Car Loan Porvorim

Best Banks for Car Loan in Porvorim

Car Loan Porvorim 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

Have you grown weary of riding a two-wheeler and now require a four-wheeler? If you don’t have time to visit other banks and examine interest rates, documents, and other factors, We will give you all the necessary information promptly and answer any questions you may have. So, apply with Dialabank and make use of the greatest services available.

Car Loan Porvorim Eligibility Criteria

The car loan eligibility requirements are as follows in Porvorim:

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 Porvorim EMI Calculator

Car Loan Porvorim 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 Porvorim Fees and Charges : Leading Banks – Apr 08 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 Porvorim Documents Required

The documents required for applying for a car loan in Porvorim are: –

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 Porvorim

Maintain a low debt-to-income ratio — This ratio determines how much of the borrower’s income is spent on loan repayment; if this measure is fairly low, the chances of obtaining a new loan approved improve.
Maintain a solid credit score — The essential aspect considered when granting a car loan application is the borrower’s CIBIL score. Lenders often prefer borrowers with a credit score of at least 750.
Choose a loan with a shorter repayment term – Loans with longer repayment terms typically attract more borrowers because they believe they can pay it off in smaller payments over a longer period of time. Unfortunately, customers frequently choose long-term loans and wind up paying significantly more in interest because of this misperception.
Investigate and contrast the benefits provided by various lenders. Borrowers who are wise and financially responsible must analyse a wide range of plans offered by numerous lenders to get the one that best meets their individual set of needs.

How to Apply for a Car Loan in Porvorim?

Applying for a vehicle loan in Porvorim is a simple procedure with DialaBank; follow the steps outlined below to take advantage of the finest deals in your area: –

Dialabank is our web portal.
Select the auto loan option from the website.
Fill up the relevant fields with information about the type of vehicle and your annual income.
Our relationship manager will contact you shortly.
If you have any questions about the loan, please call us at 9878981166.

Which Bank in Porvorim Offers the Best Car Loans?

Car loan providers in Porvorim, such as SBI and Muthoot, offer loans with meagre interest rates and various payback terms. Going through all of these plans on your own can be a difficult chore, but Dialabank representatives can assist you with this phase. When one of our representatives contacts you, they will lead you through the full loan application procedure and assist you in preparing the necessary papers for the application process.

Car Loan for Major Car Manufacturers in Porvorim

TABLE WILL APPEAR

Processing Fees / Prepayment Charges on Car Loan Porvorim

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 Porvorim

A loan seeker’s CIBIL Score is one of the most important factors a lender examines before issuing a vehicle loan. To execute a vehicle loan application, all major lending companies need the borrower to have a credit score between 750 and 900. A CIBIL score in this range indicates that the applicant has successfully paid off his prior loans and credit card payments on schedule. Lenders will sometimes offer loans to those with poor CIBIL ratings, but they will charge a higher interest rate.

Car Loan Porvorim Contact Number

In case of any queries regarding the auto loan in Porvorim, feel free to contact us on 9878981166 for any assistance.

Pre Calculated EMI Table for Car Loan Porvorim

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 Porvorim

Porvorim is the de-facto legislative and executive capital for the state of Goa. It houses Goa’s biggest mall, situated on the Goa-Mumbai highway.

Car Loan Banks In Porvorim

Bank Name	Bank Address	IFSC code
DENA BANK	7 AND 8,NOVO CIDADE COMPLEX,PORVORIM,BARDEZ,GOA,PIN 403521	BKDN0471680
CORPORATION BANK	PLOT NO.405 AMBIRNA, NEAR OUR LADY OF SOCORRO CHURCH, PO PORVORIM GOA 403501	CORP0002048
FEDERAL BANK	GROUND FLOOR, COSTA COSME NUCLEUS NH17, OPPOSITE TO HOLY FAMILY CHURCH, BARDEZ	FDRL0001830
HDFC BANK	DEV DEEP BUILDING NEAR WATER TANK, NATIONAL HIGHWAY 17PORVORIM,BARDEZGOA403501	HDFC0000315
HDFC BANK	B. B. BORKAR ROAD, ALTO- PORVORIM GOA. 403 521.	HDFC0CMBG24
INDUSIND BANK	SHOP NO 107( GF2), SALSONS TRADE CENTRE, OPP. TATA MOTORS, NEAR OCOQUIERO JUNCTION, NH-17,PANAJI-MAPUSA ROAD, PORVORIM, BARDEZ, GOA- 403 512	INDB0000386
KOTAK MAHINDRA BANK LIMITED	GR FLR 5 AKSHAY NEAR DR CHODANKAR HOSPITAL ALTO PORVORIM MAPUSA PANJIM RD PILERNE GOA PIN 403521	KKBK0002497
PUNJAB AND MAHARSHTRA COOPERATIVE BANK	SOCOILEM GALUEM	PMCB0000294
RBL Bank Limited	THE RATNAKAR BANK LTD,HOUSE NO. 456, NEAR CHODANKAR NURSIGN HOME, ALTO PORVORIM, BARDEZ, GOAD 403521.	RATN0000137
SARASWAT COOPERATIVE BANK LIMITED	SHOP NO. 1 & 1A, COSME COSTAS NUCLEUS, N.H. 17, PORVORIM, BARDEZ, GOA – 403 521.	SRCB0000337
AXIS BANK	SHOP NO GF1 106 SOLSONS TRADE CENTRE OPP TATA MOTORS PORVORIM GOA	UTIB0003286