Car Loan Kurseong

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Car Loan Kurseong

Best Banks for Car Loan in Kurseong


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Car Loan Kurseong Features

Loan Approval in 30 Minutes
Lowest Rate of Interest
Up to 100% on Road Loan
Minimum Documentation
Paperless Process
Flexible Repayment
Zero Foreclosure
24 x 7 Online Payment Facility
No Hidden Charges

This Car loan Kurseong is an offer that provides finance to people for buying a new or used car. A car loan will allow a person in Kurseong to pay for the vehicle in instalments rather than spending it at once. In addition, it requires minimum documentation with a fewer fees process.

Car Loan Kurseong


car loan

Car Loan Kurseong Eligibility Criteria

Salaried Individual
Age – 21 years to 60 years
Net Monthly Income – Minimum ₹ 20,000
Employment Duration – 1-year minimum
Income Eligibility – Based on Form 16 and salary slip
Self-Employed Individuals
Age – 21-65 years of age
Minimum ITR – Rs.2 lakh
Employment Duration – Minimum 3 years
Income Eligibility – Depends on the latest Income Tax Returns
Self-Employed Non-Individuals (Company/Partnership)
Minimum ITR – Rs. 2 lakh
Employment Duration – 3 years minimum
The applicant has to present IT returns and audited financials of 2 years with Calculated Income.
Priority Customers
At least 6-month vintage
Average Quarterly Balance – 2 quarters balance at a minimum of Rs.1 lakh
Maximum Loan Amount – 3 times the Average Quarterly Balance of the last 2 Quarters


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Car Loan Kurseong EMI Calculator

Car Loan Kurseong Fees & Charges

Charges New Car Loan Used Car Loan
Interest Rate

7.35% per annum

11.80% p.a. to 13.80% p.a.
Car loan Processing fees 0.5% 0.5%
Issuance of Duplicate Repayment Schedule Charges Around Rs.500 Around Rs.500
Foreclosure Charges 0.06 0.06
Penal Interest 2% PM 2% PM
Car loan Part Payment charges 6% of the amount 6% of the amount
Cheque/Instrument Swap Charge Around Rs.500 Around Rs.500
Documentation Charge Around Rs. 500 Around Rs. 500
Issuance of Duplicate No Dues Certificate Charges Around Rs. 500 Around Rs. 500
Registration Certification Collection Charge Around Rs. 200 Around Rs. 200
Cheque Bounce/Instrument Return Charges Around Rs. 500 Around Rs. 500
Issuance of Duplicate Statement Charges Around Rs. 500 Around Rs. 500
Loan Cancellation/Re-booking Charges Around Rs. 1000 Around Rs. 1000
Issuance of Credit Report Around Rs. 50 Around Rs. 50


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Car Loan Kurseong Fees and Charges: Leading Banks – May 25 2022

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

Car Loan Kurseong Documents Required

Salaried Individual

Category
Documents Required
Identity Proof (Any 1) Passport
Voter ID
Aadhar Card
Driving License
Address Proof (Any 1) Aadhar Card
PAN
Driving License
Electricity Bill
Date of Birth Proof(Any 1)
Passport
Birth Certificate
High School Marksheet
Driving Licence
Signature Proof(Any 1)
PAN
Bankers Verification
Passport
Income Proof
Salary Slip and latest Form No.16
Bank Statement
Last 6 month Bank statement
Employment Continuity Proof
Job card by NREGA
ITR of Form no. 16
Salary Slip mentioned with joining date
Letter of Appointment

 

Self-Employed Individuals

Category
Documents Required
Identity Proof (Any 1) PAN Card
Passport
Voter ID
Aadhar Card
Address Proof (Any 1) PAN Card
Voter ID
Passport
Electricity Bill
Date of Birth Proof (Any 1) Birth Certificate
Passport
Driving Licence
PAN
Signature Proof (Any 1)
PAN
Bankers Verification
Passport
Bank Statement
Bank statement of last 6 months
Employment Continuity Proof
Latest ITRs
Shop & Establishment Act Certificate
Shop & Establishment Act Certificate
Sales Tax or VAT Certificate
Business Proof
Registration Certificate
Telephone Bill/Electricity Bill
Shop & Establishment Act Certificate
SSI or MSME Registration Certificate

 

Self-Employed Non-Individuals:

1. Partnership Firms/Societies

Category
Documents Required
Identity Proof (Any 1) Driving Licence
PAN Card
Aadhar Card
Passport
Address Proof (Any 1)
Electricity Bill/Telephone Bill
Aadhar Card
Driving License
Voter ID
Income Proof
Audited Balance Sheet
P&L Account
ITR for the previous 2 years
Bank Statement Last 6 month
Business Continuity Proof
Company ITR of the last 2 years
Audited Balance Sheet
TAX registration Certificate
Current Account Statement
Additional documents
Letter of Authority or PAN Card

 

2. Private Limited/Limited Companies

Category
Documents Required
Identity Proof
The latest copy of MOA and AOA
Copy of Incorporation
Address Proof (Any 1)
SSI/MSME Registration Certificate
Telephone Bill
Electricity Bill
Shop & Establishment Act Certificate
Sales Tax Certificate
Income Proof
Audited Balance Sheet
P&L Account and ITR for the previous 2 years
Bank Statement Previous 6 Months
Business Continuity Proof
P&L account and
ITR of the Company of the past 2 years
Audited Balance Sheet
Shop & Establishment Act Certificate
Additional documents
List of Shareholding partners and Directors
Board Resolution
PAN Card
Certificate of Commencement of Business for Ltd. Co.


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How to Get the Best Car Loan Interest Rates in Kurseong

Car loans in Kurseong offered by each lender are different, but they are reasonable.

  • Choose a shorter repayment for a Car Loan in Kurseong– People believe that lengthier repayment terms are better as EMIs for such car loan in Kurseong is low. However, they don’t seem aware that lenders in Kurseong view lengthier payback terms as an indication of a borrower’s low repayment capabilities, so they charge higher interest in Kurseong.
  • Research and compare offers by different lenders in Kurseong– You should explore and compare the benefits offered by different lenders in Kurseong. Comparing can help you determine the lenders in Kurseong that provide the best interest rates and which lender in Kurseong to choose for a car loan.
  • Maintain a modest debt-to-income ratio for a Car Loan in Kurseong– The debt-to-income ratio in Kurseong measures how much of your income goes toward other loan repayments in Kurseong. Lenders in Kurseong take this into account when setting interest rates. So if your debt-to-income ratio is lower, you can get a car loan in Kurseong easily.
  • Car Loan in Kurseong Maintain a good credit score– Lenders in Kurseong will be pleased to offer you a car loan with cheaper interest rates if you have a good credit score. Lenders in Kurseong consider a credit score of above 750 to be reliable. Many lenders in Kurseong may give auto loans to people with bad credit, but they demand a higher interest rate for such car loans in Kurseong.


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How to Apply For a Car Loan in Kurseong?

  1. Firstly visit Dialabank.
  2. Secondly, Fill the online application form.
  3. Thirdly, Enter the basic information in the above application form.
  4. After that, you will get a call from our side.
  5. Moreover, for more information, you can call at 9878981166 with your city code.
  6. The process is very easy and simple.

Which Bank in Kurseong Offers the Best Car Loans?

Many banks and NBFCs, like ICICI, SBI and HDFC, offer vehicle loans in Kurseong. However, the finest lender in Kurseong is one that provides you with a Car Loan Kurseong at a reasonable interest rate and can provide the funds as quickly as possible. Therefore, it is always better to compare your vehicle loans from many lenders in Kurseong before applying for one that meets all your needs.


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Car Loan for Major Car Manufacturers in Kurseong

TABLE WILL APPEAR

Processing Fees / Prepayment Charges on Car Loan Kurseong

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


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CIBIL Score Required for Car Loan in Kurseong

The CIBIL score defines your ability to pay off your Car Loan in Kurseong. A good Credit score means good credit history and makes your car loan Kurseong process smooth and easy to be processed. Mainly, banks and NBFCs in Kurseong consider a credit score of 750 and above as a reliable score to approve your loan in Kurseong.


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Car Loan Kurseong Contact Number

For Car Loan Kurseong queries, you can call 9878981166.


car loan

Pre Calculated EMI Table for Car Loan Kurseong

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


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About Kurseong

It is a city in Darjeeling of West Bengal, India. Therefore, it is very beneficial for an individual to take a Loan from Dialabank. All you have to do is to visit the website Dialabank


car loan

Car Loan Banks in Kurseong IFSC

Bank Name Bank Address IFSC Code
ALLAHABAD BANK 120, T. N. ROAD. KURSEONG DIST- DARJEELING ALLA0210496
BANK OF BARODA 119 TN ROAD, PO KURSEONG, DIST DARJEELING, WEST BENGAL – 734203 BARB0KURSEO
CENTRAL BANK OF INDIA HILL CART ROAD, P.O. KURSEONG, DIST-DARJEELING, WEST BENGAL-734203 CBIN0281282
HDFC BANK GRD FLR 141 A HILL CART ROAD KURSEONG DIST DARJILING WEST BENGAL DARJILING WEST BENGAL 734203 HDFC0009236
ICICI BANK LIMITED ICICI BANK LTD., RANJEET RESTAURANT, HILL CART ROAD, KURSEONG, DARJEELING, PIN- 734203 ICIC0002002
INDIAN OVERSEAS BANK TEKENDRA ZIMBA,MIRIK,WEST BENGAL – 734214 IOBA0003456
STATE BANK OF INDIA DIST DARJEELING, WEST BENGAL 734 203 SBIN0000123
AXIS BANK GROUND 1ST FL 41 HILL CART ROAD OPP GOENKA PETROL PUMP PS KURSEONG DISTRICT DARJEELING WB 734203 UTIB0002830
THE WEST BENGAL STATE COOPERATIVE BANK BELOW SUB-DIV. HOSPITAL, P.O. KURSEONG, DT. DARJEELING, PIN -734203 WBSC0DJCB05

FAQ’s About Kurseong Car Loan

✅ How to Check your loan status for Car Loan Kurseong?

You can track your car loan status online on the bank’s official website.

✅ How to Calculate Car Loan Interest in Kurseong?

Use Dialabank’s EMI calculator to find out your interest as well as your EMI.

✅ What is the maximum loan amount I can avail of on a Car Loan from banks in Kurseong?

The maximum loan amount you can avail of on a car loan in Kurseong is up to 100% of On Road Price.