Car Loan Nakrekal

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Car Loan Nakrekal

Best Banks for Car Loan in Nakrekal

Private Bank
Kotak Mahindra Bank
Interest Rate (p.a.)
7.35 - 7.95%
8.5 - 9.5 %
Min Loan Amt
Metro : 1 Lac & Non Metro: 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
Loan to Value (LTV)
Upto 100% on Ex- showroom
Upto 95% on Ex- showroom
Upto 90% on Ex- showroom

Car Loan Nakrekal Features

A car loan is a financial help provided by banks and NBFC’s to fulfill your dream of having your car. They provide necessary funding for purchasing a car which can be on Ex-Showroom Price or On-Road Price of the car. A car loan is a secured loan with easy repayment options. The loan amount is offered on Interest charges which vary from bank to bank. One can pay for the vehicle in easy installments.

Car Loan Nakrekal 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
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

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Car Loan Nakrekal Documents Required

A person should review the documents required for car loan before making a decision.

  1. Identity Proof: Passport copy, PAN Card, Voters ID card, Driving License of the person applying for the loan.
  2. Income ProofFor Salaried– Latest 3-month salary slip with form 16 of the person applying for the loan.
  3.  For Self Employed- Latest Income Tax Report of the person applying for the loan.
  4. Address Proof: Ration card/Driving license/Voters card/Passport Copy/Telephone Bill/Electricity Bill/Life Insurance Policy/PAN Card of the person applying for the loan.
  5. Bank Statement: Last six months bank statement of the person applying for the loan.

Car Loan Nakrekal Eligibility Criteria

To obtain the loan amount, a person must meet the Eligibility criteria for car loan.


  • Minimum age: 21 years
  • Maximum age at loan maturity: 65 years
  • Minimum employment: 1 year in current employment and a minimum of 2 years of employment.
  • Least Annual Income: Rs 100000 net yearly pay.


  • Minimum age: 30 years
  • Maximum age at loan maturity: 65 years
  • Minimum employment: At least 2 years in business
  • Minimum Annual Income: Net profit Rs. 60,000 Per Annum for standard cars and Rs.1,00,000 Per Annum for mid-sized and premium cars

How to Apply for Car Loan in Nakrekal?

  1. Visit our website dialabank from your browser either from a mobile or your desktop.
  2. Go to the loan section on the page and click on the car loan link.
  3. The applicant will be directed to all the details of the car loan where they can choose their preferred city, according to their needs.
  4. For more information on a car loan Jaipur and free guidance, you may call on 9878981166.

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Car Loan for Major Car Manufacturers in Nakrekal


Processing Fees & Prepayment Charges on Car Loan Nakrekal

Category Details
Processing Charges
1999 - 4999 + Tax
No prepayment is allowed until 12 EMIs are paid
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 Nakrekal

Each loaning establishment has its models for the base CIBIL score required for handling the Car Loan application in Jaipur so they can limit the danger of loaning to you and furthermore if your CIBIL score is low you get a financing cost at a much high-loan fee than others. Most establishments require a base score of CIBIL of 750 or above to handle your credit application. Likewise having a decent CIBIL score serves to credits at a less expensive pace of intrigue and furthermore the advance cycle gets simpler and quicker.

The organizations don’t simply take a gander at the general score yet additionally the nitty-gritty conduct on the past advances taken. This remembers subtleties for the sort of credit taken and the sum acquired. Any postponed installments for past credits can go about as a hindrance to your benefiting a new advance.

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Car Loan Nakrekal Contact Number

You can get a car loan Nakrekal easily from dialabank by contacting the number 9878981166.

Pre Calculated EMI Table for Car Loan Nakrekal

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 Nakrekal

Nakrekal is a census town in Nalgonda district of the Indian state of Telangana. It is located in Nakrekal mandal in Nalgonda division. It is located about 26km from Suryapet and 29km from Nalgonda.

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Car Loan EMI Calculator

Car loan EMI can be calculated by the Car loan EMI Calculator provided by Dialabank. It is free to use and you can use it an infinite number of times. Equated Monthly Installments(EMI) is the monthly fixed charges that you pay to the bank as monthly repayment for the loan amount borrowed. Based on the profile, the interest rate on the loan is determined. EMI is calculated based on the Interest Rate you are charged by the bank and the amount of loan you have to take and the period for which you enjoy the car loan.

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