Car Loan Bardhaman

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Car Loan Bardhaman

Best Banks for Car Loan in Bardhaman

Feature
HDFC Bank
ICICI 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 Bardhaman Features Car Loan Bardhaman

A car loan is a financial help provided by banks and NBFC’s to fulfill your dream of having your desired car. They provide necessary funding for purchasing a car which can be on Ex-Showroom Price or On-Road Price of the car. A Car loan is a secured loan with easy repayment options. The loan amount is offered on Interest charges which vary from bank to bank. One can pay for the vehicle in easy installments.

Car Loan Bardhaman 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
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

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Car Loan Bardhaman Documents Required

Documents required for car loan are as followed:

For Salaried Employee

  1. Income Proof: It is  necessary to provide the latest 3-month salary slip with form 16
  2. Identity Proof:  ID like Passport copy, PAN Card, Voters ID card, Driving License to verify identity
  3. Bank Statement: The last six months’ statement to be submitted by the applicant is strictly required
  4. Address Proof: Permanent address proof like Ration card / Driving license / Voters card / Passport Copy / Telephone Bill / Electricity Bill / Life Insurance Policy /PAN Card

For Self-Employed

  1. Income Proof: Latest ITR proof of the firm by the applicant is required
  2. Identity Proof: ID like Passport copy, PAN Card, Voters ID card, Driving License
  3. Bank Statement: The last six months’ statement.
  4. Address Proof: Permanent address proof like Ration card / Driving license / Voters card / Passport Copy / Telephone Bill / Electricity Bill / Life Insurance Policy /PAN Card

Car Loan Bardhaman Eligibility Criteria

The car loan eligibility requirements are as followed:

For Salaried Employee

  1. The individuals should possess a minimum of 1-year experience in current employment and a minimum of 2 years of employment from the past
  2. The applicants should not be more than 60 and 65 years at the time of completion of tenure
  3. The minimum age requirements are 21 years.
  4. Usually getting a car loan is easier when the applicant possesses a CIBIL score of 750 and above that is an essential factor required for the loan approval in Bardhaman
  5. Minimum Annual Income: For such applicants, Rs 100000 net annual income is required to mention.

For Self Employed

  1.  At least 3 years in operating business is mandatory
  2. The minimum age requirements are 30 years in case of a self-employed
  3. The applicants should not be more than 60 and 65 years at the time of the completion of the loan tenure.
  4. Minimum Annual Income: Net profit Rs. 60000 p.a for standard cars and Rs.100000 p.a. for best mid-sized and premium cars.
  5. Usually getting a car loan is easier when the applicant possesses a CIBIL score of 750 and above which is an essential factor required for the loan approval in Bardhaman.

Car Loan For Major Car Manufacturers in Bardhaman

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TABLE WILL APPEAR

Processing Fees & Prepayment Charges on Car Loan Bardhaman

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 Bardhaman

Every lending institution has its criteria for the minimum CIBIL score required for processing the Car Loan application in Satara so that they can minimize the risk of lending to you. Most institutions require a minimum score of CIBIL of 750 or above to process your loan application. Also having a good CIBIL score helps to loans at a cheaper rate of interest.

CIBIL score when higher helps to get a low level of interest rate on car loans.

The institutions don’t just look at the overall score but also the detailed behavior on the previous loans taken. This includes details on the type of loan taken and the amount borrowed. Any delayed payments for previous loans can act as a barrier to your availing a fresh loan.

Car Loan Bardhaman Contact Number

Apply for a Car Loan

You can get a car loan Bardhaman easily from Dialabank by contacting the number 9878981166.

Pre Calculated EMI Table for Car Loan Bardhaman

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 Bardhaman

Bardhaman is a city and a municipality in the state of West Bengal, India. It is the headquarters of the Purba Bardhaman district, it became the district capital during the period of British rule. Burdwan is an  alternative name for the city and this name  has remained in use since that period.In the 2011 census, Bardhaman Urban Agglomeration had a population of 347,016.

Car Loan EMI Calculator

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Car loan EMI can be the calculated by Car loan EMI Calculator provided by Dialabank. It is free to use and you can use it an infinite number of times.

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