Car Loan Talwara

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Car Loan Talwara

Best Banks for Car Loan in Talwara

Feature
HDFC Bank
ICICI 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 Talwara Features

car loan talwara

If you live in Talwara and want to own your dream car but don’t want to pay the entire price in one go, we are here for you! Dialabank helps you simplify the procedure of getting a car loan both brand-new and second-hand cars, and for both ex-showroom and on-road prices. In Talwara, you can also get access to a wide range of appealing features  when it comes to a car loan:

  • Car loans are available at low-interest rates and affordable EMIs. All you have to do is pay a lump sum down payment in the beginning and you’ll be good to go
  • Almost all major banks and NBFCs in Talwara have a tie-up with Dialabank so we’re your best agent
  • The documentation process is quick and hassle-free and can be done from within the comfort of your houses.
  • Loans are provided for an amount up to 3 times your per annum income in case of salaried employees and 6 times in case of self – employed.

Car Loan Talwara 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 Talwara Documents Required

Documents required for car loan are as followed:

For Salaried Employee

  • Identity Proof: Documents such as your passport copy, PAN Card, Voters ID card, Driving License
  • Income Proof:  The latest 3-month salary slip with form 16
  • Address Proof: Anything among your Ration card / Driving license / Voters card / Passport Copy / Telephone Bill / Electricity Bill / Life Insurance Policy /PAN Card
  • Bank Statements: for the last 6 months.

For Self Employed

  • Identity Proof: Documents such as your passport copy, PAN Card, Voters ID card, Driving License
  • Income Proof: The latest ITR proof
  • Address Proof: Anything among your Ration card / Driving license / Voters card / Passport Copy / Telephone Bill / Electricity Bill / Life Insurance Policy /PAN Card
  • Bank Statements: for the last 6 months.

Car Loan Talwara Eligibility Criteria

The car loan eligibility requirements are as followed:

For Salaried Employee

  • Minimum age: 21 years for a salaried individual
  • Maximum age at loan maturity: 60 and 65 years respectively
  • Minimum employment: 1 year in current employment and a minimum of 2 years of total employment
  • Minimum Annual Income: Rs 100000 net annual income

For Self Employed

  • Minimum age: individual and 30 years in case of a self-employed
  • Maximum age at loan maturity: 60 and 65 years respectively  individuals
  • Minimum employment: At least 3 years in business
  • Minimum Annual Income: The net profit Rs. 60000 p.a for standard cars and Rs.100000 p.a. for mid-sized and premium cars

Car Loan for Major Car Manufacturers in Talwara

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TABLE WILL APPEAR

Processing Fees & Prepayment Charges on Car Loan Talwara

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 Talwara

The CIBIL score is the most important factor in your application. It is the first thing considered by banks and NBFCs as it tells whether you are a trustworthy borrower or not. It is done to avoid bad loans. A higher Credit score means good credit history and makes your car loan application process smooth and easy as it shows that you are punctual in your payments.

Mostly, a credit score of 750 and above is considered a good score to approve your loan application process in Talwara. This score may again vary from bank to bank. So make sure you keep a check on your CIBIL score regularly.

Car Loan Talwara Contact Number

In case of any queries regarding the car loan in Talwara, you may dial-up the number 9878981166 for any sort of assistance. Or you can also visit us at Dialabank.

Pre Calculated EMI Table for Car Loan Talwara

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 Talwara

Talwara is located in the state of Punjab and borders with Himachal Pradesh. Its population is around 20000. Top tourist attractions include the Gurudwara Garna Saheb, the Damsel dam, the Kamahi Devi temple, the Gurudwara Tahli Sahib, and many more.

Car Loan EMI Calculator

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