Car Loan Khammam

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Buy your dream Car

Rates as low as 8.50%*
Up to 100% Funding
Doorstep Service
Hassle-free Disbursal
Unbiased Experts Advice

Best Banks for Car Loan in Khammam

Feature
HDFC Bank
ICICI 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 Khammam Features

Car Loan KhammamA car loan is financial support provided by banks and NBFC’s to fulfill your dream of having your own vehicle. They provide necessary funding for purchasing the best car which can be on Ex-Showroom Price or On-Road Price of your selected car. Car Loan is a secured loan with easy repayment options as per your affordability

The loan amount may be approved after checking your credit history, you must have a good CIBIL score to avail the best offer on loans. The car loan amount is offered on Interest charges which may not be the same for each bank. One can pay for the vehicle in easy and affordable monthly installments.

This loan is a way to get your dream car in your hands, the loan may be provided with best offers.

Car Loan Khammam Interest Rate

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
1%
Nil
Andhra Bank Car Loan
Nil
Nil

 

To check Personal Loan Interest Rate for all major banks you can visit: Car Loan Interest Rates

Car Loan Khammam Documents Required

Apply for a Car Loan

The following documents must be provided for a loan application instant approval:

For salaried:

  • Income Proof:  Last 3-month salary slip with form 16 / For Self Employed- Latest filled ITR
  • Address Proof: Telephone Bill/ Driving license / Electricity Bill/Voters card / Passport Copy / Electricity Bill / Life Insurance Policy /
  • Identity Proof: Driving License, Voters ID card, PAN Card, Passport copy
  • Bank Statement: Recent 6 months.

For self-employed:

  • Income Proof: Latest filled ITR
  • Address Proof: Telephone Bill/ Driving license / Electricity Bill/Voters card / Passport Copy / Electricity Bill / Life Insurance Policy /
  • Identity Proof: Driving License, Voters ID card, PAN Card, Passport copy
  • Bank Statement: Recent 6 months.

Car Loan Khammam Eligibility Criteria

Applicant must check the eligibility criteria points before applying for a Car loan;

For salaried:

  • Minimum Annual Income: Rs 100000 net annual income
  • Maximum age at loan maturity: maximum 65 years
  • Minimum employment: For Salaried- 1 year in current employment and a minimum of 2 years of employment / For Self Employed- at least 3 years in normal working business
  • Minimum age: at least 21 years

For self-employed:

  • Minimum Annual Income Net profit sixty thousand rupees p.a for standard model cars and One lakh Rupees p.a. for mid-sized and premium and Sedan or SUV cars
  • Maximum age at loan maturity: maximum 65 years
  • Minimum employment: For Salaried- 1 year in current employment and a minimum of 2 years of employment / For Self Employed- at least 3 years in normal working business
  • Minimum age: at least 21 years

Car Loan for Major Car Manufacturers in Khammam

TABLE WILL APPEAR

Processing Fees & Prepayment Charges on Car Loan Khammam

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

CIBIL Score Required for Car Loan in Khammam

Apply for a Car Loan

A credit score plays an important key role in deciding the approval of a loan. The CIBIL score provides a clear picture of credit history and any outstanding dues unpaid against the individual. The credit history is necessary to disburse or approve the loan amount after checking the eligible credit score. Normally, CIBIL scores 750 or above considered as best by many leading car loan banks.

So you must have an eligible CIBIL score and valid documents to get loan approval for your dream car.

Car Loan Khammam Contact Number

Apply online with Dialabank and avail the best and suitable offers on a car loan with instant approval and extra benefits. or you can have a call on this number 9878981166

Our customer relationship manager provides you the guidance and assistance to solve your queries.

Pre Calculated EMI Table for Car Loan Khammam

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

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