Best Banks for Car Loan in Belgaum
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 Belgaum Features
Are you planning a car loan?
Do you need extra money for your dream car?
With minimum documentation/paperwork at Dialabank, you can get a car loan at the best affordable interest rates.
What are some of the Car Loan Belgaum features?
Car Loan Belgaum ensures to provide financial assistance at the best available car loan interest rates. By structurally comparing the loan schemes of various banks and NBFCs, Dialabank gives you the premium experience of an online car loan.
With easy repayment options, Dialabank offers a loan on the Ex-showroom price as well as the On-Road price of the car, so you can choose wisely.
Car Loan Belgaum Interest Rates
Apply for a Car LoanBank | 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 Belgaum Documents Required
Documents required for car loan are as followed:
For Salaried employees:
- Passport copy, PAN Card, Voters ID card, or any other kind of identity proof
- The latest 3-month salary slip with form 16 and ITR filing proofs required
- Permanent address proof to be presented.
- 6 months of bank statements.
For Self-Employed Candidates:
- Passport copy, PAN Card, Voters ID card, or any other kind of identity proof
- Income Tax Return should be filed as Income Proof.
- Permanent address proof to be presented.
- 6 months of bank statements.
Car Loan Belgaum Eligibility Criteria
The car loan eligibility differs slightly for a salaried individual and for a self-employed one.
Salaried Individuals:
- The age should be a minimum of 21 years.
- He/she should not be more than 60 years to avail of a car loan.
- A CIBIL score of 750 and above is a must.
- He/she should have been working for a minimum of 1 year in current employment and a previous minimum of 2 years of employment
- He/she should be earning a minimum of Rs 100000 per year
Self-employed Individuals:
- The age should be between 30-65 years to avail a car loan.
- A CIBIL of 750 and above is required.
- At least 3 years of working business.
- A minimum of Rs. 60k p.a net profits for standard cars and Rs.100000 p.a. for mid-sized and premium cars
How to Apply for Car Loan in Belgaum?
Apply for a Car LoanThere are mainly two ways in which you can apply for a car loan in Belgaum:
- Online process: This process is the simplest of the two. Just visit our website Car Loan Page at Dialabank and fill in a simple form related to your personal name, address details. The details like income, car type for which you want to avail of a car loan are required for our customer relationship managers so they can assist you in a better way. Also, you can call at 9878981166 for help.
- Offline process: This process can be hectic and difficult as you may be required to make regular visits to your Bank to finally get the loan approved. For this, you will have to search for a car loan financed online near you and visit them to know about the loan process.
Car Loan for major car manufacturers in Belgaum
TABLE WILL APPEARProcessing Fees/Prepayment Charges on Car Loan in Belgaum
Category
Details
Processing Charges
Prepayment
Preclosure
Stamp Duty
Cheque Bounce Chgs
Floating Rate of Interest
Not Applicable
Overdue EMI Interest
Amortisation Schedule Chgs
Rs 200 + GST
CIBIL Score Required for Car Loan in Belgaum
Apply for a Car LoanCIBIL score is one of the numeric values provided to ensure the credibility of the applicants, and have a clear idea about the creditworthiness and financial soundness of the candidate. Normally Banks consider a 750 or above credit score as an ideal score for loan approval.
Any person with failure in repayments of the loan may be considered as defaulted or the chance of getting instant approval is negligible for them. The credit score must be good and valid as per the bank’s eligibility criteria. So make sure you have applied with an adequate CIBIL score, otherwise, improve your CIBIL score by clearing all outstanding dues.
Car Loan Belgaum Contact Number
For any queries related to a car loan in Belgaum kindly contact on the number 9878981166.
Pre Calculated EMI Table for Car Loan Belgaum
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 Belgaum
Apply for a Car LoanIn the Southwest Indian state of Karnataka, Belgaum is a city that is known for its Large Belgaum fort and centuries-old mosques. Circled by a moat, the city has Kamal Basti, a Jain temple, a Mahadev temple, and Belgaum city center which makes it culturally diverse. Besides, there is an ancient Kapilehswara Temple along with St. Mary’s Church in the northwest region which makes it worth visiting.
Car Loan EMI Calculator Belgaum
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