Car Loan Kozhikode

I have read the Privacy Policy & Agree to Terms & Conditions and authorize Dialabank & its partner institutions to Call or SMS me with reference to my application.

Best Banks for Car Loan in Kozhikode

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 Kozhikode Features

Car Loan kozhikode If you wish to make your dream come true of riding a luxurious car of your own but face a monetary issue, then a Car Loan is the right solution for you. Almost all the major financial institutions provide car loans at a reasonable rate of interest without much paperwork. Moreover, you can also purchase a pre-owned car or used car using a used car loan that is offered by numerous lending institutions.

To avoid any hassle and wastage of time, visit DialaBank to get a fast loan disbursal.

Car Loan Kozhikode 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 Kozhikode Documents Required

Documents required for car loan are as followed:

Income Proof: Previous 3 months salary slips or Form 16 for a salaried individual and recent tax return files for a self-employed individual
Identity Proof: Driving License/ Aadhar Card/ Passport Copy/ Voter ID
Address Proof: Voter ID/ Water Bill/ Telephone Bill
Recent passport size photographs-2

Car Loan Kozhikode Eligibility Criteria

The car loan eligibility requirements are as followed in Kozhikode:

The age limit for a salaried individual is 21 years to 65 years and 25 years to 65 years for a self-employed individual
A salaried employee must be working in the current organization for at least a year.
In case the individual is a businessman then, their business must be operational from at least the past three years.
Minimum Rs 25000 monthly salary is a must for a salaried individual

How to Apply for Car Loan in Kozhikode?

To apply for a car loan without wasting any time and minimal documentation, follow the steps given below:

Visit our website DialaBank.
Go to auto loans and select Car Loans on the homepage.
You must fill an online application form stating all the personal and professional details.
Provide your current contact details so that our executives can get in touch with you for further assistance.

To avail car loan through offline mode, visit the nearest branch office of the lending institution providing the service. After reaching there you are required to fill an application form, and thereafter you will be guided by the executives.

Processing Fees & Prepayment Charges on Car Loan Kozhikode

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 Kozhikode

Banks and NBFCs regard CIBIL score as in important criteria before approving for a car loan. The creditworthiness of any individual is reflected by their CIBIL score. The minimum CIBIL score requirement for a car loan varies from bank to bank. Generally, a score above 800 is considered to be decent making them eligible for a car loan.

The credit history of any borrower must be free of any pending dues or debts to avoid any inconvenience in applying for a loan. Hence, it is advisable to check your credit score beforehand itself and rectify and correct the dues to ensure a smooth loan approval process.

Car Loan Kozhikode Contact Number

To avail instant car loans you can visit our website or call on 9878981166 to get personalized assistance. Our executives are well trained and will assist you in the best way possible in order to provide you with a deal most suited for you.

Pre Calculated EMI Table for Car Loan Kozhikode

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

About Kozhikode

Earlier known as Calicut, Kozhikode is an important city in the state of Kerala. The place is rich with tourism with visitors coming in all around the years to visit the numerous lakes, beaches, and natural landscapes. It is an important route for trade of spices, silk, cotton and also was one of the most essential paths in the history for the Jews, Arabian and Portuguese travelers.

Special Note: Banks do not provide Car Loans to bad credit holders, but one can fulfill their money requirement with Gold Loan easily.