Car Loan Ponnur

I have read the Privacy Policy & Agree to Terms & Conditions and authorize Dialabank & its partner institutions to Call or SMS me with reference to my application.

Buy your dream Car

Rates as low as 7.05%*
Up to 100% Funding
Doorstep Service
Hassle-free Disbursal
Unbiased Experts Advice

Car Loan Ponnur

Best Banks for Car Loan in Ponnur

Private Bank
Kotak Mahindra Bank
Interest Rate (p.a.)
7.35% - 7.95 %
8.5 - 9.5 %
Min Loan Amt
Metro : 1 Lac & Non Metro: 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
Loan to Value (LTV)
Upto 100% on Ex- showroom
Upto 95% on Ex- showroom
Upto 90% on Ex- showroom

Car Loan Ponnur Features

Purchasing a brand new luxury car is no more an extraordinary task. Don’t worry even if you’re running short on cash. All the leading finance institutions provide Car Loans that enable an individual to possess the car of their choice without any chaos. Another product offered by the lenders is the used car loans which make it easier for an individual to buy a preowned or a used car which they might not be able to bear the first-hand cost.

Online car loans are an appropriate and fitting way to finance your car in no time. The eligibility criteria are also not much stringent as compared to other types of loans.

Visit Dialabank and get yours now.

Car Loan Ponnur Interest Rate

Apply for a Car Loan

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.
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

Car Loan Ponnur Documents Required

Essential Documents for Car Loan in Ponnur:

 For Salaried Employee

  1. Proof of identity can include Aadhar Card/ Driving License/ Passport Copy, etc.
  2. Proof of income can include the previous 3 months bank statements and salary slips for a salaried individual
  3. Residential proof can include Water Bill/ Telephone bill/ Voter ID/ Passport Copy
  4. Recent passport size photographs-2 are obligatory Ponnur

For Self-Employed

  1. Proof of identity such as Aadhar Card/ Driving License/ Passport Copy, etc.
  2.  Recent ITR files for a self-employed individual
  3. Residential proof such as Water Bill/ Telephone bill/ Voter ID/ Passport Copy
  4. Recent passport size photographs-2 are mandatory in Ponnur.

For more information on Documents required for car loan, click on given link.

Car Loan Ponnur Eligibility Criteria

The necessary criteria for applying for car loan in Ponnur:

For Salaried Employee

  1. An applicant should belong to an age group between 21 to 65 years of age
  2. A salaried employee must be working in the current company for a minimum of 1 year.
  3. An employed individual should earn a minimum salary of Rs 25000 every month.

For Self- Employed

  1. An applicant should belong to an age group between 21 to 65 years of age
  2. A Self-employed individual must have their business running from at least the last three years.
  3. Minimum Annual Income before availing of a loan: Net profit Rs. 60000 p.a for standard cars and Rs.100000 per annum for mid-sized and premium cars

For more information on Eligibility criteria for car loan, click on given link.

Car Loan for Major Manufacturers in Ponnur

Apply for a Car Loan


Processing Fees & Prepayment Charges on Car Loan Ponnur 

Category Details
Processing Charges
1999 - 4999 + Tax
No prepayment is allowed until 12 EMIs are paid
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 Ponnur 

CIBIL score shows the credit borrow and repayment behavior of a borrower. Thus, the banks have a minimum CIBIL score requirement based on which the loan is approved. Generally, if an individual has a score above 800 then they are eligible for availing a car loan at an on-road price.

It is necessary that one should clear all the pending dues and debts in order to maintain a good credit score. Default in your credit score may hinder your opportunities for availing a fresh a loan in the future.

Car Loan Ponnur Contact Number

Apply for a Car Loan

To get an instant car loan you can visit our website Dialabank or call on 9878981166 to get the best assistance. Our executives are well trained and will assist you in order to provide you with a deal most suited for you.

Pre Calculated EMI Table for Car Loan Ponnur

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

You can calculate your EMI here: Car Loan EMI Calculator

About Ponnur 

Ponnur is a town in the Guntur district of the Indian state of Andhra Prades. Sri Sri Sri Bhaava Naaraayana Swaamy Vaari temple has inscriptions about a record of a grant by Kulotthunga Chola I in A.D.1191. A festival is celebrated in this town on full moon day in may. A road to Tsandavolu goes south-east and comes to Nidubrolu, where is a temple with a stone bearing inscription recording the erection of 90 temple in A.D. 1132. One of the  ancient Telugu manuscript entitled ‘Ponnuru-Chandavolu Shasanam’ was present in Potti Sriramulu Telugu University in Ponnur. It is a municipality and the Mandal headquarter of Ponnur Mandal under Tenali revenue division.

Special Note: Banks do not provide Car Loans to applicants with poor credit history, but one can fulfill their money requirement with Gold Loan easily.

Car Loan EMI Calculator

Apply for a Car Loan

Car Loan for other cities in Andhra Pradesh

Car Loan Parvathipuram Car Loan Mangalagiri
Car Loan Ongole Car Loan Mandapeta
Car Loan Nellore Car Loan Madanapalle
Car Loan Markapur Car Loan Machilipatnam