Car Loan Kozhikode

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Buy your dream Car

Rates as low as 7.35%*
Up to 100% Funding
Doorstep Service
Hassle-free Disbursal
Unbiased Experts Advice

Best Banks for Car Loan in Kozhikode

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 Kozhikode Features

Car Loan kozhikodeIf you wish to make your dream come true of riding a luxurious car of your own but face a monetary issue, then a Car Loan is the right solution for you. Almost all the major financial institutions provide car loans at a reasonable rate of interest without much paperwork. Moreover, you can also purchase a pre-owned car or used car using a used car loan that is offered by numerous lending institutions.

To avoid any hassle and wastage of time, visit DialaBank to get a fast loan disbursal.

Car Loan Kozhikode 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 Kozhikode Documents Required

  1. Income Proof: Previous 3 months salary slips or Form 16 for a salaried individual and recent tax return files for a self-employed individual
  2. Identity Proof: Driving License/ Aadhar Card/ Passport Copy/ Voter ID
  3. Address Proof: Voter ID/ Water Bill/ Telephone Bill
  4. Recent passport size photographs-2

Car Loan Kozhikode Eligibility Criteria

  1. The age limit for a salaried individual is 21 years to 65 years and 25 years to 65 years for a self-employed individual
  2. A salaried employee must be working in the current organization for at least a year.
  3. In case the individual is a businessman then, their business must be operational from at least the past three years.
  4. Minimum Rs 25000 monthly salary is a must for a salaried individual

How to Apply for Car Loan in Kozhikode?

To apply for a car loan without wasting any time and minimal documentation, follow the steps given below:

  1. Visit our website DialaBank.
  2. Go to auto loans and select Car Loans on the homepage.
  3. You must fill an online application form stating all the personal and professional details.
  4. Provide your current contact details so that our executives can get in touch with you for further assistance.

To avail car loan through offline mode, visit the nearest branch office of the lending institution providing the service. After reaching there you are required to fill an application form, and thereafter you will be guided by the executives.

Processing Fees & Prepayment Charges on Car Loan Kozhikode 

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 Kozhikode

Banks and NBFCs regard CIBIL score as in important criteria before approving for a car loan. The creditworthiness of any individual is reflected by their CIBIL score. The minimum CIBIL score requirement for a car loan varies from bank to bank. Generally, a score above 800 is considered to be decent making them eligible for a car loan.

The credit history of any borrower must be free of any pending dues or debts to avoid any inconvenience in applying for a loan. Hence, it is advisable to check your credit score beforehand itself and rectify and correct the dues to ensure a smooth loan approval process.

Car Loan Kozhikode Contact Number

To avail instant car loans you can visit our website or call on 9878981166 to get personalized assistance. Our executives are well trained and will assist you in the best way possible in order to provide you with a deal most suited for you.

Pre Calculated EMI Table for Car Loan Kozhikode

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

You can calculate your EMI here: Car Loan EMI Calculator

About Kozhikode

Earlier known as Calicut, Kozhikode is an important city in the state of Kerala. The place is rich with tourism with visitors coming in all around the years to visit the numerous lakes, beaches, and natural landscapes. It is an important route for trade of spices, silk, cotton and also was one of the most essential paths in the history for the Jews, Arabian and Portuguese travelers.

Special Note: Banks do not provide Car Loans to bad credit holders, but one can fulfill their money requirement with Gold Loan easily.

Car Loan EMI Calculator

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