Best Banks for Car Loan in Tirupati
Car Loan Tirupati Features
A car loan is financial help that banks and NBFC provide to fulfill your dream of having your desired car. They provide all the necessary financing to buy a car that can be on the car’s Ex-Showroom Price or On-Road Price. A Car loan is a secure loan with convenient options for repayments. The amount of the loan is offered at interest charges that vary from bank to bank. In easy installments, one can pay for the vehicle.
Car Loan Tirupati Interest Rate
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 Tirupati Documents Required
Documents required for car loan are as followed:
For Salaried Employee
- Identity Proof: Provide any ID like Passport copy, PAN Card, Voters ID card, Driving License
- Income Proof: It is compulsory to provide the latest 3-month salary slip with form 16
- Address Proof: Permanent address proof like Ration card / Driving license / Voters card / Passport Copy / Telephone Bill / Electricity Bill / Life Insurance Policy /PAN Card
- Bank Statement: The last six months’ statement to be submitted.
For Self-Employed
- Identity Proof: Provide any ID like Passport copy, PAN Card, Voters ID card, Driving License
- Income Proof: Latest ITR proof
- Address Proof: Permanent address proof like Ration card / Driving license / Voters card / Passport Copy / Telephone Bill / Electricity Bill / Life Insurance Policy /PAN Card
- Bank Statement: The last six months’ statement to be submitted.
Car Loan Tirupati Eligibility Criteria
The car loan eligibility requirements are as followed:
For Salaried Employee
- The minimum age requirements are 21 years.
- The applicants should not be more than 60 and 65 years at the time of completion of tenure
- The individuals should possess a minimum of 1-year experience in current employment and a minimum of 2 years of employment from the past
- Minimum Annual Income: For such applicants Rs 100000 net annual income
- Usually getting a car loan is easier when the applicant possesses a CIBIL score of 750 and above which is an essential factor required for the loan approval in Tirupati.
For Self Employed
- The minimum age requirements are 30 years in case of a self-employed
- The applicants should not be more than 60 and 65 years at the time of the completion of the loan tenure.
- At least 3 years in operating business
- Minimum Annual Income: Net profit Rs. 60000 p.a for standard cars and Rs.100000 p.a. for best mid-sized and premium cars
- Usually getting a car loan is easier when the applicant possesses a CIBIL score of 750 and above which is an essential factor required for the loan approval in Tirupati.
Car Loan for Major Car Manufacturers in Tirupati
TABLE WILL APPEARProcessing Fees & Prepayment Charges on Car Loan Tirupati
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 Tirupati
Each lending institution has its requirements for the minimum CIBIL score needed to process the Car Loan Tirupati application in Tenali to reduce the risk of lending to you and also if your CIBIL score is low you get a high-interest rate than others. Most institutions require a minimum CIBIL score of 750 or above to process your application for a loan.
The institutions don’t just look at the overall score but also the detailed behavior on the previous loans taken. This includes details on the type of loan taken and the amount borrowed. Any delayed payments for previous loans can act as a barrier to your availing a fresh loan.
Car Loan Tirupati Contact Number
You can get a car loan Tirupati easily from dialabank by contacting the number 9878981166 to get assistance or visit our website Dialabank.
Pre Calculated EMI Table for Car Loan Tirupati
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 Tirupati
Tirupati is a city in the Indian state of Andhra Pradesh. Its Sri Venkateswara Temple sits atop one of the 7 peaks of Tirumala Hills, attracting thousands of Hindu pilgrims. Sri Venkateswara National Park, home to the temple, additionally incorporates the Sri Venkateswara Zoological Park with lions and primates. nearby, after a waterfall and cave believed to be sacred, Sri Kapileswara Swamy Temple is devoted to Lord Shiva.
As per the Census India 2011, Tirupati has a population of 1,177,361.
Car Loan EMI Calculator
Car loan EMI can be calculated by the Car loan EMI Calculator provided by Dialabank. It is free to use and you can use it an infinite number of times. Equated Monthly Installments(EMI) is the monthly fixed charges that you pay to the bank as monthly repayment for this loan amount borrowed. Based on the profile, the interest rate on the loan is determined. EMI is calculated based on the car loan Interest Rate you are charged by the bank and the amount of loan you have to take and the period for which you enjoy the car loan.
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