Car Loan Peddapuram

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Car Loan Peddapuram

Best Banks for Car Loan in Peddapuram

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 Peddapuram Features

Everyone wants to fulfil their dreams and desire and wants to have a luxurious life. Still, it is challenging to have this kind of life in today’s scenario .so you don’t have to worry because a car loan will help you have a Luxury experience. This loan is an offer that provides finance to people for buying a car. A car loan allows a person to pay for the vehicle in instalments rather than spending it all at once. It requires a minimum documentation process and fewer fees process.

Car Loan Peddapuram

Interest Rates for Car Loan Peddapuram

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

Documents Required for Car Loan Peddapuram:

A person should review the documents required for car loan before making a decision.

For Salaried Individuals:

  1. Proof of Identification: Passport copy, PAN Card, Voters ID card, Driving License
  2. Income Proof: Latest 3-month salary slip with form 16
  3. 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. Identification Proof: Passport copy, PAN Card, Voters ID card, Driving License
  2. Income Proof: Latest ITR
  3. Address 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.

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Eligibility Criteria of Car Loan Peddapuram:

If a person satisfies the Eligibility criteria for car loan, he can perceive the amount within a provided period. 

You should be at least 21 years of age to apply for a car loan. The maximum age of a person should be 65 years at the time of maturity of the loan.

For Salaried: You should be having a minimum of 2 years of employment, and you should be working for at least 1 year in your current employment. The minimum annual salary required is Rs. 100000 as net annual income.

For Self Employed: You should be in the business for at least 3 years. A net profit of at least Rs. 60000 p.a. should be there for standard cars and Rs. 100000 p.a. for mid-sized and premium cars.

Car Loan for Major Car Manufacturers in Peddapuram

TABLE WILL APPEAR

Processing Fees & Prepayment Charges on Car Loan Peddapuram

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 Peddapuram

CIBIL Score plays a vital role while getting a car loan. The higher your CIBIL score, the higher amount of loan you will get at minimum time. Generally, the reason behind this a CIBIL score usually shows the behaviour of the applicant towards their credits. If the score is not suitable, the customer has a bad credit record. For example, they might not be good with their past and present credits or debts. Therefore, it may create a problem for the customer. A CIBIL score of more than 700 is considered a good credit score.

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Car Loan Peddapuram Contact Number

To get an instant car loan, you can visit our website DialaBank or call 9878981166 to get assistance free of cost. Our executives are well trained and will assist you in the best way possible to provide you with a deal most suited for you.

Pre Calculated EMI Table for Car Loan Peddapuram

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

About Peddapuram:

Peddapuram is a city in the state of Andhra Pradesh, India. If you are in urgent need of money and you have any query feel free to contact on www.dialabank.com

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