Car Loan Bilha

Best Banks for Car Loan in Bilha

Car Loan Bilha 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

Would you like to own your own automobile in a dream? Don’t have any money, however? The financial services of Dialabank enable clients to assess, analyse and select the best available loan. Just apply with Dialabank for the car loan. You obtain a reasonable interest rate if your CIBIL is good and also a high loan payback duration.

All banks and NBFCs have car loans ready. The loan for the exhibition price may be obtained and also a loan for the on-road price can be obtained, if necessary.

Car Loan Bilha

Car Loan Bilha Eligibility Criteria

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 Bilha EMI Calculator

Car Loan Bilha 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 Bilha Fees and Charges: Leading Banks – Apr 28 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 Bilha Documents Required

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 Bilha

The interest rates on vehicles lending given in Bilha by various lenders may vary, but all are reasonable and competitive. If you want the lowest interest rate in Bilha for a car loan, take the following steps:

Choose a shorter pay-back period – lenders see longer payback terms as reflecting the low pay-back capacity of a borrower, therefore charging higher interest rates. Therefore, consider a shorter payment time if you want to save money on your car loan.
Research and compare the benefits supplied by various donors – You have to seek and evaluate the advantages provided by other lenders if you want the best deal with a car loan. This can allow you to choose which lenders offer the lowest interest rates and the minimal costs to pick from.
Maintain a small ratio between debt and revenue – The debt-to-income ratio shows how much of the applicant’s income goes towards reimbursement of the loan. It is essential because creditors use it to establish their interest rates. Therefore, decrease your debt-to-income ratio and increase your probability of a low-interest car loan.
Keep your credit score well — with solid credit, lenders will provide you with an affordable car loan. Lenders think that a loan score of more than 750 is solid. Many lenders may provide car loans to negative credit individuals, however in such a situation the tax rate is greater. With the “Free Credit Score” service at Dialabank, you may periodically check your credit ratings to ensure that you get decent credit.

How to Apply for Car Loan in Bilha?

Dialabank Visit
Go to Loan and pick a car loan and a car loan link. Go to the Loan section.
Provide all your details, your phone number included.
You will be called by our specialists and guided further by them.
If you have any questions about your loan, you can also contact our contact managers at 9878981166.

Which Bank in Bilha Offers the Best Car Loans?

In Bilha there is offering car loans to several large banks and NBFC, including HDFC, Private and SBI. The best lender is one that can provide you with the loan at a fair rate and deliver the cash as fast as possible. Therefore, comparing car loans from several lenders before applying for a loan that matches your demands like interest rates is usually a smart idea.

Car Loan for Major Car Manufacturers in Bilha

TABLE WILL APPEAR

Processing Fees / Prepayment Charges on Car Loan Bilha

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 Bilha

In order to reduce client loan risk, each financial institution has its own requirements for the CIBIL score necessary for the Bilha Car Loan application. In order to complete a loan application, most lenders need a minimum score of 750 or higher CIBIL. The strong CIBIL score also assists loans to a lower interest rate.

Car Loan Bilha Contact Number

By calling number 9878981166 you may simply obtain a Car Loan Bilha from Dialabank.

Pre Calculated EMI Table for Car Loan Bilha

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 Bilha

Bilha is a city in Bilaspur district in the state of Chhattisgarh, India. Bilha had a population of 8992 as estimated in the 2001 India census.

Car Loan Banks in Bilha

Bank Name	Bank Address	Bank IFSC Code
CENTRAL BANK OF INDIA	P.O. BILHA, DIST.-BILASPUR (C.G.), DIST-BILASPUR, CHHATTISGARH-495224.	CBIN0280793
CENTRAL BANK OF INDIA	GRAM PANCHYAT BHAVAN VILLAGE SEWAR TEHSIL BILHA BILASPUR CHHATTISGARH	CBIN0282798
HDFC BANK	HDFC BANK LTDWARD NO3 AGRASEN CHOWK BILHA BILASPUR CHHATTISGARH495224	HDFC0004352
STATE BANK OF INDIA	BILHA,MANDI ROAD,BILHA,DISTBILASPUR495224	SBIN0012126
UNION BANK OF INDIA	AT BILHA, POST AMAHINOTA,BHERAGAHAT ROAD, DIST.JABALPUR,MADHYA PRADESH, PIN – 482 004.	UBIN0541273

FAQ’s About Bilha

✅ Can I apply for a Car Loan for a secondhand car?

Yes, many banks allow the facility to avail Loans for pre-used cars. A used car will be less than 3 years old ideally. But Loans on a pre-used car are unsecured. So though it is cheaper to get Loans on them and the cost is relatively low, they can be harder to finance.

✅ What is the maximum loan amount I can avail of from a Car Loan?

Most banks and lenders offer up to 80-90% of the on-road price of the vehicles. And some banks offer Loans up to 100% on the ex-showroom price of the vehicle as well. But it varies from bank to bank. There are also other criteria that banks follow to decide the maximum loan amount. But it is better to make a small down payment and not avail the entire amount as a loan.

✅ What is the tenure for Car Loans?

Car Loans are secured loans that can be taken for a mid tenure ranging from 1 to 5 years. Some banks also offer Loan up to 7 years. But it is at your discretion to decide the Loan tenure. The higher the loan tenure, the lower will be the EMI amount and vice-versa.