Major Car Loan Providers in Kasibugga
| Feature | HDFC Bank | Private Bank |
Kotak Mahindra Bank
|
| Interest Rate (p.a.) | 7.35 % - 7.95 % | 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 Kasibugga Features
In the present scenario, a car has become a necessity rather than a luxury, so much that we almost cannot imagine our life without a car. Budget constraints deter us from buying one for ourselves. A car loan can bring your dreams to reality, and you too can have a car of your own.
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. 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.
Features of car loan in Kasibugga are:
- Easy monthly repayment options
- Instantly available
- Loan Tenure period varies from 1-7 years
- Affordable interest Rates
- No hidden charges
- Quick approval with minimum documentation to acquire a loan.
Car Loan Kasibugga Interest Rate
Apply for a Car Loan| 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
Car Loan Kasibugga Documents Required
A person should review the documents required for car loan before making a decision.
For Salaried Employees
- ID Proof: Aadhar Card/ Driving License/ Pan Card/ Passport Copy, etc.
- Proof of Address: Water Bill/ Voter ID/ Telephone bill/ Passport Copy
- Income Proof: Previous 3 months salary slips or Form 16 for a salaried individual
- Recent passport size photographs-2 of the applicant
For Self Employed
- ID Proof: Aadhar Card/ Driving License/ Pan Card/ Passport Copy, etc.
- Proof of Address: Water Bill/ Voter ID/ Telephone bill/ Passport Copy
- Income Proof: recent tax return files for a such individual
- Recent passport size photographs-2 of the applicant
Car Loan Kasibugga Eligibility Criteria
If a person fulfils the Eligibility criteria for car loan, then he can get the amount efficiently.
For Salaried Employee
- Minimum age: 21 years
- Maximum age at loan maturity: 65 years
- Minimum employment: For Salaried- 1 year in current employment and a minimum of 2 years of employment experience with documented proof
- Minimum Annual Income: Rs 100000 net annual income is a must.
For Self Employed
- Minimum age: 21 years
- Maximum age at loan maturity: 65 years
- Minimum employment: at least 3 years in the current business
- Minimum Annual Income: Net profit Rs. 60000 p.a for standard cars and Rs.100000 p.a. for mid-sized and premium cars
Car Loan for Major Car Manufacturers in Kasibugga
Apply for a Car Loan TABLE WILL APPEARProcessing Fees & Prepayment Charges on Car Loan Kasibugga
| 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 Kasibugga
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 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 Kasibugga Contact Number
Apply for a Car LoanFor more information regarding the car loan, drop us a call at 9878981166
For further assistance, you can also visit us at Dialabank
Pre Calculated EMI Table for Car Loan Kasibugga
| 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 Kasibugga
Kasibugga is a town of Palasa in Srikakulam district of the Indian state of Andhra Pradesh. It is a municipality and the part in the Mandal of Palasa. Kasibugga has population of over 57,000.
Special Note: Banks do not provide Car Loans to bad credit holders, but one can fulfill their money requirement with Gold Loan easily.
