Car Loan Tiptur

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Car Loan Tiptur

Best Banks for Car Loan in Tiptur

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 Tiptur Features

car loan tiptur

Tiptur is a beautiful village, and you might feel the need to have your personal vehicle to visit all the tourist spots freely. However, paying for it in its entirety out of one’s own pocket isn’t always a viable option. This is where car loans help you. With a car loan, you just have to pay a small fraction of the amount in the form of down payment, and you can pay the rest in the form of Equated Monthly Payments or EMIs.

The features of car loans in Tiptur are as follows:

  • Car loans are available at low-interest rates
  • Almost all major banks and NBFCs offer car loans in Tiptur making it easier for you to compare
  • The documentation process is quick and hassle-free with the Dialabank website.
  • Car loans are easily available through DialaBank, and sometimes get approved on the same day itself.

Car Loan Tiptur 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 Tiptur Documents Required

Documents required for car loan are as followed:

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.

Car Loan Tiptur Eligibility Criteria

The car loan eligibility requirements are as followed:

car loan tiptur

You should be at least 21 years of age to apply for a car loan. The maximum age of a person should be 65 years at the time of maturity of the loan.

For Salaried: You should be having a minimum of 2 years of employment and you should be working for at least 1 year in your current employment. The minimum annual salary required is Rs. 100000 as net annual income.

For Self Employed: You should be in the business for at least 3 years. A net profit of at least Rs. 60000 p.a. should be there for standard cars and Rs. 100000 p.a. for mid-sized and premium cars.

Car Loan for Major Car Manufacturers in Tiptur

TABLE WILL APPEAR

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Processing Fees & Prepayment Charges on Car Loan Tiptur

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 Tiptur

The CIBIL score is referred to as your ability to pay off your credits. A higher Credit score means good credit history and makes your car loan application process smooth and facile, while a lower score can charge you higher interest rates.

There are many ways to build your credit score, such as by applying for a credit card and taking short term loans from the bank and paying them on time. You can also show the papers of any rented utilities under your name, such as your apartment, to show that you are punctual in your payments.

Mostly, banks and NBFCs consider a credit score of 750 and above as a good score to approve your loan application process in Tiptur. This score may again vary from bank to bank.

Car Loan Tiptur Contact Number

In case of queries regarding the Car Loan in Tiptur, you may contact the number 9878981166 for the best guidance!

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Pre Calculated EMI Table for Car Loan Tiptur

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

About Tiptur

Tiptur is located in Karnataka. Its population is around 60000. It is blessed with many tourist spots like the beautiful Ikkeri with its nature, the grand Sri Chowdeshwari Temple, the Ishwara temple and the Aghoreshwara temple.

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