Car Loan Puttaparthi

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Car Loan Puttaparthi

Best Banks for Car Loan in Puttaparthi

Car Loan Puttaparthi Features

A car loan is a kind of loan which comes under the category of secured loans. It is a financial assistance given by various banks or NBFCs available for the general public to purchase a car. This loan is the best way to generate cash and buy your favourite car.

Interest Rates for Car Loan Puttaparthi

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 Puttaparthi

Documents Required for Car Loan Puttaparthi

Documents required for car loan are as followed:

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.

Eligibility for Car Loan Puttaparthi

The car loan eligibility requirements are as followed:

You should be at least 21 years of age to apply for a car loan. In addition, 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 Puttaparthi

TABLE WILL APPEAR

Processing Fees & Prepayment Charges on Car Loan Puttaparthi

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 Puttaparthi

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 big problem for the customer. A CIBIL score of more than 700 is usually considered a good credit score.

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Car Loan Puttaparthi 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 Puttaparthi

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

Car Loan EMI Calculator

About Puttaparthi

Puttaparthi is a town located in Anantapur district in Andhra Pradesh state, India.

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