Car Loan Kalimpong

Car Loan Kalimpong

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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

car loan kalimpong

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

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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 Loan

Processing 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
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 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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