Car Loan Davanagere

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Buy your dream Car

Rates as low as 8.50%*
Up to 100% Funding
Doorstep Service
Hassle-free Disbursal
Unbiased Experts Advice

Best Banks for Car Loan in Davanagere

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 Davanagere Features

Car Loan DavanagereIf you wish to make your dream come true of owning a luxurious car but face a financial crisis, then a Car Loan is the right solution for you. Almost all the leading financial institutions provide car loans at a cheap interest rate without much documentation. Other than a brand new car, you can also purchase a pre-owned car or used car using a used car loan that is offered by numerous lending institutions.

A buyer must be aware of this fact that the car they buy through a car loan serves as collateral security for the loan amount borrowed from the bank. The bank can confiscate the car in case you fail to repay the loan amount.

To avoid any hassle and wastage of time, visit DialaBank to get a fast loan disbursal.

Car Loan Davanagere 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 Davanagere Documents Required

  1. Recent passport size photographs-2
  2. Identity Proof: Aadhar Card/ Driving License/ Pan Card/ Passport Copy, etc.
  3. Address Proof: Water Bill/ Voter ID/ Telephone bill/ Passport Copy
  4. Income Proof: Previous 3 months salary slips or Form 16 for a salaried individual and recent tax return files for a self-employed individual

Car Loan Davanagere Eligibility Criteria

  1. The minimum age for a salaried individual is 21 years and 25 years for a self-employed individual
  2. A salaried employee must be working in the current organization for at least a year.
  3. If the applicant is a businessman then their business should yield profit and must be operational from at least the past three years.
  4.  A minimum salary of Rs 25000 per month is a must for a salaried individual

How to Apply for Car Loan in Davanegere?

Want a fast and easy way of applying for a car loan? An online car loan is the best option when it comes to fast loan approval and disbursal.

  1. Visit our website DialaBank.
  2. Under auto loans, tap on Car Loans visible on the homepage
  3. You then need to fill an online application form stating all the personal and professional details.
  4. Provide your current contact number so that our executives can get in touch with you for further assistance.

If you want to avail a car loan through offline mode as well by visiting the nearest branch of the bank and completing all the formalities thereafter. Make sure all the documents provided are accurate.

Processing Fees & Prepayment Charges on Car Loan Davanagere

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 Davanagere

CIBIL score reflects the creditworthiness of an applicant as it shows the behaviour of lending and repayment of the previous loans. It is an essential factor considered by the banks and a minimum score of 750 and above is regarded to be a decent score. The minimum CIBIL score requirement varies bank to bank.

The credit history of any applicant must be free of any pending dues or debts to avoid any inconvenience in applying for a loan. Hence, it is advisable to check your credit score beforehand itself and rectify and correct the dues to ensure a smooth loan approval process.

Car Loan Davanegere Contact Number

To avail instant car loans you can visit our website or call on 9878981166 to get personalized assistance. Our executives are well trained and will assist you in the best way possible in order to provide you with a deal most suited for you.

Pre Calculated EMI Table for Car Loan Davanegere

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 Davanegere

Davanegere is a city in the state of Karnataka. It is a major textile industry hub and is witnessing rapid growth in terms of the overall development.

Special Note: Banks do not provide Car Loans to bad credit holders, but one can fulfill their money requirement with Gold Loan easily.

Car Loan EMI Calculator

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