Car Loan Kuthuparamba

Best Banks for Car Loan in Kuthuparamba

Car Loan Kuthuparamba 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

Car Loan Kuthuparamba 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 Kuthuparamba EMI Calculator

Car Loan Kuthuparamba 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 Kuthuparamba Fees and Charges: Leading Banks – Apr 26 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 Kuthuparamba 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 Kuthuparamba

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

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

How to Apply for a Car Loan in Kuthuparamba?

You can go to our website and directly apply online at www.dialabank.com

Which Bank in Kuthuparamba Offers the Best Car Loans?

Many banks and NBFCs, like Private, SBI and HDFC, offer vehicle loans in Kuthuparamba. However, the finest lender in Kuthuparamba is one that provides you with a Car Loan Kuthuparamba 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 Kuthuparamba before applying for one that meets all your needs.

Car Loan for Major Car Manufacturers in Kuthuparamba

TABLE WILL APPEAR

Processing Fees / Prepayment Charges on Car Loan Kuthuparamba

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 Kuthuparamba

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

Car Loan Kuthuparamba Contact Number

For Car Loan Kuthuparamba queries, you can call 9878981166.

Pre Calculated EMI Table for Car Loan Kuthuparamba

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 Kuthuparamba

Kuthuparamba is a town as well as a municipality in the state of Kerela, India.

Car Loan Banks in Kuthuparamba

Bank Name	Bank Address	IFSC Code
CANARA BANK	CANARA BANK, XVII742 D, OPPRELIANCE PETROL PUMP, KOOTHUPARAMBA – 670643, DISTKANNUR (KERALA)	CNRB0003157
FEDERAL BANK	E J TOWER, KANNUR ROAD KANNUR DIST	FDRL0001653
IDBI BANK	KUTHUPARAMBA-670 643	IBKL0340K20
IDBI BANK	KUTHUPARAMBA – 670 643	IBKL0340K25
Private BANK LIMITED	Private BANK LTD, FIRST FLOOR, MALABAR PLAZA, KANNUR ROAD, KOOTHUPARAMBA BRANCH	ICIC0001758
STATE BANK OF INDIA	T C ROAD, DISTT. CANNUR, KERALA 670 643	SBIN0002228
STATE BANK OF INDIA	GROUNDFLOOR, SHANKARTOWERS, TCROAD, KUTHUPARAMBA PO 670643 THOKKILANGADI ATSBT COIN	SBIN0070842
SOUTH INDIAN BANK	DONO4-758, BALRAM ARCADE, THALASSERY ROAD, KUTHUPARAMBA PO, KANNUR, KERALA-670643	SIBL0000449
AXIS BANK	FIVESRA PLAZA KANNUR ROAD KUTHUPARAMBA	UTIB0003378

FAQ’s About Kuthuparamba Car Loan

✅ What is the Car Loan Kuthuparamba?

A car loan is the loan amount given to people of Kuthuparamba by the Bank for a new or used automobile.

✅ How can I get a Car Loan in Kuthuparamba?

Visit Dialabank and fill a form.
Please wait for a call from our Contact Manager, who will guide you throughout the process.
You can also compare different offers from banks choose the one which suits your needs.
So, apply for a Car Loan through Dialabank and enjoy the best proposals easily.

✅ How does Car Loan Kuthuparamba work?

When you apply for a car loan in Kuthuparamba, you will get a call from our representative, and then there will be a quick document verification process. Then, the loan amount will be transferred to your account.