GET INSTANT CAR LOAN

I have read the Privacy Policy & Agree to Terms & Conditions and authorize Dialabank & its partner institutions to Call or SMS me with reference to my application.

Buy your dream Car

Rates as low as 7.05%*
Up to 100% Funding
Doorstep Service
Hassle-free Disbursal
Unbiased Experts Advice

Vidharbha Konkan Gramin Bank Car Loan

Vidharbha Konkan Gramin Bank Car Loan Key Features –

About Vidharbha Konkan Gramin Bank Car Loan

Vidharbha Konkan Gramin Bank is established in the year 2003. And it is located in Nagpur. It has over 356 branches across the state. You can avail of various services like Savings deposit, Fixed Deposit, Net banking, NEFT. These interest rates are 14-15% for Car Loans. 

Advantages of Vidharbha Konkan Gramin Bank Car Loan

Advantages of car loan

Vidharbha Konkan Gramin Bank Car Loan Eligibility

Salaried Individual
Age – 21 years to 60 years
Net Monthly Income – Minimum ₹ 20,000
Employment Duration – 1-year minimum
Income Eligibility – Based on Form 16 and salary slip
Self-Employed Individuals
Age – 21-65 years of age
Minimum ITR – Rs.2 lakh
Employment Duration – Minimum 3 years
Income Eligibility – Depends on the latest Income Tax Returns
Self-Employed Non-Individuals (Company/Partnership)
Minimum ITR – Rs. 2 lakh
Employment Duration – 3 years minimum
The applicant has to present IT returns and audited financials of 2 years with Calculated Income.
Priority Customers
At least 6-month vintage
Average Quarterly Balance – 2 quarters balance at a minimum of Rs.1 lakh
Maximum Loan Amount – 3 times the Average Quarterly Balance of the last 2 Quarters

Vidharbha Konkan Gramin Bank Car Loan Interest Rate, Fees, and Charges

Charges New Car Loan Used Car Loan
Interest Rate 7.05% per annum 11.80% p.a. to 13.80% p.a.
Car loan Processing fees 0.004 0.004
Issuance of Duplicate Repayment Schedule Charges Around Rs.500 Around Rs.500
Foreclosure Charges 0.06 0.06
Penal Interest 2% PM 2% PM
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

How to Increase Your Eligibility for Vidharbha Konkan Gramin Bank Car Loan

  • Short tenure: If you can go with the short term, you can become eligible for the Vidharbha Konkan Gramin Bank Car Loan. In Short tenure, you will get high interest rates, and if you can pay these, you can become eligible for Car Loans. This is one of the best techniques for Car Loan.
  • Credit Score: A credit score is one of the essential things in Car Loans. If your credit score is 750, you can avail yourself of the Car Loans in Vidharbha Konkan Gramin Bank. 
  • Low Debt to income ratio: If you can maintain a low debt to income ratio, then you will be eligible for the Car loans of Vidharbha Konkan Gramin Bank. By knowing the lowVidharbha Konkan Gramin Bank Car Loan Debt to income ratio, banks can help you avail of a car loan.
  • Lower Amount: If you can apply for the low amount of the Car Loan, then banks can avail of the Car loans. 

Factors Affecting Vidharbha Konkan Gramin Bank Car Loan Eligibility

The factors that affect the Vidharbha Konkan Bank Car Loan are:

  • Income: Income is one of the most critical factors that affect the Car Loan. If you get a high Income, you will get high chances to become eligible for the Car Loan.
  • Low Loans Amount: If you can avail yourself of the low amount, you can become eligible for Car loans. If the loan amount is low, then it can be paid off quickly.
  • Repayment systems: Based on the repayment systems, the Car Loans are availed. If you can choose a short term repayment, tenure can help avail yourself of the Car Loans.
  • Credit Score: A credit score is one of the essential things in Car Loans. If your credit score is 750, then you can avail yourself of Car Loans.

Vidharbha Konkan Gramin Bank Car Loan Processing Fees

  • Vidharbha Konkan Gramin Bank has a non-refundable processing fee. 
  • These Processing fees may range from 5000-10,000 rupees. 

New Car Loan: Pre-owned car Loan & Loan against Car

Pre Owned Car Loan: In Preowned Car Loan, you can avail these Car Loans by getting discounts up to 85%. If you can apply for the Pre Owned Car Loan in Vidharbha Konkan Gramin Bank, then you can avail the Loans easily.

Loan against Car: If you are in financial help, you can avail of the Car Loans, and you can get the 50% of the Car loans. 

Vidharbha Konkan Gramin Bank Car Loan Customer Care – Toll-Free Number

You can contact the Vidharbha Konkan Gramin Bank, and you can avail of their customer care number. The customer care number for these Car loans is 0712-2224319/20/21/22.

Vidharbha Konkan Gramin Bank Car Loan Interest Rates and Charges

Vidharbha Konkan Gramin Bank Pre-Owned Car Loans Other Charges

Vidharbha Konkan Gramin 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.

Vidharbha Konkan Gramin Bank Car Loan EMI Calculator

By using the address below, you can avail of the Car Loan EMI Calculator:

Car Loan EMI Calculator

Vidharbha Konkan Gramin Bank Car Loan Types

Generally, banks offer the Car loan types of the New Car Loan, Used Car Loan and Loan against the Car. You can avail of the one you want, and the Vidharbha Konkan Gramin Bank also offers these Car loans types.

For a New Car loan, you can get up to 1 lakh and a tenure of 7 years. And for a Used Car loan, you can avail up to 1 lakh for five years. You can also loan against car in the Car Loans.

How to Apply for Vidharbha Konkan Gramin Bank Car Loan?

  • If you want to apply for Vidharbha Konkan Gramin bank Car Loan, then you can visit  Dialabank.
  • Then our manager will reach you, and they will explain all the car loans, and then you can avail yourself of the car loans.
  • You can help the best Car Loans with dialabank.

Tips for deciding the right amount of EMI

  • Amount of Loan: If you can tell the banks about the Car Loan Amount, then you can avail the right amount.
  • And before applying for the loan, you need to know the Expenses, your debts, and you need to clear all these so that bank can get the impression for availing of the Loan.
  • Car Loan eligibility is one of the essential things in car loans.
  • Banks also use multiplier based calculations which can be availed in all banks.

Vidharbha Konkan Gramin Bank car loan EMI – EMI changes in case of prepayment

  • If you want to prepay your loan amount, you need to pay some of the penalties to the banks. 
  • It may range from 2-5% based on the prepayment systems. 
  • If you don’t want to prepay, you will get options like reducing loan tenure and keeping EMI the same.
  •  Or you can increase EMI and keep the loan amount the same.

How to Calculate Vidharbha Konkan Gramin Bank Car Loan EMI

Vidharbha Konkan Gramin Bank calculates the Car Loan by using the formula:

E = P*r*[(1+r) ^n/((1+r) ^n-1)]

E is the EMI, r is the interest rates, Pis the Principal amount and n is the number of years of tenure.

Compare Vidharbha Konkan Gramin Bank Car Loan With Other Banks In India

FAQs for Vidharbha Konkan Gramin Bank Car Loan

✅ What is the formula for calculating the EMI of Car Loans?

The Formula for calculating the EMI of Car Loans is of E = P*r*[(1+r) ^n/((1+r) ^n-1)].

✅ How can you get a Car Loan in Vidharbha Konkan Gramin Bank?

You can avail a Car Loan by using Dialabank.

✅ What is the Car Loan Interest Rates in the Vidharbha Konkan Gramin bank?

The Car Loan Interest Rates is 7%.

✅ How many loans can avail for a Used Car Loan?

The Loan amount you can avail of is 1 lakh rupees.

 

News about Car loan

Car Loan Interest Rates has increased to 7% In most of the banks

The Car loans have different interest rates based on the cars, and you can only avail of the interest rates based on the vehicle. These Car loans have interest rates of 7%. In banks like PNB, the interest rates were low previously. But now, the interest rates have been rising.

 

Table of Contents