Best Banks for Car Loan in Alappuzha
Car Loan Alappuzha Features
A car loan is a financial help provided by banks and NBFC’s to fulfill your dream of having your car. Necessary funding for purchasing a car which can be on Ex-Showroom Price or On-Road Price of the car is easily provided by them. With easy repayment options, Car Loan is a secured loan. The amount of loan is offered from bank to bank where the Interest charges may vary. One can pay for the vehicle in easy installments.
Car Loan Alappuzha Interest Rate
Bank
Processing Fee
HDFC Bank Car Loan
(1999 - 4999) + Tax
Axis Bank Car Loan
1 % to 2.50%
Nil
Private Bank Car Loan
0.25% to 1.50%
SBI Car Loan
500/- to 0.50%
Nil
Kotak Car Loan
1% to 2%
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 Alappuzha Documents Required
Documents required for car loan are as followed:
For Salaried Individuals:
- Identity Proof: Passport copy, PAN Card, Voters ID card, Driving License of the applicant
- Income Proof: For Salaried– Latest 3-month salary slip with form 16 of the applicant
- For Self Employed- Latest Income Tax Report of the applicant
- Address Proof: Ration card/Driving license/Voters card/Passport Copy/Telephone Bill/Electricity Bill/Life Insurance Policy/PAN Card of the applicant
- Bank Statement: Applicant’s last 6 months bank statement is required.
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 Alappuzha Eligibility Criteria
The car loan eligibility requirements are as followed in Alappuzha:
For Salaried Applicants
- Minimum age: 21 years old
- Maximum age at loan maturity: 65 years old
- Minimum employment: For Salaried- minimum of 2 years of employment experience and 1 year in current employment.
- For Self Employed– at least 3 years in business
- Minimum Annual Income: Rs 100000 net annual income is minimum requirement for salaried person.
- For Self- Employed Net profit Rs.100000 per annum for mid-sized and premium cars Rs. 60000 p.a for standard cars.
For Self-Employed Applicants
- Minimum age: 21 years
- Maximum age at loan maturity: 65 years
- Minimum employment: At least 3 years in business
- Minimum Annual Income: Net profit Rs. 60000 per annum for standard cars and Rs.100000 per annum for mid-sized and premium cars
Car Loan for Major Car Manufacturers in Alappuzha
Processing Fees & Prepayment Charges on Car Loan Alappuzha
Category
Details
Processing Charges
Prepayment
Preclosure
Stamp Duty
Cheque Bounce Chgs
Floating Rate of Interest
Not Applicable
Overdue EMI Interest
Amortisation Schedule Chgs
Rs 200 + GST
CIBIL Score Required for Car Loan in Alappuzha
For processing the Car Loan application in Satara, every lending institution has its criteria for the minimum CIBIL score required so that they can minimize the risk of lending to you. Most institutions require a minimum score of CIBIL of 750 or above to process your loan application. Also having a good CIBIL score helps to loans at a cheaper rate of interest.
CIBIL score when higher helps to get a low level of interest rate on car loans.
The institutions don’t just look at the overall score but also the detailed behavior on the previous loans taken. This includes details on the type of loan taken and the amount borrowed. Any delayed EMI payments for previous loans can become an obstacle to your availing a fresh loan.
Car Loan Alappuzha Contact Number
By contacting the number 9878981166, you can get a car loan Alappuzha easily from dialabank.
Pre Calculated EMI Table for Car Loan Satara
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 Alappuzha
Also known by its former name Alleppey, Alappuzha is in the Indian State of Kerala the administrative headquarters of Alappuzha District. Alappuzha ranks third among the districts in literacy rate in the State of Kerala is a city and a municipality in Kerala with an urban population of 174,164. In 2016, Alappuzha was the cleanest town in India, was rated by the Centre for Science and Environment. The lighthouse built on the coast of the city is the first of its kind along the Laccadive Sea coast, Alappuzha is considered to be the oldest planned city in this region as well.
Car Loan EMI Calculator
By Car loan EMI Calculator provided by Dialabank, Car loan EMI can be calculated. One can use it an infinite number of times as it is free to use. Equated Monthly Installments(EMI) is the monthly fixed charges that you pay to the bank as monthly repayment for the loan amount borrowed. Based on the profile, the interest rate on the loan is determined. EMI is calculated based on the Interest Rate you are charged by the bank and the amount of loan you have to take and the period for which you enjoy the car loan.
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