Car Loan Sattenapalle

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Best Banks for Car Loan in Sattenapalle

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 Sattenapalle Features

Life is all about upgrading. Be it your career or your car you want to upgrade. We can’t look after your career but we can certainly look after the needs of up gradation of your car. With dialabank you can have easy access to car loans and our relationship managers will make sure you get the cheapest loan available.

Interest Rates for Car Loan Sattenapalle

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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Documents required for Car Loan Sattenapalle

Documents required for car loan are as followed:

For Salaried Individuals:

Proof of Identification: Passport copy, PAN Card, Voters ID card, Driving License
Income Proof: Latest 3-month salary slip with form 16
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:

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

Eligibility for Car Loan Sattenapalle

The car loan eligibility requirements are as followed:

You should be at least 21 years of age to apply for a car loan. The maximum age of a person should be 65 years at the time of maturity of the loan.

For Salaried: You should be having a minimum of 2 years of employment and you should be working for at least 1 year in your current employment. The minimum annual salary required is Rs. 100000 as net annual income.

For Self Employed: You should be in the business for at least 3 years. A net profit of at least Rs. 60000 p.a. should be there for standard cars and Rs. 100000 p.a. for mid-sized and premium cars.

Car Loan for Major Car Manufacturers in Sattenapalle

TABLE WILL APPEAR

Processing Fees & Prepayment Charges on Car Loan Sattenapalle

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 Sattenapalle

CIBIL Score plays a vital role while getting a car loan. The higher your CIBIL score the higher amount amount of loan you will get at minimum time. Generally the reason behind this a CIBIL score usually shows the behavior of the applicant towards his/her credits. If the score is not good means the customer has a bad credit record, he/she might not be good with his/her past and present credits or debts. It may create a big problem for the customer. A CIBIL score of more than 700 is usually considered as a good credit score.

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