Car Loan Kolar

I have read the Privacy Policy & Agree to Terms & Conditions and authorize Dialabank & its partner institutions to Call or SMS me with reference to my application.

Buy your dream Car

Rates as low as 7.05%*
Up to 100% Funding
Doorstep Service
Hassle-free Disbursal
Unbiased Experts Advice

Car Loan Kolar

Major Car Loan Providers in Kolar

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 Kolar FeaturesCar loan Kolar

A car loan is a financial help provided by banks and NBFC’s to fulfill your dream of having your own car. They provide necessary funding for purchasing a car which can be on Ex-Showroom Price or On-Road Price of the car. A Car Loan is a secured loan with easy repayment options. The loan amount is offered on Interest charges which vary from bank to bank. One can pay for the vehicle in easy installments.

Features of car loan in Kolar are:

  • Easy monthly repayment options
  • Instantly available
  • Loan Tenure period varies from 1-7 years
  • Affordable car loan interest Rates
  • No hidden charges
  • Quick approval with a minimum documentation

Car Loan Kolar Interest Rate

Apply for a Car Loan

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 Kolar Documents Required

Documents required for car loan are as followed:

For Salaried Employee

  1. Identity Proof required is a copy of Passport, PAN Card, Voters ID card, Driving License
  2. Income Proof For Salaried persons is the Latest 3-months salary slip with form 16
  3. Address Proof required is one of the following: Ration card / Driving license / Voters card / Passport Copy / Telephone Bill / Electricity Bill / Life Insurance Policy /PAN Card
  4. And the Bank Statement of the Last 6 months.

For Self Employed

  1. Identity Proof required is a copy of Passport, PAN Card, Voters ID card, Driving License
  2. The latest ITR of the firm of the applicant
  3. Address Proof required is one of the following: Ration card / Driving license / Voters card / Passport Copy / Telephone Bill / Electricity Bill / Life Insurance Policy /PAN Card
  4. And the Bank Statement of the Last 6 months.

Car Loan Kolar Eligibility Criteria

The car loan eligibility criteria requirements are as followed in Kolar:

For Salaried Employee

  1. The minimum age criteria for applying for a car loan is 21 years.
  2. The Maximum age at loan maturity can not be more than 65 years
  3. The Minimum employment required for Salaried individuals is 1 year in current employment and a minimum of 2 years of employment
  4. The Minimum Annual Income Required For Salaried individuals is Rs 100000 net annual income

For Self Employed

  1. The minimum age criteria for applying for a car loan is 21 years.
  2. The Maximum age at loan maturity can not be more than 65 year
  3. The Minimum Annual Income Required For Salaried individuals is Rs 100000 net annual income

Car Loan for Major Car Manufacturers in Kolar

Apply for a Car Loan

TABLE WILL APPEAR

Processing Fees & Prepayment Charges on Car Loan Kolar

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 Kolar

CIBIL score reflects your credit history in the past as well as your defaults in repayment of your previous loans. A good credit score is considered as 750 and above as most of the financial institutions ask for a high credit score. Every bank and NBFC has different criteria for a minimum CIBIL score they require to process your loan. A Lower CIBIL score than 750 can attract a higher rate of interest.

A very low CIBIL score might lead to rejection of your loan as it is the first thing a bank tracks before processing your loan.

Car Loan Kolar Contact Number

For more information on a car loan in Kolar, you can call us on 9878981166.

Or you can also visit us at Dialabank.

Pre Calculated EMI Table for Car Loan Kolar

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 Kolar

Kolar is a city in Karnataka famous for its gold mines and milk production. Kolar is also famous for the Someshwara temple and the Kolaramma temple. Kannada is the official language used in Kolar.

Special Note: Banks do not provide Car Loans to bad credit holders, but one can fulfill their money requirement with Gold Loan easily.

Car Loan EMI Calculator

Apply for a Car Loan

Other Cities For Car Loan In Karnataka

Car Loan Jamkhandi Car Loan Haveri
Car Loan Hunsur Car Loan Hassan
Car Loan Hospet Car Loan Gulbarga
Car Loan Hubli Car Loan Gadag