Car Loan Shimoga

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Rates as low as 8.50%*
Up to 100% Funding
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Best Banks for Car Loan in Shimoga

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 Shimoga Features

car loan shimoga

A car loan which as once a luxury for Indians is now available at an affordable interest rate and tenure which is only provided to you by India’s first financial online service dialabank and you can get a car loan at the best service and also the fastest service to get a loan and also you can get more offers on car loan either you apply for an ex-showroom price of the loan or on-road price of the loan.

Car Loan Shimoga 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 Shimoga Documents Required

  1. Identity Proof: Passport copy, PAN Card, Voters ID card, Driving License for a car loan Shimoga
  2. Income ProofFor Salaried– Latest 3-month salary slip with form 16 for a car loan Shimoga
  3.  For Self Employed- Latest Income Tax Report for a car loan Shimoga
  4. Address Proof: Ration card/Driving license/Voters card/Passport Copy/Telephone Bill/Electricity Bill/Life Insurance Policy/PAN Card for a car loan Shimoga
  5. Bank Statement: Last 6 months bank statement for a car loan Shimoga

Car Loan Shimoga Eligibility Criteria

  1. Minimum age: 21 years old of the applicant for a car loan Shimoga
  2. Maximum age at loan maturity: 65 years old of the applicant for a car loan Shimoga
  3. Minimum employment: For Salaried- 1 year in current employment and a minimum of 2 years of employment of the applicant for a car loan Shimoga
  4. For Self Employed– at least 3 years in the business of the applicant for a car loan Shimoga
  5. Minimum Annual Income: For Salaried Rs 100000 net annual income of the applicant for a car loan Shimoga
  6. For Self- Employed Net profit Rs. 60000 p.a for standard cars and Rs.100000 per annum for mid-sized and premium cars of the applicant for a car loan Shimoga

How to Apply for Car Loan in Shimoga?

  1. Visit the best online financial service provider website www.dialabank.com from your browser.
  2. Go to the loan section on the page and click on the car loan link on top.
  3. The applicant will be directed to fill the details of himself.
  4. Upload all the documents
  5. Get a call on verification or, you may call on 9878981166.

Processing Fees & Prepayment Charges on Car Loan Shimoga

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 Shimoga

Do not default on your EMIs or dues, or debt or any other payments to maintain your CIBIL score as good because if you do so then you will have to pay a higher rate of interest on the loan or you may not even get the loan.

Car Loan Shimoga Contact Number

You can get a car loan Shimoga easily from dialabank by contacting the number 9878981166.

Pre Calculated EMI Table for Car Loan Shimoga

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

About Shimoga

Shimoga (Shivamogga) is a city in Karnataka state, southwest India. Shivappa Nayaka Palace Museum has 16th- to 18th-century stone carvings displayed on its lawns. Nearby is the huge, modern Sacred Heart Cathedral. Mandagadde Bird Sanctuary is home to species such as egrets and cormorants. The Bhadra Wildlife Sanctuary shelters elephants, tigers, and panthers. Northwest of Shimoga is the powerful, towering Jog Falls.

Car Loan EMI Calculator

Car loan EMI can be calculated by Car loan EMI Calculator provided by Dialabank. It is free to use and you can use it an infinite number of times. Equated Monthly Installments(EMI) is the monthly fixed charges that you pay to the bank as monthly repayment for the loan amount borrowed. Based on the profile, the interest rate on the loan is determined. EMI is calculated based on the Interest Rate you are charged by the bank and the amount of loan you have to take and the period for which you enjoy the car loan.

Get a car loan from HDFC bank

Get a car loan from AXIS bank

Get a car loan from ICICI bank

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