Car Loan Addanki

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Best Banks for Car Loan in Addanki

Feature
HDFC Bank
ICICI Bank
Kotak Mahindra Bank
Interest Rate
8% - 8.4 %
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 Addanki Features

car loan addankiNeed to upgrade? Need to gift your loved one a car? Don’t want your budget to be affected by it? Worry no more, Dialabank here will look after all of your needs. In this, you can get the loan in a few minutes with minimum basic documents and also with attractive interest rates. Our relationship managers will help you through every step of the process along with all the documentation which would be required.

Click here for HDFC car loan

Car Loan Addanki Interest Rate

  • The applicant requires less than Rs. 3 lacs then the interest rate will be 10.25% per annum.
  • Secondly, the amount of loan is between Rs.3 lacs to Rs.6 lacs, then the interest rate will be 9.50% per annum.
  • Moreover, for the loan amount between Rs.6 lacs and Rs.10 lacs, a 9.25% interest rate will be charged.
  • If the loan amount is between Rs.10-20 lacs, then the interest rate charged will be 9.00% per annum.
  • Lastly, the loan amount above Rs. 20 lacs then the interest rate will be 8.70% per annum.
  • The interest rate for used cars starts at 14.00% per annum.

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
ICICI 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
1%
Nil
Andhra Bank Car Loan
Nil
Nil

 

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

Car Loan Addanki Documents Required

  • The last six months bank statement is needed.
  • If the applicant was Salaried, then the applicant should have  latest 3-month salary slip with form 16.
  • If the applicant was self-employed, then the applicant has to submit Income tax returns.
  • Local proofs like Pan card, Voter Id, Driving license, or Aadhar is required.
  • Two passport size photocopies are required.
  • Ration card/ Telephone bill /Electric city is required.

Car Loan Addanki Eligibility Criteria

  1. The CIBIL of the applicant needs to be more than 700.
  2. The loan is given for a period of 60 months to 84 months.
  3. The minimum amount of credit that can be claimed by the applicant is Rs. 1 lakh.
  4. Also, the top-up amount is twice the paid loan amount.
  5. Car Loan is not given to constables.
  6. The persons having CIBIL 0, 1, -1 are also considered the right customers.
  7. If the installment gets bounced, then the amount charged by the bank will be doubled for the respective month.

How to Apply for Car Loan in Addanki?

  • Visit Dialabank website.
  • Go to the loan section and select an auto loan followed by a car loan link.
  • Provide all your information, including your phone number.
  • In a few minutes, you will receive call from our experts.
  • Then, you can start loan process.

Click here for Kotak car loan

Processing Fees & Prepayment Charges on Car Loan Addanki

check here for the processing Fees and Prepayment charges on a car loan.

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 Addanki

Cibil score always plays a key role in getting a loan. A Good Cibil score always ranges from 700-900. if the applicant the cibil score is more then 750+ then, the applicant will get loan approvals quickly.  if the Cibil score is below 700 then, the loan approval will be pending.so, check your Cibil before applying for the loan.

Click here for ICICI car loan

Car Loan Addanki Contact Number

To get instant help and any more queries, you can call 9878981166.

Pre Calculated EMI Table for Car Loan Addanki

check here of Pre calculated EMI table for a car loan.

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 Addanki

Addanki is a city in the Indian states of Andhra Pradesh. It comes under the district of Prakasam. With the dialabank providing their services to all parts of the country, it is now feasible to have access to car loans.

Car Loan EMI Calculator

Repaying the loans in EMIs will not affect our monthly budget. as well as paying in time will increases our Cibil score.

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