Car Loan Vijayawada

I have read the Privacy Policy & Agree to Terms & Conditions and authorize Dialabank & its partner institutions to Call or SMS me with reference to my application.

Buy your dream Car

Rates as low as 7.35%*
Up to 100% Funding
Doorstep Service
Hassle-free Disbursal
Unbiased Experts Advice

Best Banks for Car Loan in Vijayawada

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 Vijayawada Features

Car loan VijaywadaA car loan is a financial assistance and aid provided by banks and NBFC’s in the city to individuals to aid them in fulfilling their dream of having their own car.

A car loan provides the necessary funding required by you according to your eligibility for purchasing a car which can be on Ex-Showroom Price or On-Road Price of the car.

Car Loan is a secured form of a loan with easy repayment options and low-interest rates EMI options are available for car loans in Vijayawada.

Car Loan Vijayawada Documents Required

For Salaried Individuals:

  1. Identity Proof: Passport copy, PAN Card, Voters ID card, Driving License
  2. Income Proof: Latest 3-month salary slip with form 16
  3. Address Proof: Telephone Bill / Electricity Bill / Life Insurance Policy /PAN Card/ Ration card / Driving license / Voters card / Passport Copy
  4. Bank Statement: Last 6 months.

For Self Employed Individuals:

  1. Identity Proof: Passport copy, PAN Card, Voters ID card, Driving License
  2. Income Proof: Latest Income Tax Return
  3. Address Proof: Passport Copy / Telephone Bill / Electricity Bill / Life Insurance Policy / Ration card / Driving license / Voters card / PAN Card
  4. Bank Statement: Last 6 months.
Apply for a Car Loan

Car Loan Vijayawada Eligibility Criteria

The car loan eligibility requirements are as followed in Vijayawada:

For Salaried Individuals:

  1. Minimum age: 21 years
  2. Minimum employment:  1 year in the current place of work and 2 years of total employment.
  3. Minimum Annual Income: Rs 100000 net annual income.
  4. Maximum age at loan maturity: 65 years

For Self Employed Individuals:

  1. Minimum age: 21 years
  2. Maximum age at loan maturity: 65 years
  3. Minimum employment: A minimum of 3 years in business.
  4. Minimum Annual Income: Net profit of Rs. 60000 p.a for standard cars and Rs.100000 p.a. for mid-sized and premium cars

How to Apply for Car Loan in Vijayawada?

Availing a car loan Vijayawada is an easy process with Dialabank. Just follow some steps to avail the best offers:

  • Visit our website and click on the car loan option available on the menu. Fill in the details regarding the car type and your income. Our relationship manager will soon get in touch with you on your provided number.
  • You may also contact our relationship managers on the number +919878981166 in case of any queries regarding the loan.
  • For availing a car loan offline you will have to visit the branch personally, which might turn hectic for you. So we advise you to do it online!

Car Loan for Major Car Manufacturers in Vijayawada

TABLE WILL APPEAR

Processing Fees & Prepayment Charges on Car Loan Vijayawada

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 Vijayawada

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 easy.

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

In case of a low CIBIL score than the required value, you will be required to pay a high rate interest rate on the loan amount. Thus, a CIBIL score is an important factor in a car loan.

Apply for a Car Loan

Car Loan Vijayawada Contact Number

Dial us up at +919878981166 to get more information about car loans at Vijayawada and we will give you the best advice to help you fulfill your dream easily, quickly and efficiently.

Pre Calculated EMI Table for Car Loan Vijayawada

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 Vijayawada

Vijayawada is a city or place in the southeast Indian state of Andhra Pradesh. It’s also known for the ornate Kanaka Durga Temple, which sits atop a hill overlooking the city. The Undavalli Caves feature ancient rock-cut temples, carved out of a sandstone hillside, and also adorned with elaborate statues. There is also massive Prakasam Barrage stretches all across the Krishna River. also Nearby is Bhavani Island, with forests and waterfront beautiful gardens.

Apply for a Car Loan

Car Loan EMI Calculator

You may also check the car loan EMI calculator available on our website.

Car Loan for Other Cities in Andhra Pradesh

Car Loan Srikakulam Car Loan Poranki
Car Loan Rajamundry Car Loan Ponnur
Car Loan Rajahmundry Car Loan Pithapuram
Car Loan Puttaparthi Car Loan Peddapuram

 

Menu