Car Loan Hayatnagar

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Car Loan Hayatnagar

Best Banks for Car Loan in Hayatnagar

Kotak Mahindra Bank
Interest Rate (p.a.)
7.35 - 7.95%
8.5 - 9.5 %
Min Loan Amt
Metro : 1 Lac & Non Metro: 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
Loan to Value (LTV)
Upto 100% on Ex- showroom
Upto 95% on Ex- showroom
Upto 90% on Ex- showroom

Car Loan Hayatnagar Features

Car Loan HayatnagarPurchasing 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
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 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

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

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

For Self-Employed

  1. Proof of identity such as Aadhar Card/ Driving License/ Passport Copy, etc.
  2.  Recent ITR files for a self-employed individual
  3. Residential proof such as Water Bill/ Telephone bill/ Voter ID/ Passport Copy
  4. 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

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

For Self- Employed

  1. An applicant should belong to an age group between 21 to 65 years of age
  2. A Self-employed individual must have their business running from at least the last three years.
  3. 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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Processing Fees & Prepayment Charges on Car Loan Hayatnagar 

Category Details
Processing Charges
1999 - 4999 + Tax
No prepayment is allowed until 12 EMIs are paid
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 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.

Car Loan EMI Calculator

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