Car Loan Karwar

I have read the Privacy Policy & Agree to Terms & Conditions and authorize Dialabank & its partner institutions to Call or SMS me with reference to my application.

Buy your dream Car

Rates as low as 8.50%*
Up to 100% Funding
Doorstep Service
Hassle-free Disbursal
Unbiased Experts Advice

Major Car Loan Providers in Karwar

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 Karwar FeaturesCar loan Karwar

The car has become an indispensable part of everybody’s’ life. Without it, no one can imagine his life to run smoothly. But buying a car requires a huge amount of financing and it is quite difficult to arrange finance in limited income. Auto Financing is the best way and a beneficiary method to avail cash in a short period of time.

We provide loans on new as well as used cars. We provide loans at an attractive rate of interest of 8% p.a. to both salaried and self-employed individuals.

Features of car loan in Karwar 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 Instalment is worked out for repayment.
  • Early settlement of the pending amount is available subject to the pre-payment penalty.

Car Loan Karwar 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
1%
Nil
Andhra Bank Car Loan
Nil
Nil

 

To check Personal Loan Interest Rate for all major banks you can visit: Car Loan Interest Rates

Apply for a Car Loan

Car Loan Karwar Documents Required

For Salaried Individuals:

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

For Self Employed Individuals:

  1. Identification Proof: Passport copy, PAN Card, Voters ID card, Driving License
  2. Income Proof: Latest ITR
  3. Address Proof(anyone): 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 Karwar Eligibility Criteria

Car Loan Mumbai

You should be at least 21 years of age to apply for a car loan. The maximum age of a person should be 65 years at the time of maturity of the loan.

For Salaried: You should be having a minimum of 2 years of employment and you should be working for at least 1 year in your current employment. The minimum annual salary required is Rs. 100000 as net annual income.

For Self Employed: You should be in the business for at least 3 years. A net profit of at least Rs. 60000 p.a. should be there for standard cars and Rs. 100000 p.a. for mid-sized and premium cars.

Car Loan for Major Car Manufacturers in Karwar

TABLE WILL APPEAR

Apply for a Car Loan

Processing Fees & Prepayment Charges on Car Loan Karwar

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 Karwar

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 rate of interest.

A very low CIBIL score might lead to rejection of your loan as it is the first thing a bank tracks before processing your loan.

Car Loan Karwar Contact Number

For more information on a car loan in Karwar, you can drop us a call at 9878981166.

Apply for a Car Loan

Pre Calculated EMI Table for Car Loan Karwar

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

Car Loan EMI Calculator

About Karwar

Karwar is a district in the state of Karnataka.Karwar banks on the west coast of Southern India at the mouth of the Kali River.Karwar is famous for its Karwar beach, INS Chapal Warship Museum, and Rabindranath Tagore beach.

Apply for a Car Loan

Other Cities For Car Loan In Karnataka

Car Loan Jamkhandi Car Loan Haveri
Car Loan Hunsur Car Loan Hassan
Car Loan Hospet Car Loan Gulbarga
Car Loan Hubli Car Loan Gadag

Menu