Car Loan Davanagere

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Best banks for Car loans 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 Davanagere

Any plans to enjoy a new vehicle?

Searching for Car loans near yourself?

Don’t delay to take a car loan, if you can afford it. Since it is a secured loan, you can receive it from any of the banks with Dialabank. In-car loans, they give a needed amount of money for buying a car which can be on Ex-Showroom price or On-Road price. Also, it can easily be returned.

What are some of the Car Loan Davanagere features?

Car Loan Davanagere gives financial aid at the best affordable interest rates to secure the car of your preference. You can easily return these car loans through equated monthly installments (EMI).

Furthermore, the interest rates will always differ from one bank to a different bank.

Car Loan Davanagere Interest Rates

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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

For Salaried Individuals:

  1. Identity Proof: Passport copy, PAN Card, or Driving License, Electoral Photo ID card can be served as proof of Identity.
  2. Income Proof: The last quarter or last two quarter’s salary receipt with Income Tax Return.
  3. Residence Proof: Driving License, Electoral Photo ID Card, PAN Card, and Life Insurance Policy are supported address proofs.
  4. A Bank Statement of the last 6 months/ half-year is necessary.

For Self-Employed Individuals

  1. Identity Proof: Passport copy, PAN Card, or Driving License, Electoral Photo ID card can be served as proof of Identity.
  2. Income Proof: Income Tax Return.
  3. Residence Proof: Driving License, Electoral Photo ID Card, PAN Card, and Life Insurance Policy are supported address proofs.
  4. A Bank Statement of the last 6 months/ half-year is necessary.

Car Loan Davanagere Eligibility Criteria

For Salaried candidates:

  1. The minimum age requires to be 21 years.
  2. On loan maturity, the maximum age needs to be 65 years.
  3. The claimant should have 1 year of experience in the current job, and a minimum of two years of experience.
  4. 1 lac Indian rupees is the minimum income required for eligibility.

For Self-Employed Candidates:

  1. The minimum age requires to be 21 years.
  2. On loan maturity, the maximum age needs to be 65 years.
  3. The claimant’s business should be operational for at least 3 years.
  4. The net profit of the applicant needed is Rs 60000 per annum for generally standard cars and Rs 100000 per annum for mid-sized premium cars

How to Apply for Car Loan in Davanagere?

Apply for a Car Loan

Applying for a car loan by Dialabank is an easier process. Follow the given below steps to apply for a car loan:

  1. Go to Dialabank on your web browser or phone.
  2. Click on the auto loan section and choose the car loan choice on the menu.
  3. Fill out the form with the required personal details for your loan requirements.
  4. Wait for us to connect with you via phone.
  5. You can also connect with the nearest Dialabank branch or call on 9878981166.

Car Loan for major car manufacturers in Davanagere

TABLE WILL APPEAR

Processing Fees/Prepayment Charges on Car Loan in 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 Davanagere

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A CIBIl score lower than 750 means higher interest rate for the loan borrower. So, one needs to have a good CIBIL score that is more than 750. Also, the banks and finance corporation holds different criteria for minimum CIBIL scores and they also keep a note on your previous loans and their repayments. Summarizing everything, please try to maintain a CIBIL score higher than 750 by paying off your debts.

Car Loan Davanagere Contact Number

To avail the best car loans in Davanagere, Contact on 9878981166

Pre Calculated EMI Table for Car Loan Davanagere

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 Davanagere

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In the southern Indian state of Karnataka, Davangere is a city in the center of the state. It is also the seventh-largest city in the state and the administrative headquarters of eponymous Davangere District.

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 Davanagere

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