Car Loan Coochbehar

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Car Loan Coochbehar

Best Banks for Car Loan in Coochbehar


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Car Loan Coochbehar Features

car loan Coochbehar

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

An Auto Loan is a deal that helps the person to buy their favourite car without worrying about the payments.  This deal allows the person to pay the cost of a car in instalments rather than paying it at once. It is the best way to bring home a vehicle. You can repay the loan at regular intervals as EMIs. so there will be no burden on you while repaying the loan.

Car Loan Coochbehar


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Car Loan Coochbehar Eligibility Criteria

The car loan eligibility requirements are as follows:

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


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Car Loan Coochbehar EMI Calculator

Car Loan Coochbehar 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


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Car Loan Coochbehar Fees and Charges : Leading Banks – May 26 2022

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 Coochbehar Documents Required

Documents required for a car loan are as followed:

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.


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How to Get the Best Car Loan Interest Rates in Coochbehar

The interest rates on vehicle loans offered by different lenders in Coochbehar may vary, but they are all reasonable and competitive. If you want to get a car loan in Coochbehar with the lowest interest rate, follow the steps below:

  • Choose a shorter repayment term – Many car loan applicants believe that longer repayment terms are better because the monthly EMI (equated monthly instalment) is low. They are unaware that lenders view lengthier payback terms as an indication of a borrower’s low repayment capabilities, so they charge higher interest rates. So, you should consider a short payment period if you want to save money on your car loan.
  • Research and compare the perks offered by different lenders – If you wish to get a good deal on an auto loan, you must first explore and compare the benefits offered by different lenders. This can help you to figure out which lenders have the best interest rates and which lender you should choose.
  • Maintain a modest debt-to-income ratio – The debt-to-income ratio is a measure of how much of an applicant’s income goes toward loan repayment, and lenders take this into account when setting interest rates. If your debt-to-income ratio is low, you have a better chance of getting a car loan with a lower interest rate.
  • Maintain a good credit score — Lenders will be happy to offer you a car loan with cheaper interest rates if you have a good credit score. A credit score of above 750 is considered to be healthy. Many lenders may give auto loans to people with bad credit but will demand a higher interest rate. Check your credit scores regularly with the Dialabank “Free Credit Score” service to guarantee that you have a good credit score. This will allow you to take remedial action to enhance your credit score if it is low, and it will enable you to approach lenders with confidence if your credit score is good.

How to Apply for a Car Loan in Coochbehar?

  • Visit Dialabank website.
  • Go to the loan section and select an auto loan followed by a car loan link.
  • Provide all your information, including your phone number.
  • You will receive a phone call from our experts who will guide you further.


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Which Bank in Coochbehar Offers the Best Car Loans?

Many big banks and NBFCs, including HDFC, ICICI, and SBI, offer vehicle loans in Coochbehar. The most suitable lender is one that can provide you with the loan amount you need at a reasonable interest rate and can distribute the funds as quickly as feasible. It is always advisable to compare vehicle loans from many lenders before applying for one that meets all of your needs, such as interest rates.

Car Loan for Major Car Manufacturers in Coochbehar

TABLE WILL APPEAR

Processing Fees & Prepayment Charges on Car Loan Coochbehar

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


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CIBIL Score Required for Car Loan in Coochbehar

CIBIL score plays a key role while getting the loan. If your CIBIL score is between 750-900, then you will get quick loan approvals. If your 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.


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Car Loan Coochbehar Contact Number

For instant help and any more queries, you can call 9878981166.


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Pre Calculated EMI Table for Car Loan Coochbehar

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


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About Coochbehar

Coochbehar is a City of Western Bengal in India. During the British Raj, the city of Cooch Behar was the chair of a princely state of Koch Bihar, decided by the Koch empire. As of 2011, it is the third least populated district of Bengal after Dakshin Dinajpur and Darjeeling.


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Car Loan Banks in Coochbehar

BANDHAN BANK LIMITED GROUND FLOOR, VILL P.O -BARANACHINA, ANCHAL PUTIMARI – 2.P.S DINHATA,DIST.- COOCHBEHAR, WEST BENGAL, PIN 736174 BDBL0001687
BANDHAN BANK LIMITED GROUND FLOOR, VILL P.O -CHARALJANI, P.S TUFANGANJ, DIST.- COOCHBEHAR, WEST BENGAL, PIN 736156 BDBL0001688
BANDHAN BANK LIMITED GROUND FLOOR, VILL -KHALISA GOSANIMARI, P.O -GOSANIMARI, P.S DINHATA, DIST.- COOCHBEHAR, WEST BENGAL, PIN 736145 BDBL0001689
CENTRAL BANK OF INDIA UBGB, BENGCHATRA ROAD, PANCHARANGI MORE, P.O.& DIST.- COOCHBEHAR, WEST BENGAL, PIN-736101 CBIN0R40012
STATE BANK OF INDIA SAGARDIGHI SQUARE, PO DI. COOCHBEHAR, W.B.-736101 SBIN0000058
STATE BANK OF INDIA POCHANGRABANDHADT COOCHBEHAR SBIN0001448
STATE BANK OF INDIA NRIPENDRA.NARAYAN.ROAD, PIN.736101 SBIN0001753
STATE BANK OF INDIA GOSANIMARIDT COOCHBEHAR SBIN0007000
STATE BANK OF INDIA DIST,COOCH,BEHARSTATE,WEST,BENGALPIN,736101, SBIN0007193
STATE BANK OF INDIA PO BALARAMPURBALAIER HAT DT COOCHBEHAR SBIN0007294
UNION BANK OF INDIA NIRUPAMA BHAWAN, SUNITI ROAD, NEAR HARISH,PAL CHOWPATHY, POST COOCHBEHAR,DIST. COOCHBEHAR, WEST BENGAL – 736 101. UBIN0554812
UNION BANK OF INDIA MAIN RD, GODHULI BAZAR WARS NO.6 DINHATA COOCHBEHAR WEST BENGAL PINCODE – 736135 UBIN0567655
UNION BANK OF INDIA UTTAR BANGA KRISHI VISWAVIDYALAYA PUNDIBR COOCHBEHAR WEST BENGAL PINCODE736165 UBIN0574007
UCO BANK UCO BANK COOCHBEHAR BRANCH 736101 UCBA0000828
Ujjivan Small Finance Bank Limited JL NO.130, LR KHATIAN, 14664, 14665& 14666, GROUND FLOOR, WARD NO.2, KAMESHWARI ROAD, P.O DIST – COOCHBEHAR, P.S-KOTWALI. COOCHBEHAR 736101 UJVN0003516
VIJAYA BANK COOCHBEHAR, 1ST FLOOR, RASARAJ BUILDING, 40, B S ROAD, COOCHBEHAR, WEST BENGAL VIJB0007238
THE WEST BENGAL STATE COOPERATIVE BANK BISWA SINGHA RD,NEAR B.D.HOTEL, P.O.AND DIST. COOCH BEHAR WBSC0000038

FAQ’s About Coochbehar Car Loan

✅ What types of vehicles can be purchased with a Car Loan?

Car loans can be used to buy various passenger vehicles such as SUVs (Sport Utility Vehicles), MUVs (Multi Utility Vehicles), and other types of vehicles. You can also get a car loan to acquire a vehicle for business purposes. Truck, tractor, and construction equipment loans are also available from some lenders.

✅ Is it possible for me to acquire a loan on my Current Vehicle?

Yes, if you have a strong payment history with your current lender, other lenders will be okay with granting you a loan on your current vehicle.

✅ What options do I have for repaying my Auto Loan?

Standing Instruction (SI), Electronic Clearing Service (ECS), and Post-Dated Cheques are three options that you have for repaying your loan (PDCs). It is generally advised that you return your loan using the first two options because they are speedier and have a lower risk of error, which is not the case with PDCs.

✅ Is a guarantor a requirement for a Car Loan?

To get a car loan, most lenders do not ask for a guarantor. If your income falls below the required minimum, lenders may want you to offer a guarantee or co-applicant to demonstrate that you will be able to repay the loan.

✅ Where can I get an Interest Calculator for a Car Loan?

You can use the EMI calculator on the Dialabank website or the one available on the website of the lending bank. To calculate the EMIs, enter the various interest rates. The interest rate can be obtained by filling out an application for the loan, which will require you to provide some basic information such as your salary, company, and work experience, depending on which interest rates will be presented.