Best Banks for Car Loan in Kota
Car Loan Kota Features
Are you fond of new cars and want to buy a newly launched car? Does it’s the cost is out of your budget?
If yes, there is a solution is availing a Car loan in Kota, to arrange all of the necessary funds to buy your dream car. The total loan amount can be up to 85% of the vehicle based on the Ex-showroom or On-road price of the vehicle.
The interest rate varies from bank to bank. The car loan criteria vary upon certain factors like your income, CIBIL score, etc. Car loans are provided for both ex-showroom and on-road prices and can be paid in easy installments. The rate of interest varies from bank to bank.
Car Loan Kota 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 Kota 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: 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:
- Identity Proof: Passport copy, PAN Card, Voters ID card, Driving License
- Income Proof: Latest Income Tax Return
- Address Proof: Ration card / Driving license / Voters card / Passport Copy / Telephone Bill / Electricity Bill / Life Insurance Policy /PAN Card
- Bank Statement: Last 6 months.
Car Loan Kota Eligibility Criteria
The car loan eligibility requirements are as followed in Kota:
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 Car Loan in Kota?
Availing a car loan Kota 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 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 Kota
TABLE WILL APPEARProcessing Fees & Prepayment Charges on Car Loan Kota
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 Kota
A CIBIL score is a numeric score that describes an applicant’s ability to repay his past loans efficiently and regularly. Maintaining a good CIBIL score is essential if you want to avail of a car loan at a lower interest rate. Also, having a good CIBIL score increases the processing speed of your application.
Most of the banks except a 750+ score to process your car loan in Kota but these may be higher or lower depending upon the individual requirements of the banks. The minimum CIBIL score requirement for car loans in Kota may vary from banks to banks.
Apply for a Car LoanCar Loan Kota Contact Number
Dial us up at +919878981166 to get more information about car loans at Kota 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 Kota
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 Kota
Kota is a city on the Chambal River in Rajasthan, northern India. Inside the Kota Garh or City Palace, the Maharao Madho Singh Museum exhibits miniature paintings and antique weapons. South, along the river, tranquil Chambal Garden has a pond with crocodiles. Northeast, 18th-century Jagmandir Palace sits in the middle of Kishore Sagar Lake. Seven Wonders Park includes mini replicas of the Eiffel Tower and Taj Mahal.
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 Car Loan Cities In Rajasthan
| Car Loan Kishangarh | Car Loan Jalore |
| Car Loan Jodhpur | Car Loan Hanumangarh |
| Car Loan Jhunjhunu | Car Loan Dungarpur |
| Car Loan Jhalawar | Car Loan Chomu |
