Car Loan in  Kamrup

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Best Banks for Car Loan in  Kamrup                 

Feature HDFC Bank ICICI Bank
Kotak Mahindra Bank
Interest Rate 7.05 % - 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 Karkal

Car Loan Karkal


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Car Loan  Kamrup 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


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Car Loan  Kamrup 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

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Car Loan  Kamrup EMI Calculator

Car Loan  Kamrup Fees & Charges

Charges New Car Loan Used Car Loan
Interest Rate 7.05% per annum 11.80% p.a. to 13.80% p.a.
Car loan Processing fees 0.004 0.004
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  Kamrup fees: Leading Banks –

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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How to Get the Best Car Loan Interest Rates in  Kamrup

The interest rates on vehicle loans offered by different lenders in  Kamrup may vary, but they are all reasonable and competitive. If you want to get a car loan in  Kamrup with the lowest interest rate, follow the steps below:

  • Select a shorter payback period–  Because the monthly EMI (equivalent monthly instalment) is cheap, many auto loan applicants feel that longer repayment terms are better. Unfortunately, they don’t seem to realize that lenders see longer repayment terms as a sign of a borrower’s poor repayment ability. Therefore they charge higher interest rates. Consider a shorter payment time if you want to save money on your auto loan.
  • Research and evaluate the benefits given by different lenders. For example, if you want to receive a good deal on a car loan, you should first look into and evaluate the perks provided by various lenders. This can assist you in determining which lenders provide the greatest interest rates and, as a result, which lender you should select.
  • Keep your debt-to-income ratio low– The debt-to-income ratio is a metric used by lenders to determine how much of an applicant’s income goes toward loan repayment. As a result, if your debt-to-income ratio is lower, you’ll have a higher chance of receiving a low-interest vehicle loan.
  • Keep your credit score high — If you have a strong credit score, lenders would gladly provide you with a vehicle loan with lower interest rates. A credit score of 750 or above is considered good by lenders. People with weak credit may get vehicle loans, but they will have to pay a higher interest rate. To ensure you have a decent credit score, check your credit scores periodically using Dialabank’s “Free Credit Score” service. This will allow you to take remedial action to enhance your credit score if it is low, and it will allow you to approach lenders with confidence if your credit score is good.

How to Apply for a Car Loan in  Kamrup?

Availing of a car loan in  Kamrup is an easy process with DialaBank. Follow the following steps to avail of the best offers:

  • Visit our website Dialabank.
  • Click on the car loan option available in the menu
  • Fill in the details regarding the car type and your income
  • Wait as our relationship manager will soon get in touch with you on your provided number.
  • You may also contact our relationship managers on 9878981166 in case of any queries regarding the loan.
  • To avail of a car loan offline, you will have to visit the branch personally, which might be hectic for you.

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Which Bank in  Kamrup Offers the Best Car Loans?

Vehicle loans are available in  Kamrup from various large banks and NBFCs, including HDFC, ICICI, and SBI. Naturally, the best lender will be able to offer you the loan amount you require at a competitive interest rate and release the cash as fast as possible. As a result, it’s always a good idea to shop around for auto loans from various lenders before committing to one that fits all of your requirements, such as interest rates.

Car Loan for Major Car Manufacturers in  Kamrup

TABLE WILL APPEAR

Processing Fees / Prepayment Charges on Car Loan  Kamrup

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

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CIBIL Score Required for Car Loan in  Kamrup

The CIBIL score is referred to as what defines your ability to pay off your credits. A higher Credit score means good credit history and makes your car loan application process smooth and easy to be processed. Mostly, banks and NBFCs consider a credit score of 750 and above as a good score to approve your loan application process in  Kamrup.

This score may again vary from bank to bank. If you have a low CIBIL score than the required value, you will be required to pay a high rate interest rate on the loan amount, while if your CIBIL score is good, you may have to pay a low rate of interest. Thus, a CIBIL score is an important factor in a car loan.


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Car Loan  Kamrup Contact Number

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


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Pre Calculated EMI Table for Car Loan  Kamrup

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  Kamrup

Kamrup is a Surat City satellite town in the Surat district of Gujarat, India. On National Highway 8 between Mumbai and Delhi,  Kamrup is a toll collecting facility. Fast meal and Night Dinner are two of  Kamrup’s specialities.  Kamrup has a population of 12,746 people, according to the 2001 India census. Males make up 57% of the population, while females make up 43%.  Kamrup has a literacy rate of 71 per cent, which is higher than the national average.

FAQ’s About  Kamrup Car Loan

What types of vehicles can I purchase with a car loan?

Car loans can be used to buy various passenger vehicles, including SUVs (Sport Utility Vehicles), MUVs (Multi Utility Vehicles), and other types of vehicles. You can also get a car loan to acquire a vehicle for business purposes. Truck, tractor, and construction equipment loans are also available from some lenders.

Is it possible to acquire a loan on my current vehicle?

Yes, if you have a strong payment history with your current lender, many lenders will grant you a loan on your current vehicle.

 What options do I have for repaying my auto loan?

Standing Instruction (SI), Electronic Clearing Service (ECS), and Post-Dated Cheques are three options for repaying your loan (PDCs). However, it is usually advised that you return your loan using the first two options because they are speedier and have a lower risk of error, which is not the case with PDCs.

 

 

 

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