Car Loan Zinkibhadra

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Car Loan Zinkibhadra

Best Banks for Car Loan in Zinkibhadra

Feature HDFC Bank ICICI Bank
Kotak Mahindra Bank
Interest Rate (p.a.) 7.35 % - 7.95 % 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

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Car Loan Zinkibhadra Features

A car loan is a financial assistance provided by various banks and NBFCs to purchase an automobile. Banks offer the required finance to purchase a vehicle, which might be at the Ex-Showroom or On-Road price of the vehicle. Moreover, they provided the lowest interest rates and the shortest paperwork procedure.

Why waste money on a cab in this fast-paced world when you may have your own car? So here’s a vehicle loan to help you get rid of all your automobile ties. A loan is a financing option for those who want to buy an automobile. A car loan allows the customer to pay for the automobile rather than spend it all at once. The documentation process necessitates a charge reduction procedure.

Loan Approval in 30 Minutes
Lowest Rate of Interest
Up to 100% on Road Loan
Minimum Documentation
Paperless Process
Flexible Repayment
Zero Foreclosure
24 x 7 Online Payment Facility
No Hidden Charges

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Car Loan Zinkibhadra

Car Loan Zinkibhadra Eligibility Criteria

Salaried Individual
Age – 21 years to 60 years
Net Monthly Income – Minimum ₹ 20,000
Employment Duration – 1-year minimum
Income Eligibility – Based on Form 16 and salary slip
Self-Employed Individuals
Age – 21-65 years of age
Minimum ITR – Rs.2 lakh
Employment Duration – Minimum 3 years
Income Eligibility – Depends on the latest Income Tax Returns
Self-Employed Non-Individuals (Company/Partnership)
Minimum ITR – Rs. 2 lakh
Employment Duration – 3 years minimum
The applicant has to present IT returns and audited financials of 2 years with Calculated Income.
Priority Customers
At least 6-month vintage
Average Quarterly Balance – 2 quarters balance at a minimum of Rs.1 lakh
Maximum Loan Amount – 3 times the Average Quarterly Balance of the last 2 Quarters

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Car Loan Zinkibhadra EMI Calculator

Car Loan Zinkibhadra Fees & Charges

Charges New Car Loan Used Car Loan
Interest Rate

7.35% per annum

11.80% p.a. to 13.80% p.a.
Car loan Processing fees 0.5% 0.5%
Issuance of Duplicate Repayment Schedule Charges Around Rs.500 Around Rs.500
Foreclosure Charges 0.06 0.06
Penal Interest 2% PM 2% PM
Car loan Part Payment charges 6% of the amount 6% of the amount
Cheque/Instrument Swap Charge Around Rs.500 Around Rs.500
Documentation Charge Around Rs. 500 Around Rs. 500
Issuance of Duplicate No Dues Certificate Charges Around Rs. 500 Around Rs. 500
Registration Certification Collection Charge Around Rs. 200 Around Rs. 200
Cheque Bounce/Instrument Return Charges Around Rs. 500 Around Rs. 500
Issuance of Duplicate Statement Charges Around Rs. 500 Around Rs. 500
Loan Cancellation/Re-booking Charges Around Rs. 1000 Around Rs. 1000
Issuance of Credit Report Around Rs. 50 Around Rs. 50

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Car Loan Zinkibhadra Fees and Charges: Leading Banks – Jul 01 2022

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 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 Zinkibhadra Documents Required

Salaried Individual

Documents Required
Identity Proof (Any 1) Passport
Voter ID
Aadhar Card
Driving License
Address Proof (Any 1) Aadhar Card
Driving License
Electricity Bill
Date of Birth Proof(Any 1)
Birth Certificate
High School Marksheet
Driving Licence
Signature Proof(Any 1)
Bankers Verification
Income Proof
Salary Slip and latest Form No.16
Bank Statement
Last 6 month Bank statement
Employment Continuity Proof
Job card by NREGA
ITR of Form no. 16
Salary Slip mentioned with joining date
Letter of Appointment


Self-Employed Individuals

Documents Required
Identity Proof (Any 1) PAN Card
Voter ID
Aadhar Card
Address Proof (Any 1) PAN Card
Voter ID
Electricity Bill
Date of Birth Proof (Any 1) Birth Certificate
Driving Licence
Signature Proof (Any 1)
Bankers Verification
Bank Statement
Bank statement of last 6 months
Employment Continuity Proof
Latest ITRs
Shop & Establishment Act Certificate
Shop & Establishment Act Certificate
Sales Tax or VAT Certificate
Business Proof
Registration Certificate
Telephone Bill/Electricity Bill
Shop & Establishment Act Certificate
SSI or MSME Registration Certificate


Self-Employed Non-Individuals:

1. Partnership Firms/Societies

Documents Required
Identity Proof (Any 1) Driving Licence
PAN Card
Aadhar Card
Address Proof (Any 1)
Electricity Bill/Telephone Bill
Aadhar Card
Driving License
Voter ID
Income Proof
Audited Balance Sheet
P&L Account
ITR for the previous 2 years
Bank Statement Last 6 month
Business Continuity Proof
Company ITR of the last 2 years
Audited Balance Sheet
TAX registration Certificate
Current Account Statement
Additional documents
Letter of Authority or PAN Card


2. Private Limited/Limited Companies

Documents Required
Identity Proof
The latest copy of MOA and AOA
Copy of Incorporation
Address Proof (Any 1)
SSI/MSME Registration Certificate
Telephone Bill
Electricity Bill
Shop & Establishment Act Certificate
Sales Tax Certificate
Income Proof
Audited Balance Sheet
P&L Account and ITR for the previous 2 years
Bank Statement Previous 6 Months
Business Continuity Proof
P&L account and
ITR of the Company of the past 2 years
Audited Balance Sheet
Shop & Establishment Act Certificate
Additional documents
List of Shareholding partners and Directors
Board Resolution
PAN Card
Certificate of Commencement of Business for Ltd. Co.

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How to Get the Best Car Loan Interest Rates in Zinkibhadra

  1. Choose a shorter repayment for a Car Loan – People believe that lengthier repayment terms are better as EMIs for such a car loan is low. However, they don’t seem aware that lenders in Narsapur view lengthier payback terms as an indication of a borrower’s low repayment capabilities, so they charge higher interest in Zinkibhadra.
  2. Research and compare offers by different lenders – You should explore and compare the benefits offered by different lenders in Zinkibhadra. This can help you determine the lenders in Narsapur that provide the best interest rates and which lender in Zinkibhadra to choose for a car loan.
  3. Maintain a modest debt-to-income ratio for a Car Loan – The debt-to-income ratio in Zinkibhadra measures how much of your income goes toward other loan repayments in Zinkibhadra. Lenders in Zinkibhadra take this into account when setting interest rates. So if your debt-to-income ratio is lower, you can get a car loan in Zinkibhadra easily.
  4. Car Loan in Narsapur Maintains a good credit score – Lenders in Zinkibhadra will be pleased to offer you a car loan with cheaper interest rates if you have a good credit score. Lenders in Zinkibhadra consider a credit score of above 750 to be reliable. Many lenders in Zinkibhadra may give auto loans to people with bad credit, but they demand a higher interest rate for a Car Loan Zinkibhadra.

How to Apply for a Car Loan in Zinkibhadra?

A car loan is an easy process to obtain in Zinkibhadra via Dialabank. To make use of the best offers, follow the following steps:

  • First, check out our Dialabank website.
  • Click the option for car loans from the menu
  • Complete your automotive type and income details
  • Wait as soon as you receive your given number from our relationship manager.
  • If you have any questions concerning the loan, you can also contact our relationship managers on 9878981166.

car loan

Which Bank in Zinkibhadra Offers the Best Car Loans?

Many major banks and NBFCs in Zinkibhadra offer vehicle loans, including HDFC, ICICI and SBI. The finest lender can give you the money you need at an interest rate and distribute the money as quickly as possible. Therefore, it is always good to compare loans from many lenders before applying for one that meets all needs, such as interest rates.

Car Loan for Major Car Manufacturers in Zinkibhadra


Processing Fees / Prepayment Charges on Car Loan Zinkibhadra

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

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CIBIL Score Required for Car Loan in Zinkibhadra

While getting a car credit, CIBIL Score plays an important role. The higher your CIBIL scoring, the more credit you receive, at least for a period of time. Generally speaking, a CIBIL score shows the applicant’s behaviour towards his credits. If the score is poor, the customer could not be good with his credits or debts in the past and present. Therefore, it can make the customer have a big problem. More than 700 CIBIL scores are usually a good credit value.

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Car Loan Zinkibhadra Contact Number

If you have questions about the Zinkibhadra car loan, please contact 98789811166 for any help.

car loan

Pre Calculated EMI Table for Car Loan Zinkibhadra

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 Zinkibhadra

Zinkibhadra is a Village in Srikakulam District of Andhra Pradesh State, India. If you want to take a Car Loan from Zinkibhadra, visit our website and get a loan at a low-interest rate.

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FAQ’s About Zinkibhadra Car Loan

✅ What is the best time in Zinkibhadra to buy a car?

October, November, and December are the best months in Zinkibhadra to buy a car. Car dealerships create sales quotas, commonly divided into yearly, quarterly, and monthly sales targets. Late in the year, the three objectives begin to align.

✅ Should you put a down payment on a Car Loan in Zinkibhadra?

Almost probably, you’ll get a lower interest rate. A larger down payment accelerates the process of accumulating equity and protects both you and the lender. There are various advantages to making a down payment on a vehicle. The larger the down payment, the lower your monthly payment would be—and the lender will be protected against depreciation and loss.

✅ Do you think you’ll be able to pay off a car loan?

You may be able to return a financed vehicle and cancel the agreement within a particular time window, usually three days after purchase, depending on the auto dealer. If the car has excessive miles or damage, the return policy is null and void, and the dealership will not accept the vehicle. You should be aware that your car loan will need you to pay interest.