Car Loan Vinukonda

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Car Loan Vinukonda

Best Banks for Car Loan in Vinukonda

Private Bank
Kotak Mahindra Bank
Interest Rate (p.a.)
7.35% - 7.95 %
8.5 - 9.5 %
Min Loan Amt
Metro : 1 Lac & Non Metro: 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
Loan to Value (LTV)
Upto 100% on Ex- showroom
Upto 95% on Ex- showroom
Upto 90% on Ex- showroom

Car Loan Vinukonda Features

Purchasing a brand new luxury car is no more an extraordinary task. Don’t worry even if you’re running short on cash. All the leading finance institutions provide Car Loans that enable an individual to possess the car of their choice without any chaos. Another product offered by the lenders is the used car loans which make it easier for an individual to buy a preowned or a used car which they might not be able to bear the first-hand cost.

Online car loans are an appropriate and fitting way to finance your car in no time. The eligibility criteria are also not much stringent as compared to other types of loans.

Visit Dialabank and get yours now.

Car Loan Vinukonda 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
Private 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

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Car Loan Vinukonda Documents Required

Documents required for car loan are as followed:

 For Salaried Employee

  1. Proof of identity can include Aadhar Card/ Driving License/ Passport Copy, etc.
  2. Proof of income can include previous 3 months bank statements and salary slips for a salaried individual
  3. Residential proof can include Water Bill/ Telephone bill/ Voter ID/ Passport Copy
  4. Recent passport size photographs-2 are obligatory

For Self-Employed

  1. Proof of identity such as Aadhar Card/ Driving License/ Passport Copy, etc.
  2.  Recent ITR files for a self-employed individual
  3. Residential proof such as Water Bill/ Telephone bill/ Voter ID/ Passport Copy
  4. Recent passport size photographs-2 are mandatory.

Car Loan Vinukonda Eligibility Criteria

The car loan eligibility requirements are as followed:

For Salaried Employee

  1. An applicant should belong to an age group between 21 to 65 years of age
  2. A salaried employee must be working in the current company for a minimum of 1 year in Vinukonda
  3. An employed individual should earn a minimum salary of Rs 25000 every month.

For Self- Employed

  1. An applicant should belong to an age group between 21 to 65 years of age
  2. A Self-employed individual must have their business running from at least the last three years in Vinukonda
  3. Minimum Annual Income before availing of a loan: Net profit Rs. 60000 p.a for standard cars and Rs.100000 per annum for mid-sized and premium cars

Car Loan for Major Manufacturers in Vinukonda

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Processing Fees & Prepayment Charges on Car Loan Vinukonda 

Category Details
Processing Charges
1999 - 4999 + Tax
No prepayment is allowed until 12 EMIs are paid
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 Vinukonda 

CIBIL score shows the credit borrow and repayment behavior of a borrower. Thus, the banks have a minimum CIBIL score requirement based on which the loan is approved. Generally, if an individual has a score above 800 then they are eligible for availing a car loan at an on-road price.

It is necessary that one should clear all the pending dues and debts in order to maintain a good credit score. Default in your credit score may hinder your opportunities for availing a fresh a loan in the future.

Car Loan Vinukonda Contact Number

Apply for a Car Loan

To get an instant car loan you can visit our website Dialabank or call on 9878981166 to get the best assistance. Our executives are well trained and will assist you in order to provide you with a deal most suited for you.

Pre Calculated EMI Table for Car Loan Vinukonda

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

You can calculate your EMI here: Car Loan EMI Calculator

About Vinukonda

Vinukonda is a town in the Guntur district of the Indian state of Andhra Pradesh. It is a municipality and the headquarters of Vinukonda mandal and administered under Narasaraopet revenue division. Telugu is the official language used in Vinukonda. This town has a population over 60000.

Special Note: Banks do not provide Car Loans to applicants with poor credit history, but one can fulfill their money requirement with Gold Loan easily.

Car Loan EMI Calculator

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