Best Banks for Car Loan in Udipi
Car Loan Udipi Features
If you are a resident of Udipi, you can easily apply for a car loan to various banks and NBFCs at flexible tenures, for both brand new ones and second-hand cars, and for both ex-showroom and on-road prices. Loans are offered at attractive interest rates, making it convenient for you to fulfill your dream of having your own car. Loans vary according to the model and type of car you wish to purchase, so make sure you choose the right bank as well as the right car dealer. You can also get access to features such as:
- Low-interest rates, which may vary from bank to bank
- Car loans in Udipi are offered by almost all major banks and NBFCs in the city.
- The documentation process is quick, efficient and hassle-free
- Car loans are easily available through DialaBank
Car Loan Udipi Interest Rate
Bank
Processing Fee
HDFC Bank Car Loan
(1999 - 4999) + Tax
Axis Bank Car Loan
1 % to 2.50%
Nil
Private Bank Car Loan
0.25% to 1.50%
SBI Car Loan
500/- to 0.50%
Nil
Kotak Car Loan
1% to 2%
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 Udipi Documents Required
Documents required to avail of a car loan :
For salaried:
- Identity Proof: Documents such as your Passport copy, PAN Card, Voters ID card, Driving License will be required.
- Income Proof: For Salaried the latest 3-month salary slip with form 16
- Address Proof: Ration card / Driving license / Voters card / Passport Copy / Telephone Bill / Electricity Bill / Life Insurance Policy /PAN Card
- Bank Statement: from the last 6 months will be required.
For self-employed:
- Identity Proof: Documents such as your Passport copy, PAN Card, Voters ID card, Driving License will be required.
- Income Proof: the latest ITR will be required.
- Address Proof: Ration card / Driving license / Voters card / Passport Copy / Telephone Bill / Electricity Bill / Life Insurance Policy /PAN Card
- Bank Statement: from the last 6 months will be required.
Car Loan Udipi Eligibility Criteria
The car loan eligibility requirements are as followed in Udipi:
For salaried:
- The Minimum age requirement is 21 years
- The Maximum age at loan maturity should be 65 years
- The Minimum employment term for a Salaried employee is 1 year in current employment and a minimum of 2 years of total employment
- The Minimum Annual Income for a Salaried employee is Rs 100000 net annual income
For self-employed:
- The Minimum age requirement is 21 years
- The Maximum age at loan maturity should be 65 years
- The Minimum employment term for Self Employed is at least 3 years in business
- The net profit is Rs. 60000 p.a for standard cars and Rs.100000 p.a. for mid-sized and premium cars
Car Loan for Major Car Manufacturers in Udipi
TABLE WILL APPEAR
Processing Fees & Prepayment Charges on Car Loan Udipi
Category
Details
Processing Charges
Prepayment
Preclosure
Stamp Duty
Cheque Bounce Chgs
Floating Rate of Interest
Not Applicable
Overdue EMI Interest
Amortisation Schedule Chgs
Rs 200 + GST
CIBIL Score Required for Car Loan in Udipi
The Cibil score is referred to as your ability to pay off your credits efficiently.
While 650 is considered as a ‘fair’ score, it comes close to a poor rating. It is advisable to have a score of 750 and above to get your loan sanctioned easily. This score depends on your credit history and is negatively impacted if you fail to pay your EMIs. This score may again vary from bank to bank
Car Loan Udipi Contact Number
Dial-up at 9878981166 to contact us for more information to get the best car loan advice!
Pre Calculated EMI Table for Car Loan Udipi
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
Other Cities For Car Loan In Karnataka
Car Loan Mangalore | Car Loan Koppal |
Car Loan Mandya | Car Loan Kolar |
Car Loan Madikeri | Car Loan Karwar |
Car Loan Kumta | Car Loan Kanakapura |