Car Loan Mokokchung

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Best Banks for Car Loan in Mokokchung

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 Mokokchung Features

car loan mokokchung

Looking to buy a new car? Facing a shortage of cash? No need to worry now. Car Loan is the least difficult and most reasonable approach to fund your car at low-interest rates and with negligible paperwork. Similar to other loans, they also have certain qualifying requirements but they are not strict. When a person has a secure source of income and required documentation, then the banks and NBFCs are easily offering car loans without any difficulty.

Car Loan Mokokchung 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
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

Car Loan Mokokchung Documents Required

While Availing for instant Car loans some important documents are required. Some of them are mentioned as under:

    • Identity Proofs: PAN Card, Driving License, Passport or Voters ID
    • Monthly income proof: salary receipt for salaried persons and last three years of IT return for businessmen
    • Proof of Address: Electricity Bill, Ration Card, Life Insurance Policy, etc.
    • Bank Passbook transactions of the last 6 months
    • Previous 3 years IT Returns for self-employed
    • 2 Passport size photographs

Car Loan Mokokchung Eligibility Criteria

  1. The age limit for a car loan goes from a minimum of 21 to a maximum of 65 years
  2. A working individual must earn a minimum wage of Rs 25000.
  3. A self-employed person has to have their business going from the last three years at least.
  4. A salaried employee has to serve at least one year in the current company.

How to Apply for Car Loan in Mokokchung?

Today, it is pretty simple to avail a car loan online as it saves you time as well as physical inconvenience

  1. Visit our website DialaBank.
  2. Select Car Loans on the homepage.
  3. Fill an online application form and provide all the necessary details and documents to check for eligibility
  4. Provide your current contact number so that our executives can get in touch with you for further assistance.

If you want to avail car loans through offline method you could visit the nearest bank to do so. But this method will take time as it requires multiple visits to the bank to finalize the loan.

Processing Fees & Prepayment Charges on Car Loan Mokokchung

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 Mokokchung

CIBIL score is an important criterion on the basis of which banks and NBFCs approve any customer a car loan. For each lending institution, the minimum criteria of a CIBIL score for a car loan are different. Generally speaking, a score above 800 is considered decent for any individual to be eligible for a car loan application.

It is important that one should clear all the pending debts in order to maintain a good credit score. Default in your credit score may hinder your opportunities for availing a fresh loan in the future.

Car Loan Mokokchung Contact Number

To get an instant car loan you can visit DialaBank or call on 9878981166 to get personalized assistance. Our relationship managers are well trained and will assist you in the best way possible in order to provide you with the deal most suited for you.

Pre Calculated EMI Table for Car Loan Mokokchung

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

We have eased out the procedure to calculate your monthly EMI. You can calculate your EMI here: Car Loan EMI Calculator

About Mokokchung

Mokokchung is a small community in the Mokokchung area in the province of Nagaland. Mokokchung is the social nerve center of the Ao individuals and is monetarily and politically the most significant urban center in northern Nagaland.

Special Note: Banks do not provide Car Loans to bad credit holders, but one can fulfill their money requirement with Gold Loan easily.

Car Loan EMI Calculator

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