Car Loan Chikmagalur

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Best Banks for Car Loan in Chikmagalur

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 Chikmagalur Features

car loan chikmagalur

Thinking of purchasing a new car? But don’t have the required funds for it? Do not worry! A car loan is here for you. A car loan is a means of funding or financial help provided by banks and NBFCs to the applicants at an affordable rate of interest to aid them in buying a car, whether new or used. 

Since cars have become a necessity for everyone, a car loan comes into play and fulfils your desire to be the owner of your dream car. A car loan may be a suggests that of funding or monetary facilitate provided by banks and NBFCs to the candidates at an inexpensive rate of interest to help them in shopping for an automotive, whether or unused or used. The main features of a car loan in Chikmagalur are:

  • Car loans are available at low-interest rates, which may vary from bank to bank so make sure you compare and choose wisely.
  • Almost all major banks and NBFCs offer car loans in Chikmagalur in your vicinity
  • The documentation process is quick and hassle-free
  • Car loans are easily available through DialaBank

Car Loan Chikmagalur Interest Rates

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

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Car Loan Chikmagalur Documents Required

For Salaried Individuals:

  • Proof of Identification: Passport copy, PAN Card, Voters ID card, Driving License
  • Income Proof: Latest 3-month salary slip with form 16
  • Residence Proof: Ration card / Driving license / Voters card / Passport Copy / Telephone Bill / Electricity Bill / Life Insurance Policy /PAN Card
  • Bank Statement: Last 6 months.

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 Chikmagalur Eligibility Criteria

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. 60000 per annum for standard cars and Rs.100000 per annum for mid-sized and premium cars

Car Loan for Major Car Manufacturers in Chikmagalur

TABLE WILL APPEAR Apply for a Car Loan

Processing Fees / Prepayment Charges on Car Loan Chikmagalur

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 Chikmagalur

A CIBIL score clarifies your credit history and on the opposite hand, your defaults within the compensation of your antecedently availed loans. A good credit score is taken into account as 750 and higher than that as most of the financial organisations which enkindle a high credit score. Moreover, every bank takes into thought totally different criteria for a minimum CIBIL score they need to process your application.

A low CIBIL score than 750 will charge you the next rate of interest, whereas, terribly low CIBIL score will result in rejection of your loan because it is that the very first thing a bank tracks before process your loan. So, certify you have got a possible CIBIL score just in case you’re going to avail a recent loan!

Car Loan Chikmagalur Agent Contact Number

In case of any queries regarding the car loan in Chikmagalur, you may call us on the number 9878981166 or visit Dialabank for trustworthy assistance!

Pre Calculated EMI Table for Car Loan Chikmagalur

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

Car Loan EMI Calculator Chikmagalur

About Chikmagalur

Chikmagalur, known as Chikkamagaluru, is a city and the headquarters of Karnataka, India. The city attracts tourists from around the state for its pleasant and favourable hill station climate, tropical rainforest and coffee estates. The place is connected well to the other parts of the state via roads.  Located on the foothills of the Mullayanagiri peak of the Western Ghats, this place witnesses a total population of 1,18,401, out of which 58,702 are males and 59,699 are females. 

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Other Cities For Car Loan In Karnataka

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