Car Loan Allagadda

Best Banks for Car Loan in Allagadda

Car Loan Allagadda Features

Do you want to purchase a car of your own? If yes, then your wait is over here as we at Dialabank brings you amazing offers for a car loan in Allagadda. We provide the lowest interest rates for car loans in Allagadda, which you will not find elsewhere.

We offer Car loans for both Salaried and self employed people. We offer car loans on used as well as new cars.

A car loan is a kind of financial help provided by NBFCs and banks to fulfill your dream of having your car. They offer necessary financing for purchasing a car which can be on Ex-Showroom Price or On-Road car price. A car loan is secured with easy options for refund. The loan amount is given on Interest charges which can vary with different banks. One can pay for the vehicle purchased in easy installments.

Car Loan Allagadda Interest Rates

To check Car Loan Interest rates for all major banks, you can visit: Car Loan Interest Rates.

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Car Loan Allagadda Documents Required

Documents required for car loan are as followed:

For Salaried Individuals:

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

For Self Employed Individuals:

1. Identification Proof: Passport copy, PAN Card, Voters ID card, Driving License
2. Income Proof: Latest ITR
3. Address Proof(anyone): Ration card/ Driving license / Voters card / Passport Copy / Telephone Bill / Electricity Bill / Life Insurance Policy /PAN Card
4. Bank Statement: Last 6 months.

Car Loan Allagadda Eligibility Criteria

The car loan eligibility requirements are as follows:

For Salaried Applicants

1. Minimum age: 21 years
2. Maximum age at loan maturity: 65 years
3. Minimum employment: 1 year in current employment and a minimum of 2 years of employment
4. Minimum Annual Income: Rs.100000 net annual income

For Self-Employed Applicants

1. Minimum age: 21 years
2. Maximum age at loan maturity: 65 years
3. Minimum employment: At least 3 years in business
4. 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 Allagadda

TABLE WILL APPEAR

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Processing Fees/ Prepayment Charges on Car Loan in Allagadda

CIBIL Score Required for Car Loan Allagadda

A CIBIL score is considered to be good if it is 750 or above, and it attracts a lower interest rate for car loans in Allagadda. However, a CIBIL score from 650 to 750 might be taken if you have a good income, but with a slightly higher interest rate. If your CIBIL score is very low, then your car loan application might not be accepted.

Most financial institutions prefer to give loans only with a minimum CIBIL score of 750. The institutions not only look at the overall score but also examine the detailed behaviour of the previous loans you have taken. This includes details on the loan type and the loan amount you have borrowed. If there are any late payments for previous loans, then it can act as a barrier to your availing of a new loan.

Check your CIBIL score in your credit report for more information on the score.

Car Loan Allagadda Contact Number

Call us at 9878981166 to get on car loans in Allagadda and exclusive offers on car loans.

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Pre Calculated EMI Table for Car Loan Allagadda

Car Loan EMI Calculator Allagadda

About Allagadda

Allagadda is a municipality in the Kurnool district of the Indian state of Andhra Pradesh. It is situated in Allagadda Municipality 112 km from Kurnool on National Highway 40.

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