Car Loan Rajampet

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Car Loan Rajampet

Best Banks for Car Loan in Rajampet

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 Rajampet FeaturesCar Loan Rajampet

Click here to ask for an instant car loan

Are you seeking a car credit? If yes, then your delay is over as we at Dialabank bring you unusual offers for a car loan in Rajampet. We give the lowest rate of interest for car loans Rajampet, which you won’t find anywhere else.

We offer Car loans for both Self-employed and salaried people. We give car loans on new as well as used cars.

A car loan is a business help provided by banks and NBFC’s to fulfill your dream of having your own car. They offer significant funding for purchasing a car which can be on Ex-Showroom Price or On-Road Price of the car. A car loan is a secured loan with easy repayment options. The loan amount is offered on Interest charges which differ from bank to bank. One can pay for the vehicle in easy installments.

Car Loan Rajampet Interest Rates

Feature
HDFC Bank
Private 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

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Car Loan Rajampet Documents Required

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.

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

Car Loan Rajampet Eligibility Criteria

For Salaried Applicants

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

For Self-Employed Applicants

  1. Minimum age: 21 years
  2. Maximum age at loan maturity: 65 years
  3. Minimum employment: At least 3 years in business
  4. Minimum Annual Income: Net profit Rs. 60000 per annum for standard cars and Rs.100000 per annum for mid-sized and premium cars

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

How to Apply for Car Loan in Rajampet?

Follow these few simple steps in order to avail a car loan Rajampet online without wasting any time.

  1. Visit our website DialaBank and Select Car Loan on the homepage.
  2. You will be directed to a page where you are required to fill in your personal as well as professional details
  3. Provide your current contact number so that our relationship managers can get in touch with you for further assistance.

The offline method for availing a car loan is also an option that does not prefer the online method. You need to visit the nearest branch office the lender and thereafter fill an application for. The executives will then assist you accordingly for further process.

Car Loan for Major Car Manufacturers in Rajampet

TABLE WILL APPEAR

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Processing Fees/ Prepayment Charges on Car Loan in Rajampet

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 Rajampet

A CIBIL score of 750 and above is supposed to be very good and it attracts a lower interest rate for car loan in Rajampet. However, a CIBIL score between 650 to 750 could be taken if you have a good income but a slightly higher rate of interest will be offered. If you have defaulted in your CIBIL score is very low, then your application might not be avoided.

Most institutions prefer to give loans only with the least CIBIL score of 750. The institutions don’t just look at the overall score but also examine for the detailed behavior on the previous loans taken. This includes details on the type of loan taken and the loan amount you have borrowed. If there are any delay payments for previous loans, it will act as a barrier to your availing a fresh loan.

Check your CIBIL score in your credit report for more information on the score.

Car Loan Rajampet Contact Number

Call us at 9878981166 to get on car loans in Rajampet and exclusive offers on car loans in Rajampet.

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Pre Calculated EMI Table for Car Loan Rajampet

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

Car Loan EMI Calculator Rajampet

About Rajampet

Rajampet is a city in the YSR Kadapa region of the Indian state of Andhra Pradesh. Rajampet is an Assembly constituency, Lok Sabha constituency, Revenue division, and a Forest Division. It is located in Rajampet Mandal of Rajampeta’s revenue division.

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