Car Loan Sibsagar

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Car Loan Sibsagar

Best Banks for Car Loan in Sibsagar

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 Sibsagar Features

car loan sibsagar

Being a resident of a leading city like Sibsagar, having your own car must be on your wishlist. But if you don’t have the funds for it, you have come to the right place! Dialabank is here to assist you to get car loans for both brand-new and second-hand cars, for both ex-showroom and on-road prices. With us, you can get access to many features of car loans in Sibsagar such as: –

  • Car loans are available at low-interest rates, which may vary from bank to bank so make sure you compare and choose wisely!
  • Almost all major banks and NBFCs offer car loans in Sibsagar.
  • The documentation process is quick and hassle-free, so we can help you fulfil your dream with great efficiency.
  • Car loans are easily available through DialaBank.

For availing a car loan offline you will have to visit the branch personally, which would have been hectic for you. So we decided to come to you online instead!

Car Loan Sibsagar Interest Rates

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

Apply for a Car Loan

Car Loan Sibsagar Documents Required

Documents required for car loan are as followed:

For Salaried Individuals:

  • Proof of Identification: Passport copy, PAN Card, Voters ID card, Driving License
  • Income Proof: Latest 3-month salary slip with form 16
  • Residence Proof: Ration card / Driving license / Voters card / Passport Copy / Telephone Bill / Electricity Bill / Life Insurance Policy /PAN Card
  • Bank Statement: Last 6 months.

For Self Employed Individuals:

  • Identification Proof: Passport copy, PAN Card, Voters ID card, Driving License
  • Income Proof: Latest ITR
  • Address Proof(anyone): Ration card/ Driving license / Voters card / Passport Copy / Telephone Bill / Electricity Bill / Life Insurance Policy /PAN Card
  • Bank Statement: Last 6 months.

Car Loan Sibsagar Eligibility Criteria

The car loan eligibility criteria requirements are as followed in Sibsagar:

For Salaried Applicants

  • Minimum age: 21 years
  • Maximum age at loan maturity: 65 years
  • Minimum employment: 1 year in current employment and a minimum of 2 years of employment
  • Minimum Annual Income: Rs.100000 net annual income

For Self-Employed Applicants

  • Minimum age: 21 years
  • Maximum age at loan maturity: 65 years
  • Minimum employment: At least 3 years in business
  • Minimum Annual Income: Net profit Rs. 60000 per annum for standard cars and Rs.100000 per annum for mid-sized and premium cars

Car Loan for Major Car Manufacturers in Sibsagar

TABLE WILL APPEAR Apply for a Car Loan

Processing Fees / Prepayment Charges on Car Loan Sibsagar

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 Sibsagar

The CIBIL score is referred to as what defines your ability to pay off your credits and is based on your repayment history. A higher Credit score means good credit history and makes your car loan application process smooth and easy to be processed. Mostly, banks and NBFCs consider a credit score of 750 and above as a good score to approve your loan application process in Sibsagar. This score may again vary from bank to bank. CIBIL score is important because if it is lower than the required value, you will be required to pay a high car loan interest rate on the loan amount.

Car Loan Sibsagar Contact Number

In case of any queries regarding a car loan in Sibsagar, you may contact us on the number 9878981166 or visit our website Dialabank for trustworthy assistance.

Pre Calculated EMI Table for Car Loan Sibsagar

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

Car Loan EMI Calculator Sibsagar

About Sibsagar

Sibsagar, also known as Sivasagar, is located in the state of Assam and gets its name from the lake located in the heart of the city. Top sights here include the Siva Dol, the Devi Dol, the Talatal Ghar, the Rang Ghar etc. with its population of around 51,000. The province was conquered by the British during 1820s and was completely annexed around the same year. For administrative purposes, it was divided into three sub-divisions.

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