Barclays Finance Car Loan Key Features – Jan 17 2025
| Barclays Finance 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 Barclays Finance Car Loan
Barclays Finance is a British multinational investment bank and financial services company headquartered in London, England. Apart from investment banking, Barclays is organised into four core businesses: personal banking, corporate banking, wealth management, and investment management.
Advantages of Barclays Finance Car Loan
Barclays Finance 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 |
Barclays Finance 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 | 0.40% of the principal amount | 1% of the loan amount or Rs.6,000, whichever is lower |
| Issuance of Duplicate Repayment Schedule Charges | Rs.500 per instance | Rs.500 per instance |
| 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 | Rs.500 per instance | Rs.500 per instance |
| Documentation Charge | Rs.500 per instance | Rs.500 per instance |
| Issuance of Duplicate No Dues Certificate Charges | Rs.500 per instance | Rs.500 per instance |
| Registration Certification Collection Charge | Rs.200 per instance | Rs.200 per instance |
| Cheque Bounce/Instrument Return Charges | Rs.500 per instance | Rs.500 per instance |
| Issuance of Duplicate Statement Charges | Rs.500 per instance | Rs.500 per instance |
| Loan Cancellation/Re-booking Charges | Rs.2,500 per instance | Rs.2,500 per instance |
| Issuance of Credit Report | Rs.50 per instance | Rs.50 per instance |
Barclays Finance Car Loan Documents Required
| 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 |
Salaried Individual
| 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 |
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 |
| Bank Statement | Bank statement of last three months |
| 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:
| 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 | Salaried Individual |
| Income Proof | Self-Employed Individuals |
| Bank Statement | Self-Employed Non-Individuals (Company/Partnership) |
| Employment Continuity Proof | Priority Customers |
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. |
Barclays Finance Car Loan EMI Calculator
Check your EMIs even before applying for the loan by following this: Car Loan EMI Calculator.
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
Barclays Finance Car Loan Types
Sarva UP Gramin 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.
- Utilised Car Loan – Take a Used Car Loan for purchasing any recycled vehicle with complete 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 Barclays Finance 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 Barclays Finance Car Loan
✅ What is Barclays Finance Car Loan?
Barclays Finance 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 Barclays Finance?
Barclays Finance Car Loan can be availed by applying directly through Dialabank or reaching out to the nearest branch of the Bank.
✅ How does Barclays Finance Car Loan work?
Working on Barclays Finance 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 Barclays Finance?
Car Loan Interest Rate in Barclays Finance is as low as 7.50% per annum.
✅ How to Check Car Loan status in Barclays Finance?
Check car Loan status in Barclays Finance 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 Barclays Finance?
Calculate Car Loan Interest in Barclays Finance 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 Barclays Finance?
Car Loans from Barclays Finance Bank can avail you of up to 100% amount of the ex-showroom price of the vehicle.
✅ What is the loan tenure of Barclays Finance Bank Car Loan?
Barclays Finance Bank Car Loan Tenure range between 12 to 84 months.
✅ Can I get a 100% Car Loan from Barclays Finance Bank?
Yes, a 100% car loan from Barclays Finance Bank can be provided on the Ex-showroom price of the car.
✅ How much Processing Fee is applicable on Barclays Finance Car Loan?
Processing Fees of 0.50% or a minimum of Rs.1500 is applicable on Barclays Finance Car Loan.
✅ What are the EMI options available on Barclays Finance Bank Car Loan?
EMI options of Step-up EMI and Balloon EMI are available with Barclays Finance Car Loan.
✅ What are the charges for Prepayment in Barclays Finance Car Loan?
There are NO charges for Prepayment in Barclays Finance Car Loan.
✅ Can I get a top-up loan on my existing Barclays Finance Car Loan?
Top-up Loan on Existing Barclays Finance Car Loan can only be availed under particular circumstances.
✅ Do I need to provide a guarantor to avail myself of a Car Loan from Barclays Finance?
A guarantor is not needed to avail of a Car Loan from Barclays Finance.
✅ How to get Barclays Finance Car Loan Statement?
Barclays Finance Car Loan Statement is readily available on the Bank’s website and can be availed by providing the Loan Details.
✅ How to Pay Barclays Finance Car Loan Interest Online?
Pay Barclays Finance Car Loan Interest Online through Bank’s Payment gateways using your Net Banking.
✅ What if I can’t pay the interest on Barclays Finance Car Loan for 3 months?
Bank has the right to seize the vehicle or charge a nominal penalty for not paying Barclays Finance Car Loan EMI for 3 Months.
✅ How can I apply for EMI Moratorium on Barclays Finance Bank Car Loan?
EMI Moratorium on Barclays Finance Car Loan can be requested directly with the Bank.
✅ What is the number for Barclays Finance Car Loan agent?
9878981166 is the number for Barclays Finance’s most valuable Car Loan Agent, i.e. Dialabank.
✅ Can I close Barclays Finance Car Loan online?
Barclays Finance bank car Loan cannot be closed online; an Applicant has to reach the branch for the closure process.
✅ What is Barclays Finance Car Loan Customer Care Number?
9878981166 is the number for all the queries related to Barclays Finance Car Loan.
✅ How can I get NOC from Barclays Finance for a Car Loan?
NOC from Barclays Finance for a Car Loan can be availed after completing the foreclosure process.
✅ What is the Barclays Finance Car Loan closure procedure?
- Just go to the bank with the documents.
- Write a letter for pre-closure of the Barclays Finance Car Loan account.
- Pay the pre-closure charges as per Barclays Finance Car Loan.
✅ What are the Barclays Finance Car Loan preclosure charges?
Barclays Finance Bank’s preclosure charges are zero.
✅ What is the Barclays Finance Car Loan maximum tenure?
Barclays Finance maximum tenure is 7 years.
✅ What is the Barclays Finance Car Loan minimum tenure?
The Barclays Finance Car Loan minimum tenure is 1 year.
