Car Loan Chittoor

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Best Banks for Car Loan in Chittoor

Feature	HDFC Bank	Private Bank	Kotak Mahindra Bank
Interest Rate (p.a.)	7.35 - 7.95%	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 Chittoor Features

Car Loan Chittoor Want to purchase your dream car but don’t have the required funds for it? A car loan is what you can fulfill your desire. A Car loan is a secured loan with easy repayment options available for the applicants. The loan amount is offered on Interest charges which vary from one bank to another bank. You may avail a car loan for purchasing a new car as well as an already used car. So if you are planning of purchasing your dream car, get an instant Car loan with DialaBank at an affordable and best rate of interest.

Car Loan Chittoor Interest Rate

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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 Chittoor Documents Required

A person should review the documents required for car loan before making a decision.

For Salaried Employees

Identity Proof in the form of, PAN Card, Passport copy, Voters ID card, Driving License, or any other proof
Income Proof – Latest 3-month salary slip with adjoining form 16
Address Proof: Ration card / Driving license / Voters card / Passport Copy / Life Insurance Policy / Electricity Bill / /PAN Card
Bank Statements for the last previous 6 months.
ITR must be filed for the last previous 2 years for self-employed people.

For Self Employed

Identity Proof in the form of, PAN Card, Passport copy, Voters ID card, Driving License, or any other proof
Income Proof – Previous few years ITR
Address Proof: Ration card / Driving license / Voters card / Passport Copy / Life Insurance Policy / Electricity Bill / /PAN Card
Bank Statements for the last previous 6 months.
ITR must be filed for the last previous 2 years for self-employed people.

Car Loan Chittoor Eligibility Criteria

Car loan eligibility criteria for the salaried and self-employed vary in the following manner:

Salaried Individuals:

The age should be a minimum of 21years.
He/she should not be more than 60 years to avail a car loan.
A CIBIL score of 750 and above is a must.
He/she should have been working for a minimum of 1 year in current employment and a previous minimum of 2 years of employment
He/she should be earning a minimum of Rs 100000 per year

Self-employed Individuals:

The age should be between 30-65 years to avail of a car loan.
A CIBIL of 750 and above is required.
At least 3 years of working business.
A minimum of Rs. 60000 p.a net profits for standard cars and Rs.100000 p.a. for mid-sized and premium cars

Car Loan for Major Car Manufacturers in Chittoor

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TABLE WILL APPEAR

Processing Fees & Prepayment Charges on Car Loan Chittoor

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 Chittoor

CIBIL score is what describes your creditworthiness of the past. So, it is an important aspect to consider while availing a car loan. The CIBIL score required for car loans may vary from one bank to another. Most banks accept a CIBIL score of 750 and above to process your car loan application. In case of a low CIBIL score, you might be required to pay a heavy interest rate on the loan amount.

Car Loan Chittoor Contact Number

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For any queries regarding the car loan in Chittoor, you may call on the number 9878981166.

You can also visit Dialabank

Pre Calculated EMI Table for Car Loan Chittoor

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 Chittoor

Chittoor is a city or a place and district headquarters in the Chittoor district of the Indian state of Andhra Pradesh. It is the Mandal and also divisional headquarters of Chittoor Mandal and Chittoor revenue division, respectively.