Best Banks for Car Loan in Kayamkulam
Car Loan Kayamkulam Features
Nowadays everyone wishes to own a car to make life easier. But not everyone has the required financial situation. Are you coping with this trouble? Don’t worry. We Dialabank financial services help consumers to compare, analyze, and select the best loans possible.
We provide car loans starting at an attractive rate of interest to both self-employed as well as salaried customers. We provide car loan on new and used cars.
Some key features of car loan in Kayamkulam are the following:
- Easy monthly repayment options are convenient for you.
- Instantly car loan available
- Loan Tenure period varies from 1-7 years
- There is a provision of affordable interest Rates offers to fulfill your wishes.
- There are no hidden or additional charges for guidance about the car loan.
Car Loan Kayamkulam Interest Rates
Bank
Processing Fee
HDFC Bank Car Loan
(1999 - 4999) + Tax
Axis Bank Car Loan
1 % to 2.50%
Nil
Private Bank Car Loan
0.25% to 1.50%
SBI Car Loan
500/- to 0.50%
Nil
Kotak Car Loan
1% to 2%
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 Kayamkulam Documents Required
A person should review the documents required for car loan before making a decision.
For Salaried Individuals:
- Proof of Recognition: Passport copy, PAN Card, Voters ID card, Driving License
- Proof of Salary: Latest 3-month salary slip with form 16
- Accommodation 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:
- Passport copy, PAN Card, Voters ID card, Driving License: For Recognition Proof
- Latest ITR: For income proof
- Ration card/ Driving license / Voters card / Passport Copy / Telephone Bill / Electricity Bill / Life Insurance Policy /PAN Card: For Address Proof
- Last 6 months bank statement
Car Loan Kayamkulam 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 recent 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: Rs. 60000 per annum profit for standard cars and Rs.100000 per annum for mid-sized and premium cars
Car Loan for Major Car Manufacturers in Kayamkulam
TABLE WILL APPEAR
Processing Fees / Prepayment Charges on Car Loan in Kayamkulam
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 Kayamkulam
CIBIL score reflects your credit history in the past and your defaults in the refund of your previous loans. A good credit score is taken into consideration as 750 and above by most of the financial foundations ask for a high credit score. Every bank and NBFC has different norms for a minimum CIBIL score they require to process your Car Loan Kayamkulam. A Lower CIBIL score than 750 can attract a bit of high interest rate.
A very low CIBIL score can lead to disapproval of your loan as it is the first thing a bank tracks before processing of your car loan. Your record of previous loans is taken into consideration for a Car Loan Kayamkulam. If there are any delayed payments for previous loans, it will act as a hurdle for the availing of a new loan.
Car Loan Kayamkulam Agent Contact Number
You can avail of a car loan Kayamkulam easily from Dialabank if you have any queries related to the car loan just contacting the number 9878981166. Dialabank will assist you without any charges.
Pre Calculated EMI Table for Car Loan Kayamkulam
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 Kayamkulam
About Kayamkulam
Kayamkulam is a municipal town in Alappuzha district of Kerala state, India. Situated on the western coast of India, it was an ancient maritime trading center. Rajiv Gandhi Combined Cycle Power Plant which is one of the largest thermal power plants in Kerala situated in Kayamkulam. Many old cashews factories can be seen in the locality.
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