Car Loan Islampur

Car Loan Islampur

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Best Banks for Car Loan in Islampur

Feature	HDFC Bank	Private Bank	Kotak Mahindra Bank
Interest Rate (p.a.)	7.35 % - 7.95 %	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 Islampur Features

Are you searching for a car loan? If yes, then your wait is over as we at Dialabank brings you amazing offers for a car loan in Islampur. We provide the lowest rate of interest for Car Loan Islampur, which you won’t find anywhere else.

We offer Car loans for both Self-employed and salaried people. We offer car loans on new as well as used cars.

A car loan is a financial help provided by banks and NBFC’s to fulfill your dream of having your own car. They provide the necessary financing for buying a car which can be on Ex-Showroom Price or On-Road Price of the car. A car loan is a secured loan with easy refund options. The loan amount is provided on Interest charges which vary from bank to bank. One can pay for the vehicle in easy installments.

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Car Loan Islampur Interest Rates

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

To check Car Loan Interest Rate for all major banks you can visit: Car Loan Interest Rates

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Car Loan Islampur Documents Required
An individual must check the documents required for car loan before deciding.

For Salaried Individuals:

Proof of Identification: Passport copy, PAN Card, Voters ID card, Driving License
Income Proof: Latest 3-month salary slip with form 16
Residence Proof: Ration card / Driving license / Voters card / Passport Copy / Telephone Bill / Electricity Bill / Life Insurance Policy /PAN Card
Bank Statement: Last 6 months.

For Self Employed Individuals:

Identification Proof: Passport copy, PAN Card, Voters ID card, Driving License
Income Proof: Latest ITR
Address Proof(anyone): Ration card/ Driving license / Voters card / Passport Copy / Telephone Bill / Electricity Bill / Life Insurance Policy /PAN Card
Bank Statement: Last 6 months.

Car Loan Islampur Eligibility Criteria

An individual must examine the Eligibility criteria for car loan along with the process.

For Salaried Applicants

Minimum age: 21 years
Maximum age at loan maturity: 65 years
Minimum employment: 1 year in current employment and a minimum of 2 years of employment
Minimum Annual Income: Rs.100000 net annual income

For Self-Employed Applicants

Minimum age: 21 years
Maximum age at loan maturity: 65 years
Minimum employment: At least 3 years in business
Minimum Annual Income: Net profit Rs. 60000 per annum for standard cars and Rs.100000 per annum for mid-sized and premium cars

Car Loan for Major Car Manufacturers in Islampur

TABLE WILL APPEAR

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Processing Fees/ Prepayment Charges on Car Loan in Islampur

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
Prepayment Charges	>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 Islampur

A CIBIL score of 750 and above is considered to be very good and it attracts a lower interest rate for car loans in Islampur. However, a CIBIL score between 650 to 750 could be taken if you have a good income but a slightly higher rate of interest will be provided in that case. If you have defaulted in your CIBIL score is very low, then your car loan application might be rejected.

Most institutions prefer to give loans only with a minimum CIBIL score of 750. The institutions don’t just look at the CIBIL score but also examine for the detailed behavior on the previous loans taken. This involves details on the type of loan taken and the loan amount you have borrowed. Any late payments for previous loans can act as a barrier to your availing a fresh loan.

Check your CIBIL score in your credit report for more information on the score.

Car Loan Islampur Contact Number

Call us at 9878981166 to get on car loans in Islampur and exclusive offers on car loans.

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Pre Calculated EMI Table for Car Loan Islampur

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

You can calculate your EMI here: Car Loan EMI Calculator

Car Loan EMI Calculator Islampur

About Islampur

Islampur is a town and a community in Uttar Dinajpur area in the Indian state of West Bengal. It is the headquarters of the Islampur subdivision. As per the 2011 Census of India, Islampur had a total population of 54,340. The headquarters of the Islampur CD block is at Islampur town.

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