Car Loan Bomdila

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Car Loan Bomdila

Best Banks for Car Loan in Bomdila


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Car Loan Bomdila 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

You have come to the right site if you want a car loan in Bomdila. You can compare rates, cost of processing and tenures free of charge with Dialabank. Learn which banks offer 100 per cent funding and have the lowest interest rates for informed choice.

Car Loan Bomdila


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Car Loan Bomdila 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


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Car Loan Bomdila EMI Calculator

Car Loan Bomdila 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


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Car Loan Bomdila 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

Car Loan Bomdila 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.


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How to Get the Best Car Loan Interest Rates in Bomdila

If you want to obtain a lowest interest rate car loan in Bomdila, complete the following steps:

  • A credit rating shows the lender that your financing is less dangerous, as shown by the score, as you have paid on time in the past.
  • The amount influences your vehicle loan interest rate. Therefore, you can get a lower rate if you choose a more significant loan amount.
  • If you have an excellent payment and business history, companies may be willing to provide you with a cheap interest rate on a car loan.
  • You may be eligible for a decreased interest rate when you earn more money since higher incomes reflect stronger repayment capacity.
  • If the debt-to-income value is little, consumers will obtain a better chance at a lower price of a new mortgage.

How to Apply for a Car Loan in Bomdila?

Follow the steps below to take advantage of the greatest car loan opportunities in Bomdila:

  • Select the car loan choice from the drop-down menu, check our website. Enter the car facts and your income. Wait then for our financial advisor to contact you at your telephone number. You can call our Relation Manager at 9878981166 if you have any questions concerning the loan.
  • This can be a stressful circumstance for you to go to the branch itself.


car loan

Which Bank in Bomdila Offers the Best Car Loans?

Several major financial institutions and non-bank banks in the city provide vehicle loans. But, of course, the best lender can give you the amount of the loan you need at a fair rate and release cash as fast as possible. Therefore, comparing car loans from various lenders before applying for a loan that matches all of your criteria, such as interest rates, is always a smart idea.

Car Loan for Major Car Manufacturers in Bomdila

TABLE WILL APPEAR

Processing Fees / Prepayment Charges on Car Loan Bomdila

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


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CIBIL Score Required for Car Loan in Bomdila

The CIBIL scoring represents your past credit history and any previous credit failures. Due to the high credit value that most financial institutions seek, the respectable credit rating is 750 or above. Nevertheless, every bank and NBFC has its own minimum standards for a CIBIL loan score. Therefore, if a CIBIL score of less than 750, the interest rate may be higher.

A poor CIBIL score may lead to a rejection of your loan as it is the first item that a bank is looking into before your application.


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Car Loan Bomdila Contact Number

In case of any queries regarding the Car Loan in Bomdila, you may contact on the number 9878981166 for any assistance.


car loan

Pre Calculated EMI Table for Car Loan Bomdila

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 Bomdila

Bomdila is located in the state of Arunachal Pradesh in India, near the western part of Kameng. Bomdila is one of the states of Arunachal Pradesh’s 60 electoral districts. Bomdila has 6685 inhabitants as of 2001.


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FAQ’s About Bomdila Car Loan

✅ What is a pre-approved Car Loan?

A pre-approved Car Loan is offered to customers who already have accounts with the bank. It is only offered to existing customers whose credit history is known to the bank.

✅ How do I repay my Car Loan?

Repayment is made via post-dated cheques, standing instructions, and electronic clearing services. But the better option from these three is the latter, as they are speedier and carry a lower risk of default.

✅ Can I foreclose or prepay my Car Loan?

Absolutely! If you have extra funds lying around, then you can easily foreclose or prepay your Car Loan if your bank or lender allows you to do so. But doing this carries a fee as a penalty which ranges from 2-3%. So, you should decide wisely.