Car Loan Tenali

Best Banks for Car Loan in Tenali

Feature
HDFC Bank
ICICI 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 Tenali Features

car loan tenali

Nowadays car loan is not very difficult to get and is not a luxury anymore like it used to be a decade ago, today everyone wants to have a car, and this process is made simple by dialabank by bringing you the best car deals online at a single platform for you to compare, analyze and apply for car loan online without having to worry about them more. You can get car loan tenali at the earliest and with a very pleasing service that you will not forget only with dialabank.

Car Loan Tenali 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

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Car Loan Tenali Documents Required

Documents required for car loan are as followed:

For Salaried Employees

  1. Passport copy, PAN Card, Voters ID card, Driving License is required as an identity proof.
  2. The latest 3-month salary slip with form 16 of the applicant is required as income proof .
  3. Ration card/Driving license/Voters card/Electricity Bill/Life Insurance Policy/Passport Copy/Telephone Bill/PAN Card of the applicant for address proof
  4. The Last 6 months bank statement of the applicant is needed by the bank.

For Self Employed

  1. Passport copy, PAN Card, Voters ID card, Driving License is required as an identity proof.
  2. Latest Income Tax Report of the applicant of Tenali.
  3. Ration card/Driving license/Voters card/Electricity Bill/Life Insurance Policy/Passport Copy/Telephone Bill/PAN Card of the applicant for address proof
  4. Last 6 months bank statement of the applicant is needed by the bank.

Car Loan Tenali Eligibility Criteria

The car loan eligibility requirements are as followed:

For Salaried Employees

  1. Minimum Annual Income: Rs 100000 net annual income is required by the banks..
  2. Minimum age: 21 years old is required by the banks.
  3. Maximum age at loan maturity: 65 years old is required by the banks.
  4. Minimum employment:– 1 year in current employment and a minimum of 2 years of employment is required by the banks.s.

For Self Employed

  1. Minimum Annual Income: Net profit Rs. 60000 p.a for standard cars and Rs.100000 per annum for mid-sized and premium cars are required by the banks.
  2. Minimum age: 21 years old is required by the banks.
  3. Maximum age at loan maturity: 65 years old is required by the banks.
  4. Minimum employment:  at least 3 years in business is required by the banks.

Car loan for Major Car Manufacturers in tenali

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TABLE WILL APPEAR

Processing Fees & Prepayment Charges on Car Loan Tenali

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 Tenali

CIBIL score of 750 and above is required to get loan faster without any hassle and also at a lower rate of interest else you have to pay a high rate of interest.

Car Loan Tenali Contact Number

Apply for a Car Loan

You can get a car loan Tenali easily from dialabank by contacting the number 9878981166. Or you can simply visit our website at Dialabank.

Pre Calculated EMI Table for Car Loan Tenali

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 Tenali

Tenali is a city in the Guntur district of the Indian state of Andhra Pradesh. It is a municipality and the headquarters of the Tenali Mandal and Tenali revenue division. The city is renowned for art, cultural, drama and hence, it is often referred with the nickname as Andhra Paris

Car Loan EMI Calculator

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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.

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