Car Loan Rajamundry

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.

Best Banks for Car Loan in Rajamundry

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

Car Loan Rajamundry Features

Thinking of buying your dream car? But don’t have the needed funds for it? Bother not! A car loan is here to meet your dreams. A car loan is a medium of funding or financial help provided by banks and NBFCs to applicants at an affordable rate of interest to help them in getting a car of their choice. Since cars have now become a necessity for everyone, but the cost of cars is spreading rapidly daily, a car loan has also become important and fulfills your ambition to be the proprietor of a comfortable car.

The main characteristics of a car loan in Rajamundry are:

Car loans are accessible at affordable low-interest prices
Nearly all main banks and NBFCs offer car loans in the center
The documentation method is quick and hassle-free on regarding with DialaBank.
Car loans are easily accessible through Dialabank and distributed immediately

Car Loan Rajamundry 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
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

Apply for a Car Loan

Car Loan Rajamundry Documents Required

Documents required for car loan are as followed:

For salaried:

Identity Proof: Passport copy, Voters ID card, PAN Card, Driving License
Income Proof: Newest 3-month salary slip including form 16
Address Proof: Voters card / Passport Copy / Telephone Bill / Electricity Bill / Ration card / Driving license / Life Insurance Policy /PAN Card or any other valid document
Bank Statement: for the latest 6 months.

For self-employed:

Identity Proof: Voters ID card, Passport copy, PAN Card, Driving License
Income Proof: Latest ITR proof
Address Proof: Ration card / Driving license / Telephone Bill / Electricity Bill / Voters card / Passport Copy / Life Insurance Policy /PAN Card or any other valid document
Bank Statement: for the latest 6 months.

Car Loan Rajamundry Eligibility Criteria

The car loan eligibility requirements are as followed:

For salaried:

Minimum age: 21 years
Maximum age at loan maturity: 60 years
Minimum employment: 1 year in prevailing employment and a minimum of 2 years of profession
Minimum Annual Income: Rs 100000 exclusive annual salary

For self-employed:

Minimum age: 30 years
Maximum age at loan maturity: 65 years
Minimum employment: at shortest 3 years in the enterprise
Minimum Annual Income: For Salaried Rs 100000 net annual income / For Self- Employed Net profit Rs. 60000 p.a for normal cars and Rs.100000 p.a. for mid-sized and select cars

Car Loan for Major Car Manufacturers in Rajamundry

TABLE WILL APPEAR

Apply for a Car Loan

Processing Fees & Prepayment Charges on Car Loan Rajamundry

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
Prepayment Charges	>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 Rajamundry

The CIBIL score is the score that determines your capacity to pay off your credits. A more powerful Credit score indicates you have a good credit history and makes your administration process smooth and easy to be accepted. Usually, banks and NBFCs require a credit score of 750 and above to approve any loan application process in Rajamundry. This average requirement may change from bank to bank. But in case a CIBIL score is less than the needed value you may be required to pay a high rate interest rate to avail the loan.

Other than that, the details of the previous loan are verified by the organization. Any delays in the last loan can lead to a barrier in availing of a new car loan in Rajamundry.

Car Loan Rajamundry Contact Number

In case of any queries regarding the car loan in Rajamundry, you may contact the number 9878981166 for any sort of assistance.

Pre Calculated EMI Table for Car Loan Rajamundry

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

Apply for a Car Loan

About Rajamundry

Rajamundry is a town in the Indian state of Andhra Pradesh. The center is located on the ledges of River Godavari in the East Godavari district of the state. The city is the 7th most populated city in the state. Throughout British rule, the District of Rajahmundry was built in the Madras Presidency in 1823.

Car Loan In Other Cities

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