Car Loan Tirupati

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Car Loan Tirupati

Best Banks for Car Loan in Tirupati

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 Tirupati Features

Car loan tirupatiA car loan is financial help that banks and NBFC provide to fulfill your dream of having your desired car. They provide all the necessary financing to buy a car that can be on the car’s Ex-Showroom Price or On-Road Price. A Car loan is a secure loan with convenient options for repayments. The amount of the loan is offered at interest charges that vary from bank to bank. In easy installments, one can pay for the vehicle.

Car Loan Tirupati Interest Rate

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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 Tirupati Documents Required

Documents required for car loan are as followed:

For Salaried Employee

  1. Identity Proof: Provide any ID like Passport copy, PAN Card, Voters ID card, Driving License
  2. Income Proof: It is  compulsory to provide the latest 3-month salary slip with form 16
  3. Address Proof: Permanent address proof like Ration card / Driving license / Voters card / Passport Copy / Telephone Bill / Electricity Bill / Life Insurance Policy /PAN Card
  4. Bank Statement: The last six months’ statement to be submitted.

For Self-Employed

  1. Identity Proof: Provide any ID like Passport copy, PAN Card, Voters ID card, Driving License
  2. Income Proof: Latest ITR proof
  3. Address Proof: Permanent address proof like Ration card / Driving license / Voters card / Passport Copy / Telephone Bill / Electricity Bill / Life Insurance Policy /PAN Card
  4. Bank Statement: The last six months’ statement to be submitted.

Car Loan Tirupati Eligibility Criteria

The car loan eligibility requirements are as followed:

For Salaried Employee

  1. The minimum age requirements are 21 years.
  2. The applicants should not be more than 60 and 65 years at the time of completion of tenure
  3. The individuals should possess a minimum of 1-year experience in current employment and a minimum of 2 years of employment from the past
  4. Minimum Annual Income: For such applicants Rs 100000 net annual income
  5. Usually getting a car loan is easier when the applicant possesses a CIBIL score of 750 and above which is an essential factor required for the loan approval in Tirupati.

For Self Employed

  1. The minimum age requirements are 30 years in case of a self-employed
  2. The applicants should not be more than 60 and 65 years at the time of the completion of the loan tenure.
  3.  At least 3 years in operating business
  4. Minimum Annual Income: Net profit Rs. 60000 p.a for standard cars and Rs.100000 p.a. for best mid-sized and premium cars
  5. Usually getting a car loan is easier when the applicant possesses a CIBIL score of 750 and above which is an essential factor required for the loan approval in Tirupati.

Car Loan for Major Car Manufacturers in Tirupati

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TABLE WILL APPEAR

Processing Fees & Prepayment Charges on Car Loan Tirupati

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 Tirupati

Each lending institution has its requirements for the minimum CIBIL score needed to process the Car Loan Tirupati application in Tenali to reduce the risk of lending to you and also if your CIBIL score is low you get a high-interest rate than others. Most institutions require a minimum CIBIL score of 750 or above to process your application for a loan.

The institutions don’t just look at the overall score but also the detailed behavior on the previous loans taken. This includes details on the type of loan taken and the amount borrowed. Any delayed payments for previous loans can act as a barrier to your availing a fresh loan.

Car Loan Tirupati Contact Number

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You can get a car loan Tirupati easily from dialabank by contacting the number 9878981166 to get assistance or visit our website Dialabank.

Pre Calculated EMI Table for Car Loan Tirupati

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 Tirupati

Tirupati is a city in the Indian state of Andhra Pradesh. Its Sri Venkateswara Temple sits atop one of the 7 peaks of Tirumala Hills, attracting thousands of Hindu pilgrims. Sri Venkateswara National Park, home to the temple, additionally incorporates the Sri Venkateswara Zoological Park with lions and primates. nearby, after a waterfall and cave believed to be sacred, Sri Kapileswara Swamy Temple is devoted to Lord Shiva.

As per the Census India 2011, Tirupati has a population of 1,177,361.

Car Loan EMI Calculator

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Car loan EMI can be calculated by the 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 this loan amount borrowed. Based on the profile, the interest rate on the loan is determined. EMI is calculated based on the car loan 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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