Car Loan Thoubal

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Best Banks for Car Loan in Thoubal

Feature	HDFC Bank	Private Bank	Kotak Mahindra Bank
Interest Rate	8% - 8.4 %	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 Thoubal Features

Nowadays buying your favourite vehicle is the dream of every individual, but due to the insufficient amount of money, it is difficult to own your vehicle. At last, car loan is here to solve all your problems related to the car. For buying a car, this loan is an offer which provides finance to people. Rather than spending the whole amount at once, a car loan allows a person to pay for the vehicle in installments. It requires a minimum documentation process and fewer fees process.

Car Loan Thoubal 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

Car loan interest rates change every time, again and again, so it’s important to monitor them. Your loan’s interest rate impacts the amount you’re going to pay for the month to month. Furthermore, a lower interest rate can mean a huge number of rupees in savings. Our rate table can assist you in realizing the best ideal opportunity to purchase a vehicle.

Apply for a Car Loan

Car Loan Thoubal Documents Required

Documents required for car loan are as followed:

Passport copy, PAN Card, Voters ID card, Driving License are required.
Income Proof: For Salaried– Latest 3-month salary slip with form 16 / For Self Employed- Latest Income tax returns required.
Ration card / Passport Copy / Telephone Bill / Electricity Bill / Life Insurance Policy is required to apply for the loan.
Last 6 months bank statement.

Car Loan Thoubal Eligibility Criteria

The car loan eligibility requirements are as followed:

Minimum age: 21 years
Maximum age at loan maturity: 65 years
Minimum employment: For Salaried- 1 year in current employment and a minimum of 2 years of employment / For Self Employed– at least 3 years in business
Minimum Annual Income: Net annual income for Salaried Personals should be Rs 100000 / For Self- Employed Net profit Rs.100000 p.a. for mid-sized and premium cars Rs. 60000 p.a for standard cars.
Minimum Annual Income: For Salaried Rs 100000 net annual income
For Self- Employed Net profit Rs. 60000 p.a for standard cars and Rs.100000 per annum for mid-sized and premium cars

Car Loan for Major Car Manufacturers in Thoubal

TABLE WILL APPEAR

Processing Fees & Prepayment Charges on Car Loan Thoubal

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 Thoubal

CIBIL score plays a key role while getting the loan. if your Cibil score is between 750-900. then you will get the quick loan approvals. if the Cibil score is less than 700 then your application will be pending. so, check your Cibil score before you apply for the loan. if you pay your EMIs in time then your Cibil score will be increased. if you do not repay Your EMI your Cibil score will be reduced. the applicant has to pay monthly EMIs according to there schedule of the bank.

Car Loan Thoubal Contact Number

You can get a car loan Thoubal easily from dialabank by contacting the number 9878981166.

Pre Calculated EMI Table for Car Loan Thoubal

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 Thoubal

Car Loan Thoubal

In the Indian state of Manipur, Thoubal is a town, a municipal council with 18 municipal wards and district Headquarters in Thoubal district. It is one of the larger towns of Manipur. It is idyllic and has many lakes and rivers, paddy fields, and gardens. As the Trans-Asian highway (AH1) passes through it, it is also the window to South-East Asia. It is well connected with Imphal, Kakching, Moreh, and Yairipok.

As of 2001 India census, Thoubal had a population of 41,149.

Special Note: Banks do not provide Car Loans to bad credit holders, but one can fulfill their money requirement with Gold Loan easily.

Car Loan EMI Calculator

Car loan EMI can be calculated by Car loan EMI Calculator provided by Dialabank. It’s totally free to use and you can use it as many times you want. Equated Monthly Installments(EMI) is the monthly fixed charges that you pay to the bank as monthly repayment for the loan amount borrowed. Based on your profile, the interest rate on the loan is determined. EMI is calculated based on the Interest Rate you are charged by the bank and the amount of loan you have to take and the period for which you enjoy the car loan.