Best Banks for Car Loan in Wayanad
Car Loan Wayanad Features
Want to own a car but don’t have enough funds for the same? Worry not! A car loan might just fulfil your funds need. Car Loan is a secured loan with easy repayment options available in the form of EMIs for the applicants in the form of monthly instalments.
The loan amount is offered on Interest rates, which differ from one bank to another bank. You can avail a car loan in Wayanad for purchasing a new car as well as a used car, as per your needs. The car loan requirements and criteria vary from one lender to another. So if you are thinking of purchasing your dream car, get an instant Car loan Wayanad with DialaBank at best offers available across several lenders.
Car Loan Wayanad 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 Wayanad 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 Wayanad 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 WayanadTABLE WILL APPEAR
Processing Fees & Prepayment Charges on Car Loan Wayanad
Cheque Bounce Chgs
Floating Rate of Interest
Overdue EMI Interest
Amortisation Schedule Chgs
Rs 200 + GST
CIBIL Score Required for Car Loan in Wayanad
CIBIL score is a credit score that describes your creditworthiness of the past payments made of loans. So, it is an important factor to consider while availing or applying for a car loan in Wayanad. The CIBIL score required for car loans may keep varying from one lender to another and also from time to time depending on their own requirements. Most banks and NBFCs require a CIBIL score of 750 and above to process your car loan application in Wayanad. In case of a low CIBIL score, you might be required to pay quite a heavy interest rate on the total loan amount because of the low credibility.
Car Loan Wayanad Contact Number
For any queries regarding the car loan in Wayanad, you may contact on the number 9878981166.
Pre Calculated EMI Table for Car Loan Wayanad
Car Loan EMI Calculator
Wayanad is a rural district situated in the Kerala state, southwest India. In the east, the Wayanad Wildlife Sanctuary is a lush, forested region with areas of high altitude, home to animals including Asiatic elephants, tigers, leopards and egrets.
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