Car Loan Vijayawada

I have read the Privacy Policy & Agree to Terms & Conditions and authorize Dialabank & its partner institutions to Call or SMS me with reference to my application.

Best Banks for Car Loan in Vijayawada

Feature	HDFC Bank	Private Bank	Kotak Mahindra Bank
Interest Rate	8% - 8.4 %	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

Car Loan Vijayawada Features

Car loan Vijaywada A car loan is a financial assistance and aid provided by banks and NBFC’s in the city to individuals to aid them in fulfilling their dream of having their own car.

A car loan provides the necessary funding required by you according to your eligibility for purchasing a car which can be on Ex-Showroom Price or On-Road Price of the car.

Car Loan is a secured form of a loan with easy repayment options and low-interest rates EMI options are available for car loans in Vijayawada.

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

Car Loan Vijayawada Documents Required

Documents required for car loan are as followed:

For Salaried Individuals:

Identity Proof: Passport copy, PAN Card, Voters ID card, Driving License
Income Proof: Latest 3-month salary slip with form 16
Address Proof: Telephone Bill / Electricity Bill / Life Insurance Policy /PAN Card/ Ration card / Driving license / Voters card / Passport Copy
Bank Statement: Last 6 months.

For Self Employed Individuals:

Identity Proof: Passport copy, PAN Card, Voters ID card, Driving License
Income Proof: Latest Income Tax Return
Address Proof: Passport Copy / Telephone Bill / Electricity Bill / Life Insurance Policy / Ration card / Driving license / Voters card / PAN Card
Bank Statement: Last 6 months.

Apply for a Car Loan

Car Loan Vijayawada Eligibility Criteria

The car loan eligibility requirements are as followed in Vijayawada:

For Salaried Individuals:

Minimum age: 21 years
Minimum employment: 1 year in the current place of work and 2 years of total employment.
Minimum Annual Income: Rs 100000 net annual income.
Maximum age at loan maturity: 65 years

For Self Employed Individuals:

Minimum age: 21 years
Maximum age at loan maturity: 65 years
Minimum employment: A minimum of 3 years in business.
Minimum Annual Income: Net profit of Rs. 60000 p.a for standard cars and Rs.100000 p.a. for mid-sized and premium cars

How to Apply for Car Loan in Vijayawada?

Availing a car loan Vijayawada is an easy process with Dialabank. Just follow some steps to avail the best offers:

Visit our website and click on the car loan option available on the menu. Fill in the details regarding the car type and your income. Our relationship manager will soon get in touch with you on your provided number.
You may also contact our relationship managers on the number +919878981166 in case of any queries regarding the loan.
For availing a car loan offline you will have to visit the branch personally, which might turn hectic for you. So we advise you to do it online!

Car Loan for Major Car Manufacturers in Vijayawada

TABLE WILL APPEAR

Processing Fees & Prepayment Charges on Car Loan Vijayawada

Category	Details
Processing Charges	1999 - 4999 + Tax
Prepayment	No prepayment is allowed until 12 EMIs are paid
Preclosure	No foreclosure is allowed until 12 EMIs are paid
Prepayment Charges	13-24 months: 2% of loan principal outstanding
Prepayment Charges	>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 Vijayawada

The CIBIL score is referred to as your ability to pay off your credits. A higher Credit score means good credit history and makes your car loan application process smooth and easy.

Mostly, banks and NBFCs consider a credit score of 750 and above as a good score to approve your loan application process in Vijayawada. This score may again vary from bank to bank.

In case of a low CIBIL score than the required value, you will be required to pay a high rate interest rate on the loan amount. Thus, a CIBIL score is an important factor in a car loan.

Apply for a Car Loan

Car Loan Vijayawada Contact Number

Dial us up at +919878981166 to get more information about car loans at Vijayawada and we will give you the best advice to help you fulfill your dream easily, quickly and efficiently.

Pre Calculated EMI Table for Car Loan Vijayawada

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 Vijayawada

Vijayawada is a city or place in the southeast Indian state of Andhra Pradesh. It’s also known for the ornate Kanaka Durga Temple, which sits atop a hill overlooking the city. The Undavalli Caves feature ancient rock-cut temples, carved out of a sandstone hillside, and also adorned with elaborate statues. There is also massive Prakasam Barrage stretches all across the Krishna River. also Nearby is Bhavani Island, with forests and waterfront beautiful gardens.

Apply for a Car Loan