Car Loan Nellore

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Rates as low as 7.35%*
Up to 100% Funding
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Best Banks for Car Loan in Nellore

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 Nellore Features

Car loan NelloreThinking of buying your luxurious dream car? But don’t have enough money for it? Worry not! DialaBank has you covered through a car loan in Nellore. A car loan is a means of funding your dream car provided by banks and NBFCs to applicants at an affordable rate of interest throughout the country to cater to your needs. Since the cost of cars is growing rapidly daily a car loan is very important and fulfills your desire to be the owner of a luxurious car. The main features of a car loan in Nellore are:

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

Car Loan Nellore Interest Rates

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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 Nellore Documents Required

The essential documents needed to get a car loan approved in Nellore are as follows:

For Salaried Individuals:

  1. Proof of Identity: Passport copy, Driving License, Electoral Photo ID card, or PAN Card can be used as Identity proof.
  2. Proof of income: Last 3 months salary slip or six months salary slip along with Income Tax Return
  3. Residence Proof: Life Insurance Policy, PAN Card, Electoral Photo ID Card, Driving License, and, Electricity Bill is valid to address proofs.
  4. Bank Statement for the former six months.

For Self-employed individuals:

  1. Proof of Identity: Passport copy, Driving License, Electoral Photo ID card, or PAN Card can be used as Identity proof.
  2. Proof of Income: Income Tax Return.
  3. Residence Proof: Life Insurance Policy, PAN Card, Electoral Photo ID Card, Driving License, and, Electricity Bill is valid as address proofs.
  4. Bank Statement for the former six months.

Car Loan Nellore Eligibility Criteria

The car loan eligibility requirements are as followed in Nellore:

1.SALARIED INDIVIDUALS

  • The minimum age for applying for a loan is 21 years and the maximum age is 65 years.
  • The minimum employment required is 1 year of current employment and a minimum of 2 years of employment.
  • The minimum annual income required is  Rs 1,00,000 net annual income.

2.SELF-EMPLOYED INDIVIDUALS

  • The minimum age for applying for a loan is 30 years and the maximum age is loan is 65 years.
  • The minimum employment required is 2 year of business
  • The minimum annual income required is 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 Nellore?

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

  • Visit our website i.e  dialabank.com
  • Click on the car loan option available in the menu of the loans page
  • Fill in all the details required regarding the car type and your income and other details
  • Wait as our relationship manager will soon get in touch with you regarding your loan application on your provided number
  • You may also contact our relationship managers on the number 9878981166 regarding any query for a car loan
  • For availing a car loan in Nellore offline you will be required to visit the nearest branch personally and check on the rates available that might consume a lot of time.

Car Loan for major car manufacturers in Nellore

TABLE WILL APPEAR

Processing Fees /Prepayment Charges on Car Loan in Nellore

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 Nellore

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The credit score popularly known as the CIBIL score is what defines your ability to pay off your past credits. A higher Credit score defines your good credit history which makes your application process smooth and easy to be processed further. Usually, most of the banks and NBFCs require a credit score of 750 and above to approve your car loan application process in Raebareli. This score may further vary from bank to bank as per requirements. In case a CIBIL score is less than the required value of the bank you will be required to pay a high rate interest rate on the loan amount.

Car Loan Nellore Contact Number

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

Pre Calculated EMI Table for Car Loan Nellore 

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 Nellore

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Located in the South Indian state of Andhra Pradesh, Nellore is a city on the banks of Panna River and serves as the headquarters of the district, as well as the Nellore Mandal and Nellore revenue division. It is the fourth most populous city in Andhra Pradesh.

Car Loan EMI Calculator Nellore

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