Telangana Bank Car Loan Key Features – Jan 2021
| Interest Rate | 7.35% per annum |
| Min Loan Amount | ₹ 1,00,000 |
| Max Loan Amount (Loan to Value) |
Loan up to 80% -100% of On Road Price |
| Loan Tenure | 1 year to 7 years |
| Lowest EMI / Lac | ₹ 1,526 |
| Minimum Net Monthly Income | ₹ 20,000 |
| Minimum ITR for Self Employed | ₹ 300,000 |
| 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 Vehicles (SUVs) |
| Processing Fee | Up to 0.40% of the loan amount |
| Foreclosure Charges | NIL |
| Basic Documentation | ID Proof, Address Proof, Salary Slip, Bank Statement, and Car Quotation |
About Telangana Bank Car Loan
Telangana Bank provides Car Loan who wants to purchase a Car. It offers you flexible repayment options. Also, Telangana Bank provides low-interest rates for higher loan amounts for Car Loans.
Telangana Bank offers Car Loans at an attractive rate of interest to the customer for buying a car whether new or second hand. A car loan is easily available which can be got by anyone with a good credit/CIBIL score.
Advantages of Telangana Bank Car Loan
Telangana Bank Car Loan Eligibility
Eligibility criteria for a car loans are discussed in the below contents.
| Salaried Individual |
|
| Self-Employed Individuals |
|
| Self-Employed Non-Individuals (Company/Partnership) |
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| Priority Customers |
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Telangana Bank Car Loan Interest Rate, Fees, and Charges
Details on car loan interest rate and other charges are given below:
| Charges | New Car Loan | Used Car Loan |
| Interest Rate | 7.35% per annum |
Starts@11.20% |
| Processing fee | 0.40% of the loan amount | 0.40% of the loan amount |
| Issuance of Duplicate Repayment Schedule Charges | Rs.500 per instance | Rs.500 per instance |
| Foreclosure Charges | NIL | NIL |
| Penal Interest | 2% per month | 2% per month |
| Part Payment charges | 2% of the paid amount | 2% of the paid amount |
| Cheque/Instrument Swap Charge | NIL | NIL |
| Documentation Charge | Rs.1,500 per instance | Rs.1,500 per instance |
| Issuance of Duplicate No Dues Certificate Charges | NIL | NIL |
| Registration Certification Collection Charge | NIL | NIL |
| Cheque Bounce/Instrument Return Charges | Rs. 150 +GST | Rs. 150+ GST |
| Issuance of Duplicate Statement Charges | NIL | NIL |
| Loan Cancellation/Re-booking Charges | NIL | NIL |
| Issuance of Credit Report | Rs.50 per instance | Rs.50 per instance |
Telangana Bank Car Loan Documents Required
Documents required for the car loans and other eligibility are discussed below.
Salaried Individual
| Category | Documents Required |
| Identity Proof
(Any 1) |
Driving Licence Aadhaar Card Passport PAN Voter ID |
| Address Proof
(Any 1) |
Driving Licence Aadhaar Card Passport PAN Voter ID |
| Date of Birth Proof
(Any 1) |
Birth Certificate Passport Driving Licence PAN |
| Signature Proof
(Any 1) |
Passport Bankers Verification PAN |
| Income Proof | Latest Form 16 and Salary Slips |
| Bank Statement | Bank statement of last 3 months |
| Employment Continuity Proof | Work Experience Certificate ITR of Form 16 Salary Slip with Joining Date Appointment Letter Letter of Relieving |
Self-Employed Individuals
| Category | Documents Required |
| Identity Proof (Any 1) | Driving Licence Aadhaar Card Passport PAN Voter ID |
| Address Proof (Any 1) | Driving Licence Aadhaar Card Passport PAN Voter ID |
| Date of Birth Proof (Any 1) | Birth Certificate Passport Driving Licence PAN |
| Signature Proof (Any 1) | Passport Bankers Verification PAN |
| Income Proof | Latest Form 16 and Salary Slips |
| Bank Statement | Bank statement of last 3 months |
| Employment Continuity Proof | Shop & Establishment Act Certificate Current Account Statement SSI or MSME Registration Certificate Sales Tax or VAT Certificate |
| Business Proof | Current Account Statement Telephone Bill Electricity Bill Shop & Establishment Act Certificate SSI or MSME Registration Certificate Sales Tax or VAT Certificate Registered Lease Document with other utility bills |
Self-Employed Non-Individuals
1. Partnership Firms/Societies
| Category | Documents Required |
| Identity Proof (Any 1) | Driving Licence Aadhaar Card Passport PAN Voter ID |
| Address Proof (Any 1) | Driving Licence Aadhaar Card Passport PAN Voter ID |
| Income Proof | Audited Balance Sheet P&L Account and ITR for the previous 2 years |
| Bank Statement | Bank statement of last 3 months |
| Business Continuity Proof | Shop & Establishment Act Certificate Current Account Statement SSI or MSME Registration Certificate Sales Tax or VAT Certificate |
| Additional documents | Authority Letter/PAN cards |
2. Private Limited/Limited Companies
| Category | Documents Required |
| Identity Proof | Copy of Latest MOA Copy of Incorporation Copy of Latest AOA |
| Address Proof (Any 1) |
Current Account Statement
Telephone Bill Electricity Bill Shop & Establishment Act Certificate SSI or MSME Registration Certificate Sales Tax or VAT Certificate Registered Lease Document with other utility bills |
| Income Proof | Audited Balance Sheet P&L Account and ITR for the previous 2 years |
| Bank Statement | Bank statement of last 3 months |
| Business Continuity Proof | Shop & Establishment Act Certificate Current Account Statement SSI or MSME Registration Certificate Sales Tax or VAT Certificate |
| Additional documents |
List of Directors and Shareholding Partners
PAN Card Board Resolution Certificate of Commencement of Business for Ltd. Co. |
Telangana Bank Car Loan EMI Calculator
An applier has the choice to check the EMI’s before getting a Car Loan for Telangana Bank. So, you can easily check through the link below:
Telangana Bank Car Loan Types
Telangana Bank offers different types of car loans to its customers. You have the choice of choosing the offer which suits you. It offers the following types of Car Loans:
- New Car Loan – If you need to buy a new car, this is the scheme for you. You can avail Car Loan online from Telangana Bank for a minimum of Rs. 1 lakh and a minimum tenure of 7 years.
- Used Car Loan – If you want to purchase a used car from Telangana Bank then you can choose to offer a minimum loan of Rs. 1 lakh and a minimum tenure of 5 years.
- Loan Against Car – You can opt for this scheme if you need urgent funds where you can keep your cars as security with the bank.
Telangana Bank Car Loan Pre Calculated EMI
| Loan Amount | 2 Years | 3 Years | 5 Years | 7 Years |
| 1 Lakh | ₹ 4,480 | ₹ 3,090 | ₹ 1,982 | ₹ 1,512 |
| 3 Lakh | ₹ 13,439 | ₹ 9,270 | ₹ 5,947 | ₹ 4,535 |
| 5 Lakh | ₹ 22,398 | ₹ 15,450 | ₹ 9,912 | ₹ 7,559 |
| 10 Lakh | ₹ 44,795 | ₹ 30,900 | ₹ 19,825 | ₹ 15,117 |
How to Apply for Telangana Bank Car Loan? 
- Visit Dialabank and fill a form online.
- Our Relationship Manager will call you and guide the process.
- You can compare various offers from banks and choose according to your suitability.
- You can easily apply for a Car Loan with Dialabank and enjoy the best offers.
Telangana Bank Car Loan for Top Selling Cars
Other Available Products from Telangana Bank
| Telangana Bank Personal Loan | Telangana Bank Gold Loan | Telangana Bank Home Loan |
| Telangana Bank Credit Card | Telangana Bank Two Wheeler Loan | Telangana Bank Education Loan |
FAQs for Telangana Bank Car Loan
✅ What is Telangana Bank Car Loan?
Telangana Bank Car Loan is a car loan for you to buy a new car and a used car as well.
✅ How can I get a Car Loan from Telangana Bank?
You can get a car loan from Telangana Bank by visiting the nearest branch of Telangana Bank. You will get the benefit to apply from anywhere.
✅How does Telangana Bank Car Loan work?
Telangana Bank offers car loans at affordable interest rates. You can avail of a car loan easily and quickly. Telangana Bank provides flexible loan tenure duration.
✅What is the Car Loan Interest Rate in Telangana Bank?
The interest rate in Telangana Bank for a car loan starts at
7.35% per annum
.✅How to Check Car Loan status in Telangana Bank?
You must visit the Telangana Bank branch to check your car loan status. Also, you can use the net banking facility of Telangana Bank.
✅How to Calculate Car Loan interest in Telangana Bank?
For the calculation of your car loan interest rate in Telangana Bank, the information required is:
- Loan tenure
- Loan amount
- Interest rate
To calculate your car loan interest in Telangana Bank and EMI through the EMI calculator.
✅What is the maximum loan amount I can avail myself of on a Car Loan from Telangana Bank?
You can avail a maximum loan amount for a car loan from Telangana Bank is up to 80-100% of On Road Price.
✅What is the loan tenure of Telangana Bank Car Loan?
The loan tenure of Telangana Bank for a car loan ranges between 1 to 7 years.
✅Can I get a 100% Car Loan from Telangana Bank?
You can get a loan up to 80-100% of On Road Price for a car loan from Telangana Bank.
✅How much processing fee is applicable on Telangana Bank Car Loan?
The processing fee applicable to Telangana Bank is up to 0.40% of the loan amount for getting a car loan.
✅What are the EMI options available on Telangana Bank Car Loan?
The EMI options available on Telangana Bank car loans are:
- Electronic Clearance System
- Standing Instruction
- Post Dated Cheques
✅What are the charges for Prepayment in Telangana Bank Car Loan?
Telangana Bank does not have any prepayment charges for availing a car loan.
✅Can I get a top-up loan on my existing Telangana Bank Car Loan?
Yes, you can get a top-up loan on your existing Telangana Bank car loan. Also, get a top-up car loan by visiting the online platform of Dialabank.
✅Do I need to provide a guarantor to avail myself of a car loan from Telangana Bank?
Yes, you can avail of a guarantor for getting a car loan from Telangana Bank. It will increase your car loan eligibility.
✅How to get a Telangana Bank Car Loan Statement?
For getting a car loan statement from Telangana Bank, you can utilize the mobile banking app of Telangana Bank. Also, visit the nearest Telangana Bank branch.
✅How to pay Telangana Bank Car Loan interest online?
You can pay your car loan interest through the net-banking services of Telangana Bank. If you want a low-interest car loan, you must visit Dialabank online.
✅What if I can’t pay the interest on Telangana Bank Car Loan for 3 months?
If you can’t pay the interest on Telangana Bank Car Loan for 3 months, then it will be added to the outstanding loan amount and repayment charges will reframe.
✅How can I apply for EMI Moratorium on Telangana Bank Car Loan?
You can apply for EMI Moratorium on Telangana Bank by visiting the nearby branch of Telangana Bank or you can submit a request through an email. Also, if you want relief for the balance duration, you must apply through Dialabank.
✅What is the number for Telangana Bank Car Loan agent?
The number for the Telangana Bank Car Loan agent is 9878981166.
✅Can I close the Telangana Bank car loan online?
You can close your car loan from Telangana Bank through the net-banking page of Telangana Bank. You have to log in with your details on the net -banking page and pay your car loan.
✅What is Telangana Bank Car Loan Customer Care Number?
The customer care number of Telangana Bank for car loan queries is 9878981166.
✅How can I get NOC from Telangana Bank for a car loan?
You can get a car loan NOC from Telangana Bank after the payment of your car loan.
✅ What is the Telangana Bank Car Loan closure procedure?
- Just go to the bank with the documents.
- Write a letter for pre-closure of the Telangana Bank Car Loan account.
- Pay the pre-closure charges as per Telangana Bank Car Loan.
✅ What are the Telangana Bank Car Loan preclosure charges?
Telangana Bank Car Loan preclosure charges are Nil.
✅ What is the Telangana Bank Car Loan maximum tenure?
The Telangana Bank Car Loan maximum tenure is 7 years.
✅ What is the Telangana Bank Car Loan minimum tenure?
The Telangana Bank Car Loan minimum tenure is 1 year.
| Car Loan Qadian | Car Loan Raikot |
| Car Loan Shadnagar | Car Loan Shimla |
| Car Loan Sivasagar | Car Loan Solan |
| Car Loan Sunam | Car Loan Varanasi |
