Car Loan Kayamkulam

Car Loan Kayamkulam

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Best Banks for Car Loan in Kayamkulam

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 Kayamkulam 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.

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:

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 Kayamkulam 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 Kayamkulam

TABLE WILL APPEAR

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Processing Fees / Prepayment Charges on Car Loan in Kayamkulam

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 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.