Car Loan Kapra

Car Loan Kapra

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Best Banks for Car Loan in Kapra

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 Kapra Features

In today’s world, a car has become a necessity from a ‘want’. If you are thinking to get a car for yourself, you are just thinking right!

Car loans help you. A car loan is financial help that is provided by banks and NBFC’s for a specific period of time varying from 24 months to 60 months, for both brand new and second-hand ones. Car Loan Kapra

They offer necessary funding for buying 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.

Dialabank brings you amazing offers for a best car loan in Kapra. Providing you with the lowest rate of interest for car loans, which you won’t find anywhere else.

Offering a car loan for both Self-employed and salaried people and even on new as well as used cars.

Car Loan Kapra Interest Rates

The rate of interest varies from bank to bank. The rate of interest changes without any prior notices and is regulated by the Reserve Bank of India (RBI).

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 Kapra Documents Required

Documents required for car loan are as followed:

For Salaried Individuals:

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

For Self Employed Individuals:

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

Car Loan Kapra Eligibility Criteria

The car loan eligibility requirements are as followed:

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

Click here to apply for an instant car loan

Car Loan for Major Car Manufacturers in Kapra

TABLE WILL APPEAR

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Processing Fees/ Prepayment Charges on Car Loan in Kapra

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

Car Loan Kapra Agent Contact Number

Dialabank works as a bridge to find the best option between several Banks and NBFCs by providing you with a detailed and structured market comparison of different banks. The unnecessary worries about the complex information and process are eliminated that you have to go through. So, you can make the right choice.

Dial us up at +919878981166 to get more information about car loans 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 Kapra

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

You can calculate your EMI here: Car Loan EMI Calculator

Car Loan EMI Calculator Kapra

To calculate the Equated Monthly Installment (EMI), you require the following:

Loan Amount
Interest rate
Tenure (in number of months)

The higher the loan amount or interest rate, the higher is the EMI payments and vice versa.

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About Kapra

Kapra is in the neighborhood of Hyderabad city. It also falls under the Medchal-Malkajgiri district in the state of Telangana in India. The city of Kapra also serves as the Mandal headquarters of Kapra Mandal which is situated in the Keesara revenue division. Kapra lake is also named after the city.