Best Banks for Car Loan in Ziro
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 Ziro Features
A vehicle loan is a financial assistance offered by banks and non-bank financial institutions to help you realise your goal of owning an automobile. They offer the required money to purchase an automobile, which might be based on the car’s Ex-Showroom Price or On-Road Price. A vehicle loan is a secured loan with flexible payback terms. The loan amount is given with interest costs that vary per bank. You may purchase the car in simple payments.
⍟ 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 Ziro 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 Ziro EMI Calculator
Car Loan Ziro 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 Ziro Fees and Charges: Leading Banks – Mar 29 2024
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 Ziro 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 Ziro
- Choose a shorter repayment for a Car Loan – People believe that lengthier repayment terms are better as EMIs for such a car loan is low. However, they don’t seem aware that lenders in Ziro view lengthier payback terms as an indication of a borrower’s low repayment capabilities, so they charge higher interest in Ziro.
- Research and compare offer by different lenders – You should explore and compare the benefits offered by different lenders in Ziro. This can help you figure out the lenders in Ziro that provide the best interest rates and which lender in Ziro to choose for a car loan.
- Maintain a modest debt-to-income ratio for a Car Loan – The debt-to-income ratio in Ziro measures how much of your income goes toward other loan repayments in Ziro. Lenders in Ziro take this into account when setting interest rates. So if your debt-to-income ratio is lower, you can get a car loan in Ziro easily.
- Car Loan in Ziro Maintain a good credit score – Lenders in Ziro will be pleased to offer you a car loan with cheaper interest rates if you have a good credit score. Lenders in Ziro consider a credit score of above 750 to be reliable. Many lenders in Ziro may give auto loans to people with bad credit, but they demand a higher interest rate for Car Loan Ziro.
How to Apply for a Car Loan in Ziro?
- Search for Dialabank
- From the loan section, select auto loan, then click the car loan link.
- The applicant will be sent all of the vehicle loan information, including the chance to choose the city in which they want to live.
Which Bank in Ziro Offers the Best Car Loans?
Many banks and NBFCs, like Private, SBI and HDFC, offer vehicle loans in Ziro. However, the finest lender in Narayanpet is one that provides you with a Car Loan Ziro at a reasonable interest rate and can provide the funds as quickly as possible.
- Car Loan from HDFC
- Yes Bank Car Loan Kotak Mahindra Car Loan
- Axis Bank Car Loan Private Bank Car Loan Private Bank Car Loan
- Car Loan from State Bank of India
- Car Loan from Canara Bank
- Car Loan from Indusind Bank
Car Loan for Major Car Manufacturers in Ziro
TABLE WILL APPEAR
Processing Fees / Prepayment Charges on Car Loan Ziro
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
|
>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 Ziro
- The CIBIL of the candidate must be greater than 700.
- The loan will last anywhere from 60 to 84 months.
- Minimum credit of Rs. 1 lakh is available to the applicant. Furthermore, the amount of the top-up is twice the amount of the loan that has been paid.
- A car loan is not available to constables. People with a CIBIL score of 0 or 1 are also considered to be good customers.
- If the instalment is returned, the bank will charge you twice as much for that month.
Car Loan Ziro Contact Number
Call 9878981166 if you have any questions about Car Loan Ziro.
Pre Calculated EMI Table for Car Loan Ziro
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 Ziro
Ziro is a town in the state of Arunachal Pradesh. It is located in the district of Lower Subansiri. The valleys and hills of Ziro are well-known.
Car Loan Banks in Ziro
Bank Name | Bank Address | Bank IFSC Code |
CENTRAL BANK OF INDIA | CITY COMMERCIAL COMPLEXOPP DC OFFICE DIST LOWER SUBARNSRI, PIN-791120 | CBIN0284630 |
CANARA BANK | D P COMPLEX, OPP. ITBP, IB, P.O. & P.S. ZIRO (HIPOLI), DIST. LOWER SUBANSIRI, PIN-791120 | CNRB0004717 |
STATE BANK OF INDIA | DISTLOWER SUBANSIRI ARUNACHAL PRADESH 781120 | SBIN0001396 |
FAQ’s About Ziro Car Loan
✅ What is the best time to buy a car in Ziro?
October, November, and December are the best months to buy a car in Ziro.
✅ Should you put a down payment on a Ziro car loan?
Almost probably, you’ll get a lower interest rate. A larger down payment accelerates the process of accumulating equity and protects both you and the lender. There are various advantages to making a down payment on a vehicle. The larger the down payment, the lower your monthly payment would be—and the lender will be protected against depreciation and loss.
✅ Do you think you’ll be able to pay off a car loan?
You may be able to return a financed vehicle and cancel the agreement within a particular time window, usually three days after purchase, depending on the auto dealer. If the car has excessive miles or damage, the return policy is null and void, and the dealership will not accept the vehicle. You should be aware that your car loan will need you to pay interest.