Car Loan Karbi-Anglong

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Best Banks for Car Loan in Karbi-Anglong

Car Loan Karbi-Anglong

Car Loan Karbi-Anglong 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

Owning a car is everyone’s dream, and it remains a dream for most people for the rest of their life because they are unable to save that amount of money and didn’t have the proper resources to do so. The best solution for this is getting a car loan. You can get a car loan easily by following easy steps and bring your car to your home.

If you live in Karbi-Anglong, this article is for you to help you with the car loan. In this, you can check and compare the interest rate, processing fees, loan tenure and many more terms of top banks for free. If you wish to apply, you can even apply here and get a car loan in 30 minutes.

Car Loan Karbi-Anglong Eligibility Criteria

The car loan eligibility requirements are as follows in Karbi-Anglong:

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 Karbi-Anglong EMI Calculator

Car Loan Karbi-Anglong 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 Karbi-Anglong Fees and Charges: Leading Banks – Apr 16 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 Karbi-Anglong Documents Required

Documents required for a car loan are as follows:

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 Karbi-Anglong

The interest rate offered on a car loan varies from one bank to other in Karbi-Anglong. These all are reasonable and competitive. If you wish to get an auto loan in Karbi-Anglong at the best rate of interest, follow the steps given below-

Shorter repayment term – The interest rate charged on any loan depends on loan tenure. If you take long repayment tenure, the interest rate charged would be more. If you need a low interest rate, choose to go for shorter repayment tenure.
Research and compare an offer from different lenders – If one wants to get a fair deal on a car loan, you must take a look and compare offers of different banks and NBFCs. By doing so, you would be able to find out the best bank with a low interest rate in Karbi-Anglong.
Maintain Debt to income ratio – The debt to income ratio tells how much part of an applicant goes for loan repayment. This is taken into consideration while setting the interest rate of a loan. If your Debt to income ratio is low, there are more chances of you getting the loan at a low rate of interest.
Maintaining credit score – Credit score plays a significant role in getting a loan and deciding the interest rate. Banks check for credit score and give better offers if applicants credit scores come out to get good. Usually, they look for a credit score above 750 points. If your credit score is better, you might get a better deal on the interest rate. You can check your score by using Dialabank “Free credit score” service. This will make you aware of your credit score and give time to improve your credit score before going for a loan.

How to Apply for a Car Loan in Karbi-Anglong?

Availing of a car loan in Karbi-Anglong can be a simple process with DialaBank. Follow the following steps given below to avail of the best offers:

Visit Dialabank.
Select the car loan option available in the menu.
Fill in the details related to your car type and your income.
Please wait for our relationship manager to get in touch with you on your provided number.
You can also contact our relationship managers on 9878981166 in case of any queries regarding the loan.
To get a car loan offline, the borrower needs to visit the branch personally.

Which Bank in Karbi-Anglong Offers the Best Car Loans?

There are many leading banks providing car loans in Karbi-Anglong, which include HDFC, Private, SBI and Axis Bank. The best choice will be the one that provides your loan amount at a reasonable rate of interest with quick funds distribution facility. To select the best choice, it is recommended to compare vehicle loans before selecting any one bank.

Car Loan for Major Car Manufacturers in Karbi-Anglong

TABLE WILL APPEAR

Processing Fees / Prepayment Charges on Car Loan Karbi-Anglong

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 Karbi-Anglong

The CIBIL score defines applicants ability to pay back credits. A higher credit score indicates your good credit history and makes your process of getting a car loan easy and smooth. Mostly, Banks consider a credit score of 750 or above 750 a good score to approve for loan application easily.

This score is different from bank to bank. If your credit score is low, then banks would ask for a high rate of interest on the loan amount. This would not be the case with a high credit score. If you have a high credit score, there is more possibility of getting a loan at a low rate of interest. Thus, a credit score plays an important role in getting a car loan.

Car Loan Karbi-Anglong Contact Number

If you have any query regarding the car loan in Karbi-Anglong, you can contact on the number 9878981166 for any assistance.

Pre Calculated EMI Table for Car Loan Karbi-Anglong

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 Karbi-Anglong

The Karbi Anglong district is one of Assam’s 34 administrative districts. Diphu is the district’s administrative headquarters. According to the Sixth Schedule of the Indian Constitution, the district is administered by the Karbi Anglong Autonomous Council.

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FAQ’s About Karbi-Anglong Car Loan

✅ How can I make an EMI payment for a car loan?

An applicant has three options for EMI payment. These options include Standing Instruction (SI), Electronic Clearing Service (ECS), and Post-Dated Cheques.

✅ How can I calculate the monthly instalment for a car loan?

An applicant can calculate EMI by using the Dialabank EMI calculator. This is a simple EMI calculator in which you can check your EMI to get paid monthly by following some simple steps.

✅ What are the types of interest rates?

Interest rates are mainly of 2 types. First is the fixed interest rate, and floating interest rate applicants should choose the type according to their convenience.