Car Loan Palwancha

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Car Loan Palwancha

Best Banks for Car Loan in Palwancha

Feature HDFC Bank ICICI 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 Palwancha Features

A vehicle credit is a money related assistance gave by banks and NBFC’s to satisfy your fantasy about having your own vehicle. They give important subsidizing to buying a vehicle which can be on Ex-Showroom Price or On-Road Price of the vehicle. A vehicle advance is a protected credit with simple reimbursement choices. The credit sum is offered on Interest charges which differ from bank to bank. One can pay for the vehicle in simple portions.

A portion of the highlights of vehicle advance in Palwancha are:

  • Up to 90-95% of the subsidizing accessible for new vehicles
  • Up to 80-85% of the subsidizing accessible for utilized vehicles
  • The advance time frame is for the most part between 1 to 7 years.
  • The loan fee is determined based on accumulating funds.
  • Compared Monthly portion is worked out for reimbursement.
  • Early settlement of the forthcoming sum is accessibly liable to the pre-installment punishment.

Why Dialabank?

  • We let you sit at the comfort of your home and provide you with the loan without any hassle.
  • We have tie-ups with top Banks and NBFCs of the country to provide you with the best in class service.
  • We offer you the lowest rate of interest in the market.
  • We Charge no money from our customers for the services that we provide.
  • Our team of experts and Relationship managers helps you in every step of the journey to acquire a loan.

Car Loan Palwancha 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 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 Palwancha 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
  2. Income ProofFor Salaried– Latest 3-month salary slip with form 16
  3. Address Proof: Ration card / Driving license / Voters card / Passport Copy / Telephone Bill / Electricity Bill / Life Insurance Policy /PAN Card
  4. Bank Statement: Last 6 months.

Car Loan Palwancha Eligibility Criteria

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

Car Loan Mumbai

SALARIED INDIVIDUALS

  • 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.

SELF-EMPLOYED INDIVIDUALS

  • 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 Palwancha?

Applying for a Car Loan with Dialabank is an easy process. Follow the steps to apply for a car loan:

  1. Visit our website Dialabank
  2. Click on the auto loan option and select the car loan option on the menu.
  3. Fill out the form with the necessary details of your loan requirements.
  4. Wait for our team of experts to reach to get in touch with you.
  5. You can also visit the nearest branch or call on 9878981166.

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Car Loan for Major Car Manufacturers in Palwancha

TABLE WILL APPEAR

Processing Fees & Prepayment Charges on Car Loan Palwancha

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 Palwancha

CIBIL score reflects your credit history in the past as well as your defaults in repayment of your previous loans. A good credit score is considered as 750 and above as most of the financial institutions ask for a high credit score. Every bank and NBFC has different criteria for a minimum CIBIL score they require to process your loan. A Lower CIBIL score than 750 can attract a higher rate of interest.

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Car Loan Palwancha Contact Number

To avail a car loan in Palwancha or for any kind of support, give us a call on 9878981166

Pre Calculated EMI Table for Car Loan Palwancha

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 Palwancha

Palwancha is a town in the Bhadradri region of the Indian province of Telangana. It is situated in Palwancha mandal of the Kothagudem income division.

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