Bangiya Gramin Vikash Bank Car Loan

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Rates as low as 7.35%*
Up to 100% Funding
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Bangiya Gramin Vikash Bank Car Loan Key Features – Jan 2021

Bangiya Gramin Vikash Bank Car Loan Interest Rate

7% 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 Bangiya Gramin Vikash Bank Car Loan

Bangiya Gramin Vikash Bank (BGVB) is an Indian Regional Rural bank established as a Gramin Bank in terms of provisions of the Regional Rural Banks Act 1976. It is sponsored by Punjab National Bank and is owned by the Government of India (50% of Share Capital Deposit), Govt. of West Bengal (15% of Share Capital Deposit), and Punjab National Bank(35% of Share Capital Deposit).

The Bank operates in 12 districts (after the creation of Jhargram District) of West Bengal State with its Head Office at Baharampur, Murshidabad, West Bengal. It has 587 Branches within its commanding area.[1]

Advantages of Bangiya Gramin Vikash Bank Car Loan

Bangiya Gramin Vikash Bank Car Loan

 

Bangiya Gramin Vikash Bank Car Loan Eligibility

Salaried Individual
Age – Should be a 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

Bangiya Gramin Vikash Bank Car Loan Interest Rate, Fees, and Charges

Charges New Car Loan
Used Car Loan
Interest Rate

7% 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

Bangiya Gramin Vikash Bank Car Loan Documents Required

Category
Documents Required
Identity Proof (Any 1)
Aadhar card
PAN Card
Driving License
Address Proof (Any 1)
Driving Licence
Aadhaar Card
Voter ID
Utility Bills
Date of Birth Proof (Any 1)
Birth Certificate
Passport
Driving Licence
High School Marksheet
Signature Proof (Any 1)
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

Salaried Individual

Category Documents Required
Identity Proof

 

 

Voter ID
Aadhar Card
Passport
Address Proof

 

(Any 1)

Driving Licence
Passport
Electricity Bill
Date of Birth Proof

 

(Any 1)

Birth Certificate
Passport
Driving Licence
PAN
Signature Proof

 

(Any 1)

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 (Any 1)
Aadhar card
PAN Card
Driving License
Address Proof (Any 1)
Driving Licence
Aadhaar Card
Voter ID
Utility Bills
Date of Birth Proof (Any 1)
Birth Certificate
Passport
Driving Licence
High School Marksheet
Signature Proof (Any 1)
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:

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 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

2. Private Limited/Limited Companies

Category Documents Required
Identity Proof Copy of Latest AOA, Incorporation, and MOA
Address Proof (Any 1) 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.

Bangiya Gramin Vikash Car Loan EMI Calculator

Check your EMIs even before applying for the loan by following this:

Car Loan EMI Calculator

Bangiya Gramin Vikash Bank Car Loan Types

Bangiya Gramin Vikash 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 individuals who are searching for a new and new vehicle. Benefit from this credit for an adaptable residency of as long as 7 years.
  • Utilized Car Loan –Take a Used Car Loan for purchasing any recycled vehicle with full records accessible. Get the credit for long residencies as long as 5 years.
  • Advance Against Car – Individuals can even get a credit against their possessed vehicles for snappy asset endorsements by keeping the vehicle as to the insurance.

Bangiya Gramin Vikash Bank Car Loan Pre Calculated EMI

How to Apply for Bangiya Gramin Vikash Bank Car Loan?

  1. Reach out to Dialabank and fill in the necessary information.
  2. Connect with our all-around prepared Relationship administrator and find out about the alternatives accessible.
  3. Select the best Car advance as indicated by your requirements for long ist accessible.
  4. All the direction and administrations all through the Car advance cycle is liberated from cost.

Bangiya Gramin Vikash Bank Car Loan for Top Selling Cars

FAQs for Bangiya Gramin Vikash Bank Car Loan

✅What is Bangiya Gramin Vikash Bank Car Loan?

Bangiya Gramin Vikash 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 Bangiya Gramin Vikash Bank?

Bangiya Gramin Vikash Bank Car Loan can be availed by applying directly through Dialabank or reaching out to the nearest branch of the Bank.

✅How does Bangiya Gramin Vikash Bank Car Loan work?

Working on Bangiya Gramin Vikash  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 Bangiya Gramin Vikash Bank?

Car Loan Interest Rate in Bangiya Gramin Vikash Bank is as low as

7% per annum

.

✅How to Check Car Loan status in Bangiya Gramin Vikash Bank?

Check car Loan status in Bangiya Gramin Vikash 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 Bangiya Gramin Vikash Bank?

Calculate Car Loan Interest in Bangiya Gramin Vikash 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 Bangiya Gramin Vikash Bank?

Car Loans from Bangiya Gramin Vikash Bank can avail you of up to 100% amount of the ex-showroom price of the vehicle.

✅What is the loan tenure of Bangiya Gramin Vikash Bank Car Loan?

Bangiya Gramin Vikash Bank Car Loan Tenure range between 12 to 84 months.

✅Can I get a 100% Car Loan from Bangiya Gramin Vikash Bank?

Yes, a 100% car loan from Bangiya Gramin Vikash Bank can be provided on the Ex-showroom price of the car.

✅How much Processing Fee is applicable on Bangiya Gramin Vikash Bank Car Loan?

Processing Fees of 0.50% or a minimum of Rs.1500 is applicable on Bangiya Gramin Vikash Bank Car Loan.

✅What are the EMI options available on Bangiya Gramin Vikash Bank Car Loan?

EMI options of Step-up EMI and Balloon EMI are available with Bangiya Gramin Vikash Bank Car Loan.

✅What are the charges for Prepayment in Bangiya Gramin Vikash Bank Car Loan?

There are NO charges for Prepayment in  Gramin Bank Car Loan.

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

Top-up Loan on Existing Bangiya Gramin Vikash 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 Bangiya Gramin Vikash  Bank?

A guarantor is not needed to avail of a Car Loan from Bangiya Gramin Vikash Bank.

✅How to get Bangiya Gramin Vikash Bank Car Loan Statement?

Bangiya Gramin Vikash  Bank Car Loan Statement is readily available on the Bank’s website and can be availed by providing the Loan Details.

✅How to Pay Bangiya Gramin Vikash Bank Car Loan Interest Online?

Pay Tripura Gramin Bank Car Loan Interest Online through Bank’s Payment gateways using your Net Banking.

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

Bank has the right to seize the vehicle or charge a nominal penalty for not paying Bangiya Gramin Vikash Bank Car Loan EMI for 3 Months.

✅How can I apply for EMI Moratorium on Bangiya Gramin Vikash Bank Car Loan?

EMI Moratorium on Bangiya Gramin Vikash Bank Car Loan can be requested directly with the Bank.

✅What is the number for Bangiya Gramin Vikash Bank Car Loan agent?

9878981166 is the number for Bangiya Gramin Vikash most valuable Car Loan Agent, i.e. Dialabank.

✅Can I close Bangiya Gramin Vikash Bank Car Loan online?

Bangiya Gramin Vikash bank car Loan cannot be closed online; an Applicant has to reach the branch for the closure process.

✅What is Bangiya Gramin Vikash Bank Car Loan Customer Care Number?

9878981166 is the number for all the queries related to Bangiya Gramin Vikash Bank Car Loan.

✅How can I get NOC from Bangiya Gramin Vikash Bank for a Car Loan?

NOC from Bangiya Gramin Vikash Bank for a Car Loan can be availed after completing the foreclosure process.

✅ What is the Tripura Gramin Bank Car Loan closure procedure?

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

✅ What are the Bangiya Gramin Vikash Bank Car Loan preclosure charges?

Bangiya Gramin Vikash Bank’s preclosure charges are zero.

✅ What is the Bangiya Gramin Vikash Bank Car Loan maximum tenure?

The Bangiya Gramin Vikash Bank’s maximum tenure is 7 years.

✅ What is the Bangiya Gramin Vikash Bank Car Loan minimum tenure?

The Bangiya Gramin Vikash Bank Car Loan minimum tenure is 1 year.

 

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