Car Loan Huzurabad

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Car Loan Huzurabad

Best Banks for Car Loan in Huzurabad

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 Huzurabad FeaturesCar loan Huzurabad

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

Some of the features of car loan in Huzurabad 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 installment is worked out for repayment.
  • Early settlement of the pending amount is available subject to the pre-payment penalty.

Why Dialabank?

  • We let you sit at the comfort of your home and provide you with the loan without any hassle.
  • We have tie-ups with top Banks and NBFCs of the country to provide you with the best in class service.
  • We offer you the lowest rate of interest in the market.
  • We Charge no money from our customers for the services that we provide.
  • Our team of experts and Relationship managers helps you in every step of the journey to acquire a loan.

Car Loan Huzurabad Interest Rate

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

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Car Loan Huzurabad Documents Required

Documents required for car loan are as followed:

  1. Identity Proof: Passport copy, PAN Card, Voters ID card, Driving License
  2. Income ProofFor Salaried– Latest 3-month salary slip with form 16
  3. Address Proof: 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 Huzurabad Eligibility Criteria

The car loan eligibility requirements are as followed:

Car Loan Mumbai

SALARIED INDIVIDUALS

  • Minimum age: 21 years
  • Maximum age at loan maturity: 65 years
  • Minimum employment: 1 year in current employment and a minimum of 2 years of employment.
  • Least Annual Income: Rs 100000 net yearly pay.

SELF-EMPLOYED INDIVIDUALS

  • Minimum age: 30 years
  • Maximum age at loan maturity: 65 years
  • Minimum employment: At least 2 years in business
  • Minimum Annual Income: Net profit Rs. 60,000 Per Annum for standard cars and Rs.1,00,000 Per Annum for mid-sized and premium cars

How to Apply for Car Loan in Huzurabad?

Applying for a car loan with Dialabank is an easy process. Follow the steps to apply for a car loan:

  1. Visit our website dialabank
  2. Click on the auto loan option and select the car loan option on the menu.
  3. Fill out the form with the necessary details of your loan requirements.
  4. Wait for our team of experts to reach to get in touch with you.
  5. You can also visit the nearest branch or call on 9878981166.

Apply for a Car Loan

Car Loan for Major Car Manufacturers in Huzurabad 

TABLE WILL APPEAR

Processing Fees & Prepayment Charges on Car Loan Huzurabad

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 in Huzurabad

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

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Car Loan Huzurabad Contact Number

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

Pre Calculated EMI Table for Car Loan Huzurabad

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 Huzurabad

Huzurabad is a town in Huzurabad mandal of Karimnagar locale of the Indian province of Telangana. It is a region in the area.

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Car Loan EMI Calculator

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