Car Loan Kavali

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Best Banks for Car Loan in Kavali

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 Kavali Features

car loan kavaliA car loan is a financial help offered by different banks and NBFCs to buy a car. The banks provide the necessary funding for purchasing a vehicle which can be on Ex-Showroom price or the On-Road price of the car. They offered the lowest interest rates and minimum document process.

Click here for SBI car loan

Car Loan Kavali Interest Rate

Car loan interest rates change every time, again and again, so it’s important to monitor them. Your loan’s interest rate impacts the amount you’re going to pay for the month to month. Furthermore, a lower interest rate can mean a huge number of rupees in savings. Our rate table can assist you in realizing the best ideal opportunity to purchase a vehicle.

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

Car Loan Kavali Documents Required

Following are the documents required for car loan Raiganj:

  • Identity Proof: Aadhar Card, Passport copy, Voters ID card, PAN Card, Driving License.
  • Income Proof: For Salaried Latest salary slip with form 16 / For Self- Employed Latest ITR copy.
  • Address Proof: Aadhar Card, Ration card, Driving license, Voters Card, Passport Copy, Electricity Bill, Life Insurance Policy, PAN Card.
  • Bank Statement: Copy of active bank statement for the last 6 months.

Car Loan Kavali Eligibility Criteria

Salaried:

  • Firstly, the minimum age of the applicant should be not less than 21 years.
  • Further, the maximum age should be 65 for loan maturity.
  • Minimum employment: At least 1 year in current employment and a minimum of 2 years of employment.
  • Minimum Annual Income: It should be Rs 1,00,000 net annual income.
  • Also, the contact number is required.

Self Employed:

  • Firstly, the minimum age of the applicant should be 30 years or above.
  • The maximum age should be 60 at loan maturity.
  • In this, minimum employment should be at least 2 years in business
  • Furthermore, the minimum annual income should be Rs. 60000 p.a for standard cars and Rs.100000 p.a. for a mid-sized and premium cars.

Partnership Firms :

  • First, the minimum income should be Rs. 60000 p.a for standard cars and Rs.100000 p.a. for mid-sized and premium cars.
  • Likewise, the minimum turnover should be not less than Rs. 4.5 lakh.

Private Limited Company:

  • Minimum Income should be Rs. 60000 p.a for standard cars and Rs.100000 pa for mid-sized and premium cars
  • Minimum turnover should not be less than Rs 4.5 lakh.

How to Apply for Car Loan in Kavali?

  • Firstly visit DialaBank
  • Click on the car loan option displaying on the website.
  • After that, fill all the required details on site and apply for a car loan.
  • Also, mention your contact information.

Processing Fees & Prepayment Charges on Car Loan Kavali

check here for the processing Fees and Prepayment charges on a car loan.

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 Kavali

CIBIL score plays a key role while getting the loan. if your Cibil score is between 750-900. then you will get the quick loan approvals. if the Cibil score is less than 700 then your application will be pending. so, check your Cibil score before you apply for the loan. if you pay your EMIs in time then your Cibil score will be increased.

Click here for ICICI car loan

Car Loan Kavali Contact Number

For instant help and any more queries, you can call 9878981166.

Pre Calculated EMI Table for Car Loan Kavali

check here of Pre calculated EMI table for a car loan.

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 Kavali

Kavali is a city in the Nellore district in Andhra Pradesh, India. If you want to take Car Loan Kavali, visit our website and get the loan on a low rate of interest.

Car Loan EMI Calculator

Repaying the loans in EMIs will not affect our monthly budget. as well as paying in time will increases our Cibil score.

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