Car Loan Durgapur

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Car Loan Durgapur

Best Banks for Car Loans in Durgapur

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 Durgapur FeaturesCar loan Durgapur

You can Click Here to apply for Car Loan Durgapur.

Car financing is a need for everybody as 95% of the people prefer to buy it on loans due to a deficiency of funds or the failure to pay a huge sum in a single transaction. People face these issues which produce a huge gap. To fill this gap, we provide car loans to the people in need and to help them buy the car of their choice. We grant loans on interest rates which are lower than the market price. We have tie-ups with the best banks and NBFCs and we provide you with options to choose from.

Why Dialabank?

  1. We let you sit at the comfort of your home and render you with the loan without any dispute.
  2. We have tie-ups with top Banks and NBFCs of the country to deliver you with the best-in-class service.
  3. We offer you the lowest rates of interest in the market.
  4. We charge nothing from our customers for our services.
  5. Our team of experts and Relationship managers are there to help you throughout the journey.

Car Loan Durgapur 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 Durgapur Documents Required

Documents required for car loan are as followed:

For Salaried Individuals:

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

For Self-employed individuals:

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

Car Loan Durgapur Eligibility Criteria

The car loan eligibility requirements are as followed:

For Salaried applicants:

  1. 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. 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 Durgapur?

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Applying for a car loan is with us is easy:

  • For Car Loan Durgapur, visit Dialabank.
  • Fill the form on the Car Loan page.
  • Submit it.
  • Once you’re through, Car Loan Durgapur agents will connect with you for more assistance.

Car Loan for major car manufacturers in Durgapur

TABLE WILL APPEAR

Processing Fees /Prepayment Charges on Car Loan in Durgapur

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 Durgapur

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CIBIL score reflects your credit history in the past as well as your defaults in payment of your previous loans. A good credit score is acknowledged as 750 and above as most of the financial organizations ask for a high credit score. Every bank and NBFC has distinct criteria for a minimum CIBIL score they require to process your loan. A Lower CIBIL score than 750 can draw a higher car loan interest rate.

A very low CIBIL score can reach to the rejection of your loan as it is the first thing a bank tracks before loan processing.

Car Loan Durgapur Contact Number

For quick support and to avail of your loans quickly without setting, you can contact us on 9878981166

Pre Calculated EMI Table for Car Loan Durgapur

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 Durgapur

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In the state of West Bengal, Durgapur is a part of the Paschim Bardhaman District and the 4th largest agglomeration in the state. The city Durgapur was planned by two American architects in the year 1955. Emerged as the fastest city in West Bengal, it is considered a Tier 2 city with a population of more than 7 lakhs.

Special Note: Banks do not render Car Loans to faulty credit holders, but one can fulfill their financial conditions with Gold Loan easily.

Car Loan EMI Calculator Durgapur

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