Car Loan Ongole

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Buy your dream Car

Rates as low as 8.50%*
Up to 100% Funding
Doorstep Service
Hassle-free Disbursal
Unbiased Experts Advice

Best Banks for Car Loan in Ongole

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 Ongole Features

car loan ongoleOwning a car isn’t that simple as it doesn’t come in a few pennies. A standard Hatchback car can cost you a minimum of 5 lacks, and it is not possible for everyone to manage this big amount altogether. But here we make owning your car simple by the help of Car Loan where just by fulfilling a few processes you can have your dream cat at your home.

Car Loan Ongole 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 Ongole Documents Required

Apply for a Car Loan

For salaried:

  •  Passport copy, PAN Card, Voters ID card, Driving License are required.
  • Income Proof: Latest 3-month salary slip with form 16.
  • Ration card / Passport Copy /Electricity Bill is required to apply for the loan.
  •  Last 6 months bank statement.

For self-employed:

  •  Passport copy, PAN Card, Voters ID card, Driving License are required.
  • Income Proof: Latest Income tax returns are required.
  • Ration card / Passport Copy /Electricity Bill is required to apply for the loan.
  •  Last 6 months bank statement.

Car Loan Ongole Eligibility Criteria

For Salaried:

  • Firstly, the minimum age of the applicant should be not less than 21 years.
  • The maximum age should be 65 for loan maturity.
  • Minimum employment: At least 1 year in current employment and a minimum of 2 years of employment.
  • Minimum Annual Income: It should be Rs 1,00,000 net annual income.
  • A contact number is required.

For Self Employed:

  • Firstly, the minimum age of the applicant should be 30 years or above.
  • The maximum age should be 60 at loan maturity.
  • In this, minimum employment should be at least 2 years in business
  • Furthermore, the minimum annual income should be Rs. 60000 p.a for standard cars and Rs.100000 p.a. for mid-sized and premium cars.

Car Loan for Major Car Manufacturers in Ongole

TABLE WILL APPEAR

Processing Fees & Prepayment Charges on Car Loan Ongole

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 Ongole

Apply for a Car Loan

CIBIL score plays a key role while getting the loan. If your CIBIL score is between 750-900. Then you will get quick loan approvals. If the CIBIL score is less than 700 then your application will be pending. Make sure you check your CIBIL score before you apply for a loan. If you pay your EMIs in time then your CIBIL score will increase. If you do not repay your EMI your CIBIL score will be reduced. The applicant has to pay monthly EMIs according to there schedule of the bank.

Car Loan Ongole Contact Number

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

Pre Calculated EMI Table for Car Loan Ongole

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

Car Loan EMI Calculator

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