Best Banks for Car Loan in Cachar
Car Loan Cachar 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
Are you within the marketplace for a brand-new four-wheeler? however, lack the monetary suggests that to try and do so? With the assistance of Dialabank, you’ll be able to currently simply acquire a personal loan at extraordinarily low-interest rates from a range of banks and NBFCs. We’ll assist you in choosing the simplest loan for your circumstances, guiding you thru the appliance procedure and helping you in making ready your documentation.
Car Loan Cachar Eligibility Criteria
The car loan eligibility requirements are as follows in Cachar:
| 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 Cachar EMI Calculator
Car Loan Cachar 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 Cachar Fees and Charges : Leading Banks – Apr 11 2025
| 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 Cachar Documents Required
The documents required for applying for a car loan in Cachar are: –
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. |
How to Get the Best Car Loan Interest Rates in Cachar
- Choose a shorter repayment term – Due to a misconception among borrowers, some people prefer longer loans but end up paying a lot more as interest. If you want to save some money on your loan, try getting a loan with a shorter tenure.
- Research and compare the perks offered by different lenders – Smart and financially responsible borrowers always compare a huge variety of plans offered by various lenders to choose the one that best suits their specific set of needs.
- Maintain a modest debt-to-income ratio – A borrower’s debt-to-income ratio helps in determining how much of the loan seeker’s income is spent in the repayment of an older loan; The chances of getting a new loan approved increase if this metric is low.
- Maintain a good credit score — One of the biggest factors that come into play while approving a car loan application is the CIBIL score of the borrower in question. Lenders usually prefer applicants with a credit score of at least 750.
How to Apply for a Car Loan in Cachar?
Applying for a car loan in Cachar is a pretty easy process with DialaBank, just follow the following steps written below to avail of the best offers in your locality: –
- Visit our webportal Dialabank.
- Click on the car loan option available on the website.
- Fill up the concerned fields with details regarding the car type and your yearly income.
- Our relationship manager will soon get in your touch.
- You may also contact us on 9878981166 in case you have any queries regarding the loan.
Which Bank in Cachar Offers the Best Car Loans?
A lot of car loan providers in Cachar, including the likes of HSBC and SBI, offer loans at really reasonable interest rates with a range of repayment tenures. It must be quite hectic for busy professionals to go through all these plans alone, but Dialabank representatives can help you complete this step. After you fill up a form, our representatives will instantly get in your touch and walk you through the entire loan application process and help you prepare the necessary documentation ready for the application process.
Car Loan for Major Car Manufacturers in Cachar
TABLE WILL APPEARProcessing Fees / Prepayment Charges on Car Loan Cachar
| 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 Cachar
A loan seeker’s CIBIL Score is one of the most essential parameters a lender takes into consideration when it comes to approving a car loan. Most of the major players in the car loan business require the borrower to maintain a score between 750 to 900 to process their application. A CIBIL score in this range portrays that the borrower has successfully paid off his previous loans and credit card bills on time. Sometimes, the lenders provide credit to individuals with low CIBIL scores, but they charge a comparatively higher interest rate.
Car Loan Cachar Contact Number
If you have any queries regarding the auto loan in Cachar, please contact us on 9878981166 for any assistance.
Pre Calculated EMI Table for Car Loan Cachar
| 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 Cachar
Cachar is a district of the Indian state of Assam, located in the northeastern region of the country. The once-undivided Cachar district was divided into four districts in Assam after independence
FAQ’s About Cachar Car Loan
✅ Will banks finance my car’s accessories too?
No, most banks and NBFC’s provide a loan amount sufficient only for the standard trim of the car.
✅ What form of collateral do lenders require for a car loan in Cachar?
Lenders consider the car you are buying as a collateral asset for your loan.
✅ What is the maximum age limit to apply for a car loan in Cachar?
The maximum age limit to apply for a car loan in Cachar is usually set between 60-70.
