Best Banks for Car Loan in Tumkur
Car Loan Tumkur Features
Want to purchase a brand new car? But don’t have the necessary funds for it? Don’t worry! DialaBank provides a car loan for you. A car loan is a means of funding or financial help provided by banks and NBFCs to applicants having some income at an affordable rate of interest to aid them in buying a car of their choice. Since cars have now become a necessity for everyone in this fast-moving world, the cost of cars is also growing rapidly. This is where a car loan comes into play and fulfills your desire to be the owner of a luxurious car of your preference. The main features of a car loan in Tumkur are:
- Car loans are available at affordable and best interest rates
- Almost all major banks and NBFCs offer car loans in Tumkur
- The documentation process is quick and hassle-free
- Car loans are easily available through DialaBank
Car Loan Tumkur Interest Rate
HDFC Bank Car Loan
(1999 - 4999) + Tax
Axis Bank Car Loan
1 % to 2.50%
Private Bank Car Loan
0.25% to 1.50%
SBI Car Loan
500/- to 0.50%
Kotak Car Loan
1% to 2%
IIFL Car Loan
Muthoot Car Loan
Manappauram Car Loan
PNB Car Loan
0.70% to 1%
Canara Bank Car Loan
Andhra Bank Car Loan
To check Car Loan Interest Rate for all major banks you can visit: Car Loan Interest Rates
Car Loan Tumkur Documents Required
Documents required for car loan are as followed:
For Salaried Individuals:
- Proof of Identification: Passport copy, PAN Card, Voters ID card, Driving License
- Income Proof: Latest 3-month salary slip with form 16
- Residence Proof: Ration card / Driving license / Voters card / Passport Copy / Telephone Bill / Electricity Bill / Life Insurance Policy /PAN Card
- Bank Statement: Last 6 months.
For Self Employed Individuals:
- Identification Proof: Passport copy, PAN Card, Voters ID card, Driving License
- Income Proof: Latest ITR
- Address Proof(anyone): Ration card/ Driving license / Voters card / Passport Copy / Telephone Bill / Electricity Bill / Life Insurance Policy /PAN Card
- Bank Statement: Last 6 months.
Car Loan Tumkur Eligibility Criteria
To obtain the loan amount, a person must meet the Eligibility criteria for car loan.
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 TumkurTABLE WILL APPEAR
Processing Fees & Prepayment Charges on Car Loan Tumkur
Cheque Bounce Chgs
Floating Rate of Interest
Overdue EMI Interest
Amortisation Schedule Chgs
Rs 200 + GST
CIBIL Score Required for Car Loan in Tumkur
The Cibil score is what defines your ability to repay off your credit dues. A higher Credit score means that you have a good credit history and make your application process instant acceptable and hassle-free to be processed. Usually, all the banks and NBFCs require a credit score of 750 and above to approve your loan application process in Tumkur. This score may also vary from bank to bank as per their own regulations. In case a CIBIL score is less than the required value by the banks you will be required to pay a high rate interest rate on the loan amount.
Car Loan Tumkur Contact Number
In case of any queries regarding the car loan Tumkur, you may contact on the number 9878981166 for any sort of assistance.
Pre Calculated EMI Table for Car Loan Tumkur
Car Loan EMI Calculator
Tumkur is one of the famous industrial cities or areas located in the state of Karnataka, also called as Shaikshanika Nagari and Kalpatharu Nadu. Since 28 August 2010, Tumkur has been awarded the status of a City Corporation. It is situated at a distance of 70 km nearly northwest of Bangalore, alongside National Highway NH-4 and NH-206
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