Car Loan Bokakhat

Best Banks for Car Loan in Bokakhat

Car Loan Bokakhat 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

Nowadays, having a car is vital. Is it not? Is it not? An automobile facilitates your life. Now the days are passed to save and wait for the car. We financial services dialabank help clients assess, analyse and select the best possible loan. Just apply via Dialabank for the car loan. If your CIBIL is good, you’ll have a favourable interest rate and a high loan repayment tenure. All banks and NBFCs are ready to make car loans available. You can receive the ex-showroom loan amount, and you can also get an on-road prize loan if necessary.

Car Loan Bokakhat

Car Loan Bokakhat 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

Car Loan Bokakhat EMI Calculator

Car Loan Bokakhat 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 Bokakhat 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 Bokakhat 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.

How to Get the Best Car Loan Interest Rates in Bokakhat

Vehicle loan interest rates provided by various lenders in Bokakhat may vary, but all are acceptable and competitive. If you want the lowest interest rate Car Loan from Bokakhat, take 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 of money you loan influences your vehicle loan interest rate. Therefore, you can get a lower rate if you choose a larger 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 Bokakhat?

Availing a Car Loan Bokakhat:

Check out our website and select the car loan option from the drop-down menu. Next, enter in the facts about the vehicle and your earnings. Then, simply wait for our financial advisor to contact you at the phone number you supplied. If you have any questions about the loan, you can contact our relationship managers at 9878981166.
You’ll have to go to the branch yourself to do this, which could be a stressful situation for you.

Which Bank in Bokakhat Offers the Best Car Loans?

Several major banks and financial non-banks offer auto loans in the city. The best lender will naturally give you the loan at a fair value and distribute the funds as soon as possible. However, it is always a good idea to examine different lenders’ vehicle loans before applying for one that fulfils all your criteria, such as interest rates.

Car Loan for Major Car Manufacturers in Bokakhat

TABLE WILL APPEAR

Processing Fees / Prepayment Charges on Car Loan Bokakhat

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 Bokakhat

The CIBIL scoring represents your past credit history and all previous credit defaults. Due to the high credit value that most financial institutions demand, the decent credit rating is 750 or above. Nevertheless, every bank and NBFC has their 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.

Car Loan Bokakhat Contact Number

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

Pre Calculated EMI Table for Car Loan Bokakhat

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 Bokakhat

The city of Assam in Bokakhat. Jorhat and Guwahati are the closest airports. Badulipar and Furkating are the closest railway stations. Bokakhat had a population of 8844 since the 2001 Indian census.

Car Loan Banks in Bokakhat

Bank Name	Bank Address	IFSC Code
BANK OF BARODA	NARAYAN BORAH COMPLEX, AT ROAD NEAR ASTC BUS STAND, PO BOKAKHAT, DIST GOLAGHAT, ASSAM 785612.	BARB0BOKAKH
HDFC BANK	GROUND FLOOR WARD 4 ADJACENT TO BANK OF BARODA NH 37 PS AND P O BOKAKHAT GOLAGHAT ASSAM 785612	HDFC0009208
Private BANK LIMITED	Private BANK LTD, BOKAKHAT BARNCH, KHETAN BHAWAN, BOKAKHAT,NH-37, DIST – GOLAGHAT, ASSAM-785612	ICIC0002634
INDIAN BANK	CO BOKAKHAT NATYA MANDIR FESHENGBAR HAT I FLOOR HOSPITAL ROAD BOKAKHAT 785612	IDIB000B100
NORTH EAST SMALL FINANCE BANK LIMITED	WARD NO-4, P.O-BOKAKHAT, P.S – BOKAKHAT, DIST – GOLAGHAT, PIN-785612,ASSAM	NESF0000020
STATE BANK OF INDIA	DISTT. GOLAGHAT, ASSAM	SBIN0010307
UNITED BANK OF INDIA	BOKAKHAT, DIST. GOLAGHAT	UTBI0BKK342

FAQ’s About Bokakhat Car Loan

✅ What is a Car Loan?

A Car Loan Bokakhat is a secured term Loan that is availed to finance a car. Various lenders and banks sanction a Car Loan based on your eligibility, credit score, and income criteria. Based on this, the interest rates are decided. The Loan has to be paid over the repayment tenure decided by you via EMIs.

✅ What is an EMI Calculator?

Car Loan in Bokakhat EMI can be calculated by Car Loan EMI Calculator provided by Dialabank. The calculator is free to use, and you can use it an infinite number of times. Equated Monthly Installments(EMI) is the monthly fixed charges you pay to the bank as monthly repayment for the loan amount borrowed. Based on the profile, the interest rate on loans in Bokakhat is determined. EMI is calculated based on the Interest Rate you are charged by the bank, the amount of Loan you have to take, and the period you enjoy the Car Loan.

✅ Can we close the Car Loan partially?

Most banks and financial institutions do not allow you to prepay or pre-close your Car Loan ahead of the tenure, even if you have funds available. But some banks also allow you to do so. They just charge a penalty or fee for it.