Karnataka Vikas Grameena Bank Car Loan Features
Karnataka Vikas Grameena Bank car loan is offered when the customer needs to buy a car but doesn’t have the financial stability to purchase it without support. This is where Karnataka Vikas Grameena Bank offers you a car loan so that you can buy your dream car without any problem.
The interest rates are low, you can get 100% of the on-road price as a loan if you have a good credit score, and the tenure is up to 7 years with an option of having more years as your tenure but its advice against it.
The car you are buying will be put up for security as then, you can’t sell your car until the loan is closed completely i.e, the car is in the banks’ hands until it is fully paid off.
You can visit dialabank to get your doubts cleared or can have one of our officers help you throughout the entire process.
Karnataka Vikas Grameena Bank Car Loan Eligibility
Karnataka Vikas Grameena Bank Car Loan Documents Required
Karnataka Vikas Grameena Bank Car Loan Approval Process
- You can visit the nearest Karnataka Vikas Grameena Bank branch.
- You can call them on their customer service number.
- Or you can visit dialabank and apply for the Karnataka Vikas Grameena Bank car loan from there.
- After checking your credit score, and after the documentation is done your loan would be approved with a minimum of 85% of the on-road funding with an interest rate that would suit your requirements.
FAQs on Karnataka Vikas Grameena Bank Car Loan Approval Process
✅ Can I pay my whole loan ahead of the end of the tenure?
All banks allow you to pay the rest of the loan prematurely if you so wish to do so, but this should be done after at least 6 months. Though you will be allowed to pay the loan back, it might cost you a bit extra as the bank will be losing interest.
✅ Is there a necessity for a guarantor?
There is no need for a guarantor unless you don’t fulfil the minimum income criteria of the bank.
✅ Can I negotiate my car loan interest rate?
You are allowed to negotiate your interest rate but it will depend upon your credit score i.e., your history with previous moneylenders.
