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Car Loan Guwahati

Best Banks for Car Loan in Guwahati

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 Guwahati Features

car loan guwahati

Looking to buy a car?

Do you need money to own your favorite car?

The car loan is a financial help provided by banks and finance companies to fulfill your dream of owning a car. They give required funding for buying a car which can be on Ex-Showroom price or On-Road price. The car loan is a secured loan with easy repayment choices.

What are some of the Car Loan Guwahati features?

Car Loan Guwahati provides financial assistance at the best affordable interest rates to buy the car of your choice. You can easily pay back car loans through monthly installments.

Also, the interest rates will differ depending on the bank’s situation.

Car Loan Guwahati 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 Guwahati Documents Required

Documents required for car loan are as followed:

For Salaried Individuals:

  1. Identity Proof: Passport copy, PAN Card, Electoral Photo ID card, or Driving License 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. Residence Proof: Driving License, Electricity Bill, PAN Card, Electoral Photo ID Card, and Life Insurance Policy are valid address proofs.
  4. Bank Statement for the earlier six months.
  5.  

For Self-employed individuals:

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

Car Loan Guwahati Eligibility Criteria

The car loan eligibility requirements are as followed:

For Salaried applicants:

  1. The minimum age has to be 21 years.
  2. The maximum age at the time of loan maturity needs to be 65 years.
  3. The applicant should have served 1 year in current employment including 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. The minimum age has to be 21 years.
  2. The maximum age at the time of loan maturity needs to be 65 years.
  3. The applicant should be active for at least 3 years in business.
  4. The net profit needed 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 Guwahati?

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Applying for a car loan is with Dialabank is easy:

  • For Car Loan Guwahati, visit Dialabank.
  • Fill the form on the given Car Loan page.
  • Submit it.
  • Once you fill that form, Car Loan Guwahati agents will connect with you for a whole car loan journey.

Car Loan for major car manufacturers in Guwahati

TABLE WILL APPEAR

Processing Fee/Prepayment Charges on Car Loan in Guwahati

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 Guwahati

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Every lending institution has its criteria for the minimum CIBIL score asked for processing the Car Loan application in Guwahati so that they can reduce the risk of lending to you and also if your CIBIL score is low you get an interest rate at a higher interest rate than others. Most institutions expect a minimum score of CIBIL of 750 or above to process your loan application. Also having a solid CIBIL score helps to loans at a cheaper rate of interest on car loan else if your CIBIL score is inadequate then you may have to pay a higher rate of interest.

The institutions don’t just look at the overall score but also the comprehensive behavior on the previous loans taken. This includes specifications on the type of loan taken and the amount is taken. Any delayed amounts for previous loans can act as a barrier to your loan application.

Car Loan Guwahati Contact Number

Car loan Guwahati is made available easily by dialabank by contacting the number 9878981166.

Pre Calculated EMI Table for Car Loan Guwahati

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 Guwahati

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In the northeast Indian state of Assam, Guwahati is a sprawling beautiful city beside the Brahmaputra River. Known for temples like Kamakhya Temple, it features shrines to the Hindu deities Lord Shiva and Lord Vishnu. In the 18th century, Navagraha Temple was an astronomical center with planetary shrines.

Car Loan EMI Calculator Guwahati

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

Get a car loan from AXIS bank

Get a car loan from ICICI bank

Get a car loan from SBI

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