Used Car loan Gangtok

Best Banks for Used Car Loan in Gangtok

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

Used Car Loan Gangtok FeaturesUsed Car Loan Gangtok

  • Hassle and complex free process.
  • Quick and fast loan approvals and disbursals.
  • Easy pickup services of the documents from your door.
  • Up to 85% of the value of the car as a loan amount for 5 years and that too without any income proof.
  • Advantage from start to finish warning – from examination to title move
  • Get customized information to pick a vehicle that fits your special requirements
  • Profit of altered and helpful reimbursement plans with pocket-accommodating EMIs
  • Flexible reimbursement residencies from a year to 60 periods
  • Fast and simple Processing and endorsement
  • Experience sincere issue free fitting, fast support, and fast disbursals
  • Track your application whenever, anyplace. Get details about your credit use at each stage
  • Get between 3 to multiple times your yearly pay, and get up to 100% of the estimation of the car*

*Age of Car at credit development ought not to cross 10 years, subject to the most extreme advance residency of 60 months

Used Car Loan Gangtok 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 Car Loan Interest Rate for all major banks you can visit: Car Loan Interest Rates

Apply for a Car Loan

Used Car Loan Gangtok Documents Required

Documents required for car loan are as followed:

For Salaried:-

  • Identification Proof: Passport photocopy, Voters ID sheet, Driving License, PAN Card
  • Income Proof:  form 16 including Latest 3-month salary slip
  • Address Proof: Driving license / Passport Copy / Voters card / PAN Card
  • Bank Statement: Last six months

For Self Employed:-

  • Identity Proof: Voters ID card, Passport copy, PAN Card, Driving License
  • Income Proof: Latest Income tax return (ITR)
  • Address Proof: Voters card / Passport Copy / Driving license / Electricity Bill / Life Insurance Policy /PAN Card
  • Bank Statement: Last six months

Public Limited Companies, Private Limited Companies, Hindu Undivided Family – also need to submit the same documents in order to avail used car loans.

Used Car Loan Mumbai Eligibility Criteria

The eligibility criteria for a car loan is as followed:

For Salaried:-

  1. Minimum age: 21 years
  2. Maximum age at loan maturity: 60years
  3. Minimum employment: 1 year in prevailing employment and a minimum of 2 years of work
  4. Minimum Annual Income: Net income of 2.5 Lakhs per year

For Self-Employed:-

  1. Minimum age: 25 years
  2. Maximum age at loan maturity: 65 years
  3. Minimum employment: at least 3 years in selling
  4. Minimum Annual Income: 2.5 Lakhs annually

Public Limited Companies, Private Limited Companies, Hindu Undivided Family- also require to follow the same eligibility criteria to get used car loans.

How to Apply for Used Car Loan Gangtok?

Availing of a used car loan is an easy process with Dialabank. Watch the following steps to avail the most suitable offers:

  • Visit our website Dialabank
  • Bang on the car loan option possible in the menu
  • Fill in the features regarding the car type and your salary
  • Wait as our communication manager will soon get in perception with you on your provided number.
  • You may also reach our contact managers on the number 9878981166 in case of any queries about the loan.
  • For availing a car loan offline you will have to attend the branch personally, which might turn to be excited for you.

Used Car Loan for Major Car Manufacturers in Gangtok

TABLE WILL APPEAR

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 for Used Car Loan Gangtok

This number may again differ from bank to bank. In case of a low CIBIL score than the necessary value, you will be asked to pay a high rate interest rate on the loan sum while if your CIBIL score is good then you may have to provide a low rate of interest. Thus, a CIBIL score is an important part of a car loan.

A good CIBIL score provides an opportunity to negotiate and reduce the car loan interest rate to a certain extent.

Used Car Loan Gangtok Contact Number

In case of any questions regarding the used car loan Gangtok, you may reach the number 9878981166 for any sort of help.

Pre Calculated EMI Table for Used Car Loan Gangtok

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 Gangtok

Gangtok is a city, town, the capital, and the most considerable town of the Indian state of Sikkim. It is also the base of the East Sikkim district. Gangtok is in the eastern Himalayan range, at an altitude of 1,650 m.

Used Car Loan EMI Calculator

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