Car Loan Mahbubnagar

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Car Loan Mahbubnagar

Best Banks for Car Loan in Mahbubnagar

Feature HDFC Bank ICICI Bank
Kotak Mahindra Bank
Interest Rate (p.a.) 7.35 % - 7.95 % 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 Mahbubnagar Features

car loan mahbubnagarAre you in dialama whether to buy vehicles in this pandemic? Taking car loan becoming essential these days. These days, achieving dreams like going on vacation in your own car became difficult.so, to get the loan easier just apply for a loan on the dialabank website. here you can get the loan with very attractive interest rates.

Car Loan Mahbubnagar Interest Rate

The one who is going to apply for the loan should have a clear idea about the interest rates. while at the time of repayment this will be more helpful and also amount to repay will be saved. once if you have a clear idea of interest rates.

  • The applicant requires less than Rs. 3 lacs then the interest rate will be 10.25% per annum.
  • Secondly, the amount of loan is between Rs.3 lacs to Rs.6 lacs, then the interest rate will be 9.50% per annum.
  • Moreover, for the loan amount between Rs.6 lacs and Rs.10 lacs, a 9.25% interest rate will be charged.
  • If the loan amount is between Rs.10-20 lacs, then the interest rate charged will be 9.00% per annum.
  • Lastly, the loan amount above Rs. 20 lacs then the interest rate will be 8.70% per annum.
  • The interest rate for used cars starts at 14.00% per annum.

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 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

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Car Loan Mahbubnagar Documents Required

Documents required for car loan are as followed:

For Salaried Individuals:

  1. Proof of Identification: Passport copy, PAN Card, Voters ID card, Driving License
  2. Income Proof: Latest 3-month salary slip with form 16
  3. Residence Proof: Ration card / Driving license / Voters card / Passport Copy / Telephone Bill / Electricity Bill / Life Insurance Policy /PAN Card
  4. Bank Statement: Last 6 months.

For Self Employed Individuals:

  1. Identification Proof: Passport copy, PAN Card, Voters ID card, Driving License
  2. Income Proof: Latest ITR
  3. Address Proof(anyone): Ration card/ Driving license / Voters card / Passport Copy / Telephone Bill / Electricity Bill / Life Insurance Policy /PAN Card
  4. Bank Statement: Last 6 months.

Car Loan Mahbubnagar Eligibility Criteria

The car loan eligibility requirements are as followed:

For Salaried Applicants

  1. Minimum age: 21 years
  2. Maximum age at loan maturity: 65 years
  3. Minimum employment: 1 year in current employment and a minimum of 2 years of employment
  4. Minimum Annual Income: Rs.100000 net annual income

For Self-Employed Applicants

  1. Minimum age: 21 years
  2. Maximum age at loan maturity: 65 years
  3. Minimum employment: At least 3 years in business
  4. Minimum Annual Income: Net profit Rs. 60000 per annum for standard cars and Rs.100000 per annum for mid-sized and premium cars

Car Loan for Major Car Manufacturers in Mahbubnagar

TABLE WILL APPEAR

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Processing Fees & Prepayment Charges on Car Loan Mahbubnagar

check the below table for processing Fees and Prepayment charges on a car loan.

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 Mahbubnagar

Cibil score always plays a major role while getting the loan. if the Cibil score ranges between 700 to 900 then the loan application will be accepted and approved. if you repay the loan in time your Cibil score will fluctuate up. when you went to the lender for the loan, lender will look at your Cibil score. by that Cibil score, lender will give approvals.

Car Loan Mahbubnagar Contact Number

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

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Pre Calculated EMI Table for Car Loan Mahbubnagar

check here of Pre calculated EMI table for a car loan.

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 Mahbubnagar

Mahbubnagar is a city in Mahbubnagar district of Telangana  If you are in urgent need of money and you have any query feel free to contact on www.dialabank.com.

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Car Loan EMI Calculator

Repaying the loans in EMIs will not affect our monthly budget. as well as paying in time will increases our Cibil score.

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