Car Loan Yairipok

I have read the Privacy Policy & Agree to Terms & Conditions and authorize Dialabank & its partner institutions to Call or SMS me with reference to my application.

Buy your dream Car

Rates as low as 7.05%*
Up to 100% Funding
Doorstep Service
Hassle-free Disbursal
Unbiased Experts Advice

Car Loan Yairipok

Best Banks for Car Loan in Yairipok


car loan

Car Loan Yairipok Features

Loan Approval in 30 Minutes
Lowest Rate of Interest
Up to 100% on Road Loan
Minimum Documentation
Paperless Process
Flexible Repayment
Zero Foreclosure
24 x 7 Online Payment Facility
No Hidden Charges

In this busy life, everyone needs a vehicle. But due to financial issues, they cannot afford it. So a car loan is here to solve all your problems related to the car. This loan is a service that provides finance to its customers for buying a car. A Car Loan Yairipok allows a person to pay for the vehicle in instalments instead of spending it at once. It requires least the documentation process and a minor fee process.

Car Loan Yairipok


car loan

Car Loan Yairipok Eligibility Criteria

Salaried Individual
Age – 21 years to 60 years
Net Monthly Income – Minimum ₹ 20,000
Employment Duration – 1-year minimum
Income Eligibility – Based on Form 16 and salary slip
Self-Employed Individuals
Age – 21-65 years of age
Minimum ITR – Rs.2 lakh
Employment Duration – Minimum 3 years
Income Eligibility – Depends on the latest Income Tax Returns
Self-Employed Non-Individuals (Company/Partnership)
Minimum ITR – Rs. 2 lakh
Employment Duration – 3 years minimum
The applicant has to present IT returns and audited financials of 2 years with Calculated Income.
Priority Customers
At least 6-month vintage
Average Quarterly Balance – 2 quarters balance at a minimum of Rs.1 lakh
Maximum Loan Amount – 3 times the Average Quarterly Balance of the last 2 Quarters


car loan

Car Loan Yairipok EMI Calculator

Car Loan Yairipok Fees & Charges

Charges New Car Loan Used Car Loan
Interest Rate

7.35% per annum

11.80% p.a. to 13.80% p.a.
Car loan Processing fees 0.5% 0.5%
Issuance of Duplicate Repayment Schedule Charges Around Rs.500 Around Rs.500
Foreclosure Charges 0.06 0.06
Penal Interest 2% PM 2% PM
Car loan Part Payment charges 6% of the amount 6% of the amount
Cheque/Instrument Swap Charge Around Rs.500 Around Rs.500
Documentation Charge Around Rs. 500 Around Rs. 500
Issuance of Duplicate No Dues Certificate Charges Around Rs. 500 Around Rs. 500
Registration Certification Collection Charge Around Rs. 200 Around Rs. 200
Cheque Bounce/Instrument Return Charges Around Rs. 500 Around Rs. 500
Issuance of Duplicate Statement Charges Around Rs. 500 Around Rs. 500
Loan Cancellation/Re-booking Charges Around Rs. 1000 Around Rs. 1000
Issuance of Credit Report Around Rs. 50 Around Rs. 50


car loan

Car Loan Yairipok Fees and Charges: Leading Banks – Jul 04 2022

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


car loan

Car Loan Yairipok Documents Required

Salaried Individual

Category
Documents Required
Identity Proof (Any 1) Passport
Voter ID
Aadhar Card
Driving License
Address Proof (Any 1) Aadhar Card
PAN
Driving License
Electricity Bill
Date of Birth Proof(Any 1)
Passport
Birth Certificate
High School Marksheet
Driving Licence
Signature Proof(Any 1)
PAN
Bankers Verification
Passport
Income Proof
Salary Slip and latest Form No.16
Bank Statement
Last 6 month Bank statement
Employment Continuity Proof
Job card by NREGA
ITR of Form no. 16
Salary Slip mentioned with joining date
Letter of Appointment

 

Self-Employed Individuals

Category
Documents Required
Identity Proof (Any 1) PAN Card
Passport
Voter ID
Aadhar Card
Address Proof (Any 1) PAN Card
Voter ID
Passport
Electricity Bill
Date of Birth Proof (Any 1) Birth Certificate
Passport
Driving Licence
PAN
Signature Proof (Any 1)
PAN
Bankers Verification
Passport
Bank Statement
Bank statement of last 6 months
Employment Continuity Proof
Latest ITRs
Shop & Establishment Act Certificate
Shop & Establishment Act Certificate
Sales Tax or VAT Certificate
Business Proof
Registration Certificate
Telephone Bill/Electricity Bill
Shop & Establishment Act Certificate
SSI or MSME Registration Certificate

 

Self-Employed Non-Individuals:

1. Partnership Firms/Societies

Category
Documents Required
Identity Proof (Any 1) Driving Licence
PAN Card
Aadhar Card
Passport
Address Proof (Any 1)
Electricity Bill/Telephone Bill
Aadhar Card
Driving License
Voter ID
Income Proof
Audited Balance Sheet
P&L Account
ITR for the previous 2 years
Bank Statement Last 6 month
Business Continuity Proof
Company ITR of the last 2 years
Audited Balance Sheet
TAX registration Certificate
Current Account Statement
Additional documents
Letter of Authority or PAN Card

 

2. Private Limited/Limited Companies

Category
Documents Required
Identity Proof
The latest copy of MOA and AOA
Copy of Incorporation
Address Proof (Any 1)
SSI/MSME Registration Certificate
Telephone Bill
Electricity Bill
Shop & Establishment Act Certificate
Sales Tax Certificate
Income Proof
Audited Balance Sheet
P&L Account and ITR for the previous 2 years
Bank Statement Previous 6 Months
Business Continuity Proof
P&L account and
ITR of the Company of the past 2 years
Audited Balance Sheet
Shop & Establishment Act Certificate
Additional documents
List of Shareholding partners and Directors
Board Resolution
PAN Card
Certificate of Commencement of Business for Ltd. Co.


car loan

How to Get the Best Car Loan Interest Rates in Yairipok

  • A credit rating indicates to a lender that financing to you is less risky because you’ve made payments on time in the past, as evidenced by your score.
  • The amount of money you borrow determines the interest rate you pay on your car loan. So if you choose a bigger loan amount, you may be able to get a lower interest rate.
  • Companies may be prepared to give you a lower interest rate on an auto loan if you have a good payment and activity history.
  • You may be eligible for a reduced interest rate when you earn more money because a larger income indicates a better ability to repay the loan.
  • When the debt-to-income value is small, people get a better opportunity of getting a new mortgage at a reduced price.

How to Apply for Car Loan in Yairipok?

Availing a car loan from Yairipok is an easy process with Dialabank, and there are two ways to do it:

  • Online method – Visit our website and click on the car loan option available on the menu. Fill in the details regarding the car type and your income. Just wait as our relationship manager will soon get in touch with you on your provided number. You may also contact our relationship managers on the number 9878981166 in case of any queries regarding the loan.
  • Offline method – For this, you will have to visit the branch personally, which might turn to be a chaotic experience for you.


car loan

Which Bank in Yairipok Offers the Best Car Loans?

Several big banks and non-bank financial institutions in the city offer car loans. Naturally, the finest lender will be able to provide you with the loan amount you need at a fair interest rate and release the funds as quickly as feasible. As a result, it is always a good idea to compare auto loans from multiple lenders before applying for one that meets all of your criteria, such as interest rates.

Car Loan for Major Car Manufacturers in Yairipok

TABLE WILL APPEAR

Processing Fees / Prepayment Charges on Car Loan Yairipok

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

CIBIL Score Required for Car Loan in Yairipok

The CIBIL score reflects your previous credit history as well as any defaults on previous loans. Because most financial institutions want a high credit score, a decent credit score is 750 or above. However, each bank and NBFC has its own requirements for a minimum CIBIL score to process your loan. A CIBIL score of less than 750 can result in a higher rate of interest.

A low CIBIL score may result in your loan being rejected because it is the first item a bank looks at before completing your application.


car loan

Car Loan Yairipok Contact Number

In case of any queries regarding the car loan in Yairipok, you may contact on the number 9878981166 for any assistance.


car loan

Pre Calculated EMI Table for Car Loan Yairipok

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 Yairipok

Yairipok is a town located in Manipur. It is made up of four districts, Imphal East, Thoubal, Senapati and Ukhrul.

Car Loan Banks in Yairipok

BANK NAME

BANK ADDRESS

BANK IFSC CODE

HDFC BANK SANTIDAN BAZAR LAIMANAI TOP CHINGTHA YAIRIPOK MANIPUR 795149 HDFC0003793
YES BANK YAIRIPOK BAZAR, THOUBAL – 795149 YESB0MSCB11

FAQ’s About Yairipok Car Loan

Is it possible to get an Old Car Loan for my current vehicle?

Absolutely, customers can get a loan on your current vehicle. More to 120 per cent of the car’s current worth, up to a total of 20,000 rupees, would be accessible to you in money.

Is it possible to acquire 100% finance for my car?

Indeed, on some vehicles, we give up to 100% of the ex-showroom price if the client meets our lending criteria.

Can these loans be used to fund any vehicle?

Almost everything passenger automobiles and multi-utility vehicles made by India’s main automakers are financed by us. On a case-by-case basis, imported vehicles are also sponsored.