Car Loan Mahbubnagar

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Best Banks for Car Loan in Mahbubnagar

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 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.

Click here for HDFC car loan

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
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 Mahbubnagar Documents Required

  1. Two latest passport size photocopies are needed (without spectacles).
  2. Proofs like PAN Card, Voters ID card, Driving License are required.
  3. For Salaried– The latest 3-month salary slip with form 16 is required.
  4. For Self Employed- Latest Income tax returns required.
  5. Ration card / Passport Copy / Telephone Bill / Electricity Bill / Life Insurance Policy is required to apply for the loan.
  6.  The last 6 months’ bank statement is needed.

Car Loan Mahbubnagar Eligibility Criteria

  1. Minimum age of the loan applicant is 21 years
  2. Maximum age at loan maturity is 65 years
  3. Minimum employment: For Salaried 1 year in current employment and a minimum of 2 years of employment / For Self- Employed at least 3 years in business.
  4. Minimum Annual Income: For Salaried Rs 100000 net annual income / For Self- Employed Net profit Rs. 60000 p.a for standard cars and Rs.100000 p.a. for mid-sized and premium cars.
  5. Telephone: Must be at the residence.
  6. Loan applicant Cibil score should have more than 750+
  7. The loan applicant should have an Indian citizenship

How to Apply for Car Loan in Mahbubnagar?

  • Visit Dialabank website.
  • Next, click on the loan section and select the car loan section.
  • Now fill the form with your details.
  • Within a few minutes, you will receive a call from our experts.
  • You can clear all your doubts with them.

Click here for Kotak car loan

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.

Click here for ICICI car loan

Car Loan Mahbubnagar Contact Number

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

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

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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