Car Loan Howrah

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Rates as low as 8.50%*
Up to 100% Funding
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Best Banks for Car Loan in Howrah

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 Howrah Features

Car Loan HowrahOwning a car nowadays is not just a luxury but a necessity. But majorly, people think twice before buying a car of their dreams due to financial constraints. To resolve this problem of yours, banks and NBFCs provide finance for your car in the form of car loans.

Car loans can be availed by any individual who has a stable source of income with a decent credit history. Banks do not have any restrictions on any brand of a car. The amount of loan sanctioned depends upon various factors such as your profile, type of car, etc.

To avoid any hassle and wastage of time, visit DialaBank to get a fast loan disbursal.

Car Loan Howrah 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
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
1%
Nil
Andhra Bank Car Loan
Nil
Nil

 

To check Personal Loan Interest Rate for all major banks you can visit: Car Loan Interest Rates

Car Loan Howrah Documents Required

  1. Identity Proof: Aadhar Card/ Driving License/ Pan Card/ Passport Copy, etc.
  2. Income Proof: Last 3 months salary slips or Form 16 for a salaried individual and recent ITR filings for a self-employed individual
  3. Proof of address: Water Bill/ Voter ID/ Telephone bill/ Passport Copy
  4. Minimum 2 recent passport size photographs

Car Loan Howrah Eligibility Criteria

  1. A salaried employee must be working in the current organization for at least a year.
  2. The minimum age for a salaried individual is 21 years and 25 years for a self-employed individual
  3. If the applicant is a salaried individual then their minimum salary must be Rs 25000 per month
  4. In case the individual is a businessman then, their business must be operational from at least the past three years.

How to Apply for Car Loan in Howrah?

The procedure for applying a car online is fairly simple. You just need to follow the below-mentioned steps

  1. Visit our website DialaBank.
  2. Under Auto Loans, Select Car Loans on the homepage.
  3. You are then required to provide all the necessary details as well as the correct contact details
  4. Our executives shall then contact you and guide you accordingly

Another method for applying a car loan is through offline mode. This is time-consuming as the borrower needs to visit the bank physically and complete all the formalities upon reaching there. The loan disbursal in such cases might also be delayed.

Processing Fees & Prepayment Charges on Car Loan Howrah

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 Howrah

CIBIL score is regarded as an essential aspect in the process of loan approval. Various lending institutions have different criteria of minimum CIBIL score for loan approval. Generally, a score above 750 is considered to be decent.

CIBIL score denotes your previous lending and repayment behavior. Hence, it is important to clear all the dues and maintain a decent score in order to avoid any hassle later on in future.

Car Loan Howrah Contact Number

To avail instant car loans you can visit our website or call on 9878981166 to get personalized assistance. Our executives are well trained and will assist you in the best way possible in order to provide you with a deal most suited for you.

Pre Calculated EMI Table for Car Loan Howrah

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

You can calculate your EMI here: Car Loan EMI Calculator

About Howrah

The headquarters of the Howrah district, Howrah is located in the state of Bengal. The city is bustling with population and is rich in cultural and religious significance. The iconic landmark Howrah Bridge, also known as Rabindra Setu is also situated in the city. The famous steel structure has a prominent stamp in the city.

Special Note: Banks do not provide Car Loans to bad credit holders, but one can fulfill their money requirement with Gold Loan easily.

Car Loan EMI Calculator

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