Guwahati City

1. Car loan: basic information


Looking to buy a new car for, but financial crisis is holding you back? You can easily avail a car loan in Guwahati, to upgrade to a new car. With the help of car loan, you can buy the car of your dreams. The banks offering car loans in Guwahati are secured loan, which simply means that the bank lends you money by considering your car as the collateral.


The application process is simple as there is no such documentation process for a car loan. You just need to submit your details and provide the required details online on our Paisabazaar.com website.


2. When to take a car loan?


A car loan can be availed anytime you want to buy a car. It gives you the financial ease of not having to spend the whole amount in chunks. The bank shall make the payment on your behalf and you just need to repay the bank with a pre-decided EMI monthly on time. This way you can own a brand new car for yourself, while you also have your saving balance. A car loan can help you to get a better car than you could with your budget.


3. Other things that you need to know


There are various banks that provide car loans in Guwahati. The interest rates or car loans in Guwahati are different from different banks. The interest rates are based on various factors. The loan tenure and the credit history report are the 2 major factors that determine your interest rates on your EMIs. It is always wise to maintain a clean credit history with good score and choose longer loan tenure for your repayments.


4. Guwahati banks and Interest Rates


You can find a variety of Interest Rates for a car loan in Guwahati. Each bank has its own rate policy, which starts from 9.35%.

Some of the banks that provide car loans in Guhawati with their interest rates are:
 

  • Dena Bank: Interest Rate starts from 9.95%
  • Allahabad Bank: Interest Rate is 9.80%
  • Federal Bank: Interest Rate is 9.75%
  • Canara Bank: Interest Rate is a floating one, and it starts from 9.80%


5. Banks and their car loan schemes


There are different Guwahati banks offering car loan schemes:
 

1. Indian Bank:
 

  • Interest Rate is 9.95%
  • Maximum loan tenure of 7 years
  • Processing fee amounts 0.229%
     

2. Oriental Bank of Commerce:
 

  • Interest Rate is between 9.95% and 10.05%
  • Maximum loan tenure is 7 years
  • Processing fees is 1% of the loan amount
     

3. State Bank of Patiala:
 

  • Interest rate between 9.95% and 10.45%
  • Processing fees is 0.51% of the loan amount
  • Maximum loan tenure is 7 years


You can apply for a car loan from Guwahati by simply visiting our Paisabazaar.com website. There you are required to submit your basic details and requirements. Select one of the car loans in Guwahati and click ‘Apply’ to select loan. Your whole process of availing a car loan shall take less than 1 minute.

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