Car Loan Khammam

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Best Banks for Car Loan in Khammam

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 Khammam Features

Car Loan Khammam A car loan is financial support provided by banks and NBFC’s to fulfill your dream of having your own vehicle. They provide necessary funding for purchasing the best car which can be on Ex-Showroom Price or On-Road Price of your selected car. Car Loan is a secured loan with easy repayment options as per your affordability

The loan amount may be approved after checking your credit history, you must have a good CIBIL score to avail the best offer on loans. The car loan amount is offered on Interest charges which may not be the same for each bank. One can pay for the vehicle in easy and affordable monthly installments.

This loan is a way to get your dream car in your hands, the loan may be provided with best car loan offers.

Car Loan Khammam 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 Khammam Documents Required

Apply for a Car Loan The following documents required for car loan application instant approval:

For salaried:

Income Proof: Last 3-month salary slip with form 16 / For Self Employed- Latest filled ITR
Address Proof: Telephone Bill/ Driving license / Electricity Bill/Voters card / Passport Copy / Electricity Bill / Life Insurance Policy /
Identity Proof: Driving License, Voters ID card, PAN Card, Passport copy
Bank Statement: Recent 6 months.

For self-employed:

Income Proof: Latest filled ITR
Address Proof: Telephone Bill/ Driving license / Electricity Bill/Voters card / Passport Copy / Electricity Bill / Life Insurance Policy /
Identity Proof: Driving License, Voters ID card, PAN Card, Passport copy
Bank Statement: Recent 6 months.

Car Loan Khammam Eligibility Criteria

Applicant must check the car loan eligibility criteria points before applying for a Car loan;

For salaried:

Minimum Annual Income: Rs 100000 net annual income
Maximum age at loan maturity: maximum 65 years
Minimum employment: For Salaried- 1 year in current employment and a minimum of 2 years of employment / For Self Employed- at least 3 years in normal working business
Minimum age: at least 21 years

For self-employed:

Minimum Annual Income Net profit sixty thousand rupees p.a. for standard model cars and One lakh Rupees p.a. for mid-sized and premium and Sedan or SUV cars
Maximum age at loan maturity: maximum 65 years
Minimum employment: For Salaried- 1 year in current employment and a minimum of 2 years of employment / For Self Employed- at least 3 years in normal working business
Minimum age: at least 21 years

Car Loan for Major Car Manufacturers in Khammam

TABLE WILL APPEAR

Processing Fees & Prepayment Charges on Car Loan Khammam

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 Khammam

Apply for a Car Loan A credit score plays an important key role in deciding the approval of a loan. The CIBIL score provides a clear picture of credit history and any outstanding dues unpaid against the individual. The credit history is necessary to disburse or approve the loan amount after checking the eligible credit score. Normally, CIBIL scores 750 or above are considered best by many leading car loan banks. So you must have an eligible CIBIL score and valid documents to get loan approval for your dream car. Before deciding regarding a car loan, a person must check the interest rate of car loan.

Car Loan Khammam Contact Number

Apply online with Dialabank and avail the best and suitable offers on a car loan with instant approval and extra benefits. or you can have a call on this number 9878981166 Our customer relationship manager provides you with the guidance and assistance to solve your queries.

Pre Calculated EMI Table for Car Loan Khammam

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

About Telanagana

Telangana is a state in southern India. In the capital of Hyderabad, the Charminar is a 16th-century mosque with 4 arches supporting 4 towering minarets. The monument overlooks the city’s long-running Laad Bazaar. Once the seat of the Qutb Shahi dynasty, the sprawling Golconda Fort is a former diamond-trading center. In the city of Warangal, the centuries-old Warangal Fort features carved stone towers and gateways

FAQs about Car Loan Telanagana

✅ Can I get a loan to purchase a used car in Telanagana?

Yes, you have to use your credit history and previous arrangement with the prospective bank or any other lender in Telanagana to negotiate the interest rate on your car loan. Regularly paying your past loans/credit cards EMI with your prospective bank or any other lender will help you get a car loan with a lower interest rate.

✅ What is the typical tenure of a car loan in Telanagana?

A car loan can last anywhere between one to five years. The higher the EMI, the shorter your loan term, and the opposite is valid for longer car loan terms. Currently, only limited lenders are offering car loans on terms of up to seven years in Telanagana.

✅ Do I need a loan guarantor or co-borrower in Telanagana?

If you are unable to meet the lending institution’s eligibility standard, such as monthly salary, age, or credit score, a loan guarantor or co-borrower is required. You can even apply for a car loan of your own.