Allahabad UP Gramin Bank Car Loan Key Features – 2021
| Allahabad UP Gramin Bank Car Loan Interest Rate | 7.35% per annum |
| Min Loan Amount | ₹ 1,00,000 |
| Max Loan Amount | 100% of Ex-showroom Price |
| (Loan to Value) | |
| 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 Allahabad UP Gramin Bank Car Loan
Allahabad UP Gramin Bank is a territorial country bank (RRB) in Uttar Pradesh, India. … It was made under Gazette Notification of 2 March 2010 given by the Indian Ministry of Finance under Sub-Section (1) of Section 23 An of the Regional Rural Bank Act, 1976 (21 of 1976). The bank is settled in Banda.
Advantages of Allahabad UP Gramin Bank Car Loan
Allahabad UP Gramin 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 | |
Allahabad UP Gramin 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 |
Allahabad UP Gramin Bank Car Loan Documents Required
Salaried Individual
| Category | Documents Required |
| Identity Proof | Voter ID |
| Aadhar Card | |
| Passport | |
| (Any 1) | |
| Address Proof | Driving Licence |
| Passport | |
| Electricity Bill | |
| (Any 1) | |
| Date of Birth Proof | Birth Certificate |
| Passport | |
| Driving Licence | |
| PAN | |
| (Any 1) | |
| Signature Proof | PAN Card |
| Bankers Verification | |
| Passport | |
| (Any 1) | |
| 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 (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 |
Allahabad UP Gramin Car Loan EMI Calculator
Check your EMIs even before applying for the loan by following this:
Allahabad UP Gramin Bank Car Loan Types
Allahabad UP Gramin 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 total 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 competent resource supports by keeping the car regarding the protection.
How to Apply for Allahabad UP Gramin 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 Allahabad UP Gramin Bank Car Loan
✅ What is Allahabad UP Gramin Bank Car Loan?
Allahabad UP Gramin Bank Car Loan is a secured loan provided to applicants looking to allocate funds for buying a new or used car.
✅ How can I get a Car Loan from Allahabad UP Gramin Bank?
Allahabad UP Gramin Car Loan can be availed by applying directly through Dialabank or reaching out to the nearest branch of the Bank.
✅ How does Allahabad UP Gramin Bank Car Loan work?
Working on Allahabad UP Gramin 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 Allahabad UP Gramin Bank?
Car Loan Interest Rate in Allahabad UP Gramin Bank is as low as
7.35% per annum
.✅ How to Check Car Loan status in Allahabad UP Gramin Bank?
Check car Loan status in Allahabad UP Gramin 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 Allahabad UP Gramin Bank?
Calculate Car Loan Interest in Allahabad UP Gramin 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 Allahabad UP Gramin Bank?
Car Loans from Allahabad UP Gramin Bank can avail you of up to 100% of the ex-showroom price of the vehicle.
✅ What is the loan tenure of the Allahabad UP Gramin Bank Car Loan?
Allahabad UP Gramin Bank Car Loan Tenure range between 12 to 84 months.
✅ Can I get a 100% Car Loan from Allahabad UP Gramin Bank?
Yes, a 100% car loan from Allahabad UP Gramin Bank can be provided on the car’s Ex-showroom price.
✅ How much Processing Fee is applicable on Allahabad UP Gramin Bank Car Loan?
Processing Fees of 0.50% or a minimum of Rs.1500 is applicable on Allahabad UP Gramin Bank Car Loan.
✅ What are the EMI options available on Allahabad UP Gramin Bank Car Loan?
EMI options of Step-up EMI and Balloon EMI are available with Allahabad UP Gramin Bank Car Loan.
✅ What are the charges for Prepayment in Allahabad UP Gramin Bank Car Loan?
There are NO charges for Prepayment in Allahabad UP Gramin Bank Car Loan.
✅ Can I get a top-up loan on my existing Allahabad UP Gramin Bank Car Loan?
Top-up Loan on Existing Allahabad UP Gramin 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 Allahabad UP Gramin Bank?
A guarantor is not needed to avail of a Car Loan from Allahabad UP Gramin Bank.
✅ How to get Allahabad UP Gramin Bank Car Loan Statement?
Allahabad UP Gramin Bank Car Loan Statement is readily available on the Bank’s website and can be availed by providing the Loan Details.
✅ How to Pay Allahabad UP Gramin Bank Car Loan Interest Online?
Pay Allahabad UP Gramin Bank Car Loan Interest Online through Bank’s Payment gateways using your Net Banking.
✅ What if I can’t pay the interest on Allahabad UP Gramin Bank Car Loan for 3 months?
Bank has the right to seize the vehicle or charge a nominal penalty for not paying Allahabad UP Gramin Bank Car Loan EMI for 3 Months.
✅ How can I apply for EMI Moratorium on Allahabad UP Gramin Bank Car Loan?
EMI Moratorium on Allahabad UP Gramin Bank Car Loan can be requested directly with the Bank.
✅ What is the number for Allahabad UP Gramin Car Loan agent?
9878981166 is the number for Allahabad UP Gramin’s most valuable Car Loan Agent, i.e. Dialabank.
✅ Can I close Allahabad UP Gramin Bank Car Loan online?
Allahabad UP Gramin bank car Loan cannot be closed online; an Applicant has to reach the branch for the closure process.
✅ What is Allahabad UP Gramin Bank Car Loan Customer Care Number?
9878981166 is the number for all the queries related to Allahabad UP Gramin Bank Car Loan.
✅ How can I get NOC from Allahabad UP Gramin Bank for a Car Loan?
NOC from Allahabad UP Gramin for a Car Loan can be availed after completing the foreclosure process.
✅ What is the Allahabad UP Gramin Bank Car Loan closure procedure?
- Just go to the bank with the documents.
- Write a letter for pre-closure of the Allahabad UP Gramin Bank Car Loan account.
- Pay the pre-closure charges as per Allahabad UP Gramin Bank Car Loan.
✅ What are the Allahabad UP Gramin Bank Car Loan pre-closure charges?
Allahabad UP Gramin Bank’s pre-closure charges are zero.
✅ What is the Allahabad UP Gramin Bank Car Loan maximum tenure?
The Allahabad UP Gramin maximum tenure is 7 years.
✅ What is the Allahabad UP Gramin Bank Car Loan minimum tenure?
The Allahabad UP Gramin Bank Car Loan minimum tenure is 1 year.
