Car Loan Mandapeta

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Rates as low as 8.50%*
Up to 100% Funding
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Best Banks for Car Loan in Mandapeta

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 Mandapeta Features

Want to purchase a dream car? But don’t have the required funds for it? Worry not! DialaBank brings a  car loan for you. A car loan is a means of funding or financial help provided by banks and NBFCs to applicants having some income at an affordable rate of interest to aid them in buying a car of their choice. Since cars have now become a necessity for everyone in this fast-moving world, the cost of cars is also growing rapidly. This is where a car loan comes into play and fulfills your desire to be the owner of a luxurious car of your preference. The main features of a car loan in Mandapeta are:

Car Loan Mandapeta

  • Car loans are available at affordable interest rates
  • Almost all major banks and NBFCs offer car loans in Mandapeta
  • The documentation process is quick and hassle-free
  • Car loans are easily available through DialaBank

Car Loan Mandapeta 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 Mandapeta Documents Required

The essential documents required to get a car loan approved in Mandapeta are as follows:

  1. Passport copy, PAN Card, Voters ID card, or any other identity proof.
  2. For Salaried– Latest 3-month salary slip with form 16 / For Self Employed- Latest ITR proof as income proofs.
  3. Ration card / Driving license / Voters card / Passport Copy / Telephone Bill or any other address proof.
  4. Bank Statement of Last 6 months.

Car Loan Mandapeta Eligibility Criteria

The car loan eligibility requirements are as followed in Mandapeta:

  1. Minimum age: 21 years old
  2. Maximum age at loan maturity: 65 years old
  3. Minimum employment: For Salaried- 1 year in current employment and a minimum of 2 years of employment
  4. For Self Employed– at least 3 years in business
  5. Minimum Annual Income: For Salaried Rs 100000 net annual income
  6. For Self- Employed Net profit Rs. 60000 p.a for standard cars and Rs.100000 per annum for mid-sized and premium cars

How to Apply for Car Loan in Mandapeta?

Availing a car loan in Mandapeta is an easy process with DialaBank. Follow the following steps to avail the best offers:

  • Visit our website dialabank.com
  • Click on the car loan option available in the menu of the page
    • Fill in the details regarding the car type, your income, and other details
  • Wait as our relationship manager will soon get in touch with you on your provided number.
  • You may also contact our relationship managers on the number 9878981166.
  • For availing a car loan offline you will have to visit the nearest branch offering it personally.

Processing Fees & Prepayment Charges on Car Loan Mandapeta

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 Mandapeta

Every banking and lending institution has its criteria for the minimum CIBIL score required for processing the Car Loan application in Mandapeta because they want to minimize the risk of lending to the risky borrower and for that they want you to have a CIBIL score of 750 or above to process your loan application faster and also they can help you get a cheaper rate of interest on your loan if you ask for it. Please keep a regular check on your CIBIL score and also maintain your CIBIL score by not defaulting in your payments.

Car Loan Mandapeta Contact Number

In case of any queries regarding the car loan in Mandapeta, you may contact on the number 9878981166 for any sort of assistance.

Pre Calculated EMI Table for Car Loan Mandapeta

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 Mandapeta

Mandapeta, also called Mandavyapuram is a town in East Godavari district in the Indian state of Andhra Pradesh. It is a market place and a place of recreation for many surrounding villages and it is famous for its rice mills.

Car Loan EMI Calculator

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