Car Loan Anantapur

I have read the Privacy Policy & Agree to Terms & Conditions and authorize Dialabank & its partner institutions to Call or SMS me with reference to my application.

Buy your dream Car

Rates as low as 7.35%*
Up to 100% Funding
Doorstep Service
Hassle-free Disbursal
Unbiased Experts Advice

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

Apply for a Car Loan

Car Loan Anantapur Documents Required

For Salaried Individuals:

  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.

For Self Employed Individuals:

  1. Identification Proof: Passport copy, PAN Card, Voters ID card, Driving License
  2. Income Proof: Latest ITR
  3. Address Proof(anyone): Ration card/ Driving license / Voters card / Passport Copy / Telephone Bill / Electricity Bill / Life Insurance Policy /PAN Card
  4. Bank Statement: Last 6 months.

Car Loan Anantapur Eligibility Criteria

For Salaried Applicants

  1. Minimum age: 21 years
  2. Maximum age at loan maturity: 65 years
  3. Minimum employment: 1 year in current employment and a minimum of 2 years of employment
  4. Minimum Annual Income: Rs.100000 net annual income

For Self-Employed Applicants

  1. Minimum age: 21 years
  2. Maximum age at loan maturity: 65 years
  3. Minimum employment: At least 3 years in business
  4. 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

Apply for a Car Loan

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.

Apply for a Car Loan

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.

Apply for a Car Loan

Car Loan EMI Calculator

Other Cities for Car Loan in Andhra Pradesh

Car Loan Tinsukia Car Loan Pathsala
car Loan Tezpur Car Loan Nalbari
Car Loan Silchar Car Loan Nagaon
Car Loan Sibsagar Car Loan Mangaldoi

Menu