Car Loan Mangalagiri

Best Banks for Car Loan in Mangalagiri

Car Loan Mangalagiri Features

Are you looking for a car loan? If yes, then the wait is over as we at Dialabank brings you amazing offers for a car loan in Mangalagiri. We provide the lowest interest rates for car loans Mangalagiri, which you won’t find elsewhere.

We offer Car loans for both Salaried and self-employed people. We offer car loans on used as well as new cars.

A car loan is a kind of financial help provided by banks and NBFC’s to fulfil the dream of owning a car. They provide essential funding for purchasing a car which can be on Ex-Showroom or On-Road car price. A car loan is a secured one with easy refund choices. The loan amount is given on Interest charges which vary in different banks. One can pay for the vehicle bought in easy installments.

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Car Loan Mangalagiri Interest Rates

To check Car Loan Interest Rates for all major banks, you can visit: Car Loan Interest Rates

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Car Loan Mangalagiri Documents Required

Documents required for car loan are as followed:

For Salaried Individuals:

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

For Self Employed Individuals:

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

Car Loan Mangalagiri Eligibility Criteria

The car loan eligibility requirements are as followed:

For Salaried Applicants

1. Minimum age: 21 years
2. Maximum age at loan maturity: 65 years
3. Minimum employment: 1 year in current employment and a minimum of 2 years of employment
4. Minimum Annual Income: Rs.100000 net annual income

For Self-Employed Applicants

1. Minimum age: 21 years
2. Maximum age at loan maturity: 65 years
3. Minimum employment: At least 3 years in business
4. Minimum Annual Income: Net profit Rs. 60000 per annum for standard cars and Rs.100000 per annum for mid-sized and premium cars

Car Loan for Major Car Manufacturers in Mangalagiri

TABLE WILL APPEAR

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Processing Fees/ Prepayment Charges on Car Loan in Mangalagiri

CIBIL Score Required for Car Loan Mangalagiri

A CIBIL score above 750 or 750 is considered to be excellent, and it attracts a lower interest rate for car loans in Mangalagiri. However, CIBIL score between 650 to 750 might be taken if you have a good income but with a slightly higher rate of interest. If your CIBIL score is very low, then your car loan application might be disapproved.

Most of the institutions prefer to give loans only with a minimum CIBIL score of 750. The institutions not only look at the overall score but also examine the detailed behaviour on the previously taken loans. This includes details on the loan type and the loan amount borrowed. Any late payments for previous loans can act as a barrier to your availing of a new loan.

Check your CIBIL score in your credit report for more information on the score.

Car Loan Mangalagiri Contact Number

Call us at 9878981166 to get on car loans in Mangalagiri and exclusive offers on car loans.

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Pre Calculated EMI Table for Car Loan Mangalagiri

You can calculate your EMI here: Car Loan EMI Calculator

Car Loan EMI Calculator Mangalagiri

About Mangalagiri

Mangalagiri is a town in Guntur district located between the twin cities of Vijayawada and Guntur in Andhra Pradesh, India. It is a part of the Andhra Pradesh Capital Region. The major occupation of the town is the production of handcrafted dyed fabric.

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