Car Loan Srikakulam

Best Banks for Car Loan in Srikakulam

Car Loan Srikakulam Features

A car loan is a financial help provided by banks and NBFC’s to fulfill your dream of having your luxury car. They provide necessary funding for purchasing 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 repayment 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 Srikakulam Interest Rate

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To check Car Loan Interest Rate for all major banks you can visit: Car Loan Interest Rates

Car Loan Srikakulam Documents Required

The following are the Documents required for car loan for applicants from Srikakulam:

For Salaried Employees

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

For Self Employed

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

Car Loan Srikakulam Eligibility Criteria

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

For Salaried Employee

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

For Self Employed

1. Minimum age: 21 years old for salaried and 30 years for self-employed
2. Maximum age at loan maturity: 65 years old
3. Minimum employment:  at least 3 years in business
4. 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 Srikakulam.

Car Loan for Major Car Manufacturers in Srikakulam

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Processing Fees & Prepayment Charges on Car Loan Srikakulam

CIBIL Score Required for Car Loan in Srikakulam

Every lending institution has its criteria for the minimum CIBIL score required for processing the Car Loan application in Naihati so that they can minimize the risk of lending to you and also if your CIBIL score is low you get an interest rate at a much high-interest rate than others. Most institutions require a minimum score of CIBIL of 750 or above to process your loan application. Also having a good CIBIL score helps to loans at a cheaper rate of interest.

The institutions don’t just look at the overall score but also the detailed behavior on the previous loans taken. This includes details on the type of loan taken and the amount borrowed. Any delayed payments for previous loans can act as a barrier to your avail fresh car loan loan.

Car Loan Srikakulam Contact Number

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You can get a car loan Srikakulam easily from dialabank by contacting the number 9878981166.

You can also visit our website Dialabank

Pre Calculated EMI Table for Car Loan Srikakulam

About Srikakulam

Srikakulam is a city and the headquarters of the Srikakulam district in the Indian state of Andhra Pradesh. As of the 2011 census, it is one of the most populated cities of Andhra Pradesh state with a population of over 146,988.

There are many tempting spots of Buddhist Tourism such as Salihundam, Kalinga Patnam, Dabbaka Vaani Peta, Nagari Peta, Jagati Metta, etc. in Srikakulam District. The Buddhist heritage site of Salihundam constitutes many unique features. It is embraced by a beautiful star atop a stupa, rock-cut massive stupas inside chaitya grihas, brick stupas with wheel pattern plan, votive stupas, inscriptions on the steps leading to the stupas, and a museum housing over two dozen sculpted statue and figurines of Buddha, Jain Teerthankars and other deities.

Car Loan EMI Calculator

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Car loan EMI can be calculated by the Car loan EMI Calculator provided by Dialabank. It is free to use and you can use it an infinite number of times. Equated Monthly Installments(EMI) is the monthly fixed charges that you pay to the bank as monthly repayment for the loan amount borrowed. Based on the profile, the interest rate on the loan is determined. EMI is calculated based on the Lowest Car Loan Interest Rate you are charged by the bank and the amount of loan you have to take and the period for which you enjoy the car loan.

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