Car Loan Gudivada

Best Banks for Car Loan in Gudivada

Car Loan Gudivada Features

A car loan is a financial help provided by banks and NBFC’s to fulfil your dream of having your car. They provide necessary funding for purchasing a car which can be on Ex-Showroom Price or On-Road Price.

Car Loan is a secured loan with easy repayment options. The loan amount is offered on Interest charges which vary from bank to bank. One can pay for the vehicle in easy instalments.

Car Loan Gudivada Interest Rates

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

Car Loan Gudivada Documents Required

Documents required for car loan are as followed:

For Salaried Individuals:

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

For Self Employed Individuals:

1. Identification Proof: Passport copy, PAN Card, Voters ID card, Driving License
2. Income Proof: Latest ITR
3. Address Proof(anyone): Ration card/ Driving license / Voters card / Passport Copy / Telephone Bill / Electricity Bill / Life Insurance Policy /PAN Card
4. Bank Statement: Last 6 months.

Car Loan Gudivada Eligibility Criteria

The car loan eligibility requirements are as followed:

For Salaried Applicants

1. Minimum age: 21 years
2. Maximum age at loan maturity: 65 years
3. Minimum employment: 1 year in current employment and a minimum of 2 years of employment
4. Minimum Annual Income: Rs.100000 net annual income

For Self-Employed Applicants

1. Minimum age: 21 years
2. Maximum age at loan maturity: 65 years
3. Minimum employment: At least 3 years in business
4. 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 Gudivada

Processing Fees / Prepayment Charges on Car Loan Gudivada

CIBIL Score Required for Car Loan in Gudivada

Every lending institution has its criteria for the minimum CIBIL score required for processing the Car Loan application in Gudivada so that they can minimize the risk of lending to you. Most institutions require a minimum score of CIBIL of 750 or above to process your loan application. Also having a good CIBIL score helps to loans at a cheaper rate of interest.

Any delayed payments for previous loans can act as a barrier to your availing a fresh loan. These institutions don’t just look at the overall score but also the detailed behaviour on the previous loans taken. This includes details on the type of loan taken and the amount borrowed.

Car Loan Gudivada Contact Number

You can get a car loan Gudivada easily from Dialabank by contacting 9878981166 or Dialabank.

Pre Calculated EMI Table for Car Loan Gudivada

Car Loan EMI Calculator Gudivada

About Gudivada

Gudivada is a town in the Krishna district of Andhra Pradesh. It is a municipality and the headquarters of the Gudivada Mandal in the Gudivada revenue division. It is one of the cities in the state to be a part of the Andhra Pradesh Capital Region.

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