Car Loan Shimoga

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Car Loan Shimoga

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 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

Car Loan Shimoga Documents Required

Documents required for car loan are as followed:

For salaried:

  • Identity Proof: Passport copy, PAN Card, Voters ID card, Driving License for a car loan Shimoga
  • Income Proof: Latest 3-month salary slip with form 16 for a car loan Shimoga
  • Address Proof: Ration card/Driving license/Voters card/Passport Copy/Telephone Bill/Electricity Bill/Life Insurance Policy/PAN Card for a car loan Shimoga
  • Bank Statement: Last 6 months bank statement for a car loan Shimoga

For self-employed:

  • Identity Proof: Passport copy, PAN Card, Voters ID card, Driving License for a car loan Shimoga
  • Income Proof: Latest Income Tax Report for a car loan Shimoga
  • Address Proof: Ration card/Driving license/Voters card/Passport Copy/Telephone Bill/Electricity Bill/Life Insurance Policy/PAN Card for a car loan Shimoga
  • Bank Statement: Last 6 months bank statement for a car loan ShimogaApply for a Car Loan

Car Loan Shimoga Eligibility Criteria

The car loan eligibility requirements are as followed in Shimoga:

For salaried:

  • Minimum age: 21 years old of the applicant for a car loan Shimoga
  • Maximum age at loan maturity: 65 years old of the applicant for a car loan Shimoga
  • Minimum employment:  1 year in current employment and a minimum of 2 years of employment of the applicant for a car loan Shimoga
  • Minimum Annual Income: Rs 100000 net annual income of the applicant for a car loan Shimoga

For self-employed:

  • Minimum age: 21 years old of the applicant for a car loan Shimoga
  • Maximum age at loan maturity: 65 years old of the applicant for a car loan Shimoga
  • Minimum employment:  at least 3 years in the business of the applicant for a car loan Shimoga
  • Minimum Annual Income: 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

Car Loan for Major Car Manufacturers in Shimoga

TABLE WILL APPEAR

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

Apply for a Car Loan

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

Car Loan EMI Calculator

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