Car Loan Itanagar

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Best Banks for Car Loan in Itanagar

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 Itanagar Features

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CAR loan Itanagar A car loan is funding given for your dream car provided by banks and NBFC’s at affordable rates of interest. They provide the required necessary loan amount for purchasing a car which can be on Ex-Showroom Price or On-Road Price of the car, depending on your credibility and requirement.

Car Loan Itanagar is a secured loan with easy repayment options available in the form of EMIs required to be paid every month of the tenure. The loan amount is then charged with Interest charges which vary from lender to lender. For getting your dream car in Itanagar, a Car loan is the best option available. Car loan in the city like any other loan requires certain eligibility criteria to be fulfilled before your application gets approved.

Car Loan Itanagar Interest Rates

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

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Car Loan Itanagar Documents Required

Documents required for car loan are as followed:

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 Itanagar Eligibility Criteria

The car loan eligibility requirements are as followed in Itanagar:

For Salaried Applicants

Minimum age: 21 years of age
Maximum age at loan maturity: 60 years of age
Minimum employment: For Salaried- 1 year in the current job and a minimum of 2 years of overall employment
Minimum Annual Income: Rs 100000 net annual income is the minimum criteria

For Self-Employed Applicants

Minimum age: 30 years of age
Maximum age: 65 Years of age
Minimum Employment: at least 3 years in current functional operating business
Minimum Annual Income: Net profit of a minimum of Rs. 60000 p.a for standard cars and a minimum of Rs.100000 p.a. for mid-sized and premium cars

Car Loan for Major Car Manufacturers in Itanagar

TABLE WILL APPEAR

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Processing Fees / Prepayment Charges on Car Loan in Itanagar

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 in Itanagar

A CIBIL score is a numeric score that describes an applicant’s ability to repay his previous loans efficiently and regularly. The minimum CIBIL score requirement for car loans in Itanagar may vary from banks to banks. So, maintaining a good CIBIL score is important if you want to apply for a car loan in the city at an affordable rate of interest. Also, having a good CIBIL score increases your chances of getting a loan easily unlike in the case of a low score. Mostly the lending institutes accept a 750+ score to process your car loan in Itanagar but these may be higher or lower depending upon the individual requirements of the banks and NBFCs.

If there are any late payments records for your previous loans, then it will create a hurdle in your car loan application. Make sure there must not be any delay payments.

Car Loan Itanagar Agent Contact Number

You may contact on the number 9878981166 to apply for your car loan in Itanagar or in case of any queries regarding the car loan process.

Pre Calculated EMI Table for Car Loan Itanagar

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

Car Loan EMI Calculator Itanagar

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About Itanagar

Itanagar was declared the capital of Arunachal Pradesh in 1974. Situated at an elevation of 350m, the quaint town is renowned for its fine Tibetan architecture and varied tribal culture. Constructed in 15th century CE by the Ahom dynasty, Ita Fort lends its name to this town.