Best Banks for Car Loan in Gulbarga
Car Loan Gulbarga Features
Own your dream luxury car without worrying about any shortage of funds. Car Loans are an appropriate and fitting way to finance your dream car at the deals most suited for you.
It is the most widely availed service when purchasing a car as almost all the banks and NBFCs provide car loans at cheap interest rates without much paperwork.
Car Loans are a secured type of loan where the car you purchase acts as collateral security itself. The repayment is done in the form of EMIs and has to be paid monthly. Due to its flexibility and fast disbursal, car loans are highly recommended.
Car Loan Gulbarga Interest Rate
| 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 Gulbarga 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: Voters card / Passport Copy / Telephone Bill / Ration card / Driving license / Electricity Bill / Life Insurance Policy /PAN Card
- 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 / Ration card / Driving license / Voters card / Electricity Bill / Life Insurance Policy /PAN Card
- Bank Statement: Last 6 months.
Car Loan Gulbarga Eligibility Criteria
The car loan eligibility requirements are as followed in Gulbarga:
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 a Car Loan in Gulbarga?
Availing of a car loan in Gulbarga 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 of 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 Gulbarga
TABLE WILL APPEARProcessing Fees & Prepayment Charges on Car Loan Gulbarga
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 Gulbarga
Banks and NBFCs check the eligibility for loan approval considering many criteria. One such aspect is the CIBIL score. Generally, a score above 800 is considered decent for any individual to be eligible to apply for a car loan. Prioritize maintaining your credit score always to avoid future inconvenience
No pending due or debt must be left for previous loans as it affects the cedi score badly. Hence, it is advisable to check your credit score beforehand and rectify and correct the dues to ensure a smooth loan approval process.
Apply for a Car LoanCar Loan Gulbarga Contact Number
Dial us up at +919878981166 to get more information about car loans at Gulbarga 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 Gulbarga
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 Gulbarga
Officially known as Kalaburagi, Gulbarga is a Sufi city in the state of Karnataka. Numerous religious places like Sharana Basaveshwara Temple, Khwaja Banda Nawaz Dargah, Ladle Mashak, and Buddha Vihar.
Special Note: Banks do not provide Car Loans to bad credit holders, but one can fulfill their money requirement with Gold Loan easily.
Apply for a Car LoanCar Loan EMI Calculator
Other Cities For Car Loan In Karnataka
| Car Loan Doddaballapur | Car Loan Bijapur |
| Car Loan Dharwad | Car Loan Bidar |
| Car Loan Davanagere | Car Loan Bidadi |
| Car Loan Chikmagalur | Car Loan Bellary |
