Car Loan Kalimpong

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Car Loan Kalimpong

Best Banks for Car Loan in Kalimpong

Kotak Mahindra Bank
Interest Rate
8% - 8.4 %
8.5 - 9.5 %
Min Loan Amt
Metro : 1 Lac & Non Metro: 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
Loan to Value (LTV)
Upto 100% on Ex- showroom
Upto 95% on Ex- showroom
Upto 90% on Ex- showroom

Car Loan Kalimpong Features

car loan kalimpong

Living in Kalimpong, having your own automobile might clearly air your list. A car loan is something provided by banks and NBFCs to assist you to fulfil that dream simply and consistent with your own terms. If you’re a resident of Kalimpong, you must have already got a large number of banks in your locality.

The car loan interest rates vary from bank to bank, whereas the tenure may be chosen by you. Loan’s area unit provided for each on-road and ex-showroom costs, and for each latest and previously used cars! Dialabank makes it easier for you to avail such type of loans.

Car Loan Kalimpong 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 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

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Car Loan Kalimpong Documents Required

Documents required for car loan are as followed:

For Salaried Individuals:

  • Proof of Identification: Passport copy, PAN Card, Voters Identity card, Driving License
  • Income Proof: Latest three month’s salary slip along with form 16
  • Residence Proof: Ration card / Driving license / Voters identity card / Passport Copy / Telephone Bill / Electricity Bill / Life Insurance Policy / PAN Card
  • Bank Statement: Last six months.

For Self Employed Individuals:

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

Car Loan Kalimpong Eligibility Criteria

The car loan eligibility requirements are as followed in Kalimpong:

For Salaried Applicants

  • Minimum age: 21 years
  • Maximum age at loan maturity: 65 years
  • Minimum employment: 1 year in current employment and a minimum of two years of employment
  • Minimum Annual Income: Rs.100000 net annual income

For Self-Employed Applicants

  • Minimum age: 21 years
  • Maximum age at loan maturity: 65 years
  • Minimum Annual Income: Net profit Rs. 60000 per annum for standard cars and Rs.100000 per annum for mid-sized and premium cars
  • Minimum employment: At least three years of operation in the business

Car Loan for Major Car Manufacturers in Kalimpong

TABLE WILL APPEAR Apply for a Car Loan

Processing Fees / Prepayment Charges on Car Loan Kalimpong

Category Details
Processing Charges
1999 - 4999 + Tax
No prepayment is allowed until 12 EMIs are paid
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 Kalimpong

CIBIL score reflects your credit history within the past yet as your defaults in compensation of your previously availed loans anywhere in Kalimpong. An honest credit score is taken into account as 750 and higher than as most of the monetary authorities need a high credit score for constant. Each bank and NBFC has totally different criteria for a minimum CIBIL score they need to method your loan. A Lower CIBIL score than 750 will attract a better rate of interest.

A very low CIBIL score may cause rejection of your loan because it is that the very first thing a bank tracks before process your loan.

Car Loan Kalimpong Agent Contact Number

Contact us at 9878981166 or visit the website of Dialabank to know more about car loan for the best and instant guidance all across Kalimpong city!

Pre Calculated EMI Table for Car Loan Kalimpong

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 Kalimpong

About Kalimpong

Kalimpong is a municipality state of West Bengal, India. Kalimpong is known for its educational institutions, many of which were established during the Colonial Period. The world-famous Teesa River is located here and is the most loved tourist destination owing to its temperate climate, natural environment and proximity to popular tourist locations.  Kalimpong district region comes under Gorkhaland Territorial Administration which is an autonomous governing body within the state of West Bengal. The Indian Army’s twenty seven Mountain Division is located on the outskirts of the beautiful city.

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