Car Loan Tumkur

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Car Loan Tumkur

Best Banks for Car Loan in Tumkur

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 Tumkur Features

Car Loan TumkurWant 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

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
1%
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 Tumkur 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.

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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 Tumkur

TABLE WILL APPEAR

Processing Fees & Prepayment Charges on Car Loan Tumkur

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 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.

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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

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 Tumkur

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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