Best Banks for Car Loan in Kalimpong
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 Kalimpong Features
Living in Kalimpong, having your own automobile might clearly air your list. A car loan is something provided by banks and NBFCs to assist you to fulfil that dream simply and consistent with your own terms. If you’re a resident of Kalimpong, you must have already got a large number of banks in your locality.
The car loan interest rates vary from bank to bank, whereas the tenure may be chosen by you. Loan’s area unit provided for each on-road and ex-showroom costs, and for each latest and previously used cars! Dialabank makes it easier for you to avail such type of loans.
Car Loan Kalimpong 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
Car Loan Kalimpong Documents Required
Documents required for car loan are as followed:
For Salaried Individuals:
- Proof of Identification: Passport copy, PAN Card, Voters Identity card, Driving License
- Income Proof: Latest three month’s salary slip along with form 16
- Residence Proof: Ration card / Driving license / Voters identity card / Passport Copy / Telephone Bill / Electricity Bill / Life Insurance Policy / PAN Card
- Bank Statement: Last six 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 Kalimpong Eligibility Criteria
The car loan eligibility requirements are as followed in Kalimpong:
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 two 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 Annual Income: Net profit Rs. 60000 per annum for standard cars and Rs.100000 per annum for mid-sized and premium cars
- Minimum employment: At least three years of operation in the business
Car Loan for Major Car Manufacturers in Kalimpong
TABLE WILL APPEAR Apply for a Car LoanProcessing Fees / Prepayment Charges on Car Loan Kalimpong
| 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 Kalimpong
CIBIL score reflects your credit history within the past yet as your defaults in compensation of your previously availed loans anywhere in Kalimpong. An honest credit score is taken into account as 750 and higher than as most of the monetary authorities need a high credit score for constant. Each bank and NBFC has totally different criteria for a minimum CIBIL score they need to method your loan. A Lower CIBIL score than 750 will attract a better rate of interest.
A very low CIBIL score may cause rejection of your loan because it is that the very first thing a bank tracks before process your loan.
Car Loan Kalimpong Agent Contact Number
Contact us at 9878981166 or visit the website of Dialabank to know more about car loan for the best and instant guidance all across Kalimpong city!
Pre Calculated EMI Table for Car Loan Kalimpong
| 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 Kalimpong
About Kalimpong
Kalimpong is a municipality state of West Bengal, India. Kalimpong is known for its educational institutions, many of which were established during the Colonial Period. The world-famous Teesa River is located here and is the most loved tourist destination owing to its temperate climate, natural environment and proximity to popular tourist locations. Kalimpong district region comes under Gorkhaland Territorial Administration which is an autonomous governing body within the state of West Bengal. The Indian Army’s twenty seven Mountain Division is located on the outskirts of the beautiful city.
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