Car Loan Kayamkulam

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Car Loan Kayamkulam

Best Banks for Car Loan in Kayamkulam

Private Bank
Kotak Mahindra Bank
Interest Rate
8% - 8.4 %
8.5 - 9.5 %
Min Loan Amt
Metro : 1 Lac & Non Metro: 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
Loan to Value (LTV)
Upto 100% on Ex- showroom
Upto 95% on Ex- showroom
Upto 90% on Ex- showroom

Car Loan Kayamkulam Features

car loan kayamkulamNowadays 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.

We provide car loans starting at an attractive rate of interest to both self-employed as well as salaried customers. We provide car loan on new and used cars.

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

  • Easy monthly repayment options are convenient for you.
  • Instantly car loan available
  • Loan Tenure period varies from 1-7 years
  • There is a provision of affordable interest Rates offers to fulfill your wishes.
  • There are no hidden or additional charges for guidance about the car loan.

Car Loan Kayamkulam 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 Kayamkulam Documents Required

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

For Salaried Individuals:

  1. Proof of Recognition: Passport copy, PAN Card, Voters ID card, Driving License
  2. Proof of Salary: Latest 3-month salary slip with form 16
  3. Accommodation 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. Passport copy, PAN Card, Voters ID card, Driving License: For Recognition Proof
  2. Latest ITR: For income proof
  3. Ration card/ Driving license / Voters card / Passport Copy / Telephone Bill / Electricity Bill / Life Insurance Policy /PAN Card: For Address Proof
  4. Last 6 months bank statement

Car Loan Kayamkulam Eligibility Criteria

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

For Salaried Applicants

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

For Self-Employed Applicants

  1. Minimum age: 21 years
  2. Maximum age at loan maturity: 65 years
  3. Minimum employment: At least 3 years in business
  4. 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 Kayamkulam


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Processing Fees / Prepayment Charges on Car Loan in Kayamkulam

Category Details
Processing Charges
1999 - 4999 + Tax
No prepayment is allowed until 12 EMIs are paid
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 Kayamkulam

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

A very low CIBIL score can lead to disapproval of your loan as it is the first thing a bank tracks before processing of your car loan. Your record of previous loans is taken into consideration for a Car Loan Kayamkulam. If there are any delayed payments for previous loans, it will act as a hurdle for the availing of a new loan.

Car Loan Kayamkulam Agent Contact Number

You can avail of a car loan Kayamkulam easily from Dialabank if you have any queries related to the car loan just contacting the number 9878981166. Dialabank will assist you without any charges.

Pre Calculated EMI Table for Car Loan Kayamkulam

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 Kayamkulam

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About Kayamkulam

Kayamkulam is a municipal town in Alappuzha district of Kerala state, India. Situated on the western coast of India, it was an ancient maritime trading center. Rajiv Gandhi Combined Cycle Power Plant which is one of the largest thermal power plants in Kerala situated in Kayamkulam. Many old cashews factories can be seen in the locality.

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