Car Loan Kotkapura

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Buy your dream Car

Rates as low as 8.50%*
Up to 100% Funding
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Best Banks for Car Loan in Kotkapura

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 Kotkapura Features

A car is a dream for every person; everyone wants that their family can go places altogether under a single roof without the hassle of dust, sunlight, rain, etc. An overall car is a safe option for traveling with proper comfort and many facilities, so everyone wants to own a car.

But owning a car isn’t that simple as it doesn’t come in a few pennies. A standard Hatchback car can cost you a minimum of 5 lacks, and it is not possible for everyone to manage this big amount altogether.

But here we make owning your car simple by the help of Car Loan where just by fulfilling a few processes you can have your dream cat at your home.

Car Loan Kotkapura 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 Kotkapura Documents Required

Apply for a Car Loan

For salaried:

  • Proofs like Aadhar card, Pan Card, or passport copy is required.
  • Income Proof: Latest 3-month salary slip with form 16 is required
  • Ration card / Passport Copy / Telephone Bill / Electricity Bill / Life Insurance Policy is required to apply for the loan.
  • Bank statement of the last 6 months.

For self-employed:

  • Proofs like Aadhar card, Pan Card, or passport copy is required.
  • Income Proof: Latest Income tax returns required
  • Ration card / Passport Copy / Telephone Bill / Electricity Bill / Life Insurance Policy is required to apply for the loan.
  • Bank statement of the last 6 months.

Car Loan Kotkapura Eligibility Criteria

For salaried:

  •  The minimum age car loan eligibility to apply for the loan is 21 years.
  • The maximum age of the applicant to apply for the loan maturity is 65 years.
  • 1 year in current employment and also a minimum of 2 years of employment must be for the salaried applicant.
  • The annual income should get more than Rs.3lakhs and also for the standard cars, the applicant should get more than 3 lakhs of income.

For self-employed:

  •  The minimum age car loan eligibility to apply for the loan is 21 years.
  • The maximum age of the applicant to apply for the loan maturity is 65 years.
  • The applicant should have at least 3 years in business. so that the applications will get approval quickly and also the applicant should submit income tax return(ITR) files.
  • The net annual income should be more than 4lakhs also for the standard cars, the applicant should have more than 3lakhs of income.

Car Loan for Major Car Manufacturers in Kotkapura

TABLE WILL APPEAR

Processing Fees & Prepayment Charges on Car Loan Kotkapura

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 Kotkapura

Apply for a Car Loan

CIBIL score plays a key role while getting the loan. If your CIBIL score is between 750-900. You will get quick loan approvals. If the CIBIL score is less than 700 then your application will be pending. Make sure you check your CIBIL score before you apply for the loan. If you pay your EMIs in time then your CIBIL score will be increased. If you do not repay your EMI your Cibil score will be reduced. The applicant has to pay monthly EMIs according to there schedule of the bank.

Car Loan Kotkapura Contact Number

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

Pre Calculated EMI Table for Car Loan Kotkapura

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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