Best Banks for Car Loan in Mangalore
Car Loan Mangalore Features
Looking to buy your first dream car? Then why are you waiting?
Get a car loan!
Buying a car is not feasible always for everyone. Especially for middle-class people, it can be a difficult task. It is important to keep certain precautions in mind as before making big decisions to buy a car these days has become a symbol of status.
You can fulfill your dream of availing your dream car once you meet the necessary requirements like valid or acceptable CIBIL score, required documentation, etc.
Car Loan Mangalore Interest Rate
Car loan interest rates vary among different car loan providers banks. Check the table below to know the pertaining rates. These rates keep changing from time to time.
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 Mangalore 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 Mangalore Eligibility Criteria
The car loan eligibility requirements are as followed:
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 Mangalore?
Availing a car loan Mangalore 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 Mangalore
TABLE WILL APPEARProcessing Fees & Prepayment Charges on Car Loan Mangalore
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 Mangalore
The CIBIL score is referred to as your ability to pay off your credits. A higher Credit score means good credit history and makes your car loan application process smooth and easy.
Mostly, banks and NBFCs consider a credit score of 750 and above as a good score to approve your loan application process in Mangalore. This score may again vary from bank to bank.
In case of a low CIBIL score than the required value, you will be required to pay a high rate interest rate on the loan amount. Thus, a CIBIL score is an important factor in a car loan.
Apply for a Car LoanCar Loan Mangalore Contact Number
Dial us up at +919878981166 to get more information about car loans at Mangalore 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 Mangalore
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 Mangalore
Mangalore (or also called as Mangaluru) is an Arabian Seaport and a major commercial center in the Indian state of Karnataka. It’s the best home to the Kadri Manjunath Temple, also known for its bronze statues, and the 9th-century Mangaladevi Temple. Its Catholic sites also include Milagres Church, dating to the 17th century, and St. Aloysious Chapel, which also features interior paintings. Tannirbhavi Beach is most popular for its sunset views
Apply for a Car LoanCar Loan EMI Calculator
Repaying the loans in EMIs will make your monthly budget, as well as effective as paying in time, will also improve your Credit score.
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