Car Loan Cuncolim

Best Banks for Car Loan in Cuncolim

Car Loan Cuncolim 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

If you are looking for finances to buy a car, then a car loan is the right choice for you, as it provides you with immediate finances so that you can get the vehicle of your dreams.

A car loan is a financial aid offered to the customers by commercial banks and NBFCs. The banks provide the funding for purchasing the vehicle. You get the lowest interest rates with minimal documentation.

Car Loan Cuncolim

Car Loan Cuncolim Eligibility Criteria

The car loan eligibility requirements are as follows in Cuncolim:

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 Cuncolim EMI Calculator

Car Loan Cuncolim 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 Cuncolim Fees and Charges: Leading Banks – Apr 22 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 Cuncolim Documents Required

Documents required for car loan 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 Cuncolim

The interest rates on vehicle loans offered by different lenders in Cuncolim may vary, but they are all reasonable and competitive. If you want to get a car loan in Cuncolim with the lowest interest rate, follow the steps below:

Choose a shorter repayment term – Many car loan applicants believe that longer repayment terms are better because the monthly EMI (equated monthly installment) is low. They are unaware that lenders view lengthier payback terms as an indication of a borrower’s low repayment capabilities, so they charge higher interest rates. So, you should consider a short payment period if you want to save money on your car loan.
Research and compare the perks offered by different lenders – If you wish to get a good deal on an auto loan, you must first explore and compare the benefits offered by different lenders. This can help you to figure out which lenders have the best interest rates and which lender you should choose.
Maintain a modest debt-to-income ratio – The debt-to-income ratio is a measure of how much of an applicant’s income goes toward loan repayment, and lenders take this into account when setting interest rates. If your debt-to-income ratio is low, you have a better chance of getting a car loan with a lower interest rate.
Maintain a good credit score — Lenders will be happy to offer you a car loan with cheaper interest rates if you have a good credit score. A credit score of above 750 is considered to be healthy. Many lenders may give auto loans to people with bad credit but will demand a higher interest rate. Check your credit scores regularly with the Dialabank “Free Credit Score” service to guarantee that you have a good credit score. This will allow you to take remedial action to enhance your credit score if it is low, and it will enable you to approach lenders with confidence if your credit score is good.

How to Apply for a Car Loan in Cuncolim?

Availing of a car loan in Cuncolim is an easy process with Dialabank. Follow the following steps to avail of the best offers:

Visit our website Dialabank.
Click on the car loan option available in the menu
Fill in the details regarding the car type and your income
Wait as our relationship manager will soon get in touch with you on your provided number.
You may also contact our relationship managers on 9878981166 in case of any queries regarding the loan.
For availing of a car loan offline, you will have to visit the branch personally, which might turn to be hectic for you.

Which Bank in Cuncolim Offers the Best Car Loans?

Many big banks and NBFCs, including HDFC, Private, and SBI, offer vehicle loans in Cuncolim. The most suitable lender is one that can provide you with the loan amount you need at a reasonable interest rate and can distribute the funds as quickly as feasible. It is always advisable to compare vehicle loans from many lenders before applying for one that meets all of your needs, such as interest rates.

Car Loan for Major Car Manufacturers in Cuncolim

TABLE WILL APPEAR

Processing Fees / Prepayment Charges on Car Loan Cuncolim

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 Cuncolim

The CIBIL score defines your ability to pay off your credits. A higher Credit score indicates a good credit history and makes your car loan application process smooth and easy to be processed. Banks and NBFCs usually consider a credit score of 750 and above as a good score to approve your loan application process in Cuncolim.

This score may vary from bank to bank. In case of a low CIBIL score, you will be required to pay a high rate interest rate on the loan amount, while if your CIBIL score is good, then you may have to pay a low rate of interest. Thus, a CIBIL score is an important factor in a car loan.

Car Loan Cuncolim Contact Number

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

Pre Calculated EMI Table for Car Loan Cuncolim

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 Cuncolim

Cuncolim is a city in the district of South Goa in the state of Goa.

Car Loan Bank in Cuncolim

BANK OF BARODA	BAZAR, CUNCOLIM, SALCETE , GOA 403 703	BARB0CUNCOL
BANK OF INDIA	HOUSE NO.16, VIRGINIA HOUSE, NEAR CUNCOLIMCHURCH, CUNCOLIM ASSOLNA ROAD	BKID0001046
CENTRAL BANK OF INDIA	HOUSE NO. 103 B, NEAR CHURCH, VODDY, CUNCOLIM (SALCETE), GOA, DIST-SOUTH GOA, GOA-403703	CBIN0280714
CANARA BANK	I FLOOR, RAMNATH SADAN, CUNCOLIM BAZAAR, CUNCOLIM SALETE GOA 403703	CNRB0002335
CORPORATION BANK	MAIN ROAD, MURIDA CUNCOLIM 403703	CORP0000219
HDFC BANK	HDFC BANK LTD SHOP NO.4,5 AND 6, M.J.RESIDENCY, VODDY	HDFC0002178
Private BANK LIMITED	Private BANK LTD., PLOT 143, JUPLA COMPLEX, CUNCOLIM MARKET, CUNCOLIM, SALCETE GOA – 403703	ICIC0001729
INDIAN BANK	1067L9 NEAR CHURCH CUNCOLIM MARKET CUNCOLIM SALCETE GOA-403703	IDIB000C146
INDIAN OVERSEAS BANK	NO 2 DONA CANDITTA BUILDING KEDIKOTTA WADDO SAVARCOTTA CUNCOLIM SALCETE GOA 403703	IOBA0003644
STATE BANK OF INDIA	NEXT TO 3 ONE BAKERYOPP TELEPHONE EXCHANGECUNCOLIM SALCETTER GOA	SBIN0011454
AXIS BANK	GROUND FLOOR, SURVEY NO.2.1, H. NO. 10.73.A2, MARKET ROAD, CUNCOLIM 403 703, SALCETE, DIST. SOUTH GOA STATE GOA	UTIB0003840
YES BANK	NEAR CUNCOLIM UNITED HIGH SCHOOL, CUNCOLIM, SALCETE, GOA – 403703	YESB0GSCB46

FAQ’s About Cuncolim Car Loan

✅ What types of vehicles can be purchased with a Car Loan?

Car loans can be used to buy various passenger vehicles such as SUVs (Sport Utility Vehicles), MUVs (Multi Utility Vehicles), and other types of vehicles. You can also get a car loan to acquire a vehicle for business purposes. Truck, tractor, and construction equipment loans are also available from some lenders.

✅ Is it possible for me to acquire a loan on my Current Vehicle?

Yes, if you have a strong payment history with your current lender, other lenders will be okay with granting you a loan on your current vehicle.

✅ What options do I have for repaying my Auto Loan?

Standing Instruction (SI), Electronic Clearing Service (ECS), and Post-Dated Cheques are three options that you have for repaying your loan (PDCs). It is generally advised that you return your loan using the first two options because they are speedier and have a lower risk of error, which is not the case with PDCs.

✅ Is a guarantor a requirement for a Car Loan?

To get a car loan, most lenders do not ask for a guarantor. If your income falls below the required minimum, lenders may want you to offer a guarantee or co-applicant to demonstrate that you will be able to repay the loan.

✅ Where can I get an Interest Calculator for a Car Loan?

You can use the EMI calculator on the Dialabank website or the one available on the website of the lending bank. To calculate the EMIs, enter the various interest rates. The interest rate can be obtained by filling out an application for the loan, which will require you to provide some basic information such as your salary, company, and work experience, depending on which interest rates will be presented.