Telangana Bank Car Loan

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Buy your dream Car

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

Telangana Bank Car Loan Key Features

Interest Rate Starts @ 7.35%
Min Loan Amount ₹ 1,00,000
Max Loan Amount
(Loan to Value)
Loan up to 80% -100% of On Road Price

Loan Tenure 1 year to 7 years
Lowest EMI / Lac ₹ 1,526
Minimum Net Monthly Income ₹ 20,000
Minimum ITR for Self Employed ₹ 300,000
Age Criteria Salaried: 21 years to 60 years
Self Employed: 21 years to 65 years
Types of Cars For All New Passenger Cars, Multi Utility Vehicles (MUVs) and Sport Utility Vehicles (SUVs)
Processing Fee Up to 0.40% of the loan amount
Foreclosure Charges NIL
Basic Documentation ID Proof, Address Proof, Salary Slip, Bank Statement and Car Quotation

About Telangana Bank Car Loan

Telangana Bank provides Car Loan who wants to purchase a Car. It offers you flexible repayment options. Also, Telangana Bank provides low-interest rates for higher loan amount for Car Loan.

Telangana Bank offers Car Loans at an attractive rate of interest to the customer for buying a car whether new or second hand. A car loan is easily available which can be got by anyone with a good credit/CIBIL score.

Advantages of Telangana Bank Car Loan

Telangana Bank Car Loan

Telangana Bank Car Loan Eligibility

Salaried Individual
  • Age – 21-60 years of age
  • Net Monthly Income – should be minimum ₹ 20,000
  • Employment Duration – Minimum 1 year
  • Income Eligibility – Depends on Form 16 and Salary Slip
Self-Employed Individuals
  • Age – 21-65 years of age
  • Minimum ITR  – Rs. 4 lakh, Rs. 18 lakhs (for selected car models)
  • Employment Duration – Minimum 3 years
  • Income Eligibility – Depends on the latest Income Tax Returns
Self-Employed Non-Individuals (Company/Partnership)
  • Minimum ITR  – Rs. 4 lakh, Rs. 18 lakhs (for selected car models)
  • Employment Duration – Minimum 3 years
  • The applicant has to present IT returns and audited financials of 2 years with Calculated Income.
Priority Customers
  • Applicant should have a vintage of at least 6 months
  • Average Quarterly Balance – Minimum Rs.1 lakh for last 2 quarters
  • Maximum Loan Amount – 3 X Average Quarterly Balance of Last 2 quarters

Telangana Bank Car Loan Interest Rate, Fees and Charges

Charges New Car Loan Used Car Loan
Interest Rate [email protected]% [email protected]%
Processing fee 0.40% of the loan amount 0.40% of the loan amount
Issuance of Duplicate Repayment Schedule Charges Rs.500 per instance Rs.500 per instance
Foreclosure Charges NIL NIL
Penal Interest 2% per month 2% per month
Part Payment charges 2% of the paid amount 2% of the paid amount
Cheque/Instrument Swap Charge NIL NIL
Documentation Charge Rs.1,500 per instance Rs.1,500 per instance
Issuance of Duplicate No Dues Certificate Charges NIL NIL
Registration Certification Collection Charge NIL NIL
Cheque Bounce/Instrument Return Charges Rs. 150 +GST Rs. 150+ GST
Issuance of Duplicate Statement Charges NIL NIL
Loan Cancellation/Re-booking Charges NIL NIL
Issuance of Credit Report Rs.50 per instance Rs.50 per instance

Telangana Bank Car Loan Documents Required

Salaried Individual

Category Documents Required
Identity Proof

 

(Any 1)

Driving Licence
Aadhaar Card
Passport
PAN
Voter ID
Address Proof

 

(Any 1)

Driving Licence
Aadhaar Card
Passport
PAN
Voter ID
Date of Birth Proof

 

(Any 1)

Birth Certificate
Passport
Driving Licence
PAN
Signature Proof

 

(Any 1)

Passport
Bankers Verification
PAN
Income Proof Latest Form 16 and Salary Slips
Bank Statement Bank statement of last 3 months
Employment Continuity Proof Work Experience Certificate
ITR of Form 16
Salary Slip with Joining Date
Appointment Letter
Letter of Relieving

Self-Employed Individuals

Category Documents Required
Identity Proof (Any 1) Driving Licence
Aadhaar Card
Passport
PAN
Voter ID
Address Proof (Any 1) Driving Licence
Aadhaar Card
Passport
PAN
Voter ID
Date of Birth Proof (Any 1) Birth Certificate
Passport
Driving Licence
PAN
Signature Proof (Any 1) Passport
Bankers Verification
PAN
Income Proof Latest Form 16 and Salary Slips
Bank Statement Bank statement of last 3 months
Employment Continuity Proof Shop & Establishment Act Certificate
Current Account Statement
SSI or MSME Registration Certificate
Sales Tax or VAT Certificate
Business Proof Current Account Statement
Telephone Bill
Electricity Bill
Shop & Establishment Act Certificate
SSI or MSME Registration Certificate
Sales Tax or VAT Certificate
Registered Lease Document with other utility bills

Self-Employed Non-Individuals:

1. Partnership Firms/Societies

Category Documents Required
Identity Proof (Any 1) Driving Licence
Aadhaar Card
Passport
PAN
Voter ID
Address Proof (Any 1) Driving Licence
Aadhaar Card
Passport
PAN
Voter ID
Income Proof Audited Balance Sheet
P&L Account and ITR for the previous 2 years
Bank Statement Bank statement of last 3 months
Business Continuity Proof Shop & Establishment Act Certificate
Current Account Statement
SSI or MSME Registration Certificate
Sales Tax or VAT Certificate
Additional documents Authority Letter/PAN cards

2. Private Limited/Limited Companies

Category Documents Required
Identity Proof Copy of Latest MOA
Copy of Incorporation
Copy of Latest AOA
Address Proof (Any 1)
Current Account Statement
Telephone Bill
Electricity Bill
Shop & Establishment Act Certificate
SSI or MSME Registration Certificate
Sales Tax or VAT Certificate
Registered Lease Document with other utility bills
Income Proof Audited Balance Sheet
P&L Account and ITR for the previous 2 years
Bank Statement Bank statement of last 3 months
Business Continuity Proof Shop & Establishment Act Certificate
Current Account Statement
SSI or MSME Registration Certificate
Sales Tax or VAT Certificate
Additional documents
List of Directors and Shareholding Partners
PAN Card
Board Resolution
Certificate of Commencement of Business for Ltd. Co.

Telangana Bank Car Loan EMI Calculator

An applier has the choice to check the EMI’s before getting a Car Loan for Telangana Bank. So, you can easily check through the link below:

Car Loan EMI Calculator

Telangana Bank Car Loan Types

Telangana Bank offers different types of car loans to its customers. You have the choice of choosing the offer which suits you. It offers the following types of Car Loans:

  1. New Car Loan –  If you need to buy a new car, this is the scheme for you. You can get a Car Loan from Telangana Bank for a minimum of Rs. 1 lakh and a minimum tenure of 7 years.
  2. Used Car Loan – If you want to purchase a used car from Telangana Bank then you can choose offers a minimum loan of Rs. 1 lakh and a minimum tenure of 5 years.
  3. Loan Against Car – You can opt this scheme if you need urgent funds where you can keep your cars as security with the bank.

Telangana Bank Car Loan Pre Calculated EMI

How to Apply for Telangana Bank Car Loan?        telangana bank car loan

  1. Visit Dialabank and fill a form online.
  2. Our Relationship Manager will call you and provide guidance throughout the process.
  3. You can compare various offers from banks and choose according to your suitability.
  4. You can easily apply for a Car Loan with Dialabank and enjoy best offers.

Telangana Bank Car Loan for Top Selling Cars

Other Available Products from Telangana Bank

Telangana Bank Personal Loan Telangana Bank Gold Loan Telangana Bank Home Loan
Telangana Bank Credit Card Telangana Bank Two Wheeler Loan Telangana Bank Education Loan

FAQs for Telangana Bank Car Loan

✅ What is Telangana Bank Car Loan?

Telangana Bank Car Loan is a car loan for you to buy a new car and used car as well.

✅ How can I get Car Loan from Telangana Bank?

You can get a car loan from Telangana Bank through visiting the nearest branch of Telangana Bank. You will get benefit to apply from anywhere.

✅How does Telangana Bank Car Loan work?

Telangana Bank offers car loan at affordable interest rates. You can avail a car loan easily and quickly. Telangana Bank provides flexible loan tenure duration.

✅What is the Car Loan Interest Rate in Telangana Bank?

The interest rate in Telangana Bank for a car loan starts at 7.35%.

✅How to check Car Loan status in Telangana Bank?

You must visit the Telangana Bank branch to check your car loan status. Also, you can use the net-banking facility of Telangana Bank.

✅How to calculate Car Loan interest in Telangana Bank?

For the calculation of your car loan interest in Telangana Bank, the information required is:

  • Loan tenure
  • Loan amount
  • Interest rate

To calculate your car loan interest in Telangana Bank and EMI through the EMI calculator.

✅What is the maximum loan amount I can avail on Car Loan from Telangana Bank?

You can avail a maximum loan amount for a car loan from Telangana Bank is up to 80-100% of On Road Price.

✅What is the loan tenure of Telangana Bank Car Loan?

The loan tenure of Telangana Bank for a car loan ranges between 1 to 7 years.

✅Can I get 100% Car Loan from Telangana Bank?

You can get loan up to 80-100% of On Road Price for a car loan from Telangana Bank.

✅How much processing fee is applicable on Telangana Bank Car Loan?

The processing fee applicable on Telangana Bank is up to 0.40% of the loan amount for getting a car loan.

✅What are the EMI options available on Telangana Bank Car Loan?

The EMI options available on Telangana Bank car loan are:

  • Electronic Clearance System 
  • Standing Instruction 
  • Post Dated Cheques 

✅What are the charges for Prepayment in Telangana Bank Car Loan?

Telangana Bank does not have any prepayment charges for availing a car loan.

✅Can I get a top-up loan on my existing Telangana Bank Car Loan?

Yes, you can get a top-up loan on your existing Telangana Bank car loan. Also, get a top-up car loan by visiting the online platform of Dialabank.

✅Do I need to provide a guarantor to avail a car loan from Telangana Bank?

Yes, you can avail a guarantor for getting a car loan from Telangana Bank. It will increase your car loan eligibility.

✅How to get a Telangana Bank Car Loan Statement?

For getting a car loan statement of Telangana Bank, you can utilize the mobile banking app of Telangana Bank. Also, visit the nearest Telangana Bank branch.

✅How to pay Telangana Bank Car Loan interest online?

You can pay your car loan interest through the net-banking services of Telangana Bank. If you want a low-interest car loan, you must visit Dialabank online.

✅What if I can’t pay the interest on Telangana Bank Car Loan for 3 months?

If you can’t pay the interest on Telangana Bank Car Loan for 3 months, then it will be added to the outstanding loan amount and repayment charges will reframe.

✅How can I apply for EMI Moratorium on Telangana Bank Car Loan?

You can apply for EMI Moratorium on Telangana Bank by visiting the nearby branch of Telangana Bank or you can submit a request through an email. Also, if you want relief for the balance duration, you must apply through Dialabank.

✅What is the number for Telangana Bank Car Loan agent?

The number for Telangana Bank Car Loan agent is 1800-532-7444.

✅Can I close Telangana Bank car loan online?

You can close your car loan from Telangana Bank through the net-banking page of Telangana Bank. You have to log in with your details on the net -banking page and pay your car loan.

✅What is Telangana Bank Car Loan Customer Care Number?

The customer care number of Telangana Bank for car loan queries is 1800-833-1004.

✅How can I get NOC from Telangana Bank for a car loan?

You can get a car loan NOC from Telangana Bank after the payment of your car loan.

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