Car Loan Prantij

Best Banks for Car Loan in Prantij

Car Loan Prantij 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 Prantij

Car Loan Prantij Eligibility Criteria

The car loan eligibility requirements are as follows in Prantij:

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 Prantij EMI Calculator

Car Loan Prantij 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 Prantij Fees and Charges : Leading Banks – Apr 26 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 Prantij Documents Required

The documents required for applying for a car loan in Prantij 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 Prantij

Choose a shorter repayment term – Long term loans usually attract lots of borrowers, as they think they can pay off smaller instalments over a longer period of time. Due to this misconception, loan seekers often choose long term loans and end up paying a lot more in the form of interest.
Research and compare the perks offered by different lenders – Smart and financially responsible borrowers always compare a huge variety of plans offered by various lenders to choose the one that best suits their specific set of needs.
Maintain a modest debt-to-income ratio – This specific ratio helps in determining how much of the loan seeker’s income is spent in the repayment of an older loan; The chances of getting a new loan approved increase if this metric is low.
Maintain a good credit score — One of the biggest factors that come into play while approving a car loan application is the CIBIL score of the borrower in question. Lenders usually prefer applicants with a credit score of at least 750.

How to Apply for a Car Loan in Prantij?

Applying for a car loan in Prantij is a pretty easy process with DialaBank, just follow the following steps written below to avail of the best offers in your locality: –

Visit our webportal Dialabank.
Click on the car loan option available on the website.
Fill up the concerned fields with details regarding the car type and your yearly income.
Our relationship manager will soon get in your touch.
You may also contact us on 9878981166 in case you have any queries regarding the loan.

Which Bank in Prantij Offers the Best Car Loans?

Car loan providers in Prantij, including the likes of HDFC and Muthoot, offer loans at really low-interest rates with a wide range of repayment tenures. It can become quite a hectic task to go through all these plans alone, but Dialabank representatives can help you complete this step. After you fill up a form, our representatives will get in your touch and walk you through the entire loan application process and help you prepare the necessary documentation ready for the application process.

Car Loan for Major Car Manufacturers in Prantij

TABLE WILL APPEAR

Processing Fees / Prepayment Charges on Car Loan Prantij

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 Prantij

A loan seeker’s CIBIL Score is one of the most essential parameters a lender takes into consideration when it comes to approving a car loan. Most of the major players in the car loan business require the borrower to maintain a score between 750 to 900 to process their application. A CIBIL score in this range portrays that the borrower has successfully paid off his previous loans and credit card bills on time. Sometimes the lenders do provide credit to individuals with low CIBIL scores, but they charge a comparatively higher interest rate from them.

Car Loan Prantij Contact Number

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

Pre Calculated EMI Table for Car Loan Prantij

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 Prantij

Prantij is town in the Indian state of Gujrat and has a population of around 22,000 people.

Car Loan Banks In Prantij

Bank Name	Bank Address	IFSC code
BANK OF BARODA	LIC OF INDIA BUILDING, APPROCH ROAD, PRANTIJ, SABARKANTHA, GUJARAT 383 205	BARB0PRATIN
DENA BANK	10,SARVODAYA SOCIETY,GR. FLOOR,APPROACH ROAD,PRANTIJ	BKDN0130331
DENA BANK	DENA BANK,GHADI,TALUKA PRANTIJ,DISTT SABARKANTHA PIN 383215	BKDN0131601
CANARA BANK	SHRIJI KRUPA COMPLEX, GROUND FLOOR , NEAR LIC OFFICE, OPP. HERO SHOWROOM , APPROCH ROAD , PRANTIJ 383205 DIST SABARKANTHA	CNRB0004532
HDFC BANK	HDFC BANK LTD.,GROUND FLOOR, NEAR GEETANJALI HOSPITAL, APPROCH ROAD, PRANTIJ, APPROCH ROAD, PRANTIJ, SABAR KANTHA GUJARAT 383205	HDFC0003048
STATE BANK OF INDIA	DIST SABAR KANTHA, GUJARAT 383205	SBIN0000458
STATE BANK OF INDIA	OPP LIC,APPROACHED ROAD,PRANTIJ,DIST SABARKANTHA383205	SBIN0060462