Car Loan Kanhangad

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Best Banks for Car Loan in Kanhangad

Feature	HDFC Bank	Private 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 Kanhangad Features

Nowadays everyone wishes to own a car to make life easier. But not everyone has the required financial situation. Are you coping with this trouble? Don’t worry. We Dialabank financial services help consumers to compare, analyze, and select the best loans possible. Getting a car loan is not as difficult, nowadays having a car is a normal thing, and this process is made simple by Dialabank by bringing you the best car loan deals online at a single platform for you to compare, analyze and apply for a car loan online without any worry about them. You can get a Car Loan Kanhangad at the earliest and with a very satisfying service that you will not forget.

Some key features of car loan in Kanhangad are the following:

Easy monthly refund options are available for you.
Instantly car loan available
Loan Tenure duration varies from 1-7 years
There is a provision of an affordable interest rate provides to fulfill your desires.
There are no hidden or additional charges

Car Loan Kanhangad Interest Rates

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

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Car Loan Kanhangad Documents Required

A person should review the documents required for car loan before making a decision.

For Salaried Individuals:

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

For Self Employed Individuals:

Passport copy, PAN Card, Voters ID card, Driving License: For Recognition Proof
Latest ITR: For income proof
Ration card/ Driving license / Voters card / Passport Copy / Telephone Bill / Electricity Bill / Life Insurance Policy /PAN Card: For Address Proof
Last 6 months bank statement

Car Loan Kanhangad Eligibility Criteria

To obtain the loan amount, a person must meet the Eligibility criteria for car loan.

For Salaried Applicants

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

For Self-Employed Applicants

Minimum age: 21 years
Maximum age at loan maturity: 65 years
Minimum employment: At least 3 years in business
Minimum Annual Income: Rs. 60000 per annum profit for standard cars and Rs.100000 per annum for mid-sized and premium cars

Car Loan for Major Car Manufacturers in Kanhangad

TABLE WILL APPEAR

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Processing Fees / Prepayment Charges on Car Loan in Kanhangad

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 Kanhangad

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

A very low CIBIL score can lead to disapproval of your loan as it is the first thing a bank tracks before processing your loan. Your record of previous loans is taken into consideration for a Car Loan Kanhangad. If there are any late payments for previous loans, it will create a barrier for the availing of a fresh loan.

Car Loan Kanhangad Agent Contact Number

You can avail of a car loan Kanhangad easily from Dialabank if you have any queries related to the car loan just contacting the number 9878981166.

Pre Calculated EMI Table for Car Loan Kanhangad

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