Car Loan Serampore

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Rates as low as 8.50%*
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Best Banks for Car Loan in Serampore

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 Serampore Features

Car Loan SeramporeWith a variety of cars coming to market every week, who does not want to upgrade their lifestyle and have a brand new car? But mostly this wish is not fulfilled due to financial constraints. Car Loans provide you the facility to finance the car you want at affordable rates without much paperwork.

Car Loans are secured loans that almost all the banks and NBFCs offer. Generally, the car you purchase serves as the collateral security and the lender can confiscate it if you fail to repay the loan amount.

Car Loan Serampore 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 Serampore Documents Required

  1. Proof of Identity: Aadhar Card/ Driving License/ Passport Copy, etc.
  2. Proof of income: Previous 3 months bank statements and salary slips for a salaried individual and recent ITR files for a self-employed individual
  3. Residential Proof: Water Bill/ Telephone bill/ Voter ID/ Passport Copy
  4. 2 recent passport size photographs

Car Loan Serampore Eligibility Criteria

  1. The age limit for a car loan is 21 to 65 years for salaried employees and 25-60 years for self-employed individuals
  2. A salaried employee must be working in the current organization for at least a year.
  3.  An employed individual must have a minimum salary of Rs 25000.
  4. A Self-employed individual must have their business running from at least the past three years.

How to Apply for Car Loan in Serampore?

The easiest and convenient way to apply for a car loan is the online method. It’s a time-saving process and a simple procedure as well.

  1. Visit our website DialaBank to know about the best offers in the market.
  2. Click on Car Loans on the homepage.
  3. Fill an online application form stating all the personal and professional details.
  4. Provide your correct contact number so that our relationship manager can get in touch with you for further assistance.

There is also an offline method available for applying a car loan which requires the borrower to physically visit the nearest branch office of the bank and complete all the formalities.

Processing Fees & Prepayment Charges on Car Loan Serampore

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 Serampore

CIBIL score is an important aspect based on which the banks and NBFCs approve a car loan to any customer. The minimum requirement of a credit score for a car loan varies from bank to bank. Generally, a score above 750 is considered to be decent for any individual to be eligible to apply for a car loan.

It is important that one should clear all the pending dues and debts of previous loans 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 Serampore Contact Number

To get instant car loan you can visit our website or call on 9878981166 to get free assistance. Our executives are well trained and will assist you in the best way possible in order to provide you with a deal most suited for you.

Pre Calculated EMI Table for Car Loan Serampore

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

You can calculate your EMI here: Car Loan EMI Calculator

About Serampore

Situated in the district of Hooghly, Serampore is a city in the state of West Bengal. The climate found here is hot and humid and is ideal for the growth of cotton and silk weaving. Therefore, the place is suited for the textile industry. First Bengali newspaper, Samachar Darpan had the publication started from this city itself.

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

Car Loan EMI Calculator

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