Best Banks for Car Loan in Anantapur
Car Loan Anantapur Features
With a variety of cars available today in the market, one is spoilt for choices when it comes to buying a car and we generally choose a car that may cause a dent to our savings. If you do not want your savings to get affected, finance your car with the help of a car loan.
Car Loans are secured loans that are provided by almost all the leading banks and NBFCs in our country. They are such a popular option due to its flexible repayment structure, affordable interest rate, and fast disbursal. Generally, the car you purchase serves as the collateral security and the lender can confiscate it if you fail to repay the loan amount.
Car Loan Anantapur 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 Anantapur Documents Required
Documents required for car loan are as followed:
For Salaried Individuals:
- Submit relevant ID Proof such as Aadhar Card/ Driving License/ Passport Copy, etc.
- To show the proof of your income submit previous 3 months bank statements and salary slips for a salaried individual and recent ITR files for a self-employed individual
- Proof of residence such as Water Bill/ Voter ID/ Telephone bill/ Passport Copy
- 2 recent passport size photographs.
For Self Employed Individuals:
- Identification Proof: Passport copy, PAN Card, Voters ID card, Driving License
- Income Proof: Latest ITR
- Address Proof(anyone): Ration card/ Driving license / Voters card / Passport Copy / Telephone Bill / Electricity Bill / Life Insurance Policy /PAN Card
- Bank Statement: Last 6 months.
Car Loan Anantapur Eligibility Criteria
The car loan eligibility requirements are as followed in Anantapur:
For Salaried Applicants
- Minimum age: 21 years
- Maximum age at loan maturity: 65 years
- Minimum employment: 1 year in current employment and a minimum of 2 years of employment
- Minimum Annual Income: Rs.100000 net annual income
For Self-Employed Applicants
- Minimum age: 21 years
- Maximum age at loan maturity: 65 years
- Minimum employment: At least 3 years in business
- Minimum Annual Income: Net profit Rs.100000 per annum for mid-sized and premium cars Rs. 60000 per annum for standard cars.
Car Loan for Major Car Manufacturers in Anantapur
TABLE WILL APPEAR
Processing Fees & Prepayment Charges on Car Loan Anantapur
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 Anantapur
CIBIL score is an important factor based on which the banks and NBFCs approve a car loan to any customer. The minimum requirement of a credit score for a car loan differs from bank to bank. Generally, a score above 750 is considered to be decent for any individual to be eligible to apply for a car loan.
An individual should make sure that all the pending dues and debts are cleared off before they apply for a new loan. Default in your credit score may hinder your opportunities for availing a fresh loan in the future.
Car Loan Anantapur Contact Number
To get an instant car loan you can visit our website or call on 9878981166 to get free assistance. Our executives are well trained and will assist you in the best way possible to provide you with a deal most suited for you.
Pre Calculated EMI Table for Car Loan Anantapur
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 Anantapur
Anantapur is a city situated in the state of Andhra Pradesh. The place is widely known for the purest quality of silk that is found here and also serves as the silk trade route. The granite and cement production industry are also huge here.
Special Note: Banks do not provide Car Loans to individuals with bad credit history, but one can fulfill their money requirement with Gold Loan easily.
Car Loan EMI Calculator
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