Car Loan Tripura

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Buy your dream Car

Rates as low as 8.50%*
Up to 100% Funding
Doorstep Service
Hassle-free Disbursal
Unbiased Experts Advice

Best Banks for Car Loan in Tripura

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 TripuraFeatures

car loan tripura

A car loan is a financial assistance provided to customers by banks and NBFCs to fulfil their dreams of having their own car. They provide the necessary financing according to your eligibility to buy a car that may be on the car’s Ex-Showroom Price or On-Road Price. A car loan is a secured type of loan with simple options to repay. EMI options for car loans Tripura are available at low-interest rates.

Car Loan Tripura 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 Tripura Eligibility Criteria

  1. The age for a salaried individual should range between 21 and 60 years
  2. The age for a self-employed should be between 30 and 65 years
  3. One-year employment is essential for salaried applicants while 3 years of operating business is essential for a self-employed
  4. Rs 100000 net annual income is required in the case of salaried applicants and Rs. 60k- 100k p.a for a self-employed person

Car Loan Tripura Documents Required

  1. Identity proof: any Passport copy, PAN card, Voters ID card, Driving license
  2. Proof of income: Recent 3-month salary slip with form 16 / For self-employed- Latest ITR
  3. Address Evidence: Ration Card / Adhar Card / Driving License / Passport / Telephone Bill / Life Insurance Policy / PAN Card or any other relevant Permanent Address Evidence
  4. Bank Declaration: Previous 6 months.

CIBIL Score Required for Car Loan in Tripura

Every lending institution has its criteria for the minimum CIBIL score required for processing the Car Loan application in Tripura so that they can minimize the risk of lending to you. Most institutions require a minimum score of CIBIL of 750 or above to process your loan application. Also having a good CIBIL score helps to loans at a cheaper rate of interest.

The institutions don’t just look at the overall score but also the detailed behaviour on the previous loans taken. This includes details on the type of loan taken and the amount borrowed. Any delayed payments for previous loans can act as a barrier to your availing a fresh loan.

How to Apply for Car Loan in Tripura?

With the help of DialaBank, the process of applying for a car loan is easy. The reasons why DialaBank should consider taking advantage of the best car loan in Tripura:

  1. Visit our website www.dialabank.com from your browser be it mobile or laptop.
  2. Go to the car loan section on the dialabank page and click on the car loan.
  3. Submit all the details required for the car loan and also upload all the document which are required to get the car loan.
  4. Our managers will then call you and for getting more information and for getting more guidance, you may call on 9878981166.

You can also personally visit the nearest branch to take advantage of a car loan that might be a bit hectic for you.

Processing Fees & Prepayment Charges on Car Loan Tripura

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

Car Loan Tripura Contact Number

For any queries related to a car loan in Tripura, you may contact the number 9878981166.

Pre Calculated EMI Table for Car Loan Tripura

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 Tripura

Tripura is a state in northeastern India. The third-smallest state in the nation and is circumscribed by Bangladesh toward the north, south, and west, and the Indian states of Assam and Mizoram toward the east.

Tripura is an agrarian state with the greater part of the populace reliant on agribusiness and associated activities. However, because of the hilly landscape and woodland spread, just 27 percent of the land is accessible for development. Rice, the major crop of the state, is cultivated in 91 percent of the cropped area.

Car Loan EMI Calculator

You may also check the car loan EMI calculator available on our website.

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