Utkarsh Small Finance Bank Car Loan

Utkarsh Small Finance Bank Car Loan Key Features – Jan 22 2022

Utkarsh Small Finance 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 Utkarsh Small Finance Bank Car Loan

Utkarsh Small Finance Bank is a Gramin bank in India established on 02-10-1975. It has headquartered in Moradabad and address is Prathama Bhawan, Ram Ganga Vihar Phase-II, Post Box NO. 446, Moradabad-244001. it has 422 branches across the state. Utkarsh Small Finance Bank Car Loan Interest Rates, Car Loan at

7.35% per annum

Updated on 21 Jan 2021. Apply for Car Loans Online. Find Utkarsh Small Finance Bank Car loan purpose, Eligibility, Margin, Repayment of Car Loan, Security, Documents Required.

Utkarsh Small Finance Bank Car Loan Eligibility

Salaried Individual
  • Age – Should be minimum of 21 years old and should not exceed 60 years.
  • Net Monthly Income – Rs.25000 is the base criteria.
  • Employment Duration – At least one year
  • Income Eligibility – Form 16
Self-Employed Individuals
  • Age – 21-70 years of age
  • Minimum ITR  – Rs. 4 lakh
  • Employment Duration – 3 years(minimum)
  • Income Eligibility –  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 must be associated with at least six months.
  • Average Quarterly Balance – Rs.5000
  • Maximum Loan Amount – 3 times

Utkarsh Small Finance 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

Utkarsh Small Finance 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

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.

Utkarsh Small Finance Bank Car Loan EMI Calculator

The applicant can calculate its EMI on the Car Loan before even availing it by following the address below: Car Loan EMI

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

Utkarsh Small Finance Bank Car Loan Types

There’s a long list of Car Loan Products provided by Utkarsh Small Finance Bank Car Loan. Choose among them according to your desires. Lit of Car Loan provided by Utkarsh Small Finance Bank Car Loan:

Utkarsh Small Finance Bank Car Loan 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 –  Applicants looking to buy a new car can go for this. You can get a car loan for a minimum amount of Rs. 1 lakh and tenure up to 7 years.
  2. Used Car Loan – Individuals wanting to buy used cars can avail Used Car loan with a minimum amount of Rs. 1 Lakh and a tenure of 5 years.
  3. Loan Against Car – Applicants with the urgency of funds can go for this loan by providing their car as a gage and getting a loan amount against it.

How to Apply for Utkarsh Small Finance Bank Car Loan?

  1. Reach out to Dialabank and provide the information asked on the form.
  2. Our Relationship Manager will contact you shortly to guide you through the Utkarsh Small Finance Bank Car Loan process.
  3. Compare and select from various options available.
  4. Applying for a Car Loan with Dialabank helps you avail of the various offers.

FAQ Utkarsh Small Finance Bank Car Loan

✅ How can I get a Car Loan from Utkarsh Small Finance Bank Car Loan?

Utkarsh Small Finance Bank Car Loan can be availed by applying directly through Dialabank or reaching out to the nearest branch of the Bank.

✅ How does Utkarsh Small Finance Bank Car Loan work?

Working on Utkarsh Small Finance 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 Utkarsh Small Finance Bank Car Loan?

Car Loan Interest Rate in Utkarsh Small Finance Bank Car Loan is as low as

7.35% per annum

.

✅ How to Check Car Loan status in Utkarsh Small Finance Bank Car Loan?

Check car Loan status in Utkarsh Small Finance Bank Car Loan 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 Utkarsh Small Finance Bank Car Loan?

Calculate Car Loan Interest in Utkarsh Small Finance Bank Car Loan 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 Utkarsh Small Finance Bank Car Loan?

Car Loan from Utkarsh Small Finance Bank Car Loan can avail you of up to 100% amount of the ex-showroom price of the vehicle.

✅ What is the loan tenure of Utkarsh Small Finance Bank Car Loan?

Utkarsh Small Finance Bank Car Loan Tenure range between 12 to 84 months.

✅ Can I get a 100% Car Loan from Jammu and Kashmir Bank?

Yes, a 100% car loan from Utkarsh Small Finance Bank Car Loan can be provided on the Ex-showroom price of the car.

✅ How much Processing Fee is applicable on Utkarsh Small Finance Bank Car Loan?

Processing Fees of 0.50% or a minimum of Rs.1500 is applicable on Utkarsh Small Finance Bank Car Loan.

✅ What are the EMI options available on Utkarsh Small Finance Bank Car Loan?

EMI options of Step-up EMI and Balloon EMI are available with Utkarsh Small Finance Bank Car Loan.

✅ What are the charges for Prepayment in Utkarsh Small Finance Bank Car Loan?

There are NO charges for Prepayment in Utkarsh Small Finance Bank Car Loan.

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

Top-up Loan on Existing Utkarsh Small Finance Bank Car Loan can only be availed under particular circumstances.

✅ Do I need to provide a guarantor to avail a Car Loan from  Utkarsh Small Finance Bank Car Loan?

A guarantor is not needed to avail a Car Loan from Utkarsh Small Finance Bank Car Loan.

✅ How to get Utkarsh Small Finance Bank Car Loan Statement?

Utkarsh Small Finance Bank Car Loan Statement is readily available on the Bank’s website and can be availed by providing the Loan Details.

✅ How to Pay Utkarsh Small Finance Bank Car Loan Interest Online?

Pay Utkarsh Small Finance Bank Car Loan Interest Online through Bank’s Payment gateways using your Net Banking.

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

Bank has the right to seize the vehicle or charge a nominal penalty for not paying Utkarsh Small Finance Bank Car Loan EMI for 3 Months.

✅ How can I apply for EMI Moratorium on Utkarsh Small Finance Bank Car Loan?

EMI Moratorium on Utkarsh Small Finance Bank Car Loan can be requested directly with the Bank.

✅ What is the number for Utkarsh Small Finance Bank Car Loan agent?

9878981166 is the number for Utkarsh Small Finance Bank most valuable Car Loan Agent, i.e. Dialabank.

✅ Can I close Utkarsh Small Finance Bank Car Loan online?

Utkarsh Small Finance Bank Car Loan cannot be closed online; an Applicant has to reach the branch for the closure process.

✅ What is Utkarsh Small Finance Bank Car Loan Customer Care Number?

9878981166 is the number for all the queries related to Utkarsh Small Finance Bank Car Loan.

✅ How can I get NOC from Utkarsh Small Finance Bank Car Loan?

NOC from Utkarsh Small Finance Bank Car Loan can be availed after completing the foreclosure process.

✅ What is the Utkarsh Small Finance Bank Car Loan closure procedure?

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

✅ What is the Utkarsh Small Finance Bank Car Loan preclosure charges?

Utkarsh Small Finance Bank Car Loan preclosure charges are zero.

✅ What is the Utkarsh Small Finance Bank Car Loan maximum tenure?

The Utkarsh Small Finance Bank Car Loan maximum tenure is 7 years.

✅ What is the Utkarsh Small Finance Bank Car Loan minimum tenure?

The Utkarsh Small Finance Bank Car Loan minimum tenure is 1 year.

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