Car Loan Ashta

Best Banks for Car Loan in Ashta

Feature	HDFC Bank	Private Bank	Kotak Mahindra Bank
Interest Rate (p.a.)	7.35 - 7.95%	8.5 - 9.5 %	11%
Min Loan Amt	Metro : 1 Lac & Non Metro: 75000	75000	75000
Max Loan Amt	1 Cr	1 Cr	1 Cr
Loan Tenure	Upto 7 Years	Upto 5 Years	Upto 5 Years
Processing Fee	1999 - 4999 + Tax	0.25% to 1.50%	0.25% to 1.50%
Preclosure Chgs	2%, Nil after 24 months	2%, Nil after 36 months	Nil
Loan to Value (LTV)	Upto 100% on Ex- showroom	Upto 95% on Ex- showroom	Upto 90% on Ex- showroom

Car Loan Ashta Features

⍟ Loan Approval in 30 Minutes
⍟ Lowest Rate of Interest
⍟ Up to 100% on Road Loan
⍟ Minimum Documentation
⍟ Paperless Process
⍟ Flexible Repayment
⍟ Zero Foreclosure
⍟ 24 x 7 Online Payment Facility
⍟ No Hidden Charges

Car Loan Ashta

Car Loan Ashta Eligibility Criteria

The car loan eligibility requirements are as follows in Ashta:

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

Car Loan Ashta EMI Calculator

Car Loan Ashta Fees & Charges

Charges	New Car Loan	Used Car Loan
Interest Rate	7.35% per annum	11.80% p.a. to 13.80% p.a.
Car loan Processing fees	0.5%	0.5%
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

Car Loan Ashta Fees and Charges : Leading Banks – Apr 09 2025

Bank	Processing Fee	Prepayment Charges
HDFC Bank Car Loan	(1999 - 4999) + Tax	2%, Nil foreclosure charges after 24 months
Axis Bank Car Loan	1 % to 2.50%	Nil
Private Bank Car Loan	0.25% to 1.50%	2%, Nil foreclosure charges after 36 months
SBI Car Loan	500/- to 0.50%	Nil
Kotak Car Loan	1% to 2%	2.25% of fore closure amount if closed 1 month ahead of the tenure.
IIFL Car Loan	Nil	Nil
Muthoot Car Loan	Nil	Nil
Manappauram Car Loan	Nil	Nil
PNB Car Loan	0.70% to 1%	Nil
Canara Bank Car Loan	0.01	Nil
Andhra Bank Car Loan	Nil	Nil

To check Car Loan Interest Rate for all major banks you can visit: Car Loan Interest Rates

Car Loan Ashta Documents Required

The essential documents required to get a car loan approved in Ashta are as follows:

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.

How to Get the Best Car Loan Interest Rates in Ashta

Choose a short repayment term – Short-term loans frequently have lower interest rates than longer-term loans. Therefore borrowers who wish to save money should choose short-term loans.
Research and compare the perks offered by different lenders – Borrowers should always investigate and compare the advantages provided by various lenders. This can assist consumers in determining which lenders provide the most excellent interest rates and hence which lender to choose for the loan.
Maintain a modest debt-to-income ratio – The debt-to-income ratio calculates how much of a borrower’s income goes toward repaying an older loan, and it’s something that lenders commonly consider when setting interest rates. Borrowers with a lower debt-to-income ratio have a greater chance of receiving a car loan with a lower interest rate.
Maintain a good credit score — If you have a good credit score, lenders would gladly offer you a car loan with cheaper interest rates. Lenders require a credit score of 750 or above.

How to Apply for a Car Loan in Ashta?

Availing of a car loan in Ashta is an easy process with Dialabank. Just follow some steps to avail the best offers conveniently!

Please visit our website.
Select the option for a car loan from the menu.
Fill in the facts about the vehicle and your earnings.
Please wait for our relationship manager to contact you at the phone number you provided
You may also contact our relationship managers on the number 9878981166 if any queries regarding the loan.

Which Bank in Ashta Offers the Best Car Loans?

Large and reputable lenders such as HDFC, Private, and SBI offer various vehicle loan options. The most ok lender will be able to supply you with the loan amount you require at the lowest possible interest rate and deliver the funds as quickly as possible. Before applying for a vehicle loan that matches all of your requirements, you should constantly evaluate vehicle loans from various providers.

Car Loan for Major Car Manufacturers in Ashta

TABLE WILL APPEAR

Processing Fees & Prepayment Charges on Car Loan Ashta

Category	Details
Processing Charges	1999 - 4999 + Tax
Prepayment	No prepayment is allowed until 12 EMIs are paid
Preclosure	No foreclosure is allowed until 12 EMIs are paid
Prepayment Charges	13-24 months: 2% of loan principal outstanding
Prepayment Charges	>36 months: Nil Charges
Stamp Duty	As per state laws
Cheque Bounce Chgs	₹ 550/chq + GST
Floating Rate of Interest	Not Applicable
Overdue EMI Interest	2% p.m.(on overdue amount)
Amortisation Schedule Chgs	Rs 200 + GST

CIBIL Score Required for Car Loan in Ashta

Your CIBIL score, which is based on your payback history, determines your ability to repay your loans. A higher credit score indicates a positive credit history, which facilitates the processing of your application. Most banks and NBFCs consider a credit score of 750 or higher acceptable for approving your loan application. CIBIL score is essential because if it is lower than the required value, you will be required to pay a high rate interest rate on your loan amount.

Car Loan Ashta Contact Number

In case of any queries regarding a car loan in Ashta, you may contact us on the number 9878981166 for trustworthy assistance.

Pre Calculated EMI Table for Car Loan Ashta

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

About Ashta

Ashta is a town and municipal council in the state of Maharashtra. Ashta is located in the Sangli district.

Car Loan Banks in Ashta

Bank Name	Bank Address	IFSC Code
APNA SAHAKARI BANK LIMITED	BHAWKI ROAD, AT POST ASHTA, DIST.-SANGLI-416301	ASBL0000022
CENTRAL BANK OF INDIA	IN FRONT OF BLOCK OFFICE, ALIPUR ASHTA, DIST SEHORE M P-466116	CBIN0284716
CANARA BANK	CANARA BANK, VILASRAO SHINDE SHOPPING COMPLEX ASHTA MUNICIPAL COUNCIL ASHTHA, TALUK WALVA DIST SANGLI PIN 416301	CNRB0003777
CANARA BANK	SHASTRI NAGAR, NEAR PETROL PUMP, KANNOD ROAD, ASHTA-466116, SEHORE DIST	CNRB0004729
HDFC BANK	GOSWAMI MARKET, WARD NO.6 KANNOD ROAD ASHTA ASHTA 466116	HDFC0001945
IDBI BANK	NEELGANGAGANDHI CHOWKAT & POST ASHTA, TAL WALWA,SANGLI416301	IBKL0000481
IDBI BANK	WARD NO 16, KANNOD ROAD ASHTA	IBKL0001871
IDBI BANK	AT AND POST-ASTHA, KAPAD PETH, TAL WALWA	IBKL0116APC
Private BANK LIMITED	Private BANK LTD., GROUND FLOOR, WARD NO.14, NEAR SBI, KANNOD ROAD, ASHTA.(MP)-466116	ICIC0001714
INDIAN BANK	3851 MUKATI COLONY KANNOD ROAD ASHTA 466116	IDIB000B071
INDUSIND BANK	GROUND FLOOR, GOSWAMI MARKET, KANNOD ROAD DIST-SEHORE, ASHTA – 466116 MADHYA PRADESH.	INDB0000317
LAXMI VILAS BANK	KANNOD ROAD,OPP TO MUKATI PETROL BUNK	LAVB0000132
BANK OF MAHARASHTRA	ASHTA, DIST SANGLI	MAHB0000231
BANK OF MAHARASHTRA	ASTHA TEHSIL-ASTHA VIA BARGHAT DIST-SEONI 480667	MAHB0000800
RAJARAMBAPU SAHAKARI BANK LIMITED	AP.ASHTA,NEAR ASHTALING NAGARI PATHSANSTHA,ASHTA,TAL WALWA,DIST SANGLI 416301	RRBP0000012
STATE BANK OF INDIA	POASHTAHARINARAYAN,	SBIN0009332
STATE BANK OF INDIA	KALYAN BHAWAN,NEAR JAIN DADAWADI KANNOD ROAD	SBIN0030498
SYNDICATE BANK	WARD NO 16 NEAR SHIVALAYA HOSPITAL ASHTA DIST SEHORE SEHORE MADHYA PRADESH INDIA 466116	SYNB0007897
UCO BANK	HOUSE NO 615 & 6151 SHASTRI COLONY, KANNAD ROAD, ASHTA DIST. SEHORE MADHYA PRADESH 466116	UCBA0002439
AXIS BANK	AXIS BANK LTD,GR FLR,BULD NO 33,KHASRA NO 422 1,WARD NO 16,KANNOD ROAD,ASHTA,DIST SEHORE,M.P.466116	UTIB0003837

FAQ’s About Ashta Car Loan

✅ What are my alternatives for repaying my auto loan?

Three choices for repaying your loans are Standing Instructions, Electronic Clearing Service, and Post-Dated Cheques.

✅ Is it necessary to have a guarantor for a car loan?

Most lenders will not require a guarantor in most cases. However, if your income is below the statutory minimum, lenders may demand you to provide a guarantee or co-applicant to ensure that you can repay the loan.