Car Loan Kechery

Best Banks for Car Loan in Kechery

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.

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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

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

Car Loan Kechery Fees and Charges: Leading Banks – Apr 27 2024

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 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.

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.

Which Bank in Kechery Offers the Best Car Loans?

Car loans are available in Kechery from various lenders, including HDFC, Private, 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

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
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 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.

Car Loan Kechery Contact Number

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

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

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.

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.