Car Loan Pulivendula

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Car Loan Pulivendula

Best Banks for Car Loan in Pulivendula

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


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Car Loan Pulivendula 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 Pulivendula


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Car Loan Pulivendula Eligibility Criteria

The car loan eligibility requirements are as follows in Pulivendula:

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
Self-Employed Non-Individuals (Company/Partnership)
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


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Car Loan Pulivendula EMI Calculator

Car Loan Pulivendula 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


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Car Loan Pulivendula Fees and Charges : Leading Banks – Nov 28 2022

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


car loan

Car Loan Pulivendula Documents Required

Documents required for car loan are as follows:

Salaried Individual

Category
Documents Required
Identity Proof (Any 1) Passport
Voter ID
Aadhar Card
Driving License
Address Proof (Any 1) Aadhar Card
PAN
Driving License
Electricity Bill
Date of Birth Proof(Any 1)
Passport
Birth Certificate
High School Marksheet
Driving Licence
Signature Proof(Any 1)
PAN
Bankers Verification
Passport
Income Proof
Salary Slip and latest Form No.16
Bank Statement
Last 6 month Bank statement
Employment Continuity Proof
Job card by NREGA
ITR of Form no. 16
Salary Slip mentioned with joining date
Letter of Appointment

 

Self-Employed Individuals

Category
Documents Required
Identity Proof (Any 1) PAN Card
Passport
Voter ID
Aadhar Card
Address Proof (Any 1) PAN Card
Voter ID
Passport
Electricity Bill
Date of Birth Proof (Any 1) Birth Certificate
Passport
Driving Licence
PAN
Signature Proof (Any 1)
PAN
Bankers Verification
Passport
Bank Statement
Bank statement of last 6 months
Employment Continuity Proof
Latest ITRs
Shop & Establishment Act Certificate
Shop & Establishment Act Certificate
Sales Tax or VAT Certificate
Business Proof
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.


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How to Get the Best Car Loan Interest Rates in Pulivendula

To acquire the best car loans in Pulivendula, follow the steps outlined below.

  • Choose a Shorter Repayment Term – Many borrowers are under the mistaken assumption that longer loan terms are preferable. As a result, they end up paying highly high interest rates throughout the loan. Apply for a shorter loan if you wish to save money.
  • Research and Compare the Perks offered by different Lenders – To find the most acceptable lender for his circumstances, a borrower must adequately analyse all available options.
  • Maintain a modest Debt-To-Income Ratio – The debt-to-income ratio is used to determine how much of an applicant’s income is used to repay an older loan. Your chances of securing a new loan are better if you have a low debt-to-income ratio.
  • Maintain a good Credit Score – A credit score of 750 or more is regarded as suitable, and having a good credit score improves a borrower’s chances of securing a loan.

How to Apply for a Car Loan in Pulivendula?

Availing of a car loan in Pulivendula is a pretty straightforward process with Dialabank. Follow the options stated below for a smooth loan approval process: –

  • Visit our website Dialabank.
  • On the webpage, select the car loan option.
  • On the car loan application, fill in the essential fields.
  • Our relationship managers will contact you as soon as possible at the phone number you provided.
  • You may also contact us at 9878981166 in case of any queries regarding the loan.


car loan

Which Bank in Pulivendula Offers the Best Car Loans?

In Pulivendula, reputable lenders such as HDFC, Muthoot, and CitiBank offer various vehicle loans. In addition, you can discover a lender through Dialabank who can give you the loan amount you require at the lowest feasible interest rate and disburse the funds as quickly as possible.

Car Loan for Major Car Manufacturers in Pulivendula

TABLE WILL APPEAR

Processing Fees / Prepayment Charges on Car Loan Pulivendula

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


car loan

CIBIL Score Required for Car Loan in Pulivendula

The CIBIL score is a credit score that determines your capacity to repay your debt on time. To approve your loan application procedure in Pulivendula, most banks and NBFCs require a credit score of at least 750.


car loan

Car Loan Pulivendula Contact Number

In case of any queries related to car loans in Pulivendula, you can contact us on 9878981166 for assistance.


car loan

Pre Calculated EMI Table for Car Loan Pulivendula

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


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About Pulivendula

Pulivendula is a town in the YSR Kadapa district, part of the Andhra Pradesh state in India. Its name is derived from “Puli Mandala” (meaning “group of tigers”), which was once a woodland area filled by tigers, according to legend. It’s in the Jammalamadugu revenue division’s Pulivendula mandal. Proddatur is about 65 kilometres away from Pulivendula (1915).


car loan

Car Loan Banks in Pulivendula

Bank Name Bank Address IFSC code
ANDHRA PRAGATHI GRAMEENA BANK DOOR NO 14309 BESIDE LAKSHMI THEATRE,PARNAPALLI ROAD,POOLA ANGALLU APGB0002187

 

FAQ’s About Pulivendula Car Loan

✅ What are my choices for repaying my auto loan?

Three possibilities for repaying your loan are Standing Instructions, Post-Dated Cheques, and Electronic Clearing House (ECS). Again, you can work with your local bank to determine which choice is best for you.

✅ Is it necessary to have a guarantor for a car loan?

No, a guarantor is not mandatory for availing a car loan. However, if your income falls below the lender’s minimum requirements, you may need the assistance of a guarantor.

✅ Where can I find a vehicle loan interest calculator?

The EMI calculator on the Dialabank website or the lending bank’s website can be used. Enter your plan’s interest rate to calculate the EMIs. Borrowers may find out their interest rate by filling out a loan application, which will ask for basic information like their salary, business, and job experience.