Major Car Loan Providers in Guntur
Car Loan Guntur Features
Having your own car has become a need in this era. Everybody is not able to afford it due to a shortage of funds. To fulfill this, we act as a mediator by providing you loans for your car to fulfill your needs and let you own the car of your choice.
You might have come across many loan providers in Guntur and you would be facing trouble in taking time to go to their branches and offices to get yourself a car loan. We have fixed that for you as we bring all the major financial institutions and banks at one place on our website. You can just apply with us for a car loan and we will provide you with the best car loan at the lowest rate of interest.
What is a car loan?
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. 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.
Car Loan Guntur Interest Rate
Apply for a Car Loan
Bank
Processing Fee
HDFC Bank Car Loan
(1999 - 4999) + Tax
Axis Bank Car Loan
1 % to 2.50%
Nil
Private Bank Car Loan
0.25% to 1.50%
SBI Car Loan
500/- to 0.50%
Nil
Kotak Car Loan
1% to 2%
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 Guntur Documents Required
Documents required for car loan are as followed:
For Salaried Individuals:
- Identity Proof: Passport copy, Driving License, PAN Card, Electoral Photo ID card can be used as ID proof.
- Income Proof: Last three months’ or last six months’ salary slip along with Income Tax Return.
- Address Proof: Driving License, Electricity Bill, PAN Card, Electoral Photo ID Card, and Life Insurance Policy are valid address proofs.
- Bank Statement for the preceding six months.
For Self-employed individuals:
- Identity Proof: Passport copy, Driving License, Electoral Photo ID card or PAN Card can be used as ID proof.
- Income Proof: Income Tax Return.
- Address Proof: Driving License, Electricity Bill, PAN Card, Electoral Photo ID Card, and Life Insurance Policy are valid address proofs.
- Bank Statement for the preceding six months.
Car Loan Guntur Eligibility Criteria
The car loan eligibility requirements are as followed:
For Salaried applicants:
- Minimum age should be 21 years,
- Maximum age the time of loan maturity should be 65 years.
- The applicant should have served 1 year in current employment and total work experience of 2 years.
- The minimum annual income needs to be at 100000 Indian rupees as a net annual income.
For Self-Employed Applicants:
- Minimum age should be 21 years,
- Maximum age the time of loan maturity should be 65 years.
- The applicant should be active for at least 3 years in business.
- The net profit required is Rs 60000 per annum for standard cars and Rs 100000 per annum for mid-sized premium cars
How to Apply for Car Loan in Guntur?
Apply for a Car LoanApplying for a car loan with Dialabank is an easy process. Follow the steps to apply for a car loan:
- For Car Loan Guntur, visit Dialabank.
- Fill the form on the Car Loan page.
- Submit it.
- Once you’re done, Car Loan Durgapur agents will contact you for more assistance.
Car Loan for major car manufacturers in Guntur
TABLE WILL APPEARProcessing Fees & Prepayment Charges on Car Loan Guntur
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 Guntur
Apply for a Car LoanCIBIL score indicates your credit history in the past as well as your defaults in repayment of your previous loans. A good credit score is acknowledged as 750 and above as most of the financial companies ask for a high credit score. Every bank and NBFC has distinctive criteria for the least CIBIL score they require to process your loan. A lower CIBIL score than 750 can invite a higher car loan rate of interest.
Car Loan Guntur Contact Number
To get assistance for car loan details and offers, you can call us on 9878981166
Pre Calculated EMI Table for Car Loan Guntur
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 Guntur
Apply for a Car LoanOn the coast of the Bay of Bengal, Guntur is a city in the state of Andhra Pradesh. The city holds a coastline of 100 kilometers. Despite being the 11th most densely populated city in India and 24th in the world, Guntur is a place one should definitely visit. Two major languages spoken in Guntur are Telegu and Urdu. As of 2020, it has a population of 8.5 lakhs.
Special Note: Banks do not provide Car Loans to poor credit holders, but one can accomplish their money requirement with Gold Loan easily.
Car Loan EMI Calculator Guntur
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