Car Loan Kottarakkara

Best Banks for Car Loan in Kottarakkara

Car Loan Kottarakkara 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

Long journeys on a bus or any other public transport are sturdy and very uncomfortable. Moreover, people don’t have the liberty to stop at any particular place or do what they want. Whereas a personal car is comfortable and journeys in own car is fun, you can get a private car with the help of Car Loan Kottarakkara.

Car Loan in Kottarakkara

Car Loan Kottarakkara 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 Kottarakkara EMI Calculator

Car Loan Kottarakkara 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 Kottarakkara Fees and Charges: Leading Banks – May 08 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 Kottarakkara 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 Kottarakkara

Car loans in Kottarakkara offered by each lender is different, but they are reasonable.

Choose a shorter repayment for a Car Loan in Kottarakkara – People believe that lengthier repayment terms are better as EMIs for such car loan in Kottarakkara is low. However, they don’t seem aware that lenders in Kottarakkara view lengthier payback terms as an indication of a borrower’s low repayment capabilities, so they charge higher interest in Kottarakkara.
Research and compare offer by different lenders in Kottarakkara – You should explore and compare the benefits offered by different lenders in Kottarakkara. This can help you figure out the lenders in Kottarakkara that provide the best interest rates and which lender in Kottarakkara to choose for a car loan.
Maintain a modest debt-to-income ratio for a Car Loan in Kottarakkara – The debt-to-income ratio in Kottarakkara measures how much of your income goes toward other loan repayments in Kottarakkara. Lenders in Kottarakkara take this into account when setting interest rates. So if your debt-to-income ratio is lower, you can get a car loan in Kottarakkara easily.
Car Loan in Kottarakkara Maintain a good credit score – Lenders in Kottarakkara will be pleased to offer you a car loan with cheaper interest rates if you have a good credit score. Lenders in Kottarakkara consider a credit score of above 750 to be reliable. Many lenders in Kottarakkara may give auto loans to people with bad credit, but they demand a higher interest rate for such car loans in Kottarakkara.

How to Apply for a Car Loan in Kottarakkara?

Availing of a car loan in Kottarakkara is an easy process with Dialabank.

Visit Dialabank.
Click on car loans.
Fill in the details regarding your car and income
Wait, Dialabank’s relationship manager will get in touch.
You may also call 9878981166 for any queries regarding car loans in Kottarakara.

Which Bank in Kottarakkara Offers the Best Car Loans?

Car Loan Kottarakara

Many banks and NBFCs, like Private, SBI and HDFC, offer vehicle loans in Kottarakkara. However, the finest lender in Kottarakkara is one that provides you with a Car Loan Kottarakkara at a reasonable interest rate and can provide the funds as quickly as possible. Therefore, it is always better to compare your vehicle loans from many lenders in Kottarakkara before applying for one that meets all of your needs.

Car Loan for Major Car Manufacturers in Kottarakkara

TABLE WILL APPEAR

Processing Fees / Prepayment Charges on Car Loan Kottarakkara

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 Kottarakkara

The CIBIL score defines your ability to pay off your Car Loan Kottarakkara. A good Credit score means good credit history and makes your car loan Kottarakkara process smooth and easy to be processed. Mostly, banks and NBFCs in Kottarakkara consider a credit score of 750 and above as a reliable score to approve your loan in Kottarakkara.

Car Loan Kottarakkara Contact Number

For queries regarding the car loan in Kottarakkara, you may contact the number 9878981166 for any assistance.

Pre Calculated EMI Table for Car Loan Kottarakkara

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 Kottarakkara

Kottarakkara is a town of Kollam district in state Kerala. The Banks and NBFCs are also willing to process the Car Loans in Kottarakkara as more as possible. So visit dialabank.com and get assistance as soon as possible.

Car Loan Banks in Kottarakkara IFSC

Bank Name	Bank Address	IFSC Code
ANDHRA BANK	ALPHONSA COMMERCIAL COMPLEX, MARKET JUNCTION, PUTHOOR ROAD SIDE, KOTTARAKKARA, QUILON,691506	ANDB0002915
BANK OF BARODA	RAGHAVAN SWAMY MEMORIAL BLDG., Q.S. ROAD, PULAMON P O , KOTTARAKKARA DIST.KOLLAM, 691531, KERALA	BARB0KOTTAR
CANARA BANK	ALPHONSA COMMERCIAL COMPLEX, MARKET JUNCTION, KOTTAKKARA – 691506	CNRB0002681
CANARA BANK	MP 18618, POOJA BUILDING, INCHAKADU MYLOM PO KOTTARAKKARA, KOLLAM PIN 691560	CNRB0005836
CORPORATION BANK	THARAKANS BLDG., PULAMON PO M.C ROAD, KOTTARAKKARA 691531	CORP0000614
CATHOLIC SYRIAN BANK LIMITED	SHEEBA BLDG, PULAMON JUNCTION, KOTTARAKKARA – 691531, KOLLAM DT. KERALA	CSBK0000110
ESAF SMALL FINANCE BANK LIMITED	PADINJATTATHIL COMPLEX, GOVINTHA MANGALAM ROAD, PULAMON JN, KOTTARAKKARA 691531	ESMF0001206
FEDERAL BANK	P B NO. 1 PULAMON P O KOTTARAKKARA	FDRL0001036
FEDERAL BANK	KALPAKA BLDG, RLY STN ROAD, KKA NO X 529 A OF KOTTARAKKARA PANCHAYATH , KOLLAM DISTRICT	FDRL0001884
HDFC BANK	SREE GANESHAM ARCADE, MARKET JUNCTION, DIST KOLLAM, KOTTARAKARA KERALA 691506	HDFC0003527
Private BANK LIMITED	Private BANK LTD., NADAN PLAZA, MARKET JUNCTION, KOTTARAKARRA 691 531	ICIC0000990
INDIAN BANK	VETTIKAVALA ROAD CHENGAMANAD 691557	IDIB000C046
INDIAN BANK	P B NO. 7 KOLLAM SHENCOTTA ROAD KOTTARAKARA KOLLAM DIST.KERALA 686001	IDIB000K075
INDIAN OVERSEAS BANK	VIJAYA ARCADE, PULAMON, KOTTARAKARA, KOLLAM, KERALA 691531	IOBA0003208
STATE BANK OF INDIA	PBNO1, GEETHABHAVAN, MARKETJUNCTION, KOTTARAKKARA 691506 KOTTARAKARA ATSBT COIN	SBIN0070063
STATE BANK OF INDIA	PBNO12, KAZHAPAVABUILDINGS, KPVII117A, KOTTARAKKARA PO 691506 KOTARAKARADB ATSBT COIN	SBIN0070241
SOUTH INDIAN BANK	KOTTARAKARA BRANCH, X12341, QS ROAD, CITY TOWER BUILDING, KOLLAM, KERALA, PIN-691506	SIBL0000105
UCO BANK	NSS KARAYOGAM BUILDING MARKET JUNCTION, OYUR PIN 691506	UCBA0002906
AXIS BANK	COOP URBAN BANK, KOTTARAKKARA, KOLLAM D T, 673631	UTIB0CUBK97