Car Loan Udipi

Best Banks for Car Loan in Udipi

Car Loan Udipi Features

If you are a resident of Udipi, you can easily apply for a car loan to various banks and NBFCs at flexible tenures, for both brand new ones and second-hand cars, and for both ex-showroom and on-road prices. Loans are offered at attractive interest rates, making it convenient for you to fulfill your dream of having your own car. Loans vary according to the model and type of car you wish to purchase, so make sure you choose the right bank as well as the right car dealer. You can also get access to features such as:

• Low-interest rates, which may vary from bank to bank
• Car loans in Udipi are offered by almost all major banks and NBFCs in the city.
• The documentation process is quick, efficient and hassle-free
• Car loans are easily available through DialaBank

Car Loan Udipi Interest Rate

To check Car Loan Interest Rate for all major banks you can visit: Car Loan Interest Rates

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Car Loan Udipi Documents Required

Documents required to avail of a car loan :

For salaried:

• Identity Proof: Documents such as your Passport copy, PAN Card, Voters ID card, Driving License will be required.
• Income Proof: For Salaried the latest 3-month salary slip with form 16
• Address Proof: Ration card / Driving license / Voters card / Passport Copy / Telephone Bill / Electricity Bill / Life Insurance Policy /PAN Card
• Bank Statement: from the last 6 months will be required.

For self-employed:

• Identity Proof: Documents such as your Passport copy, PAN Card, Voters ID card, Driving License will be required.
• Income Proof: the latest ITR will be required.
• Address Proof: Ration card / Driving license / Voters card / Passport Copy / Telephone Bill / Electricity Bill / Life Insurance Policy /PAN Card
• Bank Statement: from the last 6 months will be required.

Car Loan Udipi Eligibility Criteria

The car loan eligibility requirements are as followed in Udipi:

For salaried:

• The Minimum age requirement is 21 years
• The Maximum age at loan maturity should be 65 years
• The Minimum employment term for a Salaried employee is 1 year in current employment and a minimum of 2 years of total employment
• The Minimum Annual Income for a Salaried employee is Rs 100000 net annual income

For self-employed:

• The Minimum age requirement is 21 years
• The Maximum age at loan maturity should be 65 years
• The Minimum employment term for Self Employed is at least 3 years in business
• The net profit is 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 Udipi

TABLE WILL APPEAR

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Processing Fees & Prepayment Charges on Car Loan Udipi

CIBIL Score Required for Car Loan in Udipi

The Cibil score is referred to as your ability to pay off your credits efficiently.

While 650 is considered as a ‘fair’ score, it comes close to a poor rating. It is advisable to have a score of 750 and above to get your loan sanctioned easily. This score depends on your credit history and is negatively impacted if you fail to pay your EMIs. This score may again vary from bank to bank

Car Loan Udipi Contact Number

Dial-up at 9878981166 to contact us for more information to get the best car loan advice!

Pre Calculated EMI Table for Car Loan Udipi

Car Loan EMI Calculator

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