Car Loan Tawang

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Best Banks for Car Loan in Tawang

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 Tawang Features

Car Loan Tawang

Thinking of purchasing your dream car? But don’t have the required funds? Worry not! A car loan is here for you. We Dialabank financial services, which help customers to compare, analyze, and choose the best loans possible.

A car loan is a means of funding or financial help provided by banks and NBFCs to applicants at an affordable rate of interest to aid them in buying a car. Since cars have now become a necessity for everyone, but the cost of cars is growing rapidly daily. This is where a car loan comes into play, and fulfills your desire to be the owner of a luxurious car. The main features of a car loan in Tawang are:

  • Car loans are available at low-interest rates
  • Almost all major banks and NBFCs offer car loans in Tawang
  • The documentation process is quick and hassle-free
  • Car loans are easily available through DialaBank

Car Loan Tawang Interest Rate

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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 Tawang Documents Required

The essential documents required to get a car loan approved in Tawang are as follows:

For Salaried Employee

  1. Identity Proof: Passport copy, PAN Card, Voters ID card, Driving License
  2. Income Proof: The Latest 3-month salary slip with form 16
  3. Address Proof: Ration card / Driving license / Voters card / Passport Copy / Telephone Bill / Electricity Bill / Life Insurance Policy /PAN Card
  4. Bank Statement: Last 6 months.

For Self Employed

  1. Identity Proof: Passport copy, PAN Card, Voters ID card, Driving License
  2. Income Proof: The Latest ITR proof
  3. Address Proof: Ration card / Driving license / Voters card / Passport Copy / Telephone Bill / Electricity Bill / Life Insurance Policy /PAN Card
  4. Bank Statement: Last 6 months.

Car Loan Tawang Eligibility Criteria

The car loan eligibility requirements are as followed in Tawang:

For Salaried Employee

  1. Minimum age: 21 years for salaried individuals and 30 years in case of a self-employed
  2. Maximum age at loan maturity: 60 and 65 years respectively for salaried and self-employed individuals
  3. Minimum employment: 1 year in current employment and a minimum of 2 years of employment
  4. Minimum Annual Income: For Salaried Rs 100000 net annual income
  5. Usually getting a car loan is easier when the applicant possesses a CIBIL score of 750 and above which is an essential factor required for loan approval.

For Self Employed

  1. Minimum age: 21 years for salaried individuals and 30 years in case of a self-employed
  2. Maximum age at loan maturity: 60 and 65 years respectively for salaried and self-employed individuals
  3. Minimum employment: At least 3 years in business
  4. Minimum Annual Income:  Net profit Rs. 60000 p.a for standard cars and Rs.100000 p.a. for mid-sized and premium cars
  5. Usually getting a car loan is easier when the applicant possesses a CIBIL score of 750 and above which is an essential factor required for loan approval.

Car Loan for Major Car Manufacturers in Tawang

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TABLE WILL APPEAR

Processing Fees & Prepayment Charges on Car Loan Tawang

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 Tawang

The Cibil score is what defines your ability to pay off your credits. A higher Credit score defines your good credit history and makes your application process smooth and easy to be processed. Usually, banks and NBFCs require a credit score of 750 and above to approve your loan application process in Tawang. This score may vary from bank to bank. In case a CIBIL score is less than the required value you will be required to pay a high rate interest rate on the loan amount.

Car Loan Tawang Contact Number

In case of any queries regarding the car loan in Tawang, you may contact on the number 9878981166 for full assistance in regards to the car loan process. Or you can also visit us at Dialabank.

Pre Calculated EMI Table for Car Loan Tawang

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 Tawang

Tawang is a town in the Indian state of Arunachal Pradesh, situated 448km north-west of state capital Itanagar at an elevation of approximately 3,048 meters (10,000 ft). The town once served as the district headquarters of West Kameng district and became the district headquarters of Tawang district when it was formed from West Kameng.

As of the 2011 census, Tawang had a population of 11,202.

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