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Car Loan Kadiri

Best Banks for Car Loan in Kadiri

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 Kadiri Features

Being in a city like Kadiri you will require a vehicle for transportation yet bound pay doesn’t permit a normal individual to purchase his vehicle in Kadiri. A Car Loan is an advantageous choice that permits an individual to purchase a vehicle. Get the best financing with a lower advance cost and inconvenience free cognizance to satisfy your fantasy with the assistance of dial-a-bank.

Vehicle credits in Kadiri regularly offer a fixed pace of intrigue decisions. It construes that you have guaranteed a fixed entire that should be paid month to month. Vehicle moves are not proposed for basically new vehicles yet additionally for used vehicles. Before long Apply for a Car Loan at Dialabank.

Car Loan Kadiri 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 Kadiri Documents Required

Documents required for car loan are as followed:

  1. You will need a Proof of Identity like a Passport copy, PAN Card, Voters ID card, Driving License
  2. You must show the Proof of Income  for Salaried applicant is the Latest 3-month salary slip with form 16 and for Self Employed is the Latest Income Tax Returns (ITR)
  3. You need to show  the Proof of Address like Ration card / Driving license / Voters card / Passport Copy / Telephone Bill / Electricity Bill / Life Insurance Policy /PAN Card
  4. Lastly, you will need 6 months of Bank Statement

Car Loan Kadiri Eligibility Criteria

The car loan eligibility requirements are as followed:

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 Kadiri?

Apply for a Car Loan Now

  1. Visit us at dialabank
  2. Go to the loan section and click on the auto loan link.
  3. Fill out the form with details and submit the form.
  4. We will contact you in a short period of time.
  5. For further information please contact 9878981166.

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Car Loan for Major Car Manufacturers in Kadiri

TABLE WILL APPEAR

Processing Fees & Prepayment Charges on Car Loan Kadiri

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 Kadiri

CIBIL is a credit information company, You can check your CIBIL Score report to verify your standing in terms of credit score. A score of 750 or more can get you a low-interest rate. However, the interest rate for a score of 650 to 750 will be slightly higher which may provide a high-interest rate. If you have defaulted in your CIBIL report, or have a very low score, your application may be rejected.

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Car Loan Kadiri Contact Number

Customers can contact us at  9878981166 to get exclusive car loan deals right from your home or can apply

Pre Calculated EMI Table for Car Loan Kadiri

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 Kadiri

Kadiri is a town in the Anantapur locale of the Indian province of Andhra Pradesh. It is a region, mandal base camp, and furthermore the income divisional central command Kadiri.

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Car Loan EMI Calculator

All About Car Loan Kadiri

Got tired of traveling by two-wheeler and now need to have  four wheeler? If you don’t have time to visit different banks and compare different banks interest rate, documentation, etc. We will provide you all the information in minimal time and will clear all your doubts in no time. Apply with Dialabank and get the best services.

Eligibility for Car Loan Kadiri

Self Employed:

1. Firstly, the applicant should have filed an ITR of Rs. 2.5 lakhs for the past 3 years.
2. Further, the age of the applicant should be above 30.
3. If the applicant’s age is not 30, then the applicant can have a co-applicant whose age needs to be more than 25.
4. Lastly, the individual must have been in business for more than 2 years.
Salaried
1. Firstly, the salary of the applicant needs to be more than Rs. 18,000 per month.
2. Next, the age of the applicant should be more than 21.
3. Lastly, the applicant should be working for 6 months with the current employer.

Eligibility for different individuals

Private Employees:
If the salary of the individual is more than Rs. 25,000 per month, then the loan, is given on 100% ex-showroom price.
Government Employees:
If the government employee has his own house and has a good CIBIL Cibil score than the loan is given on 100 % on road price.
Internal Customer:
1oo% on road loan is given if the customer is from HDFC, Kotak, Yes Bank or Axis bank.

Interest rate and other charges

The interest rate charged by the banks are:

1. Firstly, the interest rate charged on amount 1-3 lakhs is 10.26%.
2. Then, For the amount of 3-10 lakhs, the interest rate charged will be 10%.
3. Further, the interest rate of 9.25% will be charged by the bank on the amount of loan from 10-20 lakhs.
4. Lastly, a 9.75% interest rate is charged on the amount above 20 lakhs.

Foreclosure charges:

If the customer closes his loan before the 2 years, then the foreclosure charged by the bank is 4%.
There will be no Foreclosure charge if the applicant pays the loan after 3 years.

Benefits of Car Loan Kadiri

1. Firstly, Banks offer car loan for 5-7 years, so the applicant can choose the time for which he wants to avail the loan.
2. Next, the interest rate can be negotiated in case of car loan if the customer has a good credit score and is a good customer for the bank.
3. Moreover, the customer does not need to keep any collateral with the bank. The car of the applicant is itself security for which the bank is lending the loan to the customer. In case the customer does not make the payment of the loan, the bank can seize the vehicle of the customer.
4.The customer can choose the type of interest rate, which can be floating or fixed.
5. Furthermore, the procedure for claiming the car loan is very easy and simplifies.
6. Lastly, the customer can modify the car according to his wish and use the car without any hesitation.

Documentations for Car Loan Kadiri

These are the documents required for Car Loan
Following documents are needed in case the customer has their own house
Salaried
Id Proof: Pan Card, Aadhar Card, Voter Id Card
Income Proof: 3 months service slip
Address Proof: Electricity Bill, Telephone Bill / Aadhar Card
Bank Statement:6 months bank statement
Car quotation
Self Employed
Id Proof: Pan Card, Aadhar Card, Voter Id Card
Income Proof: 3 months service slip, 2 years ITR ( which must be of Rs. 2.5 lakhs or more per year)
Address Proof: Electricity Bill, Telephone Bill / Aadhar Card
Bank Statement: 6 months bank statement
Business Composition
Following documents are required in case the customer has rented house
Salaried
All other documents are same, you just need to have an additional rent agreement .
Self Employed
All other documents are same, the customer just needs to have a rent agreement as an additional document.

Additional information for Car Loan Kadiri

Car Loan Kadiri

1. Firstly, the CIBIL of the applicant needs to be more than 700.
2. Further, the loan is given for a time period of 60 months to 84 months.
3. Next, the minimum amount of loan that can be claimed by the applicant is Rs. 1 lakh.
4. In addition to this, the top-up amount is twice the paid loan amount.
5. Car Loan is not given to constables.
6. The persons having CIBIL 0, 1, -1 are good customers.
7. Lastly, If the installment got bounced, then the bouncing amount charged by the bank will be doubled for the respective month.

Car Loan for the agriculturist

1. The applicant needs to have 3-5 acres of land for the loan amount of Rs. 1-10 lakhs and the interest rate charged on this loan is 65%- 75%
2. If the applicant has a land of more than 20 acres, then he can avail a loan of 10 lakh, and above and the interest rate charged by the bank will depend on the income of the customer and the ITR filed by him.

Loan on the name of Company

The following companies take the car loan
1.    Listed Companies
2.    Non-Listed Companies
3.    Public Sector
4.    Society
The documents of the following persons are required for car loan against a company:
1.    Non listed: Proof of the director or any partner
2.    Listed: Documents of the director
3.    Public Sector: Documents of Karta
4.    Society/ Trust: Documents of the trustee

Criteria for a used car:

1. Additional document needed for a used car are RC of the car and the insurance of the car.
2. Insurance Value funding is 85%.
3. The interest rate charged by the bank is 14%.
Note: Rented customers are not given used car loan.

How to Apply for Car Loan Kadiri?

First, you need to visit our official site DialaBank.
After that, apply for a Car Loan online.
Enter your contact number so that we can contact you back.
DialaBank is the best platform to apply for a car loan as you will get a loan at affordable rates of interest.

About Kadiri

Kadiri is a town located in the district Anantapur of the Indian state Andhra Pradesh.For more information on Car Loan, you can visit our official website.

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