Car Loan Kolhapur

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Best Banks for Car Loan in Kolhapur

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 Kolhapur Features

car Loan KolhapurWant to own a car but don’t have enough funds for the same? Worry not! A car loan might just fulfil your funds need. Car Loan is a secured loan with easy repayment options available in the form of EMIs for the applicants in the form of monthly instalments.

The loan amount is offered on Interest rates, which differ from one bank to another bank. You can avail a car loan in Kolhapur for purchasing a new car as well as a used car, as per your needs.  The car loan requirements and criteria vary from one lender to another. So if you are thinking of purchasing your dream car, get an instant Car loan Kolhapur with DialaBank at best offers available across several lenders.

Car Loan Kolhapur 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 Kolhapur Documents Required

  1. Identity Proof in the form of Passport copy, PAN Card, Voters ID card, Driving License or any other identity proof available
  2. Income Proof For Salaried Employees– Latest 3-month salary slip with form 16 / For Self Employed- Latest ITR
  3. Address Proof: Ration card / Voters card / Passport Copy / Telephone Bill / Life Insurance Policy /PAN Card or any address proof
  4. Complete Bank Statements of the applicant for the last 6 months.
  5. ITR filing of the previous 2 years for self-employed people is necessary to be submitted.

Car Loan Kolhapur Eligibility Criteria

Car loan eligibility criteria for the salaried and self-employed applicants for a car loan in Kolhapur vary in the following manner:

  1. Minimum age: 21 years for salaried persons and 30 years for self-employed persons
  2. Maximum age at loan maturity: 60 years for salaried and 65 for self-employed
  3. Minimum employment: For Salaried- 1 year in current organization and a minimum of total 2 years of employment / For Self Employed– a minimum of 3 years in business
  4. Minimum Annual Income: For Salaried Rs 100000 net annual income is necessary / For Self- Employed Net profit Rs. 60000 p.a for standard cars and Rs.100000 p.a. for mid-sized and premium cars are essential.

How to Apply for Car Loan in Kolhapur?

Applying for a car loan in Kolhapur is easy with DialaBank. Just visit our website at dialabank.com and follow the following simple steps to avail the best offers available in the market:

  • Click on the car loan option available in the loan menu of our website.
  • Fill in your personal details as required, like name, location etc. to assist our experts better.
  • Submit the application form and wait for our managers to contact you.
  • You will be contacted by our car loan Relationship manager soon to guide you further through the steps required for the car loan in the city.

You can also avail a car loan in Kolhapur offline by visiting the nearest branch available of banks offering car loans. But that would certainly limit your option to only a particular offer with that specific lender. It would also require you to make multiple visits to the banks or NBFC to get your loan approved and for documentation purposes. Thus, when you think of a car loan in Kolhapur DialaBank is your best agent available.

Processing Fees & Prepayment Charges on Car Loan Kolhapur

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 Kolhapur

CIBIL score is a credit score that describes your creditworthiness of the past payments made of loans. So, it is an important factor to consider while availing or applying for a car loan in Kolhapur. The CIBIL score required for car loans may keep varying from one lender to another and also from time to time depending on their own requirements. Most banks and NBFCs require a CIBIL score of 750 and above to process your car loan application in Kolhapur. In case of a low CIBIL score, you might be required to pay quite a heavy interest rate on the total loan amount because of the low credibility.

Car Loan Kolhapur Contact Number

For any queries regarding the car loan in Kolhapur, you may contact on the number 9878981166.

Pre Calculated EMI Table for Car Loan Kolhapur

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 Kolhapur

Kolhapur is a city situated on the banks of the Panchaganga River, in the west Indian state of Maharashtra. It’s famously known for its temples, like the ancient Mahalakshmi Temple, which is a Hindu pilgrimage site. The Bhavani Mandap is an imposing old palace with a small museum that displays stuffed wild animals. The hilltop of Jyotiba Temple complex lies on the city’s outskirts.

Car Loan EMI Calculator

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