Car Loan Poranki

Best Banks for Car Loan in Poranki

Car Loan Poranki Features

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Are you searching for a car loan? If yes, then your wait is over as we at Dialabank brings you amazing offers for a car loan in Poranki. We provide the lowest rate of interest for car loans Poranki, which you won’t find anywhere else.

We offer Car loans in Pranki for both Self-employed and salaried people. We offer car loans on new as well as used cars.

A car loan in Poranki is a financial help provided by banks and NBFC’s to fulfill your dream of having your own car. They provide the necessary financing for buying a car which can be on Ex-Showroom Price or On-Road Price of the car. A car loan is a secured loan with easy refund options. The loan amount is offered on Interest charges which vary from bank to bank. One can pay for the vehicle in easy installments.

Car Loan Poranki Interest Rates

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Car Loan Poranki Documents Required

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.

For more information on Documents required for car loan, click on given link.

Car Loan Poranki Eligibility Criteria

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

For more information on Eligibility criteria for car loan, click on given link.

Car Loan for Major Car Manufacturers in Poranki

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Processing Fees/ Prepayment Charges on Car Loan in Poranki

CIBIL Score Required for Car Loan Poranki

A CIBIL score of 750 and above is considered to be very good and it attracts a lower car loan interest rate for car loans in Poranki. However, a CIBIL score between 650 to 750 could be taken if you have a good income but a slightly higher interest rate will be offered in that case. If you have defaulted in your CIBIL score is very low, then your application might not be accepted.

Most institutions prefer to give loans only with a minimum CIBIL score of 750. The institutions don’t just examine the overall score but also examine for the detailed behavior on the previous loans taken. This includes details on the type of loan taken and the loan amount you have borrowed. Any late payments for previous loans can act as a barrier to getting a fresh loan.

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

Car Loan Poranki Contact Number

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

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Pre Calculated EMI Table for Car Loan Poranki

Car Loan EMI Calculator Poranki

About Poranki

Poranki is a part of Vijayawada in Krishna district of the Indian land of Andhra Pradesh. It is established in Penamaluru Mandal of the Vijayawada revenue department. The first and auxiliary school education is imparted by government, supported and private schools, under the School Education Department of the state.

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