Car Loan Hayatnagar

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Best Banks for Car Loan in Hayatnagar

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 Hayatnagar Features

Purchasing a brand new luxury car is no more an extraordinary task in Hayatnagar. Don’t worry even if you’re running short on cash. All the leading finance institutions provide Car Loans that enable an individual to possess the car of their choice without any chaos. Another product offered by the lenders is the used car loans which make it easier for an individual to buy a preowned or a used car which they might not be able to bear the first-hand cost.

Online car loans are an appropriate and fitting way to finance your car in no time. The eligibility criteria are also not much stringent as compared to other types of loans.

Visit Dialabank and get yours now.

Car Loan Hayatnagar Interest Rate

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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
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

Car Loan Hayatnagar Documents Required

An individual must check the documents required for car loan before deciding.

The essential documents required for car loan in Hayatnagar are as follows:

For Salaried Employee

Proof of identity can include Aadhar Card/ Driving License/ Passport Copy, etc.
Proof of income can include the previous 3 months bank statements and salary slips for a salaried individual
Residential proof can include Water Bill/ Telephone bill/ Voter ID/ Passport Copy
Recent passport size photographs-2 are obligatory

For Self-Employed

Proof of identity such as Aadhar Card/ Driving License/ Passport Copy, etc.
Recent ITR files for a self-employed individual
Residential proof such as Water Bill/ Telephone bill/ Voter ID/ Passport Copy
Recent passport size photographs-2 are mandatory.

Car Loan Hayatnagar Eligibility Criteria

An individual must fulfil the Eligibility criteria for car loan to avail of the loan amount.

Given is the criteria required to take car loan in Hayatnagar:

For Salaried Employee

An applicant should belong to an age group between 21 to 65 years of age
A salaried employee must be working in the current company for a minimum of 1 year.
An employed individual should earn a minimum salary of Rs 25000 every month.

For Self- Employed

An applicant should belong to an age group between 21 to 65 years of age
A Self-employed individual must have their business running from at least the last three years.
Minimum Annual Income before availing of a loan: Net profit Rs. 60000 p.a for standard cars and Rs.100000 per annum for mid-sized and premium cars

Car Loan for Major Manufacturers in Hayatnagar

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TABLE WILL APPEAR

Processing Fees & Prepayment Charges on Car Loan Hayatnagar

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 in Hayatnagar

CIBIL score shows the credit borrow and repayment behavior of a borrower. Thus, the banks have a minimum CIBIL score requirement based on which the loan is approved. Generally, if an individual has a score above 800 then they are eligible for availing a car loan at an on-road price.

One must clear all the pending dues and debts to maintain a good credit score. Default in your credit score may hinder your opportunities for availing a fresh loan in the future.

Car Loan Hayatnagar Contact Number

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To get an instant car loan you can visit our website Dialabank or call on 9878981166 to get the best assistance. Our executives are well trained and will assist you to provide you with a deal most suited for you.

Pre Calculated EMI Table for Car Loan Hayatnagar

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 Hayatnagar

.Hayatnagar is a town in Hyderabad in the Ranaga Reddy district of Indian state Telangana. Telugu and Urdu are the common languages used in Hayatnagar.

It is located in Hayathnagar Mandal of Ibrahimpatnam’s revenue division. The popular Hayat Bakshi Mosque is located in Hayatnagar.

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