Car Loan Parvathipuram

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Best Banks for Car Loan in Parvathipuram

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 Parvathipuram Features

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Today everyone dreams of owning a car to make life easier. But not everyone has the needed financial situation. Are you coping with this trouble? Don’t worry. We Dialabank financial services help consumers to compare, analyze, and select the best loans possible.

We provide car loans starts at a reasonable interest rates to both salaried as well as self employed individuals. We provide car loans on used as well as new cars.

Some key features of car loans in Parvathipuram are as follows:

Easy monthly repayment options available for you.
Instantly car loans available
Loan Tenure period ranges from 1-7 years
There is a provision of affordable interest rate offers to fulfil your wishes.
There are no hidden charges.

Car Loan Parvathipuram Interest Rates

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

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Car Loan Parvathipuram Documents Required

A person must review the documents required for a car loan before selecting the loan.

For Salaried Individuals:

Proof of Self: Passport copy, PAN Card, Voters ID card, Driving License
Salary Proof: Latest 3-month salary slip with form 16
One Residence 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:

Name Proof: Passport copy, PAN Card, Voters ID card, Driving License
Earning Proof: Latest ITR
Accommodation Proof(anyone): Ration card/ Driving license / Voters card / Passport Copy / Telephone Bill / Electricity Bill / Life Insurance Policy /PAN Card
Bank Statement: Last 6 months.

Car Loan Parvathipuram Eligibility Criteria

The Eligibility criteria for a car loan, as well as the procedure, must be examined.

For Salaried Applicants

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

For Self-Employed Applicants

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

Car Loan for Major Car Manufacturers in Parvathipuram

TABLE WILL APPEAR

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Processing Fees / Prepayment Charges on Car Loan in Parvathipuram

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 Parvathipuram

CIBIL score gives an idea about your credit history in the past and your defaults in the refund of your previous loans. A good credit score is considered as 750 and above by most of the foundations that provide funds prefer a higher credit score. Every NBFC and bank has different criteria for a minimum CIBIL score they require to process your Car Loan Parvathipuram. A CIBIL score lower than 750 can get a bit of a higher interest rate.

A very low CIBIL score can result in refusal of your loan application as it is the first thing a bank notices before processing your loan application. Your record of previous loans taken are considered for a Car Loan Parvathipuram. If there are any delay in payments for previous loans, it will create an obstacle for availing of a fresh loan.

Car Loan Parvathipuram Agent Contact Number

Apply with Dialabank through the online platform and avail of the best offers on a car loan with instant approval and extra benefits, or you can make a missed call on this number for any queries about the car loan in Parvathipuram 9878981166.

Our customer care executive offers you guidance and assistance to solve your queries about the car loan.

Pre Calculated EMI Table for Car Loan Parvathipuram

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

Car Loan EMI Calculator Parvathipuram

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About Parvathipuram

Parvathipuram is a municipality located in Vizianagaram district in Andhra Pradesh, India. Also, it is a revenue division of the Vizianagaram district. It occupies a 7.24 square kilometres area.

As per the 2011 census, it had a population of 53,844.