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Buy your dream Car
Rates as low as 7.05%*
Up to 100% Funding
Doorstep Service
Hassle-free Disbursal
Unbiased Experts Advice
Car Loan Podili
Best Banks for Car Loan in Podili
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 Podili Features
⍟ Loan Approval in 30 Minutes ⍟ Lowest Rate of Interest ⍟ Up to 100% on Road Loan ⍟ Minimum Documentation ⍟ Paperless Process ⍟ Flexible Repayment ⍟ Zero Foreclosure ⍟ 24 x 7 Online Payment Facility ⍟ No Hidden Charges
Car Loan Podili Eligibility Criteria
Salaried Individual
Age – 21 years to 60 years Net Monthly Income – Minimum ₹ 20,000 Employment Duration – 1-year minimum Income Eligibility – Based on Form 16 and salary slip
Self-Employed Individuals
Age – 21-65 years of age Minimum ITR – Rs.2 lakh Employment Duration – Minimum 3 years Income Eligibility – Depends on the latest Income Tax Returns
Minimum ITR – Rs. 2 lakh Employment Duration – 3 years minimum The applicant has to present IT returns and audited financials of 2 years with Calculated Income.
Priority Customers
At least 6-month vintage Average Quarterly Balance – 2 quarters balance at a minimum of Rs.1 lakh Maximum Loan Amount – 3 times the Average Quarterly Balance of the last 2 Quarters
Car Loan Podili EMI Calculator
Car Loan Podili Fees & Charges
Charges
New Car Loan
Used Car Loan
Interest Rate
7.35% per annum
11.80% p.a. to 13.80% p.a.
Car loan Processing fees
0.5%
0.5%
Issuance of Duplicate Repayment Schedule Charges
Around Rs.500
Around Rs.500
Foreclosure Charges
0.06
0.06
Penal Interest
2% PM
2% PM
Car loan Part Payment charges
6% of the amount
6% of the amount
Cheque/Instrument Swap Charge
Around Rs.500
Around Rs.500
Documentation Charge
Around Rs. 500
Around Rs. 500
Issuance of Duplicate No Dues Certificate Charges
Around Rs. 500
Around Rs. 500
Registration Certification Collection Charge
Around Rs. 200
Around Rs. 200
Cheque Bounce/Instrument Return Charges
Around Rs. 500
Around Rs. 500
Issuance of Duplicate Statement Charges
Around Rs. 500
Around Rs. 500
Loan Cancellation/Re-booking Charges
Around Rs. 1000
Around Rs. 1000
Issuance of Credit Report
Around Rs. 50
Around Rs. 50
Car Loan Podili Fees and Charges : Leading Banks – Oct 01 2023
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.
Registration Certificate Telephone Bill/Electricity Bill Shop & Establishment Act Certificate SSI or MSME Registration Certificate
Self-Employed Non-Individuals:
1. Partnership Firms/Societies
Category
Documents Required
Identity Proof (Any 1)
Driving Licence PAN Card Aadhar Card Passport
Address Proof (Any 1)
Electricity Bill/Telephone Bill Aadhar Card Driving License Voter ID
Income Proof
Audited Balance Sheet P&L Account ITR for the previous 2 years
Bank Statement
Last 6 month
Business Continuity Proof
Company ITR of the last 2 years Audited Balance Sheet TAX registration Certificate Current Account Statement
Additional documents
Letter of Authority or PAN Card
2. Private Limited/Limited Companies
Category
Documents Required
Identity Proof
The latest copy of MOA and AOA Copy of Incorporation
Address Proof (Any 1)
SSI/MSME Registration Certificate Telephone Bill Electricity Bill Shop & Establishment Act Certificate Sales Tax Certificate
Income Proof
Audited Balance Sheet P&L Account and ITR for the previous 2 years
Bank Statement
Previous 6 Months
Business Continuity Proof
P&L account and ITR of the Company of the past 2 years Audited Balance Sheet Shop & Establishment Act Certificate
Additional documents
List of Shareholding partners and Directors Board Resolution PAN Card Certificate of Commencement of Business for Ltd. Co.
How to Get the Best Car Loan Interest Rates in Podili
The interest rates on vehicle loans offered by various banks in Podili may vary, but they are all reasonable and competitive. If you want to avail of a car loan in Podili with a better interest rate, follow the steps below:
Compare various lenders and their offers – Every lender offers many types of schemes and offers. Make sure you do detailed research before choosing the loan.
Maintain a good debt-to-income ratio – The debt-to-income ratio indicates how much of an applicant’s income goes toward loan repayment, and lenders take this into consideration when setting interest rates.
How to Apply for a Car Loan in Podili?
Availing of a car loan in Podili is an easy process with Dialabank. Few steps to be followed are:
Provide the details of the car and your income details.
Our relationship manager will soon call you on your cell number.
You can also call our relationship managers on 9878981166
Which Bank in Podili Offers the Best Car Loans?
Many banks, including HDFC, Private, and SBI, offer vehicle loans here. The best lender is one that can provide you with the loan amount you need at a suitable interest rate and can hand out the funds as quickly as possible.
Car Loan for Major Car Manufacturers in Podili
TABLE WILL APPEAR
Processing Fees / Prepayment Charges on Car Loan Podili
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 Podili
A high CIBIL score means healthy repayment history which in turn makes your Car Loan application process smooth. Mostly, banks consider a score of 750+ as a decent score to approve your loan process.
Car Loan Podili Contact Number
In case of any queries regarding the car loan in Podili, you may contact on the number 9878981166 for any assistance.
Pre Calculated EMI Table for Car Loan Podili
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 Podili
Podili is a village in the state of Andhra Pradesh. The population of this place is roughly 31145 people, as per the report of the 2011 census.
✅ What types of vehicles can I purchase with a Car Loan?
Car loans can be used to buy any type of car, including SUVs, MUVs, etc. You can also get a car loan to get a vehicle for professional needs.
✅ Is a car loan forgiven in case the applicant passes away?
No, the loan isn’t waived off if the borrower expires.
✅ Where can I get an Interest Calculator for a Car Loan?
You can use theEMI calculator available on Dialabank. The interest rate can be calculated by filling out the relevant details such as your salary, company, and work experience, depending on which interest rates will be given.
