Car Loan Pasighat

Best Banks for Car Loan in Pasighat

Car Loan Pasighat 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

Car Loan Pasighat

Car Loan Pasighat 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

Car Loan Pasighat EMI Calculator

Car Loan Pasighat 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

Car Loan Pasighat Fees and Charges: Leading Banks – Sep 23 2023

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
Private 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 Pasighat 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.

How to Get the Best Car Loan Interest Rates in Pasighat

The interest rate provided by the bank for every individual is separate, and this is decided based on many things. If a borrower wants to get the best deals for a car loan in Pasighat with the lowest interest rate, follow the steps below-

The borrower needs to maintain a good credit score to get a loan approved fast with a lower interest rate. Banks usually look at credit scores. If it is 750 or above, then they provide loans with a lower rate of interest.
The lender also checks for Debt to income ratio, which means what part of the borrower’s income is going for the loan.
Borrowers should compare with other banks before taking a decision. He must compare the standard interest rate, processing and other factors which affects loan.
When the borrower gets a loan, and it is time to decide repayment tenure. The borrower must go for a short time period. This will reduce the borrower’s total interest rate to be paid—the interest rate increases with the increase in time.

How to Apply for a Car Loan in Pasighat?

Visit Dialabank
Go to the loan section and select auto loan, followed by the car loan link.
The applicant will be directed to the car loan details, where they can choose their preferred city.

Which Bank in Pasighat Offers the Best Car Loans?

In Pasighat, you might come across many top banks and get many options for a loan. The best bank offering a car loan would be the one that provides you with the loan at a lower cost of interest. This can vary for every individual. To know which would be the best bank offering car loans, you need to compare, or you can contact Dialabank on 9878981166 and understand about interest rates provided by all banks. This service is free. You can ask about any loan or finance-related queries at any time.

Car Loan for Major Car Manufacturers in Pasighat

TABLE WILL APPEAR

Processing Fees / Prepayment Charges on Car Loan Pasighat

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
Prepayment Charges	>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 Pasighat

When it comes to the CIBIL score, you can understand it as the parameter that shows the borrower’s ability to repay the loan. This score is majority dependent on the past performance of the borrower in the loan process. It can be regular repayment or any negative comment. Banks and NBFCs prefer this score to be 750 or above. If you have a 750 or above CIBIL score, you need not worry about the loan process or interest rate.

For a good CIBIL score, the bank provides a loan at a lower interest cost and approves a loan request. Therefore, the loan process becomes way more easy and smooth with a good CIBIL score.

Car Loan Pasighat Contact Number

In case of any queries regarding the car loan in Pasighat, you may contact on the number 9878981166 for any assistance.

Pre Calculated EMI Table for Car Loan Pasighat

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 Pasighat

Pasighat is located in East Siang district which is in the Indian state of Arunachal Pradesh. The population of this place is 24,656. In case of any queries regarding the car loan in Pasighat, you may contact on the number 9878981166 for any assistance.

Car Loan Banks in Pasighat

BANK	Bank Address	IFSC
CENTRAL BANK OF INDIA	PASIGHAT BRANCH, NEAR LIC OF INDIA, 1ST FLOOR, PASIGHAT POST, EAST SIANG DISTRICT, ARUNACHAL PRADESH-791102	CBIN0284538
CANARA BANK	OSMAN SHOPPING COMPLEX, MAIN MARKET, PASIGHAT – 791102	CNRB0004073
HDFC BANK	HDFC BANK LTD PASIGHAT MARKET, BEHIND SBI PASIGHAT ARUNACHAL PRADESH	HDFC0002270
Private BANK LIMITED	WARD NO 8 NH 52B BASKOTA PASIGHAT DIST EAST SIANG ARUNACHAL PRADESH 791102	ICIC0003249
NORTH EAST SMALL FINANCE BANK LIMITED	COMMERCIAL PLOT NO.652,PASSIGHAT MARKET,PASSIGHAT BAZAR,PO – PASSIGHAT,PS PASSIGHAT	NESF0000067
PUNJAB NATIONAL BANK	PNB ORIN MARKET PASIGHAT BAZAR EAST SIANG AR PASIG 791102	PUNB0883100
STATE BANK OF INDIA	DISTEAST SIANG ARUNACHAL PRADESH 791102	SBIN0001395
STATE BANK OF INDIA	ASSA COMMERCIAL COMPLEX, NEAR ASSA NURSHING HOME, HIGH REGION PASIGHAT, DIST EAST SIANG, ARUNACHAL PRADESH-791102	SBIN0017667
AXIS BANK	NEAR VIJAYA BANK, UPPER BANIKATA, N.H. 52 PASIGHAT PIN-791102 ARUNACHAL PRADESH	UTIB0002141

FAQ’s About Pasighat Car Loan

✅ Can the applicant negotiate the interest rate of the car loan?

Yes, an applicant can ask the lender to decrease the interest rate.

✅ If applicants are planning to buy a second-hand car. Can they get a car loan for this?

Yes, Banks also provide car loans for second hand or used cars. But the interest rate charged on this would be high.

✅ What should be my credit score to get a car loan in Pasighat?

An individual should maintain a credit score between 750 to 900 to get a car loan in Pasighat.

Buy your dream Car