Car Loan Parvathipuram

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Car Loan Parvathipuram

Best Banks for Car Loan in Parvathipuram

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 Parvathipuram

Car Loan Parvathipuram Features

Apply for a car loan

Today everyone dreams of owning a car to make life easier. But not everyone has the needed financial situation. Are you coping with this trouble? Don’t worry. We Dialabank financial services help consumers to compare, analyze, and select the best loans possible.

We provide car loans starts at a reasonable interest rates to both salaried as well as self employed individuals. We provide car loans on used as well as new cars.

Some key features of car loans in Parvathipuram are as follows:

  • Easy monthly repayment options available for you.
  • Instantly car loans available
  • Loan Tenure period ranges from 1-7 years
  • There is a provision of affordable interest rate offers to fulfil your wishes.
  • There are no hidden charges.

Car Loan Parvathipuram Interest Rates

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 Parvathipuram Documents Required

A person must review the documents required for a car loan before selecting the loan.

For Salaried Individuals:

  1. Proof of Self: Passport copy, PAN Card, Voters ID card, Driving License
  2. Salary Proof: Latest 3-month salary slip with form 16
  3. One Residence Proof: Ration card / Driving license / Voters card / Passport Copy / Telephone Bill / Electricity Bill / Life Insurance Policy /PAN Card
  4. Bank Statement: Last 6 months.

For Self Employed Individuals:

  1. Name Proof: Passport copy, PAN Card, Voters ID card, Driving License
  2. Earning Proof: Latest ITR
  3. Accommodation Proof(anyone): 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 Parvathipuram Eligibility Criteria

The Eligibility criteria for a car loan, as well as the procedure, must be examined.

For Salaried Applicants

  1. Minimum age: 21 years
  2. Maximum age at loan maturity: 65 years
  3. Minimum employment: 1 year in recent employment and a minimum of 2 years of employment
  4. Minimum Annual Income: Rs.100000 net annual income

For Self-Employed Applicants

  1. Minimum age: 21 years
  2. Maximum age at loan maturity: 65 years
  3. Minimum employment: At least 3 years in business
  4. Minimum Annual Income: Net profit Rs. 60000 per annum for standard cars and for mid-sized and premium cars of Rs.100000 per annum

Car Loan for Major Car Manufacturers in Parvathipuram

TABLE WILL APPEAR

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Processing Fees / Prepayment Charges on Car Loan in Parvathipuram

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 Parvathipuram

CIBIL score gives an idea about your credit history in the past and your defaults in the refund of your previous loans. A good credit score is considered as 750 and above by most of the foundations that provide funds prefer a higher credit score. Every NBFC and bank has different criteria for a minimum CIBIL score they require to process your Car Loan Parvathipuram. A CIBIL score lower than 750 can get a bit of a higher interest rate.

A very low CIBIL score can result in refusal of your loan application as it is the first thing a bank notices before processing your loan application. Your record of previous loans taken are considered for a Car Loan Parvathipuram. If there are any delay in payments for previous loans, it will create an obstacle for availing of a fresh loan.

Car Loan Parvathipuram Agent Contact Number

Apply with Dialabank through the online platform and avail of the best offers on a car loan with instant approval and extra benefits, or you can make a missed call on this number for any queries about the car loan in Parvathipuram 9878981166.

Our customer care executive offers you guidance and assistance to solve your queries about the car loan.

Pre Calculated EMI Table for Car Loan Parvathipuram

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 Parvathipuram

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About Parvathipuram

Parvathipuram is a municipality located in Vizianagaram district in Andhra Pradesh, India. Also, it is a revenue division of the Vizianagaram district. It occupies a 7.24 square kilometres area.

As per the 2011 census, it had a population of 53,844.

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