Car Loan Asansol

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Car Loan Asansol

Best Banks for Car Loan in Asansol

Feature HDFC Bank ICICI 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 Asansol Features

car loan asansol

With Asansol being a huge urban conglomerate, having your own car is certainly on your list. A car loan is something provided by banks and NBFCs to help you fulfill that dream easily and according to your own terms. If you’re a citizen of Asansol, you already might have banks in your vicinity. The interest rates may range from bank to bank, while the tenure can be chosen by you. Loans are given for both on-road and ex-showroom prices, and both brand new and second-hand cars!

Car Loan Asansol Interest Rates

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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
ICICI 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 Asansol Documents Required

Documents required for car loan are as followed:

For Salaried Individuals:

    1. Identity Proof: Passport copy, Voters ID card, Driving License, PAN Card can be used as ID proof.
    2. Income Proof: Last three months’ or last six months’ salary slip and Income Tax Return filed.
    3. Address Proof: Driving License, Elector Photo ID Card, Electricity Bill, PAN Card, and Life Insurance Policy are valid residence proofs.
    4. Bank Statement for the previous six months.

For Self-employed individuals:

    1. Identity Proof: Passport copy, Voters ID card, PAN Card, Driving License can be used as Identity proof.
    2. Income Proof: Income Tax Return.
    3. Address Proof: Driving License, Electricity Bill, Elector Photo ID Card, PAN Card, and Life Insurance Policy are valid residence proofs.
    4. Bank Statement for the previous six months.

Car Loan Asansol Eligibility Criteria

The car loan eligibility requirements are as followed:

For Salaried applicants:

  1. The minimum age should be 21 years,
  2. Maximum age the time of loan maturity should be 65 years.
  3. The applicant should have served 1 year in current employment and total work experience of 2 years.
  4. The minimum annual income needs to be at 100000 Indian rupees as a net annual income.

For Self-Employed Applicants:

  1. The minimum age should be 21 years,
  2. Maximum age the time of loan maturity should be 65 years.
  3. The applicant should be active for at least 3 years in business.
  4. The net profit required is Rs 60000 per annum for standard cars and Rs 100000 per annum for mid-sized premium cars

How to Apply for Car Loan in Asansol?

Apply for a Car Loan
  1. For Car Loan Asansol, visit Dialabank.
  2. Fill out the form on the Car Loan page.
  3. Submit it.
  4. Once you’re through, Car Loan Asansol agents will connect with you for more reference.

Car Loan for major car manufacturers in Asansol

TABLE WILL APPEAR

Processing Fees/Prepayment Charges on Car Loan in Asansol

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 Asansol

While a score of 650 is considered ‘fair’, it is always advisable to have a score of 750 and above to get a car loan sanctioned easily. CIBIL score depends on your credit repayment history.

Car Loan Asansol Contact number

Call us at 9878981166 to know more about car loans in Asansol. We will provide you with the best guidance!

Pre Calculated EMI Table for Car Loan Asansol

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 Asansol

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In the West Bengal, Asansol is the second largest and the most populated city of the state. It is considered to be an important mining and industrial center.

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

Car Loan EMI Calculator Asansol

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