Bangiya Gramin Vikash Bank Car Loan Key Features – Jan 2021
| Bangiya Gramin Vikash 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 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 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 | 7.35% 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 |
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:
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.
How to Apply for Bangiya Gramin Vikash 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 ist accessible.
- All the direction and administrations all through the Car advance cycle is liberated from cost.
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
7.35% 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.
