{"id":1241,"date":"2020-07-31T09:54:20","date_gmt":"2020-07-31T09:54:20","guid":{"rendered":"http:\/\/magicloans.in\/?p=1241"},"modified":"2020-07-31T09:54:20","modified_gmt":"2020-07-31T09:54:20","slug":"car-loan-gangtok","status":"publish","type":"post","link":"https:\/\/magicloans.in\/car-loan-gangtok\/","title":{"rendered":"Car Loan Gangtok"},"content":{"rendered":"<style>\r\n    :root {\r\n      --primary: white;\r\n      --material: rgb(224, 58, 16);\r\n    }\r\n\r\n    .frame form#contact .autodata {\r\n      position: relative;\r\n    }\r\n\r\n    .frame form#contact .autodata input {\r\n      width: 100%;\r\n    }\r\n\r\n    .frame form#contact .autodata ul#citySearchResult,\r\n    .frame form#contact .autodata ul#companySearchResult {\r\n      border: 1px solid #ddd;\r\n      top: 46px;\r\n      position: absolute;\r\n      width: 100%;\r\n      margin: 0;\r\n      background: #fff;\r\n      overflow-y: auto;\r\n      z-index: 999;\r\n      max-height: 139px;\r\n      padding: 0px 12px 0;\r\n      overflow-x: hidden;\r\n      border-radius: 8px;\r\n    }\r\n\r\n    .frame form#contact .autodata ul#citySearchResult li,\r\n    .frame form#contact .autodata ul#companySearchResult li {\r\n      list-style-type: none;\r\n      cursor: pointer;\r\n    }\r\n\r\n    .frame form#contact .autodata ul#citySearchResult li:hover,\r\n    .frame form#contact .autodata ul#companySearchResult li:hover {\r\n      background-color: #aaa !important;\r\n    }\r\n\r\n    .frame form#contact .autodata ul#companySearchResult li:nth-of-type(2n),\r\n    .frame form#contact .autodata ul#citySearchResult li:nth-of-type(2n) {\r\n      background: #ccc;\r\n    }\r\n\r\n    .frame form#contact .autodata ul#companySearchResult li,\r\n    .frame form#contact .autodata ul#citySearchResult li {\r\n      background: #eee;\r\n      padding: 7px;\r\n    }\r\n\r\n    .frame form#contact .autodata ul#companySearchResult,\r\n    .frame form#contact .autodata ul#citySearchResult {\r\n      border: 0px;\r\n      padding: 0px;\r\n    }\r\n\r\n    \/* FORM *\/\r\n\r\n    html,\r\n    body * {\r\n      box-sizing: border-box;\r\n      font-family: 'Open Sans', sans-serif;\r\n    }\r\n\r\n    .frame form#contact h3 {\r\n      text-transform: capitalize;\r\n      font-weight: normal !important;\r\n      color: rgba(255, 255, 255, 0.8) !important;\r\n      font-size: 18px !important;\r\n      margin: 10px 0;\r\n    }\r\n\r\n    .frame {\r\n      background-color: #1a202a;\r\n      width: 80% !important;\r\n      margin: 0 auto 20px;\r\n      border-top: solid 1px rgba(255, 255, 255, .5);\r\n      border-radius: 5px;\r\n      box-shadow: 0px 2px 7px rgba(0, 0, 0, 0.2);\r\n      overflow: hidden;\r\n    }\r\n\r\n    #contact {\r\n      width: 100%;\r\n      font-size: 16px;\r\n      padding: 40px 60px;\r\n      transition: opacity .5s ease, transform .5s ease;\r\n      display: flex;\r\n      flex-direction: column;\r\n    }\r\n\r\n    .frame form#contact .multi-inputs {\r\n      display: flex;\r\n      gap: 20px;\r\n    }\r\n\r\n    .frame form#contact .group {\r\n      position: relative;\r\n      margin: 12px 0;\r\n      width: 100%;\r\n    }\r\n\r\n    .frame form#contact textarea {\r\n      resize: none;\r\n    }\r\n\r\n    .frame form#contact input,\r\n    .frame form#contact textarea {\r\n      background: none;\r\n      color: rgba(255, 255, 255, 0.8);\r\n      font-size: 18px;\r\n      padding: 10px 10px 10px 5px !important;\r\n      display: block;\r\n      width: 100%;\r\n      border-radius: 0;\r\n      border: none !important;\r\n      border: 1px solid #aaa !important;\r\n      background-color: transparent;\r\n      transition: 0.25s;\r\n      border-radius: 2px;\r\n      margin-bottom: 0 !important;\r\n    }\r\n\r\n    .frame form#contact input:focus,\r\n    .frame form#contact textarea:focus,\r\n    .frame form#contact input:valid,\r\n    .frame form#contact textarea:valid {\r\n      outline: none;\r\n      border-color: transparent !important;\r\n    }\r\n\r\n    .frame form#contact input:focus~label,\r\n    .frame form#contact input:valid~label,\r\n    .frame form#contact textarea:focus~label,\r\n    .frame form#contact textarea:valid~label {\r\n      top: -14px;\r\n      left: 5px;\r\n      font-size: 12px;\r\n      color: var(--primary);\r\n    }\r\n\r\n    .frame form#contact input:focus~.bar:before,\r\n    .frame form#contact textarea:focus~.bar:before,\r\n    .frame form#contact input:valid~.bar:before,\r\n    .frame form#contact textarea:valid~.bar:before {\r\n      width: 100%;\r\n    }\r\n\r\n    input[type=password] {\r\n      letter-spacing: 0.3em;\r\n    }\r\n\r\n    .frame form#contact label {\r\n      color: rgba(255, 255, 255, 0.8);\r\n      font-size: 16px;\r\n      font-weight: normal;\r\n      position: absolute;\r\n      pointer-events: none;\r\n      left: 15px;\r\n      top: 10px;\r\n      transition: 300ms ease all;\r\n    }\r\n\r\n    .frame form#contact .bar {\r\n      position: relative;\r\n      display: block;\r\n      width: 100%;\r\n    }\r\n\r\n    .frame form#contact .bar:before {\r\n      content: \"\";\r\n      height: 2px;\r\n      width: 0;\r\n      bottom: 0px;\r\n      position: absolute;\r\n      background: var(--primary);\r\n      transition: 300ms ease all;\r\n      left: 0%;\r\n    }\r\n\r\n    .frame form#contact .btn {\r\n      background: #fff;\r\n      color: #959595;\r\n      border: none;\r\n      padding: 10px 20px !important;\r\n      border-radius: 3px !important;\r\n      letter-spacing: 0.06em;\r\n      text-transform: uppercase;\r\n      text-decoration: none;\r\n      outline: none;\r\n      box-shadow: 0 1px 3px rgba(0, 0, 0, 0.12), 0 1px 2px rgba(0, 0, 0, 0.24);\r\n      transition: all 0.3s cubic-bezier(0.25, 0.8, 0.25, 1);\r\n    }\r\n\r\n    .frame form#contact .btn:hover {\r\n      color: #8b8b8b;\r\n      box-shadow: 0 7px 14px rgba(0, 0, 0, 0.18), 0 5px 5px rgba(0, 0, 0, 0.12);\r\n    }\r\n\r\n    .frame form#contact .btn.btn-submit {\r\n      width: 200px;\r\n      background: var(--material);\r\n      color: white;\r\n      margin-top: 10px;\r\n      cursor: pointer;\r\n      align-self: flex-end;\r\n    }\r\n\r\n    .frame form#contact .btn.btn-submit:hover {\r\n      background: rgb(222 85 51);\r\n    }\r\n\r\n    .frame form#contact .btn.btn-cancel {\r\n      background: #eee;\r\n    }\r\n\r\n    .frame form#contact .btn.btn-cancel:hover {\r\n      background: #e1e1e1;\r\n      color: #8b8b8b;\r\n    }\r\n\r\n    .frame form#contact .select {\r\n      font-family: 'Roboto', 'Helvetica', 'Arial', sans-serif;\r\n      position: relative;\r\n      width: 100%;\r\n    }\r\n\r\n    .frame form#contact .select-text {\r\n      position: relative;\r\n      width: 100%;\r\n      padding: 10px 10px 10px 5px !important;\r\n      font-size: 18px;\r\n      border: 1px solid #aaa !important;\r\n      background-color: transparent;\r\n      transition: all 300ms;\r\n      border-radius: 2px;\r\n      margin-bottom: 0 !important;\r\n      color: rgba(255, 255, 255, 0.8);\r\n      font-weight: 300;\r\n      height: auto!important;\r\n    }\r\n\r\n    .frame form#contact .select-text option {\r\n      color: #333;\r\n    }\r\n\r\n    \/* Remove focus *\/\r\n    .frame form#contact .select-text:focus {\r\n      outline: none;\r\n      border-color: transparent !important;\r\n      border-bottom-color: #aaa;\r\n    }\r\n\r\n    \/* Use custom arrow *\/\r\n    .frame form#contact .select .select-text {\r\n      appearance: none;\r\n      -webkit-appearance: none\r\n    }\r\n\r\n    .frame form#contact .select:after {\r\n      position: absolute;\r\n      top: 18px;\r\n      right: 10px;\r\n      \/* Styling the down arrow *\/\r\n      width: 0;\r\n      height: 0;\r\n      padding: 0;\r\n      content: '';\r\n      border-left: 6px solid transparent;\r\n      border-right: 6px solid transparent;\r\n      border-top: 6px solid rgba(0, 0, 0, 0.12);\r\n      pointer-events: none;\r\n    }\r\n\r\n\r\n    \/* LABEL ======================================= *\/\r\n    .frame form#contact .select-label {\r\n      color: rgba(255, 255, 255, 0.8);\r\n      font-weight: normal;\r\n      font-size: 16px;\r\n      position: absolute;\r\n      pointer-events: none;\r\n      left: 15px;\r\n      top: 10px;\r\n      transition: 300ms ease all;\r\n    }\r\n\r\n    \/* active state *\/\r\n    .frame form#contact .select-text:focus~.select-label,\r\n    .frame form#contact .select-text:valid~.select-label {\r\n      color: var(--primary);\r\n      top: -14px;\r\n      left: 5px;\r\n      font-size: 12px;\r\n    }\r\n\r\n    .frame form#contact .select-text:focus,\r\n    .frame form#contact .select-text:valid {\r\n      border-color: transparent !important;\r\n    }\r\n\r\n    \/* BOTTOM BARS ================================= *\/\r\n    .frame form#contact .select-bar {\r\n      position: relative;\r\n      display: block;\r\n      width: 100%;\r\n    }\r\n\r\n    .frame form#contact .select-bar:before,\r\n    .frame form#contact .select-bar:after {\r\n      content: '';\r\n      height: 2px;\r\n      width: 0;\r\n      bottom: 1px;\r\n      position: absolute;\r\n      background: var(--primary);\r\n      transition: 0.2s ease all;\r\n    }\r\n\r\n    .frame form#contact .select-bar:before {\r\n      left: 50%;\r\n    }\r\n\r\n    .frame form#contact .select-bar:after {\r\n      right: 50%;\r\n    }\r\n\r\n    \/* active state *\/\r\n    .frame form#contact .select-text:focus~.select-bar:before,\r\n    .frame form#contact .select-text:focus~.select-bar:after,\r\n    .frame form#contact .select-text:valid~.select-bar:before,\r\n    .frame form#contact .select-text:valid~.select-bar:after {\r\n      width: 50%;\r\n    }\r\n\r\n    .frame form#contact .select-highlight {\r\n      position: absolute;\r\n      height: 60%;\r\n      width: 100px;\r\n      top: 25%;\r\n      left: 0;\r\n      pointer-events: none;\r\n      opacity: 0.5;\r\n    }\r\n\r\n    @media (min-width:0px) and (max-width:567px) {\r\n      .frame {\r\n        width: 96% !important;\r\n      }\r\n\r\n      .frame form#contact .autodata ul#companySearchResult li {\r\n        font-size: 16px;\r\n      }\r\n\r\n      .frame form#contact .autodata ul#companySearchResult li,\r\n      .frame form#contact .autodata ul#citySearchResult li {\r\n        font-size: 14px;\r\n      }\r\n\r\n      .frame form#contact div.multi-inputs {\r\n        flex-direction: column;\r\n        gap: 0;\r\n      }\r\n\r\n      #contact {\r\n        padding: 10px 15px !important;\r\n        transition: opacity .5s ease, transform .5s ease;\r\n        display: flex;\r\n        flex-direction: column;\r\n      }\r\n\r\n      .frame form#contact .group {\r\n        margin: 10px 0 !important;\r\n      }\r\n\r\n      .frame form#contact .btn.btn-submit {\r\n        align-self: center !important;\r\n        width: 100% !important;\r\n      }\r\n\r\n    }\r\n  <\/style>\r\n\r\n<div class=\"container\">\r\n        <div class=\"frame\">\r\n            <form id=\"contact\" action=\"https:\/\/crm.zoho.com\/crm\/WebForm\" name=\"WebForm778470000035380591\" method=\"POST\" onsubmit=\"javascript:document.charset='UTF-8'; return checkMandatory()\" accept-charset=\"UTF-8\">\r\n                <h3><strong>Car Loan @ 8.10%*<\/strong><\/h3>\r\n                <h2>Apply Now &amp; Get Instant Approval<\/h2>\r\n                <input type=\"text\" style=\"display:none;\"\r\n                    name=\"xnQsjsdp\" value=\"d6defc94b02bcb3bf52a5c3ad2e81b3508d60e51952b815de4dc225022111d15\">\r\n                    <input type=\"text\" style=\"display:none;\" name=\"xmIwtLD\" value=\"dd6f9e66bc53a4c26ad52253ec8ca252e3be99b5c457a4a9fca3f778c0293f8c\">\r\n                    <input type=\"text\" style=\"display:none;\" name=\"actionType\" value=\"Q3VzdG9tTW9kdWxlMQ==\">\r\n                    <input type=\"text\" style=\"display:none;\" name=\"returnURL\" value=\"http:\/\/www.magicloans.in\/thank-you\/\">\r\n\r\n                    <div class=\"multi-inputs\">\r\n                        <div class=\"group\">\r\n                            <input id=\"NAME\" name=\"NAME\" type=\"text\" tabindex=\"1\" required=\"\" autofocus>\r\n                            <span class=\"highlight\">\r\n                            <\/span><span class=\"bar\"><\/span>\r\n                            <label>Full name<\/label>\r\n                        <\/div>\r\n\r\n                        <div class=\"group\">\r\n                            <input id=\"COBJ1CF11\" name=\"COBJ1CF11\" type=\"text\" tabindex=\"2\" minlength=\"10\" maxlength=\"10\" required=\"\">\r\n                            <span class=\"highlight\">\r\n                            <\/span><span class=\"bar\"><\/span>\r\n                            <label>Mobile number<\/label>\r\n                        <\/div>\r\n                    <\/div>\r\n\r\n                    <div class=\"multi-inputs\">\r\n                        <div class=\"group\">\r\n                            <div class=\"input-group autodata\">\r\n                                <input id=\"COBJ1CF171\" name=\"COBJ1CF171\" type=\"text\" tabindex=\"3\" required=\"\">\r\n                                <ul id=\"citySearchResult\" style=\"display: none;text-align:left;\"><\/ul>\r\n                                <span class=\"highlight\"><\/span>\r\n                                <span class=\"bar\"><\/span>\r\n                                <label>City<\/label>\r\n                            <\/div>\r\n                        <\/div>\r\n\r\n                        <div class=\"group\">\r\n                            <input id=\"COBJ1CF63\" name=\"COBJ1CF63\" type=\"text\" tabindex=\"4\" minlength=\"5\" required=\"\">\r\n                            <span class=\"highlight\">\r\n                            <\/span><span class=\"bar\"><\/span>\r\n                            <label>Monthly Income<\/label>\r\n                        <\/div>\r\n                    <\/div>\r\n\r\n                    <div class=\"multi-inputs\">\r\n                        <div class=\"group\">\r\n                            <div class=\"select\">\r\n                                <select class=\"select-text\" name=\"COBJ1CF21\" tabindex=\"5\" required=\"\">\r\n                                    <option value=\"\" disabled selected><\/option>\r\n                                    <option value=\"Salaried\">Salaried<\/option>\r\n                                    <option value=\"Self Employed\">Self Employed<\/option>\r\n                                <\/select>\r\n                                <span class=\"select-highlight\"><\/span>\r\n                                <span class=\"select-bar\"><\/span>\r\n                                <label class=\"select-label\">Occupation Type<\/label>\r\n                            <\/div>\r\n                        <\/div>\r\n\r\n                        <div class=\"group\">\r\n                            <div class=\"select\">\r\n                                <select class=\"select-text\" name=\"COBJ1CF33\" tabindex=\"5\" required=\"\">\r\n                                    <option value=\"\" disabled selected><\/option>\r\n                                    <option value=\"New\">New Car<\/option>\r\n                                    <option value=\"Used\">Used Car<\/option>\r\n                                <\/select>\r\n                                <span class=\"select-highlight\"><\/span>\r\n                                <span class=\"select-bar\"><\/span>\r\n                                <label class=\"select-label\">Car Type<\/label>\r\n                            <\/div>\r\n                        <\/div>\r\n                    <\/div>\r\n\r\n                    <div class=\"multi-inputs\">\r\n                        <div class=\"group\">\r\n                            <div class=\"select\">\r\n                                <select class=\"select-text\" name=\"COBJ1CF48\" tabindex=\"5\" required=\"\">\r\n                                    <option value=\"\" disabled selected><\/option>\r\n                                    <option value=\"Personal\">For Personal Use<\/option>\r\n                                    <option value=\"Commercial\">Commercial Use (Uber, Ola, Taxi etc.)<\/option>\r\n                                <\/select>\r\n                                <span class=\"select-highlight\"><\/span>\r\n                                <span class=\"select-bar\"><\/span>\r\n                                <label class=\"select-label\">Car Purpose<\/label>\r\n                            <\/div>\r\n                        <\/div>\r\n\r\n                        <div class=\"group\">\r\n                            \r\n                        <\/div>\r\n                    <\/div>\r\n\r\n                    <button type=\"submit\" class=\"btn btn-submit\" tabindex=\"5\">Get Me The Best Offer<\/button>\r\n\r\n                    <input type=\"hidden\" name=\"COBJ1CF4\" id=\"COBJ1CF4\" value=\"Web Lead\">\r\n                    <input type=\"hidden\" name=\"COBJ1CF3\" id=\"COBJ1CF3\" value=\"Fresh\">\r\n                    <input type=\"hidden\" name=\"COBJ1CF158\" id=\"COBJ1CF158\" value=\"MagicLoans\">\r\n                    <input type=\"hidden\" name=\"zc_gad\" id=\"zc_gad\" value=\"\">\r\n                    \r\n                <script>\r\n                    var mndFileds = new Array('NAME', 'COBJ1CF11');\r\n                    var fldLangVal = new Array('Full Name', 'Mobile');\r\n                    var name = '';\r\n                    var email = '';\r\n        \r\n                    function checkMandatory() {\r\n                        for (i = 0; i < mndFileds.length; i++) {\r\n                            var fieldObj = document.forms['WebForm778470000035380591'][mndFileds[i]];\r\n                            if (fieldObj) {\r\n                                if (((fieldObj.value).replace(\/^s+|s+$\/g, '')).length == 0) {\r\n                                    if (fieldObj.type == 'file') {\r\n                                        alert('Please select a file to upload.');\r\n                                        fieldObj.focus();\r\n                                        return false;\r\n                                    }\r\n                                    alert(fldLangVal[i] + ' cannot be empty.');\r\n                                    fieldObj.focus();\r\n                                    return false;\r\n                                } else if (fieldObj.nodeName == 'SELECT') {\r\n                                    if (fieldObj.options[fieldObj.selectedIndex].value == '-None-') {\r\n                                        alert(fldLangVal[i] + ' cannot be none.');\r\n                                        fieldObj.focus();\r\n                                        return false;\r\n                                    }\r\n                                } else if (fieldObj.type == 'checkbox') {\r\n                                    if (fieldObj.checked == false) {\r\n                                        alert('Please accept  ' + fldLangVal[i]);\r\n                                        fieldObj.focus();\r\n                                        return false;\r\n                                    }\r\n                                }\r\n                                try {\r\n                                    if (fieldObj.name == 'Last Name') {\r\n                                        name = fieldObj.value;\r\n                                    }\r\n                                } catch (e) { }\r\n                            }\r\n                        }\r\n                    }\r\n        \r\n                <\/script>\r\n            <\/form>\r\n        <\/div>\r\n    <\/div>\r\n<\/form>\n<\/div>\n<p align=\"justify\">&nbsp;<\/p>\n<style type=\"text\/css\">\n<!--\n.style1 {color: #F60}\n-->\n<\/style>\n<p align=\"justify\"><span class=\"style1\"><strong>Car Loan Gangtok<\/strong><\/span><br \/>\nUpgrade your four wheeler now and buy a new car easily with the help of  Magicloans and avail the best offers on car Loan at Lowest Interest rates and easy Disbursal and lot more. Grab the best deal now to avail the comfort of your new car<\/p>\n<p align=\"left\">&nbsp;<\/p>\n<p align=\"left\"><span class=\"style1\"><strong>Why to Choose a Car Loan in <\/strong><strong>Gangtok?<\/strong><\/span><\/p>\n<div align=\"center\">\n<table border=\"1\" cellspacing=\"0\" cellpadding=\"0\">\n<tr>\n<td>\n<p align=\"center\"><strong>Interest Rates<\/strong> <\/p>\n<\/td>\n<td>\n<p align=\"center\"><img decoding=\"async\" src=\"http:\/\/www.magicloans.in\/wp-content\/uploads\/2017\/06\/Magic-Loans.png\"><\/p>\n<\/td>\n<\/tr>\n<td>\n<p align=\"center\">\n<\/td>\n<\/tr>\n<tr>\n<td>\n<p align=\"center\"><strong>Collateral Required<\/strong> <\/p>\n<\/td>\n<td>\n<p align=\"center\">Hypothecation of the car<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td>\n<p align=\"center\"><strong>Loan Tenure<\/strong> <\/p>\n<\/td>\n<td>\n<p align=\"center\">1 Yr to 5 Years<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td>\n<p align=\"center\"><strong>Max Funding<\/strong> <\/p>\n<\/td>\n<td>\n<p align=\"center\">Upto 90% of Car Value<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td>\n<p align=\"center\"><strong>Pre-Closure Charges<\/strong> <\/p>\n<\/td>\n<td>\n<p align=\"center\">0 % to 4 % of outstanding loan    amount<\/p>\n<\/td>\n<\/tr>\n<\/table>\n<\/div>\n<p align=\"left\">&nbsp;<\/p>\n<p align=\"left\" class=\"style1\"><strong>What is the Eligibility Criteria for a Car Loan in Gangtok?<\/strong><\/p>\n<ol>\n<li>A borrower must be an Indian resident<\/li>\n<li>Minimum Income of Rs 15,000 per month<\/li>\n<li>Minimum 1 year Residential stability  is mandatory<\/li>\n<li>Minimum 21 years of age is mandatory<\/li>\n<li>Minimum 1 year of employment stability  is must<\/li>\n<\/ol>\n<p>&nbsp;<\/p>\n<p class=\"style1\"><strong>What documents are required to apply  for a Car Loan in Gangtok?<\/strong><\/p>\n<p>When  you apply for a Car Loan, these are the documents which are commonly required,  so keep them handy.<\/p>\n<ol>\n<li><strong>Income proof<\/strong>:\u00a0 Need  to submit your salary slips for the last three months and the statements of  your bank account for last six months. For self-employed people, the  requirement is to submit the audited bank account statements for last six  months.<\/li>\n<li>Employment Proof: Need to submit a copy of the appointment  letter and a certificate of employment issued by your company. For  self-employed individuals, the partnership deed or business establishment  documents need to be submitted.<\/li>\n<li><strong>Tax Proof<\/strong>: Need to submit the IT return or Form 16  documents for the last two years.<\/li>\n<li><strong>Address Proof<\/strong>: Any government sanctioned  KYC document can be submitted as proof of residence.<\/li>\n<li><strong>Age Proof<\/strong>: Any government sanctioned KYC document can be  submitted as proof of age.<\/li>\n<\/ol>\n<p>&nbsp;<\/p>\n<p class=\"style1\"><strong>Factors  that affect Car Loan Interest rates in Gangtok<\/strong><\/p>\n<ol>\n<li><strong>Credit history: <\/strong>The interest rate depends on the credit history you have built in past years, the high cibil score will not only help you in getting a loan but will also empower you with a strong bargaining power. <\/li>\n<li><strong>Income level<\/strong>: Higher the income better are the chances for the approval of higher loan amount. <\/li>\n<li><strong>Amount of down payment<\/strong>: Higher the down payment made lesser will be the amount that the bank will have to lend you. As a result, the bank\u2019s risk will go down. Also, it shows that your financial position is sound. You may get loan at a lower interest rate from the  bank.<\/li>\n<li><strong>Tenure of the loan: <\/strong>Car  loan is generally available for tenure of up to 7 years. &nbsp; It is generally seen that banks charge a higher interest rate for a loan of the shorter time period and vice versa. Longer  tenors will enhance repayment capacity.<\/li>\n<li><strong>Car model and age: <\/strong>It is necessary for the bank to consider the car model in deciding the interest rate as on sale every model may not fetch the expected price. New cars are more easily financed than used cars; a high-end model will be expensive which means the borrower has to be able to pay the required down payment. <\/li>\n<\/ol>\n<p>&nbsp;<\/p>\n<p align=\"justify\"><span class=\"style1\"><strong>A Little About Gangtok<\/strong>:<\/span>Gangtok is the capital of the mountainous northern Indian state of Sikkim. Established as a Buddhist pilgrimage site in the 1840s, the city became capital of an independent monarchy after British rule ended, but joined India in 1975.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>&nbsp; Car Loan Gangtok Upgrade your four wheeler now and buy a new car easily with the help of Magicloans and avail the best offers on car Loan at Lowest Interest rates and easy Disbursal and lot more. Grab the best deal now to avail the comfort of your new car &nbsp; Why to Choose&hellip;&nbsp;<a href=\"https:\/\/magicloans.in\/car-loan-gangtok\/\" class=\"\" rel=\"bookmark\">Read More &raquo;<span class=\"screen-reader-text\">Car Loan Gangtok<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"neve_meta_sidebar":"","neve_meta_container":"","neve_meta_enable_content_width":"","neve_meta_content_width":0,"neve_meta_title_alignment":"","neve_meta_author_avatar":"","neve_post_elements_order":"","neve_meta_disable_header":"","neve_meta_disable_footer":"","neve_meta_disable_title":"","footnotes":""},"categories":[],"tags":[],"_links":{"self":[{"href":"https:\/\/magicloans.in\/wp-json\/wp\/v2\/posts\/1241"}],"collection":[{"href":"https:\/\/magicloans.in\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/magicloans.in\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/magicloans.in\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/magicloans.in\/wp-json\/wp\/v2\/comments?post=1241"}],"version-history":[{"count":0,"href":"https:\/\/magicloans.in\/wp-json\/wp\/v2\/posts\/1241\/revisions"}],"wp:attachment":[{"href":"https:\/\/magicloans.in\/wp-json\/wp\/v2\/media?parent=1241"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/magicloans.in\/wp-json\/wp\/v2\/categories?post=1241"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/magicloans.in\/wp-json\/wp\/v2\/tags?post=1241"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}