Best Banks for Car Loan in Darjeeling
Feature |
HDFC Bank |
Private 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 Darjeeling Features
Want to purchase your own car but don’t have the required funds for it? A car loan is what you can avail to fulfill your dream. Car Loan is a secured loan with easy repayment options available for the applicants in the form of monthly installments. The loan amount is offered on Interest charges which vary from one lender to another respectively. You can apply for a car loan for purchasing a new car as well as a used car. So if you are thinking of purchasing your dream car, get an instant Car loan in Darjeeling with DialaBank at an affordable rate of interest.
Car Loan Darjeeling 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 |
| 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 Darjeeling Documents Required
Documents required for car loan are as followed:
- Passport copy, PAN Card, Voters ID card, Driving License or any other identity proof
- Latest 3-month salary slip with form 16 / For Self Employed- Latest ITR as income proofs
- Ration card / Driving license / Telephone Bill / Electricity Bill / Life Insurance Policy /PAN Card or any address proof
- 2 passport size photographs
- ITR filing of the previous 2 years for self-employed people is compulsory.
Car Loan Darjeeling Eligibility Criteria
Car loan eligibility criteria for the salaried and self-employed vary as follows:
- Minimum age: Applicant should be at least 21 years for salaried and 30 years for self-employed
- Maximum age at loan maturity: Applicant should not be more than 60 years for salaried and 65 for self-employed
- Minimum employment: For Salaried applicants- 1 year in current employment and a minimum of 2 years of employment / For Self Employed applicants– at least 3 years in business
- Minimum Annual Income: For Salaried Rs 100000 net annual income is necessary / For Self- Employed Net profit Rs.100000 p.a. for mid-sized and premium cars, Rs. 60000 p.a for standard cars are essential.
Car Loan for Major Car Manufacturers in Darjeeling
TABLE WILL APPEAR
Processing Fees & Prepayment Charges on Car Loan Darjeeling
| 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 Darjeeling
CIBIL score also known as credit score is what describes your creditworthiness of the past. So, it is an important aspect to consider while availing a car loan in Darjeeling. The CIBIL score required for car loans, according to their own requirements may vary from one lender to another. Most banks or NBFCs accept a CIBIL score of 750 and above to process your car loan application in the city. In case of low CIBIL score, you might also be required to pay a heavy Car Loan Interest Rate on the amount of the car loan.
Car Loan Darjeeling Contact Number
For any queries regarding the Car Loan in Darjeeling, you may contact on the number 9878981166.
Pre Calculated EMI Table for Car Loan Darjeeling
| 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 Darjeeling
Darjeeling is a town situated in the West Bengal state, in the Himalayan foothills of India. It remains as the terminus of the narrow-gauge Darjeeling Himalayan Railway, or “Toy Train,” in India. It’s famous for the distinctive black tea grown on plantations that dot its surrounding slopes. Its backdrop is Mt. Kanchenjunga, which is among the world’s highest peaks.
Car Loan EMI Calculator
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