Car Loan Cuddapah

Best Banks for Car Loan in Cuddapah

Car Loan Cuddapah Features

A car loan is a financial help provided by banks and NBFC’s to fulfill your dream of having your car. They provide necessary funding for purchasing a car which can be on Ex-Showroom Price or On-Road Price of the car. A car Loan is a secured loan with easy repayment options. The loan amount is offered on Interest charges which vary from bank to bank. One can pay for the vehicle in easy installments.

Car Loan Cuddapah Interest Rate

To check Car Loan Interest Rate for all major banks you can visit: Car Loan Interest Rates

Car Loan Cuddapah Documents Required

Documents required for car loan are as followed:

For salaried:

• Identity Proof: Passport copy, PAN Card, Voters ID card, Driving License of the applicant
• Income Proof: Latest 3-month salary slip with form 16 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: Last 6 months bank statement of the applicant

For self-employed:

• Identity Proof: Passport copy, PAN Card, Voters ID card, Driving License of the applicant
• Income Proof: 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: Last 6 months bank statement of the applicantApply for a Car Loan

Car Loan Cuddapah Eligibility Criteria

The car loan eligibility requirements are as followed in Cuddapah:

For salaried:

• Minimum age: 21 years old
• Maximum age at loan maturity: 65 years old
• Minimum employment: 1 year in current employment and a minimum of 2 years of employment
• For Self Employed– at least 3 years in business
• Minimum Annual Income: For Salaried Rs 100000 net annual income
• For Self- Employed Net profit Rs. 60000 p.a for standard cars and Rs.100000 per annum for mid-sized and premium cars

For self-employed:

• Minimum age: 21 years old
• Maximum age at loan maturity: 65 years old
• Minimum employment: at least 3 years in business
• Minimum Net Profit: Rs.60,000 p.a for standard cars and Rs.100,000 per annum for mid-sized and premium cars

 Car Loan for Major Car Manufacturers in Cuddapah

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Processing Fees & Prepayment Charges on Car Loan Cuddapah

CIBIL Score Required for Car Loan in Cuddapah

Apply for a Car Loan

Every lending institution has its criteria for the minimum CIBIL score required for processing the Car Loan application in Cuddapah so that they can minimize the risk of lending to you and also if your CIBIL score is low you get an interest rate at a much high-interest rate than others.

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 if your CIBIL score is high enough.

The institutions don’t just look at the overall score but also the detailed behaviour on the previous loans taken. This includes details on the type of loan taken and the amount borrowed. Any delayed payments for previous loans can act as a barrier to your availing a fresh loan.

Car Loan Cuddapah Contact Number

You can get a car loan Cuddapah easily from Dialabank by contacting the number 9878981166 at any time.

Pre Calculated EMI Table for Car Loan Cuddapah

Car Loan EMI Calculator

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