Car Loan Akividu

Best Banks for Car Loan in Akividu

Car Loan Akividu Features

⍟ Loan Approval in 30 Minutes
⍟ Lowest Rate of Interest
⍟ Up to 100% on Road Loan
⍟ Minimum Documentation
⍟ Paperless Process
⍟ Flexible Repayment
⍟ Zero Foreclosure
⍟ 24 x 7 Online Payment Facility
⍟ No Hidden Charges

Car Loan Akividu

Want to buy your own car? But don’t have enough funds? Don’t worry. We at Dialabank financial services help customers compare, analyze and choose the best possible loans plans. A car loan helps borrowers finance their dream cars. With the help of Dialabank loan experts, you can easily get car loans plans in Akividu tailor-made for you!

Car Loan Akividu Eligibility Criteria

The car loan eligibility requirements are as follows in Akividu:

Salaried Individual	Age – 21 years to 60 years Net Monthly Income – Minimum ₹ 20,000 Employment Duration – 1-year minimum Income Eligibility – Based on Form 16 and salary slip
Self-Employed Individuals	Age – 21-65 years of age Minimum ITR – Rs.2 lakh Employment Duration – Minimum 3 years Income Eligibility – Depends on the latest Income Tax Returns
Self-Employed Non-Individuals (Company/Partnership)	Minimum ITR – Rs. 2 lakh Employment Duration – 3 years minimum The applicant has to present IT returns and audited financials of 2 years with Calculated Income.
Priority Customers	At least 6-month vintage Average Quarterly Balance – 2 quarters balance at a minimum of Rs.1 lakh Maximum Loan Amount – 3 times the Average Quarterly Balance of the last 2 Quarters

Car Loan Akividu EMI Calculator

Car Loan Akividu Fees & Charges

Charges	New Car Loan	Used Car Loan
Interest Rate	7.35% per annum	11.80% p.a. to 13.80% p.a.
Car loan Processing fees	0.5%	0.5%
Issuance of Duplicate Repayment Schedule Charges	Around Rs.500	Around Rs.500
Foreclosure Charges	0.06	0.06
Penal Interest	2% PM	2% PM
Car loan Part Payment charges	6% of the amount	6% of the amount
Cheque/Instrument Swap Charge	Around Rs.500	Around Rs.500
Documentation Charge	Around Rs. 500	Around Rs. 500
Issuance of Duplicate No Dues Certificate Charges	Around Rs. 500	Around Rs. 500
Registration Certification Collection Charge	Around Rs. 200	Around Rs. 200
Cheque Bounce/Instrument Return Charges	Around Rs. 500	Around Rs. 500
Issuance of Duplicate Statement Charges	Around Rs. 500	Around Rs. 500
Loan Cancellation/Re-booking Charges	Around Rs. 1000	Around Rs. 1000
Issuance of Credit Report	Around Rs. 50	Around Rs. 50

Car Loan Akividu Fees and Charges : Leading Banks – Apr 18 2024

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
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 Akividu Documents Required

Documents required for car loan are as follows:

Salaried Individual

Category	Documents Required
Identity Proof (Any 1)	Passport Voter ID Aadhar Card Driving License
Address Proof (Any 1)	Aadhar Card PAN Driving License Electricity Bill
Date of Birth Proof(Any 1)	Passport Birth Certificate High School Marksheet Driving Licence
Signature Proof(Any 1)	PAN Bankers Verification Passport
Income Proof	Salary Slip and latest Form No.16
Bank Statement	Last 6 month Bank statement
Employment Continuity Proof	Job card by NREGA ITR of Form no. 16 Salary Slip mentioned with joining date Letter of Appointment

Self-Employed Individuals

Category	Documents Required
Identity Proof (Any 1)	PAN Card Passport Voter ID Aadhar Card
Address Proof (Any 1)	PAN Card Voter ID Passport Electricity Bill
Date of Birth Proof (Any 1)	Birth Certificate Passport Driving Licence PAN
Signature Proof (Any 1)	PAN Bankers Verification Passport
Bank Statement	Bank statement of last 6 months
Employment Continuity Proof	Latest ITRs Shop & Establishment Act Certificate Shop & Establishment Act Certificate Sales Tax or VAT Certificate
Business Proof	Registration Certificate Telephone Bill/Electricity Bill Shop & Establishment Act Certificate SSI or MSME Registration Certificate

Self-Employed Non-Individuals:

1. Partnership Firms/Societies

Category	Documents Required
Identity Proof (Any 1)	Driving Licence PAN Card Aadhar Card Passport
Address Proof (Any 1)	Electricity Bill/Telephone Bill Aadhar Card Driving License Voter ID
Income Proof	Audited Balance Sheet P&L Account ITR for the previous 2 years
Bank Statement	Last 6 month
Business Continuity Proof	Company ITR of the last 2 years Audited Balance Sheet TAX registration Certificate Current Account Statement
Additional documents	Letter of Authority or PAN Card

2. Private Limited/Limited Companies

Category	Documents Required
Identity Proof	The latest copy of MOA and AOA Copy of Incorporation
Address Proof (Any 1)	SSI/MSME Registration Certificate Telephone Bill Electricity Bill Shop & Establishment Act Certificate Sales Tax Certificate
Income Proof	Audited Balance Sheet P&L Account and ITR for the previous 2 years
Bank Statement	Previous 6 Months
Business Continuity Proof	P&L account and ITR of the Company of the past 2 years Audited Balance Sheet Shop & Establishment Act Certificate
Additional documents	List of Shareholding partners and Directors Board Resolution PAN Card Certificate of Commencement of Business for Ltd. Co.

How to Get the Best Car Loan Interest Rates in Akividu

Loan applicants often fall into the misconception that lengthier repayment terms are better because the monthly EMI (equated monthly installment) is low. They aren’t aware that lenders view lengthier payback terms as an indication of a borrower’s low repayment capabilities and end up paying higher interest rates. So, if you, as a borrower, want to save money on your car loan, consider a shorter repayment period.
If you want to get a decent deal on an auto loan, you must first thoroughly research and compare the benefits offered by different lenders, which will, in turn, help you figure out which lenders have the most suitable interest rates and, as a result, which lender to choose for your loan.
The debt-to-income ratio measures how much of the applicant’s income goes toward repayment of a previous loan, and lenders take this into account when setting interest rates. If your debt-to-income ratio is low, you have a better chance of getting a car loan approved with a lower interest rate.
Lenders will happily offer you a car loan with cheaper interest rates if you have a good credit history and a credit score of 750 or above. Many lenders may give auto loans to people with bad credit, but they will probably demand a higher interest rate to cover the risk.

How to Apply for a Car Loan in Akividu?

Visit our website www.dialabank.com from your browser.
Now visit the loan section on the page and click on the car loan link available.
The applicant will then be required to fill in all the car loan details where they can choose their preferred city, according to their needs.
You can also get in touch with us at 9878981166.

Which Bank in Akividu Offers the Best Car Loans?

Many large banks and reputed lenders, including HDFC, Private, and SBI, offer vehicle loans in Akividu. The best lender for you is the one that can provide you with the loan amount you need at a reasonable interest rate and can disburse the funds as fast as possible. It is always a good idea to compare vehicle loans from various lenders before applying for one that meets your specific niche of needs.

Car Loan for Major Car Manufacturers in Akividu

TABLE WILL APPEAR

Processing Fees & Prepayment Charges on Car Loan Akividu

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
Prepayment Charges	>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 Akividu

Every major lending institution has its criteria for the minimum CIBIL score required for processing the Car Loan application in Akividu so that they can minimize the risk of lending to you and also, if your CIBIL score is high, you get the loan at comparatively lower interest rates. Most institutions require a minimum CIBIL score of 750 or above to process your loan application.

Car Loan Akividu Contact Number

If you have any queries regarding the car loan in Akividu, feel free to contact us on the number 9878981166 for assistance.

Pre Calculated EMI Table for Car Loan Akividu

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 Akividu

Akividu is a town in the West Godavari district of the Indian state of Andhra Pradesh. As of the 2011 census, it had a population of 24,506 people.

Car Loan Banks in Akividu

ANDHRA BANK	MAIN ROAD,AKIVEEDU,W.G.DIST,AP	ANDB0000005
ANDHRA BANK	AGRAHARAM STREET NEAR SAI BABA TEMPLEAKIVEEDU MANDALWEST GODAVARI DISTRICT534235	ANDB0CG7262
THE ANDHRA PRADESH STATE COOPERATIVE BANK LIMITED	NEAR SBI, AKIVEEDU	APBL0005003
CANARA BANK	NO.1-121 TO 4, SURYA PLAZA, KATHIPUDI, PAMARRU ROAD, AKIVIDU, ANDHRA PRADESH	CNRB0002775
CORPORATION BANK	D.NO. 16-115B, MAIN ROAD,MUSLIM WELFARE ASSOCIATION BUILDING,AKIVIDU – 534 235,W.G. DIST., ANDHRA PRADESH	CORP0001086
HDFC BANK	2 73 BESIDE SUB TREASURY OFFICE MAIN ROAD AKIVIDU AKIVIDU ANDHRA PRADESH534235	HDFC0004333
INDIAN BANK	20-95 P P ROAD UNDIVARI COMPLEX AKIVEEDU 534235	IDIB000A152
KARUR VYSYA BANK	BESIDES DEVELOPMENT CREDIT BANK MAIN ROAD AKIVIDU	KVBL0004849
STATE BANK OF INDIA	DIST WEST GODAVARI, ANDHRA PRADESH 534235	SBIN0001440
STATE BANK OF INDIA	D.NO.8-169,170, SALIPAETA, MADIWADA, AKIVIDU, DIST.WEST GODAVARI, ANDHRA PRADESH-534235	SBIN0018897
SYNDICATE BANK	15 1A, MAIN ROAD, AKIVIDU WEST GODAVARI DIST 534235 ANDHRA PRADESH	SYNB0003630

FAQ’s About Akividu Car Loan

✅ What would happen if I fail to repay the loan on time?

If you keep failing to pay your EMI’s, the bank will take possession of your vehicle and sell it off to cover its losses.

✅ What should the borrower do after paying the last EMI?

Once the loan has been paid, the bank usually issues form 35 and NOC, which the borrower has to submit in the nearest RTO to get the lender’s name removed from the RC.