Car Loan Rajahmundry

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Buy your dream Car

Rates as low as 7.35%*
Up to 100% Funding
Doorstep Service
Hassle-free Disbursal
Unbiased Experts Advice

Best Banks for Car Loan in Rajahmundry

Feature
HDFC Bank
ICICI Bank
Kotak Mahindra Bank
Interest Rate
8% - 8.4 %
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 Rajahmundry Features

Car Loan Rajahmundry

It has become a necessity to own a vehicle in the current era. Travelling has been such an essential part. So most people want to own a vehicle of their own choice. But financial constraints prove to be a barrier in most cases. To solve this issue, banks and NBFCs provide Car Loans as financial funding for the car you wish to purchase.

Car Loans are secure loans where the vehicle you purchase serves as collateral and shall be confiscated in case you fail to repay.

To avoid any hassle and wastage of time, visit DialaBank to get a lightning-fast loan disbursal.

Car Loan Rajahmundry Interest Rate

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
1%
Nil
Andhra Bank Car Loan
Nil
Nil

 

To check Personal Loan Interest Rate for all major banks you can visit: Car Loan Interest Rates

Car Loan Rajahmundry Documents Required

For Salaried Individuals:

  1. Identity Proof: Passport copy, PAN Card, Voters ID card, Driving License
  2. Address Proof: Ration card / Driving license / Voters card / Passport Copy / Telephone Bill / Electricity Bill / Life Insurance Policy /PAN Card
  3. Bank Statement: Last 6 months.
  4. Income Proof: Latest 3-month salary slip with form 16

For Self Employed Individuals:

  1. Identity Proof: Passport copy, PAN Card, Voters ID card, Driving License
  2. Address Proof: Ration card / Driving license / Voters card / Passport Copy / Telephone Bill / Electricity Bill / Life Insurance Policy /PAN Card
  3. Bank Statement: Last 6 months.
  4. Income Proof: Latest Income Tax Return
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Car Loan Rajahmundry Eligibility Criteria

The car loan eligibility requirements are as followed in Rajahmundry:

For Salaried Individuals:

  1. Minimum age: 21 years
  2. Minimum employment:  1 year in the current place of work and 2 years of total employment.
  3. Minimum Annual Income: Rs 100000 net annual income.
  4. Maximum age at loan maturity: 65 years

For Self Employed Individuals:

  1. Minimum age: 21 years
  2. Maximum age at loan maturity: 65 years
  3. Minimum employment: A minimum of 3 years in business.
  4. Minimum Annual Income: Net profit of Rs. 60000 p.a for standard cars and Rs.100000 p.a. for mid-sized and premium cars

How to Apply for Car Loan in Rajahmundry?

Availing a car loan Rajahmundry is an easy process with Dialabank. Just follow some steps to avail the best offers:

  • Visit our website and click on the car loan option available on the menu. Fill in the details regarding the car type and your income. Our relationship manager will soon get in touch with you on your provided number.
  • You may also contact our relationship managers on the number +919878981166 in case of any queries regarding the loan.
  • For availing a car loan offline you will have to visit the branch personally, which might turn hectic for you. So we advise you to do it online!

Car Loan for Major Car Manufacturers in Rajahmundry

TABLE WILL APPEAR

Processing Fees & Prepayment Charges on Car Loan Rajahmundry

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 Rajahmundry

Banks and NBFCs regard CIBIL score as an important aspect of the loan approval process. It proves the creditworthiness of any individual. The minimum CIBIL score requirement for a car loan is different for every lending institution. But mostly, a score above 750 is considered to be decent for any individual to be eligible to apply for a car loan.

An applicant must assure their credit score is without any default and all the pending dues and debts are paid off before applying for a car loan. You can check your credit score by visiting any financial institution’s official website and providing the necessary details.

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Car Loan Rajahmundry Contact Number

Dial us up at +919878981166 to get more information about car loans at Rajahmundry and we will give you the best advice to help you fulfill your dream easily, quickly and efficiently.

Pre Calculated EMI Table for Car Loan Rajahmundry 

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 Rajahmundry

Rajahmundry City, officially known as Rajamahendravaram is a city located at East Godavari district in the Indian state of Andhra Pradesh. The city is located on the banks of the Godavari River. In the Madras Presidency, the District of Rajahmundry was created in 1823. Rajamahendravaram city is also famous for its flowers. Various varieties of flowers are cultivated here.

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

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Car Loan EMI Calculator

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