Car Loan Port Blair

Best Banks for Car Loan in Port Blair

Feature	HDFC Bank	Private 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 Port Blair 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 Port Blair

Car Loan Port Blair 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 Port Blair EMI Calculator

Car Loan Port Blair 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 Port Blair Fees and Charges: Leading Banks – Apr 20 2024

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 Port Blair 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 Port Blair

The interest rates on vehicle loans offered by different lenders in Port Blair may vary, but they are all reasonable and competitive. If you want to get a Car Loan in Port Blair with the lowest interest rate, follow the steps below:

Compare various lenders and their offers – Every lender offers many types of schemes and offers. Make sure you do detailed research before taking the loan.
Maintain a good debt-to-income ratio – The debt-to-income ratio indicates how much of an applicant’s income goes toward loan repayment, and lenders take this into consideration when setting interest rates.

How to Apply for a Car Loan in Port Blair?

Availing of a Car Loan in Port Blair is an easy process with Dialabank. Few steps to be followed are:

Visit the Dialabank website.
Choose the Car Loan option.
Provide the details of the car and your income details.
Our relationship manager will soon call you on your cell number.
You can also call our relationship managers on 9878981166

Which Bank in Port Blair Offers the Best Car Loans?

Many banks, including HDFC, Private, and SBI, offer vehicle loans here. The best lender is one that can provide you with the loan amount you need at a suitable interest rate and can hand out the funds as quickly as possible.

Car Loan for Major Car Manufacturers in Port Blair

TABLE WILL APPEAR

Processing Fees / Prepayment Charges on Car Loan Port Blair

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 Port Blair

The CIBIL score is what defines your ability to pay off your debts. A high credit score means healthy repayment history which in turn makes your Car Loan application process smooth. Mostly, banks consider a score of 750+ as a decent score to approve your loan process.

Car Loan Port Blair Contact Number

In case of any doubts regarding the Car Loan in Port Blair, you may contact on the number 9878981166 for any assistance.

Pre Calculated EMI Table for Car Loan Port Blair

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 Port Blair

Port Blair is the capital of the Andaman & Nicobar Islands. A major tourist attraction here is the seafront Cellular Jail built by the British, which is now a memorial for Indian freedom fighters. Its population is around a lakh.

Car Loan Banks in Port Blair

Bank Name	Bank address	IFSC Code
ALLAHABAD BANK	POST BOX NO. 304 PORT BLAIR 744101 ANDAMAN & NICOBAR ISLAND PORT BLAIR ANDAMAN & NICOBAR 744101	ALLA0211921
BANK OF BARODA	BJP BHAVAN 1ST FLOOR, SUPPLY LINE, M.G. ROAD (MIDDLE POINT) PORT BLAIR 744 101 ANDAMAN & NICOBAR ISLAND	BARB0PBLAIR
CENTRAL BANK OF INDIA	R. B. JANTA MARKET, ABERDEEN BAZAR, PORT BLAIR, SOUTH ANDAMAN – 744101	CBIN0283906
CANARA BANK	KRISHNA HOUSE, ABERDEEN BAZAR, PORT BLAIR 744 104	CNRB0001185
CANARA BANK	ATS SHOPPING COMPLEX, ANDAMAN TRUNK ROAD, GARACHARMA, PORT BLAIR, SOUTH ANDAMAN 744105	CNRB0005214
HDFC BANK	HDFC BANK LTD. 201, MAHATMA GANDHI ROAD, JUNGLIGHAT, PORT BLAIR ANDAMAN AND NICOBAR ISLAND 744103	HDFC0001994
HDFC BANK	98, MAULANA AZAD ROAD, PORT BLAIR, 744101, ANDAMAN & NICOBAR ISLAND	HDFC0CANSCB
IDBI BANK	O26. MG ROAD ABERDEE BAZAR, PORTBLAIR-744101,A&ISLADS	IBKL0001498
Private BANK LIMITED	MB 23, MIDDLE POINT, PORT BLAIR – 744101, ANDAMAN	ICIC0002144
INDIAN BANK	22 BABU LANE ABERDEEN BAZAAR POT BLAIR 744101	IDIB000P117
INDIAN BANK	PAHARGAONNEAR GANESH TEMPLE PATHER GUDDA PORT BLAIR	IDIB000P259
INDIAN OVERSEAS BANK	DELANIPUR JUNCTION, PO HADDO PORT BLAIR PIN 744102	IOBA0001265
PUNJAB NATIONAL BANK	PUNJAB NATIONAL BANK	PUNB0216700
PUNJAB NATIONAL BANK	BATHUBHASTI, GARACHARMA PORT BLAIR ANDAMAN AND NICOBAR	PUNB0594300
STATE BANK OF INDIA	MOMMOE BAY, PO JUNCLICKAL, ANDAMAN AND NICOBAR 744103	SBIN0008721
STATE BANK OF INDIA	P.O. JUNGLI GHAT, PORT BLAIR, DIST. ANDAMAN, ANDAMAN AND NICOBAR , PIN-744103	SBIN0008722
STATE BANK OF INDIA	DIST ANDAMAN, ANDAMAN AND NICOBAR 744101	SBIN0009670
STATE BANK OF INDIA	1ST FLOOR, SBI COMPLEX, MOHANPURA, PORT BLAIR, SOUTH ANDAMAN, ANDAMAN NICOBAR ISLANDS 744101	SBIN0010381
STATE BANK OF INDIA	REGIONAL OFFICE, MOHANPURA, PORT BLAIR, SOUTH ANDAMAN744101	SBIN0014868
STATE BANK OF INDIA	PROTHRAPUR JUNCTION, PORT BLAIR, DIST.SOUTH ANDAMAN, ANDAMAN AND NICOBAR-744105	SBIN0018262
SYNDICATE BANK	19 TAGORE RD GANDHI NAGAR MOHANPURA PORT BLAIR 744101	SYNB0009900
SYNDICATE BANK	SYNDICATE BANK, ROOM NO 1, C O KALIPADA MISTRY, BUILDING NEIL KENDRA, SOUTH ANDAMAN, ANDAMAN AND NICOBAR INDIA -744104	SYNB0009914
TAMILNAD MERCANTILE BANK LIMITED	FIRST FLOOR, KALAIGNAR ARIVALAYAM, OPP TO DR.B.R.AMBEDKAR AUDITORIUM, MOHANPURA, PORT BLAIR- 744 101, ANDAMAN	TMBL0000323
UNION BANK OF INDIA	10 GANDHI BHAVAN, MG RD ABERDEEN BAZAAR PIN CODE 744101	UBIN0563854
UCO BANK	UCO BANKPORT BLAIR BRANCH 744101	UCBA0001757
UNITED BANK OF INDIA	BIRDLINE,PO- GARACHARM, PORT BLAIR	UTBI0PHRA60
AXIS BANK	5 MIDDLE POINT	UTIB0000157
AXIS BANK	GROUND AND FIRST FLOOR, OPPOSITE HOTEL KARPAGAM, GARACHARMA.PORT BLAIR, DIST.SOUTH ANDAMANS, ANDAMAN AND NICOBAR, PIN 744105	UTIB0001898
YES BANK	GROUND FLOOR AND FIRST FLOOR, SURVEY NO 10412, JUNGLIGHAT, PORT BLAIR, PORT BLAIR, ANDAMAN & NICOBAR-744103	YESB0000448

FAQ’s About Port Blair Car Loan

✅ What types of cars can I purchase with a Car Loan?

You can buy any model or type of car with Car Loans.

✅ Can the car about to be purchased placed as collateral against the loan?

Yes, it can be placed as collateral to take out the loan.

✅ Where can I get an Interest Calculator?

You can use the EMI calculator available on Dialabank. The interest rate can be calculated by filling out the relevant details such as your salary, company, and work experience, depending on which interest rates will be given.