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.
Car Loan Kechery Eligibility Criteria
Salaried Individual
Net Monthly Income – Minimum ₹ 20,000
Employment Duration – 1-year minimum
Income Eligibility – Based on Form 16 and salary slip
Self-Employed Individuals
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)
Employment Duration – 3 years minimum
The applicant has to present IT returns and audited financials of 2 years with Calculated Income.
Priority Customers
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
7.35% per annum
Charges
New Car Loan
Used Car Loan
Interest Rate
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 – Mar 28 2023
Bank
Processing Fee
HDFC Bank Car Loan
(1999 - 4999) + Tax
Axis Bank Car Loan
1 % to 2.50%
Nil
Private Bank Car Loan
0.25% to 1.50%
SBI Car Loan
500/- to 0.50%
Nil
Kotak Car Loan
1% to 2%
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
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)
Birth Certificate
High School Marksheet
Driving Licence
Signature Proof(Any 1)
Bankers Verification
Passport
Income Proof
Bank Statement
Employment Continuity Proof
ITR of Form no. 16
Salary Slip mentioned with joining date
Letter of Appointment
Self-Employed Individuals
Category
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)
Bankers Verification
Passport
Bank Statement
Employment Continuity Proof
Shop & Establishment Act Certificate
Shop & Establishment Act Certificate
Sales Tax or VAT Certificate
Business Proof
Telephone Bill/Electricity Bill
Shop & Establishment Act Certificate
SSI or MSME Registration Certificate
Self-Employed Non-Individuals:
1. Partnership Firms/Societies
Category
Identity Proof (Any 1)
Driving Licence
PAN Card
Aadhar Card
Passport
Address Proof (Any 1)
Aadhar Card
Driving License
Voter ID
Income Proof
P&L Account
ITR for the previous 2 years
Bank Statement
Last 6 month
Business Continuity Proof
Audited Balance Sheet
TAX registration Certificate
Current Account Statement
Additional documents
2. Private Limited/Limited Companies
Category
Identity Proof
Copy of Incorporation
Address Proof (Any 1)
Telephone Bill
Electricity Bill
Shop & Establishment Act Certificate
Sales Tax Certificate
Income Proof
P&L Account and ITR for the previous 2 years
Bank Statement
Previous 6 Months
Business Continuity Proof
ITR of the Company of the past 2 years
Audited Balance Sheet
Shop & Establishment Act Certificate
Additional documents
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
Prepayment
Preclosure
Stamp Duty
Cheque Bounce Chgs
Floating Rate of Interest
Not Applicable
Overdue EMI Interest
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.
✅ 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.