Car Loan Gannavaram

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.

Best Banks for Car Loan in Gannavaram

Feature	HDFC Bank	Private Bank	Kotak Mahindra Bank
Interest Rate (p.a.)	7.35% - 7.95 %	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 Gannavaram Features

The car is a commodity that protects you from bad weather and even takes you on the ride to your favourite place. All these benefits pursue a person to buy the car at any cost. A car loan is the most viable loan option available to fulfil this dream. It is a secured loan and offers flexible loan terms and conditions with minimum documents required. To fulfil your requirement of availing car loan at affordable interest rates, contact us at Diala bank, and we will help you in arranging the necessary financial resources to buy the old or new car at a low rate of interest.

Some of the features of car loan are:

Up to 90-95% of the funding available for new cars
Up to 80-85% of the funding available for used cars
The loan period is usually between 1 to 7 years.
The interest rate is calculated on the basis of compound interest.
Equated Monthly Instalment is worked out for repayment.
Early settlement of the pending amount is available, subject to the pre-payment penalty.

Car Loan Gannavaram 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
Private 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	0.01	Nil
Andhra Bank Car Loan	Nil	Nil

To check Car Loan Interest Rate for all major banks you can visit: Car Loan Interest Rates

Apply for a Car Loan

Car Loan Gannavaram Documents Required

Documents required for car loan are as followed:

For Salaried Individuals

Identity Proof: Passport copy, PAN Card, Voters ID card, Driving License
Income Proof: – Latest 3-month salary slip with form 16
Residence Proof: Any one of the following (Ration card / Driving license / Voters card / Passport Copy / Telephone Bill / Electricity Bill)
Bank Statement: Last 6 months.

For Self Employed

Identity Proof: Passport copy, PAN Card, Voters ID card, Driving License
Income Proof: – Latest ITR reports.
Residence Proof: Any one of the following (Ration card / Driving license / Voters card / Passport Copy / Telephone Bill / Electricity Bill)
Bank Statement: Last 6 months.

Car Loan Gannavaram Eligibility Criteria

It is important to fulfil the following car loan eligibility as follows:

For Salaried Applicants

Minimum age: 21 years
Maximum age at loan maturity: 65 years
Minimum employment Required: Minimum of 1 year in current employment and at least 2 years of total employment
Annual Income: A minimum of Rs 100000 per annum.

For Self Employed Applicants

Minimum age: 21 years
Maximum age at loan maturity: 65 years
Minimum employment: a minimum of 3 years in business is required.
Minimum Annual Income: at least Rs. 60000 p.a net profit for standard cars and approx. Rs.100000 p.a. for mid-sized and premium car loans.

Car Loan for Major Car Manufacturers in Gannavaram

TABLE WILL APPEAR

Apply for a Car Loan

Processing Fees & Prepayment Charges on Car Loan in Gannavaram

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
Prepayment Charges	>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 Gannavaram

CIBIL score tells about your credit history in the past as well as your defaults in repayment of your previous loans. A credit score of 750 and above is considered as good as most of the financial institutions prefer a high credit score. Every NBFC and bank has different criteria for a minimum CIBIL score they need to process your loan application. A CIBIL score lower than 750 can attract a higher interest rate.

A very low CIBIL score can lead to rejection of your loan application as it is the first thing a bank tracks before processing your loan.

Car Loan Gannavaram Contact Number

To avail a car loan or for any kind of support, give us a call on 9878981166

Apply for a Car Loan

Pre Calculated EMI Table for Car Loan Gannavaram

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