Car Loan Tenali | Interest Rate @8.99% p.a

Best Banks for Car Loan in Tenali

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 Tenali Features

car loan tenali

Nowadays car loan is not very difficult to get and is not a luxury anymore like it used to be a decade ago, today everyone wants to have a car, and this process is made simple by dialabank by bringing you the best car deals online at a single platform for you to compare, analyze and apply for car loan online without having to worry about them more. You can get car loan tenali at the earliest and with a very pleasing service that you will not forget only with dialabank.

Car Loan Tenali 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

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Car Loan Tenali Documents Required

Documents required for car loan are as followed:

For Salaried Employees

Passport copy, PAN Card, Voters ID card, Driving License is required as an identity proof.
The latest 3-month salary slip with form 16 of the applicant is required as income proof .
Ration card/Driving license/Voters card/Electricity Bill/Life Insurance Policy/Passport Copy/Telephone Bill/PAN Card of the applicant for address proof
The Last 6 months bank statement of the applicant is needed by the bank.

For Self Employed

Passport copy, PAN Card, Voters ID card, Driving License is required as an identity proof.
Latest Income Tax Report of the applicant of Tenali.
Ration card/Driving license/Voters card/Electricity Bill/Life Insurance Policy/Passport Copy/Telephone Bill/PAN Card of the applicant for address proof
Last 6 months bank statement of the applicant is needed by the bank.

Car Loan Tenali Eligibility Criteria

The car loan eligibility requirements are as followed:

For Salaried Employees

Minimum Annual Income: Rs 100000 net annual income is required by the banks..
Minimum age: 21 years old is required by the banks.
Maximum age at loan maturity: 65 years old is required by the banks.
Minimum employment:– 1 year in current employment and a minimum of 2 years of employment is required by the banks.s.

For Self Employed

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

Car loan for Major Car Manufacturers in tenali

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TABLE WILL APPEAR

Processing Fees & Prepayment Charges on Car Loan Tenali

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 Tenali

CIBIL score of 750 and above is required to get loan faster without any hassle and also at a lower rate of interest else you have to pay a high rate of interest.

Car Loan Tenali Contact Number

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You can get a car loan Tenali easily from dialabank by contacting the number 9878981166. Or you can simply visit our website at Dialabank.

Pre Calculated EMI Table for Car Loan Tenali

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

About Tenali

Tenali is a city in the Guntur district of the Indian state of Andhra Pradesh. It is a municipality and the headquarters of the Tenali Mandal and Tenali revenue division. The city is renowned for art, cultural, drama and hence, it is often referred with the nickname as Andhra Paris

Car Loan EMI Calculator

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Car loan EMI can be calculated by 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 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.