Car Loan Itanagar

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Rates as low as 7.35%*
Up to 100% Funding
Doorstep Service
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Best Banks for Car Loan in Itanagar

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 Itanagar Features

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CAR loan ItanagarA car loan is funding given for your dream car provided by banks and NBFC’s at affordable rates of interest. They provide the required necessary loan amount for purchasing a car which can be on Ex-Showroom Price or On-Road Price of the car, depending on your credibility and requirement.

Car Loan Itanagar is a secured loan with easy repayment options available in the form of EMIs required to be paid every month of the tenure. The loan amount is then charged with Interest charges which vary from lender to lender. For getting your dream car in Itanagar, a Car loan is the best option available. Car loan in the city like any other loan requires certain eligibility criteria to be fulfilled before your application gets approved.

Car Loan Itanagar Interest Rates

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

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Car Loan Itanagar Documents Required

For Salaried Individuals:

  1. Proof of Identification: Passport copy, PAN Card, Voters ID card, Driving License
  2. Income Proof: Latest 3-month salary slip with form 16
  3. Residence Proof: Ration card / Driving license / Voters card / Passport Copy / Telephone Bill / Electricity Bill / Life Insurance Policy /PAN Card
  4. Bank Statement: Last 6 months.

For Self Employed Individuals:

  1. Identification Proof: Passport copy, PAN Card, Voters ID card, Driving License
  2. Income Proof: Latest ITR
  3. Address Proof(anyone): Ration card/ Driving license / Voters card / Passport Copy / Telephone Bill / Electricity Bill / Life Insurance Policy /PAN Card
  4. Bank Statement: Last 6 months.

Car Loan Itanagar Eligibility Criteria

For Salaried Applicants

  1. Minimum age: 21 years of age
  2. Maximum age at loan maturity: 60 years of age
  3. Minimum employment: For Salaried- 1 year in the current job and a minimum of 2 years of overall employment
  4. Minimum Annual Income: Rs 100000 net annual income is the minimum criteria

For Self-Employed Applicants

  1. Minimum age: 30 years of age
  2. Maximum age: 65 Years of age
  3. Minimum Employment:  at least 3 years in current functional operating business
  4. Minimum Annual Income: Net profit of a minimum of Rs. 60000 p.a for standard cars and a minimum of Rs.100000 p.a. for mid-sized and premium cars

Car Loan for Major Car Manufacturers in Itanagar

TABLE WILL APPEAR

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Processing Fees / Prepayment Charges on Car Loan in Itanagar

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 Itanagar

A CIBIL score is a numeric score that describes an applicant’s ability to repay his previous loans efficiently and regularly. The minimum CIBIL score requirement for car loans in Itanagar may vary from banks to banks. So, maintaining a good CIBIL score is important if you want to avail a car loan in the city at an affordable rate of interest. Also, having a good CIBIL score increases your chances of getting a loan easily unlike in the case of a low score. Mostly the lending institutes accept a 750+ score to process your car loan in Itanagar but these may be higher or lower depending upon the individual requirements of the banks and NBFCs.

If there are any late payments records for your previous loans, then it will create a hurdle in your car loan application. Make sure there must not be any delay payments.

Car Loan Itanagar Agent Contact Number

You may contact on the number 9878981166 to apply for your car loan in Itanagar or in case of any queries regarding the car loan process.

Pre Calculated EMI Table for Car Loan Itanagar

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

Car Loan EMI Calculator Itanagar

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About Itanagar

Itanagar was declared the capital of Arunachal Pradesh in 1974. Situated at an elevation of 350m, the quaint town is renowned for its fine Tibetan architecture and varied tribal culture. Constructed in 15th century CE by the Ahom dynasty, Ita Fort lends its name to this town.

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