Car Loan Talwara

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Best Banks for Car Loan in Talwara

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 Talwara Features

car loan talwara

If you live in Talwara and want to own your dream car but don’t want to pay the entire price in one go, we are here for you! Dialabank helps you simplify the procedure of getting a car loan both brand-new and second-hand cars, and for both ex-showroom and on-road prices. In Talwara, you can also get access to a wide range of appealing features when it comes to a car loan:

Car loans are available at low-interest rates and affordable EMIs. All you have to do is pay a lump sum down payment in the beginning and you’ll be good to go
Almost all major banks and NBFCs in Talwara have a tie-up with Dialabank so we’re your best agent
The documentation process is quick and hassle-free and can be done from within the comfort of your houses.
Loans are provided for an amount up to 3 times your per annum income in case of salaried employees and 6 times in case of self – employed.

Car Loan Talwara Interest Rate

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 Talwara Documents Required

Documents required for car loan are as followed:

For Salaried Employee

Identity Proof: Documents such as your passport copy, PAN Card, Voters ID card, Driving License
Income Proof: The latest 3-month salary slip with form 16
Address Proof: Anything among your Ration card / Driving license / Voters card / Passport Copy / Telephone Bill / Electricity Bill / Life Insurance Policy /PAN Card
Bank Statements: for the last 6 months.

For Self Employed

Identity Proof: Documents such as your passport copy, PAN Card, Voters ID card, Driving License
Income Proof: The latest ITR proof
Address Proof: Anything among your Ration card / Driving license / Voters card / Passport Copy / Telephone Bill / Electricity Bill / Life Insurance Policy /PAN Card
Bank Statements: for the last 6 months.

Car Loan Talwara Eligibility Criteria

The car loan eligibility requirements are as followed:

For Salaried Employee

Minimum age: 21 years for a salaried individual
Maximum age at loan maturity: 60 and 65 years respectively
Minimum employment: 1 year in current employment and a minimum of 2 years of total employment
Minimum Annual Income: Rs 100000 net annual income

For Self Employed

Minimum age: individual and 30 years in case of a self-employed
Maximum age at loan maturity: 60 and 65 years respectively individuals
Minimum employment: At least 3 years in business
Minimum Annual Income: The net profit Rs. 60000 p.a for standard cars and Rs.100000 p.a. for mid-sized and premium cars

Car Loan for Major Car Manufacturers in Talwara

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TABLE WILL APPEAR

Processing Fees & Prepayment Charges on Car Loan Talwara

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 Talwara

The CIBIL score is the most important factor in your application. It is the first thing considered by banks and NBFCs as it tells whether you are a trustworthy borrower or not. It is done to avoid bad loans. A higher Credit score means good credit history and makes your car loan application process smooth and easy as it shows that you are punctual in your payments.

Mostly, a credit score of 750 and above is considered a good score to approve your loan application process in Talwara. This score may again vary from bank to bank. So make sure you keep a check on your CIBIL score regularly.

Car Loan Talwara Contact Number

In case of any queries regarding the car loan in Talwara, you may dial-up the number 9878981166 for any sort of assistance. Or you can also visit us at Dialabank.

Pre Calculated EMI Table for Car Loan Talwara

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 Talwara

Talwara is located in the state of Punjab and borders with Himachal Pradesh. Its population is around 20000. Top tourist attractions include the Gurudwara Garna Saheb, the Damsel dam, the Kamahi Devi temple, the Gurudwara Tahli Sahib, and many more.