Car Loan Anantapur

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Rates as low as 8.50%*
Up to 100% Funding
Doorstep Service
Hassle-free Disbursal
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Best Banks for Car Loan in Anantapur

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 Anantapur Features

Car Loan anantapurWith 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
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 Anantapur Documents Required

  1. Submit relevant ID Proof such as Aadhar Card/ Driving License/ Passport Copy, etc.
  2. 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
  3. Proof of residence such as Water Bill/ Voter ID/ Telephone bill/ Passport Copy
  4. 2 recent passport size photographs

Car Loan Anantapur Eligibility Criteria

  1. The age limit for a car loan is 21 to 65 years for salaried applicant and 25-60 years for the self-employed applicant
  2. It is essential that a salaried employee is working in the current organization for at least a year.
  3.  An employed individual must have a minimum monthly salary of Rs 25000.
  4. A Self-employed individual must have their business running from at least the last three years.

How to Apply for Car Loan in Anantapur?

Adopt the online method for applying for a car loan in just a few simple steps. It’s a time-saving process and a simple procedure as well.

  1. Visit our website DialaBank to get the best deal in the market.
  2. Click on Car Loans under the auto loans section on the homepage.
  3. Fill an online application form and provide all the personal and professional details.
  4. Thereafter our relationship manager will correspond with you on the contact number given by you

In case one wishes to apply for a loan offline, they can do so. It requires the borrower to physically visit the nearest branch office of the bank and complete all the formalities.

Processing Fees & Prepayment Charges on Car Loan Anantapur

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 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 Serampore

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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