Car Loan Amaravati

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Rates as low as 8.50%*
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Best Banks for Car Loan in Amaravati

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 Amaravati Features

Car Loan Amaravati

Want to buy a brand new car? Difficulty in collecting money? No need to worry now. Car Loan is the easiest and most convenient way to finance your car at affordable interest rates and the minimum documentation required. Compared to the other loans, the eligibility criteria are also not stringent. If an individual has a stable source of income and required documents, then the banks and NBFCs easily provide car loans without any trouble.

Car Loan Amaravati Interest Rate

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 Amaravati Documents Required

  1. 2 recent passport size photographs
  2. Identity Proof: Aadhar Card/ Driving License/ Passport Copy, etc.
  3. Address Proof: Water Bill/ Telephone bill/ Voter ID/ Passport Copy
  4. Income Proof: Previous 3 months bank statements and salary slips for a salaried individual and recent ITR files for a self-employed individual

Car Loan Amaravati Eligibility Criteria

  1. The age limit for a car loan is between 21 and 65 years
  2. An employed person must have a minimum wage of Rs 25000.
  3. A self-employed person has to have their business run from at least the past three years.
  4. A salaried employee must be employed for at least a year in the current organization.

How to Apply for Car Loan in Amaravati?

Nowadays, it is pretty simple to avail a car loan online as it saves you time as well as physical inconvenience

  1. Visit our website DialaBank to apply for a loan in just a few simple steps
  2. Select Car Loans on the homepage.
  3. Fill an online application form and provide all the necessary details and documents to check for eligibility
  4. Provide your current contact number so that our executives can get in touch with you for further assistance.

If you wish to opt for the offline method, you can do so by physically visiting the nearest branch office of the lender and filling up the application form. Thereafter, the relationship manager will assist you in further procedure.

Processing Fees & Prepayment Charges on Car Loan Amaravati

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 Amaravati

CIBIL score is an significant criterion on the basis of which banks and NBFCs accept any customer’s car loan. For each lending institution, the minimum criteria for a CIBIL score on a car loan is different. A score above 800 is usually considered to be good for any person to be eligible for a car loan.

It is important that one should clear all the pending dues and debts in order to maintain a good credit score. Default in your credit score may hinder your opportunities for availing a fresh loan in the future.

Car Loan Amaravati Contact Number

To get an instant car loan you can visit DialaBank or call on 9878981166 to get personalized assistance. Our relationship managers are well trained and will assist you in the best way possible in order to provide you with a deal most suited for you.

Pre Calculated EMI Table for Car Loan Amaravati

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

You can calculate your EMI here: Car Loan EMI Calculator

About Amaravati

Amaravati is the capital town of the Indian state of Andhra Pradesh. it is located on the banks of river Krishna in Guntur District and the primary city of the state’s Capital location. built on allocated space at the southern banks of Krishna River in Guntur district selected close to the geographical middle of the nation. Amaravati is these days constructed planned metropolis. The city turned into constructed to serve as Andhra Pradesh’s new capital after Telangana became cut up off as a separate state in 2014 and the previous capital, Hyderabad, has become the capital of Telangana.

Special Note: Banks do not provide Car Loans to bad credit holders, but one can fulfill their money requirement with Gold Loan easily.

Car Loan EMI Calculator

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