Car Loan Nellore |Lowest Interest Rate @ 8.1%

Car Loan Nellore

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Best Banks for Car Loan in Nellore

Feature	HDFC Bank	Private 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 Nellore Features

Car loan Nellore Thinking 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
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

Car Loan Nellore Documents Required

The essential documents required for a car loan approved in Nellore are as follows:

For Salaried Individuals:

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

For Self-employed individuals:

Proof of Identity: Passport copy, Driving License, Electoral Photo ID card, or PAN Card can be used as Identity proof.
Proof of Income: Income Tax Return.
Residence Proof: Life Insurance Policy, PAN Card, Electoral Photo ID Card, Driving License, and, Electricity Bill is valid as address proofs.
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 of 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
Prepayment Charges	>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 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.