Car Loan Kolkata

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Best Banks for Car Loan in Kolkata

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 Kolkata Features

Purchasing a car from your own pocket is a difficult task for the single earner of the family, but there is a saying if all of the doors are shut there is always a ray of hope. Thus, Car Financing is the best way to attain cash in a short span of time. It is a better way to arrange funds to purchase the dream car with ease.

Features include:

Easy monthly repayment options
Instantly available
Loan Tenure period varies from 1-7 years
Affordable interest Rates
No hidden charges
Quick approval with minimum documentation

Why Dialabank?

We let you sit at the comfort of your home and provide you with the loan without any hassle.
We have tie-ups with top Banks and NBFCs of the country to provide you with the best in class service.
We offer you the lowest rate of interest in the market.
We Charge no money from our customers for the services that we provide.
Our team of experts and Relationship managers helps you in every step of the journey to acquire a loan.

Car Loan Kolkata Interest Rate

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

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Car Loan Kolkata Documents Required

Documents required for car loan are as followed:

Address Proof: Ration card / Driving license / Voters card / Passport Copy / Telephone Bill / Electricity Bill / Life Insurance Policy /PAN Card
Bank Statement: Last 6 months.
Identity Proof: Passport copy, PAN Card, Voters ID card, Driving License
Income Proof: For Salaried– Latest 3-month salary slip with form 16

Car Loan Kolkata Eligibility Criteria

Car loan eligibility criteria differ for the salaried and self-employed in the following manner:

SALARIED INDIVIDUALS

Minimum age: 21 years
Maximum age at loan maturity: 65 years
Minimum employment: 1 year in current employment and a minimum of 2 years of employment.
Least Annual Income: Rs 100000 net yearly pay.

SELF-EMPLOYED INDIVIDUALS

Minimum age: 30 years
Maximum age at loan maturity: 65 years
Minimum employment: At least 2 years in business
Minimum Annual Income: Net profit Rs. 60,000 Per Annum for standard cars and Rs.1,00,000 Per Annum for mid-sized and premium cars

How to Apply for Car Loan in Kolkata?

Applying for a car loan is easy with DialaBank. Just visit our website at dialabank and follow these steps:

Click on the car loan option from the options available.
Fill in the required details in the form as required, like name, income, etc.
Submit the form and wait for our experts to evaluate your application.
You will be contacted by our car loan customer Relationship manager on your number provided who will guide you through the further process.

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Car Loan for Major Car Manufacturers in Kolkata

TABLE WILL APPEAR

Processing Fees & Prepayment Charges on Car Loan Kolkata

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 Kolkata

CIBIL score reflects your credit history in the past as well as your defaults in repayment of your previous loans. A good credit score is considered as 750 and above as most of the financial institutions ask for a high credit score. Every bank and NBFC has different criteria for a minimum CIBIL score they require to process your loan. A Lower CIBIL score than 750 can attract a higher rate of interest.

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Car Loan Kolkata Contact Number

For any car loan queries and for any support, call us on 9878981166

Pre Calculated EMI Table for Car Loan Kolkata

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 Kolkata

Kolkata (earlier Calcutta) is the capital of India’s West Bengal state. Established as an East India Company general store, it was India’s capital under the British Raj from 1773–1911. Today it’s known for its fabulous provincial engineering, craftsmanship exhibitions, and social celebrations. It’s likewise home to Mother House, the central station of the Missionaries of Charity, established by Mother Teresa, whose burial chamber is nearby.

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