Car Loan Medak

Car Loan Medak

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 Medak

Feature	HDFC Bank	Private Bank	Kotak Mahindra Bank
Interest Rate (p.a.)	7.35 - 7.95%	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 Medak Features

car loan medak Buying a car is not a normal task for everyone. especially for middle-class people, it is a great event. So they take large precautions and make heavy decisions to buy a car these days it becomes a symbol of status. get a car loan with a good CIBIL score and minimum documents of car loan. by submitting all those we can get the loan at a good rate of interest. you can repay the loan by EMIs so there will not be any effect for the monthly budget.

Car Loan Medak Interest Rate

Apply for a Car Loan

Car loan interest rates change every time, again and again, so it’s important to monitor them. Your loan’s interest rate impacts the amount you’re going to pay for the month to month. Furthermore, a lower interest rate can mean a huge number of rupees in savings. Our rate table can assist you in realizing the best ideal opportunity to purchase a vehicle.

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 Medak Documents Required

The following are the documents required for a car loan for applicants from Medak:

For Salaried Employees

Proof of Identity: Passport copy, PAN Card, Voters ID card, Driving License of the applicant whichever available with you.
Address Proof: Ration card/Telephone Bill/Electricity Bill/Life Insurance Policy/PAN Card of the applicant whichever available with you
Income Proof: Latest 3-month salary slip with form 16 of the applicant
Bank Statement: previous 6 months bank transaction statement of the applicant

For Self Employed

Proof of Identity: Passport copy, PAN Card, Voters ID card, Driving License of the applicant whichever available with you.
Address Proof: Ration card/Telephone Bill/Electricity Bill/Life Insurance Policy/PAN Card of the applicant whichever available with you
Bank Statement: previous 6 months bank transaction statement of the applicant
Income Proof: Latest Income Tax Report of the applicant from Medak

Car Loan Medak Eligibility Criteria

The eligibility criteria for a car loan to be fulfilled by the applicants of Medak are:

For Salaried Employee

Minimum age: 21 years old for salaried and 30 years for self-employed
Maximum age at loan maturity: 65 years old
Minimum Annual Income: Rs 100000 net annual income is considered in Medak
Minimum employment: 1 year in current employment and a total of 2 years of employment experience in the past

For Self Employed

Minimum age: 21 years old for salaried and 30 years for self-employed
Maximum age at loan maturity: 65 years old
Minimum Annual Income: Net profit Rs. 60000 p.a for standard cars and Rs.100000 per annum for mid-sized and premium cars for the applicant of Medak.
Minimum employment: at least 3 years in business

Car Loan for Major Car Manufacturers of Medak

Apply for a Car Loan

TABLE WILL APPEAR

Processing Fees & Prepayment Charges on Car Loan Medak

check here for the processing Fees and Prepayment charges on a car loan.

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 Medak

CIBIL score plays a key role while getting the loan. if your Cibil score is between 750-900. then you will get the quick loan approvals. if the Cibil score is less than 700 then your application will be pending. so, check your Cibil score before you apply for the loan. if you pay your EMIs in time then your Cibil score will be increased. if you do not repay Your EMI your Cibil score will be reduced. the applicant has to pay monthly EMIs according to there schedule of the bank.

Car Loan Medak Contact Number

Apply for a Car Loan

To get instant help and any more queries, you can call 9878981166.

Or visit us at Dialabank

Pre Calculated EMI Table for Car Loan Medak

check here of Pre calculated EMI table for a car loan.

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 Medak

Medak is a town in Medak district located in the Indian states of Telangana. Medak is the major revenue division of that area. Medak municipality was formed in the year 1953. It is spread over an area of 22.00 km²