Car Loan Sivasagar

Best Banks for Car Loan in Sivasagar

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 Sivasagar Features

Car Loan Sivasagar

A car that once used to be luxury has now become a necessity. A car Loan is an offer that provides finance to the people to acquire their vehicle. It is a loan that allows a person to pay for the vehicle in instalments rather than paying it at once.

A car loan is a financial help provided by banks and NBFC’s to fulfil your dream of having your car. They provide necessary funding for purchasing a car which can be on Ex-Showroom Price or On-Road Price of the car. A Car Loan is a secured loan with easy repayment options. The loan amount is offered on Interest charges which vary from bank to bank. One can pay for the vehicle in easy instalments.

Visit Dialabank to avail of your car loan in Sivasagar.

Car Loan Sivasagar 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 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

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Car Loan Sivasagar Documents Required

Documents required for a car loan are as followed:

For Salaried Employee

  1. Identity Proof:  ID like Passport copy, PAN Card, Voters ID card, Driving License
  2. Income Proof: It is  necessary to provide the latest 3-month salary slip with form 16
  3. Address Proof: Permanent address proof like Ration card / Driving license / Voters card / Passport Copy / Telephone Bill / Electricity Bill / Life Insurance Policy /PAN Card
  4. Bank Statement: The last six months’ statement to be submitted by the applicant from Sivasagar.

For Self-Employed

  1. Identity Proof: ID like Passport copy, PAN Card, Voters ID card, Driving License
  2. Income Proof: Latest ITR proof of the firm by the applicant
  3. Address Proof: Permanent address proof like Ration card / Driving license / Voters card / Passport Copy / Telephone Bill / Electricity Bill / Life Insurance Policy /PAN Card
  4. Bank Statement: The last six months’ statement to be submitted by the applicant from Sivasagar.

Car Loan Sivasagar Eligibility Criteria

The car loan eligibility requirements are as followed:

   SALARIED INDIVIDUALS

  • Minimum age: At least 21 years of the applicant
  • Maximum age: At a loan maturity of 65 years at the time of tenure completion of the loan
  • Minimum employment: 1 year in current employment and a minimum of 2 years of employment for an applicant from Sivasagar
  • Minimum Annual Income: Rs 100000 net annual income

   SELF-EMPLOYED INDIVIDUALS

  • Minimum age: At least 30 years of the applicant
  • Maximum age: At a loan maturity of 65 years
  • Minimum employment: At least 2 years in business
  • Minimum Annual Income: Net profit Rs. 60,000 Per Annum for standard cars and Rs.1,00,000 Per Annum for mid-sized and premium cars

Car Loans for Major Car Manufacturers in Sivasagar

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TABLE WILL APPEAR

Processing Fees & Prepayment Charges on Car Loan Sivasagar

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 Sivasagar

A CIBIL score is a numeric score that describes an applicant’s ability to repay his past loans efficiently and regularly. Maintaining a good CIBIL score is essential if you want to avail of a car loan at a lower interest rate. Also, having a good CIBIL score increases the processing speed of your application.

Most of the banks except a 750+ score to process your car loan in Sivasagar but these may be higher or lower depending upon the individual requirements of the banks. The minimum CIBIL score requirement for car loans in Chennai may vary from banks to banks.

Car Loan Sivasagar Contact Number

Apply for a Car Loan

Apply online on the Dialabank site and get the best offers on a car loan with instant approval and extra benefits or make a call on this number 9878981166

Pre Calculated EMI Table for Car Loan Sivasagar

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 Sivasagar

Sivasagar, is a city in and headquarters of the Sivasagar district Assam state, India. The city gets its name from the big lake, Sivasagar is situated in the heart of the city. The lake was commissioned by the Ahom king Siva Singha. It lies about 360 kilometres northeast of Guwahati. Assamese is the official language used by Sivasagar citizens. Dibrugarh and Jorhat are the nearest cities from Sivasagar.

In 2011, Sivasagar had a population of 50,781 of which males and females were 26,925 and 23,856 respectively. In the 2001 census, Sivasagar had a population of 53,854. In the 2001 census, this figure for Sivasagar District was at 0.17 percent of Assam’s population.

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

Car Loan EMI Calculator

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