Car Loan Shimoga

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Best Banks for Car Loan in Shimoga

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 Shimoga Features

car loan shimoga

A car loan which as once a luxury for Indians is now available at an affordable interest rate and tenure which is only provided to you by India’s first financial online service Dialabank and you can get a car loan at the best service and also the fastest service to get a loan and also you can get more offers on car loan either you apply for an ex-showroom price of the loan or on-road price of the loan.

Car Loan Shimoga Interest Rate

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 Shimoga Documents Required

Documents required for car loan are as followed:

For salaried:

Identity Proof: Passport copy, PAN Card, Voters ID card, Driving License for a car loan Shimoga
Income Proof: Latest 3-month salary slip with form 16 for a car loan Shimoga
Address Proof: Ration card/Driving license/Voters card/Passport Copy/Telephone Bill/Electricity Bill/Life Insurance Policy/PAN Card for a car loan Shimoga
Bank Statement: Last 6 months bank statement for a car loan Shimoga

For self-employed:

Identity Proof: Passport copy, PAN Card, Voters ID card, Driving License for a car loan Shimoga
Income Proof: Latest Income Tax Report for a car loan Shimoga
Address Proof: Ration card/Driving license/Voters card/Passport Copy/Telephone Bill/Electricity Bill/Life Insurance Policy/PAN Card for a car loan Shimoga
Bank Statement: Last 6 months bank statement for a car loan ShimogaApply for a Car Loan

Car Loan Shimoga Eligibility Criteria

The car loan eligibility requirements are as followed in Shimoga:

For salaried:

Minimum age: 21 years old of the applicant for a car loan Shimoga
Maximum age at loan maturity: 65 years old of the applicant for a car loan Shimoga
Minimum employment: 1 year in current employment and a minimum of 2 years of employment of the applicant for a car loan Shimoga
Minimum Annual Income: Rs 100000 net annual income of the applicant for a car loan Shimoga

For self-employed:

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

Car Loan for Major Car Manufacturers in Shimoga

TABLE WILL APPEAR

Processing Fees & Prepayment Charges on Car Loan Shimoga

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 Shimoga

Apply for a Car Loan

Do not default on your EMIs or dues, or debt or any other payments to maintain your CIBIL score as good because if you do so then you will have to pay a higher rate of interest on the loan or you may not even get the loan.

Car Loan Shimoga Contact Number

You can get a car loan Shimoga easily from Dialabank by contacting the number 9878981166.

Pre Calculated EMI Table for Car Loan Shimoga

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