Kaveri Grameena Bank Car Loan Key Features – Jan 17 2025
| Kaveri Grameena Bank Car Loan Interest Rate | 7.35% per annum |
| Min Loan Amount | ₹ 100,000 |
| Max Loan Amount | Loan up to 90% of On Road Price |
| (Loan to Value) | or 100% of Ex-showroom Price |
| Kaveri Grameena Bank car Loan Tenure | 12 to 60 months |
| Lowest EMI / Lac | ₹ 1,622 |
| Minimum Net Monthly Income | ₹ 20,000 |
| Minimum ITR for Self Employed | ₹ 2,00,000 |
| Age Criteria | Salaried: 21 years to 60 years Self Employed: 21 years to 65 years |
| Types of Cars | For All New Passenger Cars, Multi Utility Vehicles (MUVs), and Sport Utility Vehicle (SUVs). |
| Kaveri Grameena Bank car loan Processing Fee | 0.40% of the principal amount |
| Foreclosure Charges | 6% (7-12 months) |
| Basic Documentation | Address Proof, Bank Statement, Car Quotation and ID Proof, Experience Proof, Latest Photograph |
About Kaveri Grameena Bank Car Loan
Kaveri Grameena Bank is a Regional Rural Bank established under Regional Rural Banks Act 1976. It was a bank that was jointly owned by the Government of India. It permitted to carry out all kinds of the banking business. Kaveri Grameena Bank offers Car Loans at reasonable interest rates to any interested individual for buying a new or second-handed car. A car loan is easily available, which can be availed by anyone with a good credit/CIBIL score.
Advantages of Kaveri Grameena Bank Car Loan
Kaveri Grameena Bank Car Loan Eligibility
| Salaried Individual |
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| Self-Employed Individuals |
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| Self-Employed Non-Individuals (Company/Partnership) |
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| Priority Customers |
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Kaveri Grameena Bank Car Loan Interest Rate, Fees, and Charges
| Charges | New Car Loan | Used Car Loan |
| Interest Rate | 7.35% per annum |
14.80% p.a. to 16.80% p.a. |
| Kaveri Grameena Bank car loan Processing fee | 0.40% | 0.40% |
| Issuance of Duplicate Repayment Schedule Charges | Around Rs.500 | Around Rs.500 |
| Foreclosure Charges | 6% | 6% |
| Penal Interest | 2% PM | 2% PM |
| Kaveri Grameena Bank car loan Part Payment charges | 6% of the amount | 6% of the amount |
| Cheque/Instrument Swap Charge | Around Rs.500 | Around Rs.500 |
| Documentation Charge | Around Rs. 500 | Around Rs. 500 |
| Issuance of Duplicate No Dues Certificate Charges | Around Rs. 500 | Around Rs. 500 |
| Registration Certification Collection Charge | Around Rs. 200 | Around Rs. 200 |
| Cheque Bounce/Instrument Return Charges | Around Rs. 500 | Around Rs. 500 |
| Issuance of Duplicate Statement Charges | Around Rs. 500 | Around Rs. 500 |
| Loan Cancellation/Re-booking Charges | Around Rs. 1000 | Around Rs. 1000 |
| Issuance of Credit Report | Around Rs. 50 | Around Rs. 50 |
Kaveri Grameena Bank Car Loan Documents Required
Salaried Individual
| Category | Documents Required |
| Identity Proof | Passport Voter ID Aadhar Card Driving License |
| Address Proof | Aadhar Card PAN Driving License Electricity Bill |
| Date of Birth Proof | Passport Birth Certificate High School Marksheet Driving Licence |
| Signature Proof | PAN Bankers Verification Passport |
| Income Proof | Salary Slip and latest Form No.16 |
| Bank Statement | Last 6 month Bank statement |
| Employment Continuity Proof | Job card by NREGA ITR of Form no. 16 Salary Slip mentioned with joining date Letter of Appointment |
Self-Employed Individuals
| Category | Documents Required |
| Identity Proof | PAN Card Passport Voter ID Aadhar Card |
| Address Proof | PAN Card Voter ID Passport Electricity Bill |
| Date of Birth Proof | Birth Certificate Passport Driving Licence PAN |
| Signature Proof | PAN Bankers Verification Passport |
| Bank Statement | Bank statement of last 6 months |
| Employment Continuity Proof | Latest ITRs Shop & Establishment Act Certificate Shop & Establishment Act Certificate Sales Tax or VAT Certificate |
| Business Proof | Registration Certificate Telephone Bill/Electricity Bill Shop & Establishment Act Certificate SSI or MSME Registration Certificate |
Self-Employed Non-Individuals:
Partnership Firms/Societies
| Category | Documents Required |
| Identity Proof | Driving Licence PAN Card Aadhar Card Passport |
| Address Proof | Electricity Bill/Telephone Bill Aadhar Card Driving License Voter ID |
| Income Proof | Audited Balance Sheet P&L Account ITR for the previous 2 years |
| Bank Statement | Last 6 month |
| Business Continuity Proof | Company ITR of the last 2 years Audited Balance Sheet TAX registration Certificate Current Account Statement |
| Additional documents | Letter of Authority or PAN Card |
Private Limited/Limited Companies
| Category | Documents Required |
| Identity Proof | The latest copy of MOA and AOA Copy of Incorporation |
| Address Proof | SSI/MSME Registration Certificate Telephone Bill Electricity Bill Shop & Establishment Act Certificate Sales Tax Certificate |
| Income Proof | Audited Balance Sheet P&L Account and ITR for the previous 2 years |
| Bank Statement | Previous 6 Months |
| Business Continuity Proof | P&L account and ITR of the Company of the past 2 years Audited Balance Sheet Shop & Establishment Act Certificate |
| Additional documents |
List of Shareholding partners and Directors
Board Resolution PAN Card Certificate of Commencement of Business for Ltd. Co. |
Kaveri Grameena Bank Car Loan EMI Calculator
Any interested individual can apply for the Kaveri Grameena Bank Car Loan by visiting the below-mentioned address: Car Loan EMI Calculator.
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
Kaveri Grameena Bank Car Loan Types
Kaveri Grameena Bank Car Loan has many options for interested people. Some of them are:
- New Car Loan – This kind of car loan provides credit to the applicant who is willing to buy a brand new car and provides a tenure of as long as seven years.
- Used Car Loan – With this, you can buy any used car with all necessary documents using the Kaveri Grameena Bank used car loan feature with a tenure of 5 years.
- Loan Against Car – You can use your car as security and get a loan against it for quickly allocating essential funds.
How to Apply for Kaveri Grameena Bank Car Loan?
- Visit Dialabank.
- Fill out the form that is available at the top of the page.
- Wait for our Relationship Manager will get in touch with you.
- You will be helped in comparing the different rates and choose the best way to go about the Kaveri Grameena Bank Car Loan.
- You can get instant approval through Dialabank.
FAQs for Kaveri Grameena Bank Car Loan
What is Kaveri Grameena Bank Car Loan?
Kaveri Grameena Bank Car Loan is a financial product of Kaveri Grameena Bank, which provides loans to the customers for purchasing a Car.
How can I get a Car Loan from Kaveri Grameena Bank?
You can apply for a Car Loan with Kaveri Grameena Bank by directly contacting the branch or apply with Dialabank for exciting offers on a Car Loan.
How does Kaveri Grameena Bank Car Loan work?
Kaveri Grameena Bank provides Loans to applicants willing to purchase a new car, and the car is the only collateral involved in the process. Monthly EMIs are fixed, with interest rates being charged on them.
What is the Kaveri Grameena Bank Car Loan Rates?
7.50% Per Annum is the Minimum Rate of Interest charged by Kaveri Grameena Bank against the loan.
How to Check the Kaveri Grameena Bank car loan status?
You can check your Car Loan status by directly entering your Loan details in the “Loan Status” address on the Kaveri Grameena Bank official website. Or contact your Kaveri Grameena Bank car Loan Department.
How to Calculate Car Loan Interest in Kaveri Grameena Bank?
You can easily calculate the Interest as well as the EMI of your Loan by using Dialabank’s EMI Calculator.
What is the maximum loan amount I can avail myself of on a Car Loan from Kaveri Grameena Bank?
Maximum Loan depends upon the Profile of the applicant and the Price/variant of the car. At the same time, you can get a loan up to 100% value of the ex-showroom price.
What is the loan tenure of Kaveri Grameena Bank Car Loan?
The tenure of the Kaveri Grameena Bank car Loan can go up to 60 months.
Can I get a 100% Car Loan from Kaveri Grameena Bank?
Yes, you can avail 100% Car Loan on the ex-showroom price of the car.
How much Processing Fee is applicable on Kaveri Grameena Bank Car Loan?
0.40% of the principal amount is the basic Processing Fee charged by Kaveri Grameena Bank on Car Loans.
What are the EMI options available on the Kaveri Grameena Bank car loan?
The options available are Step-Up EMI and Balloon EMI.
What are the Kaveri Grameena Bank Car Loan Prepayment charges?
Up to 5% of the outstanding amount can be charged as Foreclosure Charges on Prepayment of the loan, and to know the Kaveri Grameena Bank car loan foreclosure process, you can contact the bank.
Can I get a top-up loan on my existing Kaveri Grameena Bank car loan?
Yes, Kaveri Grameena Bank provides an option of Top-up Loan on Kaveri Grameena Bank Car Loan for existing customers.
Do I need to provide a guarantor to avail myself of a car loan from Kaveri Grameena Bank?
No, Kaveri Grameena Bank Car Loan Doesn’t require any guarantor.
How to get Kaveri Grameena Bank Car Loan Statement?
Get your Kaveri Grameena Bank Car Loan statement by logging in to a car loan portal or Get it directly from the branch.
How to Pay Kaveri Grameena Bank Car Loan Interest Online?
Pay your Kaveri Grameena Bank Bank car Loan online by using Net Banking on Kaveri Grameena Bank’s official website.
What if I can’t pay the interest on Kaveri Grameena Bank Car Loan for three months?
The Bank charges around Rs.100 + GST for each EMI not paid on time.
How can I apply for EMI Moratorium on Kaveri Grameena Bank Car Loan?
You can apply for EMI Moratorium by the direct link provided by the Bank through SMS or By visiting the Kaveri Grameena Bank Official Website.
What is the number for Kaveri Grameena Bank Car Loan agent?
Dialabank is the most reliable Car Loan agent in Kaveri Grameena Bank so Call us at 9878981166.
How to close the Kaveri Grameena Bank car loan online?
You can initiate the Loan Closure procedure online but have to visit the branch to finish it.
What is Kaveri Grameena Bank Car Loan Customer Care Number?
Ring us at 9878981166 for any of your questions.
How can I get a Kaveri Grameena Bank car loan NOC online?
Follow the following steps to get your Kaveri Grameena Bank bank car loan NOC online or to place a Kaveri Grameena Bank car loan NOC request:
> Log in to Kaveri Grameena Bank website with your credentials -> Customer Service -> Service Request -> Product -> Request for NOC.
OR
Visit the nearest Kaveri Grameena Bank Bank Branch.
What is the Kaveri Grameena Bank Car Loan closure procedure?
- Just go to the bank with the documents.
- Write a letter for pre-closure of the Kaveri Grameena Bank Car Loan account.
- Pay the pre-closure charges as per Kaveri Grameena Bank Car Loan.
What are the Kaveri Grameena Bank Car Loan preclosure charges?
Kaveri Grameena Bank Car Loan preclosure charges are up to 5%+ GST.
What is the Kaveri Grameena Bank Car Loan maximum tenure?
The Kaveri Grameena Bank Car Loan’s maximum tenure is 60 months.
What is the Kaveri Grameena Bank Car Loan minimum tenure?
The Kaveri Grameena Bank Car Loan minimum tenure is 12 months.
