Car Loan Choutuppal

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Best Banks for Car Loan in Choutuppal

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 Choutuppal Features

car loan choutuppal

In today’s world, everyone has a dream of owning a personal vehicle, but a common man’s limited income usually doesn’t allow it, and this is where loans help you. Loans are offered at attractive interest rates, as well as affordable EMIs. Loans vary according to the model and type of car you wish to purchase, so make sure you choose the bank which serves your purpose accurately. You can also get access to features such as:

  • Car loans in Choutuppal are offered by almost all major banks and NBFCs in the city.
  • The documentation process is quick, efficient and hassle-free
  • Dialabank helps you get the best offers and is with you at every step, making the process way easier for you.

Car Loan Choutuppal 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 Choutuppal Documents Required

The main documents required to get a car loan approved in Choutuppal are as follows:

  1. Identity Proof: Documents such as your Passport copy, PAN Card, Voters ID card, Driving License will be required.
  2. Income Proof: For Salaried the latest 3-month salary slip with form 16 will be required, while for Self-Employed the latest ITR will be required.
  3. Address Proof: Ration card / Driving license / Voters card / Passport Copy / Telephone Bill / Electricity Bill / Life Insurance Policy /PAN Card
  4. Bank Statement: from the last 6 months will be required.

Car Loan Choutuppal Eligibility Criteria

The car loan eligibility requirements are as followed in Choutuppal:

  1. The Minimum age requirement is 21 years
  2. The Maximum age at loan maturity should be 65 years
  3. The Minimum employment term for a Salaried employee is 1 year in current employment and a minimum of 2 years of total employment, while for Self Employed is at least 3 years in business
  4. The Minimum Annual Income for a Salaried employee is Rs 100000 net annual income, while for a Self- Employed, the net profit is Rs. 60000 p.a for standard cars and Rs.100000 p.a. for mid-sized and premium cars

How to Apply for Car Loan in Choutuppal?

car loan choutuppal

For a car loan Choutuppal with DialaBank, pay a visit to our website and click on the car loan page. You will be redirected to a page wherein you will have to fill all your details, personal as well as professional. Our team of experts will soon give you a call on our registered number and guide you on the procedure.

This gives you a great advantage over the others as our website saves you from the hassle of visiting the banks and NBFCs personally, which turns extremely hectic and tiresome. So we’re your best agent!

Processing Fees & Prepayment Charges on Car Loan Choutuppal

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

Get a car loan from AXIS bank

Get a car loan from SBI

CIBIL Score Required for Car Loan in Choutuppal

The CIBIL score is referred to as your credibility and shows how responsible you are when it comes to loan repayments. It is not a mere feature of your procedure but is a factor which majorly determines whether you will get an approval or not. Usually, a CIBIL score of 750 and above makes your car loan process easier. A score lower than that will charge you higher interest rates.

Car Loan Choutuppal Contact Number

Dial-up at 9878981166 to contact us for more information to get the best advice!

Pre Calculated EMI Table for Car Loan Choutuppal

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

About Choutuppal

Choutuppal is located in the state of Telangana. Its top tourist destinations include the Rachakonda Fort, the Bhongir Fort, the Maha Shivudu Vigraham, the Latif Saheb Hill and many more. Its population is around 20000.

Car Loan EMI Calculator

Get a car loan from HDFC bank

Get a car loan from Kotak Mahindra bank

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