Car Loan Kechery

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Car Loan Kechery

Best Banks for Car Loan in Kechery


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Car Loan Kechery Features

Loan Approval in 30 Minutes
Lowest Rate of Interest
Up to 100% on Road Loan
Minimum Documentation
Paperless Process
Flexible Repayment
Zero Foreclosure
24 x 7 Online Payment Facility
No Hidden Charges

If you’re looking for a car loan in Kechery, this article will assist you in selecting the best bank and plan for your needs. You can weigh the pros and cons of various loans and make an informed decision. Dialabank representatives can ease your burden even further by assisting you in making an informed selection.

Car Loan Adhewada

 


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Car Loan Kechery Eligibility Criteria

Salaried Individual
Age – 21 years to 60 years
Net Monthly Income – Minimum ₹ 20,000
Employment Duration – 1-year minimum
Income Eligibility – Based on Form 16 and salary slip
Self-Employed Individuals
Age – 21-65 years of age
Minimum ITR – Rs.2 lakh
Employment Duration – Minimum 3 years
Income Eligibility – Depends on the latest Income Tax Returns
Self-Employed Non-Individuals (Company/Partnership)
Minimum ITR – Rs. 2 lakh
Employment Duration – 3 years minimum
The applicant has to present IT returns and audited financials of 2 years with Calculated Income.
Priority Customers
At least 6-month vintage
Average Quarterly Balance – 2 quarters balance at a minimum of Rs.1 lakh
Maximum Loan Amount – 3 times the Average Quarterly Balance of the last 2 Quarters


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Car Loan Kechery EMI Calculator

Car Loan Kechery Fees & Charges

Charges New Car Loan Used Car Loan
Interest Rate

7.35% per annum

11.80% p.a. to 13.80% p.a.
Car loan Processing fees 0.5% 0.5%
Issuance of Duplicate Repayment Schedule Charges Around Rs.500 Around Rs.500
Foreclosure Charges 0.06 0.06
Penal Interest 2% PM 2% PM
Car loan Part Payment charges 6% of the amount 6% of the amount
Cheque/Instrument Swap Charge Around Rs.500 Around Rs.500
Documentation Charge Around Rs. 500 Around Rs. 500
Issuance of Duplicate No Dues Certificate Charges Around Rs. 500 Around Rs. 500
Registration Certification Collection Charge Around Rs. 200 Around Rs. 200
Cheque Bounce/Instrument Return Charges Around Rs. 500 Around Rs. 500
Issuance of Duplicate Statement Charges Around Rs. 500 Around Rs. 500
Loan Cancellation/Re-booking Charges Around Rs. 1000 Around Rs. 1000
Issuance of Credit Report Around Rs. 50 Around Rs. 50


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Car Loan Kechery Fees and Charges: Leading Banks – May 20 2022

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 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 Kechery Documents Required

Salaried Individual

Category
Documents Required
Identity Proof (Any 1) Passport
Voter ID
Aadhar Card
Driving License
Address Proof (Any 1) Aadhar Card
PAN
Driving License
Electricity Bill
Date of Birth Proof(Any 1)
Passport
Birth Certificate
High School Marksheet
Driving Licence
Signature Proof(Any 1)
PAN
Bankers Verification
Passport
Income Proof
Salary Slip and latest Form No.16
Bank Statement
Last 6 month Bank statement
Employment Continuity Proof
Job card by NREGA
ITR of Form no. 16
Salary Slip mentioned with joining date
Letter of Appointment

 

Self-Employed Individuals

Category
Documents Required
Identity Proof (Any 1) PAN Card
Passport
Voter ID
Aadhar Card
Address Proof (Any 1) PAN Card
Voter ID
Passport
Electricity Bill
Date of Birth Proof (Any 1) Birth Certificate
Passport
Driving Licence
PAN
Signature Proof (Any 1)
PAN
Bankers Verification
Passport
Bank Statement
Bank statement of last 6 months
Employment Continuity Proof
Latest ITRs
Shop & Establishment Act Certificate
Shop & Establishment Act Certificate
Sales Tax or VAT Certificate
Business Proof
Registration Certificate
Telephone Bill/Electricity Bill
Shop & Establishment Act Certificate
SSI or MSME Registration Certificate

 

Self-Employed Non-Individuals:

1. Partnership Firms/Societies

Category
Documents Required
Identity Proof (Any 1) Driving Licence
PAN Card
Aadhar Card
Passport
Address Proof (Any 1)
Electricity Bill/Telephone Bill
Aadhar Card
Driving License
Voter ID
Income Proof
Audited Balance Sheet
P&L Account
ITR for the previous 2 years
Bank Statement Last 6 month
Business Continuity Proof
Company ITR of the last 2 years
Audited Balance Sheet
TAX registration Certificate
Current Account Statement
Additional documents
Letter of Authority or PAN Card

 

2. Private Limited/Limited Companies

Category
Documents Required
Identity Proof
The latest copy of MOA and AOA
Copy of Incorporation
Address Proof (Any 1)
SSI/MSME Registration Certificate
Telephone Bill
Electricity Bill
Shop & Establishment Act Certificate
Sales Tax Certificate
Income Proof
Audited Balance Sheet
P&L Account and ITR for the previous 2 years
Bank Statement Previous 6 Months
Business Continuity Proof
P&L account and
ITR of the Company of the past 2 years
Audited Balance Sheet
Shop & Establishment Act Certificate
Additional documents
List of Shareholding partners and Directors
Board Resolution
PAN Card
Certificate of Commencement of Business for Ltd. Co.


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How to Get the Best Car Loan Interest Rates in Kechery

Follow the steps below to find the best car loan with the lowest interest rates in Kechery: –

  • Choose a shorter repayment term – Car loan applicants often perceive long-term repayment terms as better because they can pay off the loan slowly in small instalments. However, they are unaware that lenders view longer repayment terms as indicating a borrower’s low repayment capabilities and thus charge higher interest rates. As a result, a shorter-term should be considered if borrowers wish to save money on their auto loan.
  • Research and compare the perks offered by different lenders – If a borrower wants a good deal on a car loan, he must first investigate and compare the perks provided by various lenders.
  • Maintain a modest debt-to-income ratio –When calculating interest rates, lenders consider the borrower’s debt-to-income ratio. As a result, borrowers with a low debt-to-income ratio have a greater chance of securing a car loan with a lower interest rate.
  • Maintain a good credit score — If you have a strong credit score, banks and NBFCs will gladly provide you with a car loan with lower interest rates. A credit score of 750 or higher is considered healthy by them.

How to Apply for a Car Loan in Kechery?

  • Visit Dialabank website.
  • Select the nearest location from the loan section.
  • Begin by filling out the form and providing the relevant information.
  • You will receive a call from one of our professionals within minutes.
  • You can get answers to all of your questions and concerns.


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Which Bank in Kechery Offers the Best Car Loans?

Car loans are available in Kechery from various lenders, including HDFC, ICICI, and SBI. The most acceptable bank or non-bank financial institution (NBFI) can give you the loan amount you require at a reasonable interest rate and disburse the funds as quickly as feasible. Therefore, before applying for a vehicle loan that fits all of your criteria, such as interest rates, it is usually a good idea to compare vehicle loans from various lenders.

Car Loan for Major Car Manufacturers in Kechery

TABLE WILL APPEAR


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Processing Fees & Prepayment Charges on Car Loan Kechery

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


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CIBIL Score Required for Car Loan in Kechery

The lender will know who you are if you apply for a loan. They can determine how you will repay the loan just by looking at your credit score. If you have a strong credit score, you will be approved quickly and acquire loans right away. Your credit score will improve if you pay back the loan on time automatically. Before applying for a loan, check your credit score.


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Car Loan Kechery Contact Number

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


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Pre Calculated EMI Table for Car Loan Kechery

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


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About Kechery

Kechery is a town in Kerala’s Thrissur district. Thrissur is 16 kilometres away, while Kunnamkulam is 7 kilometres away. Guruvayur temple, a primary Hindu pilgrimage site, is 11 kilometres away. Kechery is a place with a rich cultural and historical legacy. There is a kaleidoscope of diverse cultures, religions, and lineages to be found. Kechery is located on the banks of the Kechery Puzha River, which bears the same name as the village.


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Car Loan Banks in Kechery

Bank Bank Address IFSC
CATHOLIC SYRIAN BANK LIMITED KALLINGAL BUILDING, PANNITHADAM ROAD, CHIRANELLUR, PATTIKARA, THRISSUR DIST 680501 CSBK0000442
HDFC BANK 1ST FLOOR, AYSHA COMPLEX, KECHERY-THRISSUR, KERALA. 680501 HDFC0001537
INDIAN OVERSEAS BANK 14 BY 255 A, SANKARA COMPLEX, GURUVAYOOR ROAD, KECHERI PIN 680501 IOBA0000219
INDIAN OVERSEAS BANK VAST CAMPUS,KURUMAL,THALLAKOTTAKARA,KECHERI,THRISSUR IOBA0002403
SOUTH INDIAN BANK KECHERI BRANCH, REGENT SHOPPING COMPLEX,(1ST FLOOR), MAIN ROAD, THRISSUR, KERALA, PIN-680501 SIBL0000320

FAQ’s About Kechery Car Loan

✅ What kinds of cars can I buy with a car loan?

Automobile loans can be used to purchase a wide range of passenger vehicles, including SUVs, sedans, hatchbacks, and other models. You can also get a car loan to purchase a vehicle for business use.

✅ Will my car modifications be financed by the banks as well?

No, banks will only lend money for the car’s base trim level.

✅ What are my choices for repaying my auto loan?

Three choices for repaying your auto loans are Standing Instruction, Electronic Clearing Service, and Post-Dated Cheques.