Car Loan Jaggayyapeta

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Best Banks for Car Loan in Jaggayyapeta

Feature	HDFC Bank	Private Bank	Kotak Mahindra Bank
Interest Rate	8% - 8.4 %	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 Jaggayyapeta Features

A car has become a basic necessity for every individual than a luxury, but due to the insufficient amount of money, it is difficult to own a vehicle. A car loan is here to help you out to remove all your related queries to the car. This loan is an offer which provides finance to people for buying a car. A car loan allows a person to pay for the vehicle in installments rather than spending it at once. It requires a minimum documentation process and fewer fees processes.

A Car has become a necessity in today’s time. If we have a family, we prefer commuting by car, but the increasing prices deter us from buying this luxury. A car loan is a financial aid given by banks and NBFCs to its customers to fulfill their dream of buying a car. Get quick disbursal and hassle-free documentation. We specialize in:

With Dialabank, you can get the lowest interest rates and a hassle-free documentation process.
Dialabank Car Loan is one of the best options that allow an individual to buy a car in Jaggayyapeta.
Car loans up to 100% value of the ex-showroom price of the vehicle, and up to 7 years time period.
Apply on our website Dialabank for instant approval and faster processing of your loan.

Car Loan Jaggayyapeta Interest Rates

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

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Car Loan Jaggayyapeta Documents Required

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

For Salaried Individuals:

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

For Self Employed Individuals:

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

Car Loan Jaggayyapeta Eligibility Criteria

To obtain the loan amount, a person must meet the Eligibility criteria for car loan.

For Salaried Applicants

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

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 Jaggayyapeta

TABLE WILL APPEAR Apply for a Car Loan

Processing Fees / Prepayment Charges on Car Loan Jaggayyapeta

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 Jaggayyapeta

CIBIL score reflects your credit history in the past as well as your defaults in repayment of your previous loans. A good credit score is considered as 750 and above as most of financial institutions ask for a high credit score. Every bank and NBFC has different criteria for a minimum CIBIL score they require to process your loan. A Lower CIBIL score than 750 can attract a higher rate of interest.

A very low CIBIL score might lead to rejection of your loan as it is the first thing a bank tracks before processing your loan.

Car Loan Jaggayyapeta Agent Contact Number

For any queries regarding the car loan in Jaggayyapeta, give us a contact on Dialabank or 9878981166.

Pre Calculated EMI Table for Car Loan Jaggayyapeta

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

Car Loan EMI Calculator Jaggayyapeta

About Jaggayapeta

Jaggayyapeta is a town in the Krishna district in the state of Andhra Pradesh. It has a population of 53,530. This town is located on the beautiful banks of the Paleru River which is a tributary of the Krishna River.

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