptagiri Grameena Bank Car Loan can only be availed under particular circumstances.
✅ Do I need to provide a guarantor to avail myself of a Car Loan from Saptagiri Grameena Bank?
A guarantor is not needed to avail of a Car Loan from Saptagiri Grameena Bank.
✅ How to get Saptagiri Grameena Bank Car Loan Statement?
Saptagiri Grameena Bank Car Loan Statement is readily available on the Bank’s website and can be availed by providing the Loan Details.
✅ How to Pay Saptagiri Grameena Bank Car Loan Interest Online?
Pay Saptagiri Grameena Bank Car Loan Interest Online through Bank’s Payment gateways using your Net Banking.
✅ What if I can’t pay the interest on Saptagiri Grameena Bank Car Loan for 3 months?
Bank has the right to seize the vehicle or charge a nominal penalty for not paying Saptagiri Grameena Bank Car Loan EMI for 3 Months.
✅ How can I apply for EMI Moratorium on Saptagiri Grameena Bank Car Loan?
EMI Moratorium on Saptagiri Grameena Bank Car Loan can be requested directly with the Bank.
✅ What is the number for Saptagiri Grameena Car Loan agent?
9878981166 is the number for Saptagiri Grameena’s most valuable Car Loan Agent, i.e. Dialabank.
✅ Can I close Saptagiri Grameena Bank Car Loan online?
Saptagiri Grameena bank car Loan cannot be closed online; an Applicant has to reach the branch for the closure process.
✅ What is Saptagiri Grameena Bank Car Loan Customer Care Number?
9878981166 is the number for all the queries related to Saptagiri Grameena Bank Car Loan.
✅ How can I get NOC from Saptagiri Grameena Bank for a Car Loan?
NOC from Saptagiri Grameena for a Car Loan can be availed after completing the foreclosure process.
✅ What is the Saptagiri Grameena Bank Car Loan closure procedure?
- Just go to the bank with the documents.
- Write a letter for pre-closure of the Saptagiri Grameena Bank Car Loan account.
- Pay the pre-closure charges as per Saptagiri Grameena Bank Car Loan.
✅ What are the Saptagiri Grameena Bank Car Loan pre-closure charges?
Saptagiri Grameena Bank’s pre-closure charges are zero.
✅ What is the Saptagiri Grameena Bank Car Loan maximum tenure?
The Saptagiri Grameena Bank’s maximum tenure is 7 years.
✅ What is the Saptagiri Grameena Bank Car Loan minimum tenure?
The Saptagiri Grameena Bank Car Loan minimum tenure is 1 year.
