Car Loan Kolkata

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Car Loan Kolkata

Best Banks for Car Loan in Kolkata

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 Kolkata FeaturesCar loan Kolkata

Purchasing a car from your own pocket is a difficult task for the single earner of the family, but there is a saying if all of the doors are shut there is always a ray of hope. Thus, Car Financing is the best way to attain cash in a short span of time. It is a better way to arrange funds to purchase the dream car with ease.

Features include:

  • Easy monthly repayment options
  • Instantly available
  • Loan Tenure period varies from 1-7 years
  • Affordable interest Rates
  • No hidden charges
  • Quick approval with minimum documentation

Why DialaBank?

  1. We let you sit at the comfort of your home and provide you with the loan without any hassle.
  2. We have tie-ups with top Banks and NBFCs of the country to provide you with the best in class service.
  3. We offer you the lowest rate of interest in the market.
  4. We Charge no money from our customers for the services that we provide.
  5. Our team of experts and Relationship managers helps you in every step of the journey to acquire a loan.

Car Loan Kolkata 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

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Car Loan Kolkata Documents Required

Documents required for car loan are as followed:

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

Car Loan Kolkata Eligibility Criteria

Car loan eligibility criteria differ for the salaried and self-employed in the following manner:

SALARIED INDIVIDUALS

  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. Least Annual Income: Rs 100000 net yearly pay.

SELF-EMPLOYED INDIVIDUALS

  1. Minimum age: 30 years
  2. Maximum age at loan maturity: 65 years
  3. Minimum employment: At least 2 years in business
  4. Minimum Annual Income: Net profit Rs. 60,000 Per Annum for standard cars and Rs.1,00,000 Per Annum for mid-sized and premium cars

How to Apply for Car Loan in Kolkata?

Applying for a car loan is easy with DialaBank. Just visit our website at dialabank and follow these steps:

  1. Click on the car loan option from the options available.
  2. Fill in the required details in the form as required, like name, income, etc.
  3. Submit the form and wait for our experts to evaluate your application.
  4. You will be contacted by our car loan customer Relationship manager on your number provided who will guide you through the further process.

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Car Loan for Major Car Manufacturers in Kolkata

TABLE WILL APPEAR

Processing Fees & Prepayment Charges on Car Loan Kolkata

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 Kolkata

CIBIL score reflects your credit history in the past as well as your defaults in repayment of your previous loans. A good credit score is considered as 750 and above as most of the financial institutions ask for a high credit score. Every bank and NBFC has different criteria for a minimum CIBIL score they require to process your loan. A Lower CIBIL score than 750 can attract a higher rate of interest.

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Car Loan Kolkata Contact Number

For any car loan queries and for any support, call us on 9878981166

Pre Calculated EMI Table for Car Loan Kolkata

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 Kolkata

Kolkata (earlier Calcutta) is the capital of India’s West Bengal state. Established as an East India Company general store, it was India’s capital under the British Raj from 1773–1911. Today it’s known for its fabulous provincial engineering, craftsmanship exhibitions, and social celebrations. It’s likewise home to Mother House, the central station of the Missionaries of Charity, established by Mother Teresa, whose burial chamber is nearby.

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