Car Loan Howrah

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Car Loan Howrah

Best Banks for Car Loan in Howrah

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 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 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
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 Interest Rate Online

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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:-

  1. Minimum age: 21 years
  2. Maximum age at loan maturity: 65 years
  3. Minimum employment: 1 year in current employment and a minimum of 2 years of employment
  4. Minimum Annual Income: Rs 1,00,000 net annual income

For Self-Employed:-

  1. Minimum age: 21 years
  2. Maximum age at loan maturity: 65 years
  3. Minimum employment: at smallest 3 years in sales
  4. 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

  1. Visit our website Dialabank.
  2. Below Auto Loans, Choose 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.

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Car Loan for Major Car Manufacturers in Howrah

TABLE WILL APPEAR

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 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.

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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.

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Car Loan EMI Calculator Howrah

Online Car Loan EMI Calculator

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