Best Banks for Car Loan in Howrah
Feature
HDFC Bank
Private 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
Car Loan Howrah Features
Owning 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 car 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
HDFC Bank Car Loan
(1999 - 4999) + Tax
Axis Bank Car Loan
1 % to 2.50%
Nil
Private Bank Car Loan
0.25% to 1.50%
SBI Car Loan
500/- to 0.50%
Nil
Kotak Car Loan
1% to 2%
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 Howrah Documents Required
Documents required for car loan are as followed:
For Salaried:-
- Identity Proof: PAN Card, Voters ID card, Passport copy, Driving License
- Income Proof: Latest 3-month salary slip with form 16
- Address Proof: Driving license / Voters card / Passport Copy / Telephone Bill / Ration card / Electricity Bill / Life Insurance Policy /PAN Card
- Bank Statement: Last 6 months.
For Self Employed:-
- Identity Proof: PAN Card, Voters ID card, Passport copy, Driving License
- Income Proof: Latest ITR
- Address Proof: Voters card / Passport Copy / Ration card / Telephone Bill / Driving license / Electricity Bill / Life Insurance Policy /PAN Card
- Bank Statement: Last 6 months.
Car Loan Howrah Eligibility Criteria
The car loan eligibility requirements are as followed in Howrah:
For Salaried:-
- Minimum age: 21 years
- Maximum age at loan maturity: 65 years
- Minimum employment: 1 year in current employment and a minimum of 2 years of employment
- Minimum Annual Income: Rs 1,00,000 net annual income
For Self-Employed:-
- Minimum age: 21 years
- Maximum age at loan maturity: 65 years
- Minimum employment: at smallest 3 years in sales
- Minimum Annual Income: Net profit Rs. 60,000 p.a for regular cars and Rs.1,00,000 p.a. for mid-sized and superior cars
How to Apply for Car Loan in Howrah?
The procedure for applying a car loan online is fairly simple. You just require to follow the following-mentioned steps
- Visit our website Dialabank.
- Below Auto Loans, Choose Car Loans on the homepage.
- You are then required to provide all the necessary details as well as the correct contact details
- 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.
Car Loan for Major Car Manufacturers in Howrah
TABLE WILL APPEAR
Processing Fees / Prepayment Charges on Car Loan Howrah
Category
Details
Processing Charges
Prepayment
Preclosure
Stamp Duty
Cheque Bounce Chgs
Floating Rate of Interest
Not Applicable
Overdue EMI Interest
Amortisation Schedule Chgs
Rs 200 + GST
CIBIL Score Required for Car Loan in Howrah
CIBIL score is regarded as an essential aspect of the process of loan approval. Various lending institutions have different criteria for the 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 the 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
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 Howrah
Online Car Loan EMI Calculator
Other Cities For Car Loan In West Bengal
| Car Loan Cooch Behar | Car Loan Asansol |
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| Car Loan Bolpur | Car Loan Balurghat |
