Major Car Loan Providers in Kargil
Car Loan in Kargil
Feature |
HDFC Bank |
Private 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 Kargil Features
The car is a commodity that protects from you bad weather and even takes you on the ride to your favourite destination. All these benefits make a person buy the car at any cost. A car loan is the best loan option available to fulfil your dreams. It offers flexible loan terms and conditions, and It is a secured loan with the minimum documentation process. To fulfil your requirement of buying a car at affordable interest rates, apply for a car loan with Dialabank. It is a secured loan and will help you arrange the necessary funds to buy the new or old car at low-interest rates.
Some of the features of car loan in Kargil are:
- Easy monthly repayment options
- Instantly available
- Loan Tenure period varies from 1-7 years
- Affordable interest Rates
- No hidden charges
- Quick approval with minimum documentation
Why Dialabank?
- We let you sit at the comfort of your home and provide you with the loan without any hassle.
- We have tie-ups with top Banks and NBFCs of the country to provide you with the best class service.
- We offer you the lowest rate of interest in the market.
- We Charge no money from our customers for the services that we provide.
- Our team of experts and Relationship managers helps you in every step of the journey to acquire a loan.
Car Loan Kargil 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 |
| Private 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 Kargil Documents Required
- Identity Proof required is a copy of Passport, PAN Card, Voters ID card, Driving License.
- Income Proof For Salaried persons is Latest 3-month salary slip with form 16, and For Self Employed persons is Latest ITR.
- Address Proof required is one of the following: Ration card / Driving license / Voters card / Passport Copy / Telephone Bill / Electricity Bill / Life Insurance Policy /PAN Card
- And the Bank Statement of the Last 6 months.
Car Loan Kargil Eligibility Criteria
- Minimum age: 21 years
- Maximum age at loan maturity: 65 years
- Minimum employment: For Salaried- 1 year in current employment and a minimum of 2 years of employment / For Self Employed– at least 3 years in business
- Minimum Annual Income: For Salaried Rs 100000 net annual income / For Self- Employed Net profit Rs. 60000 p.a for standard cars and Rs.100000 p.a. for mid-sized and premium cars
How to Apply for a Car Loan in Kargil?
Visit our website www.dialabank.com. Click on the auto loan option and select the car loan option on the menu. Next, fill out the form with the necessary details of your loan requirements. Then, please wait for our team of experts to reach to get in touch with you.
You can also visit the nearest branch or call on 9878981166.
Processing Fees & Prepayment Charges on Car Loan Kargil
| 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 Kargil
CIBIL score reflects your credit history in the past and your defaults in repayment of your previous loans. A good credit score is considered 750 and above as most financial institutions ask for a high credit score. Every bank and NBFC has different criteria for a minimum CIBIL score they require to process your loan. A Lower CIBIL score than 750 can attract a higher rate of interest.
A shallow CIBIL score might lead to rejection of your loan as it is the first thing a bank tracks before processing your loan.
Car Loan Kargil Contact Number
To know more about the car loan in Kargil, contact us on 9878981166
Pre Calculated EMI Table for Car Loan Kargil
| 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 Kargil
Kargil is the capital of the Indian union territory of Ladakh and is located in the Kargil district. After Leh, Kargil is Ladakh’s second most populous town. It is 234 kilometres west of Leh and 204 kilometres east of Srinagar. Kargil is the heart of the Suru River Valley, also known as Purig in the past.
Special Note: Banks do not provide Car Loans to bad credit holders, but they can easily fulfil their money requirement with Gold Loan.
Car Loan EMI Calculator
