Car Loan in Mangaluru

About Car Loan in Mangaluru

Bank NameFloating Interest RateProcessing Fee
IIFL12%Rs. 4,500 to Rs. 8,000 or 1% of loan amount
Bank of baroda9.15 %Nil
ICICI12.75 %5% on the outstanding principle
TATA CAPITAL12.5 %1.50% of the loan amount or 6,000 per vehicle, whichever is higher
Federal Bank9.20%Rs 1500 to Rs 2500
AXIS12 %Rs.3500 to Ra.5500
RBL BANK12 to 14 %1% of Loan amount.
HDB bankN/AN/A
HDFC8.25% - 14.26% (Avg 9.40%)Rs. 10,000 or 0.4% of car loan sanctioned
Kotak Mahindra Bank11.50% to 13.50%N/A
IndusInd bank10.65 %1% of the loan amount

About Mangaluru

Mangaluru is also known as Mangalore. It is the chief port city of Karnataka an Indian state. It is located 352 km west of Bangalore (state capital). It is situated between the Arabian Sea and the Western Ghats mountain ranges.

Mangaluru is the second major city in the Karnataka in every aspect after the state capital Bangalore. It is the only city with all modes of transportation including air, road, rail, and sea in Karnataka along with the five other major cities in the country.

Mangaluru is popular with the name of “Gateway of Karnataka”. The city is considered the second-best business destination in Karnataka after Bangalore in India. Various classical dance forms and folk arts are practiced in the Mangaluru city. Like Yakshagana (night-long dance & drama performance), Pilivesha (literally a tiger dance), Karadi Vesha (literally a bear dance).

The famous tourists’ destinations in Mangalaru are Panambur Beach, St Aloysius Chapel, Kudroli Gokarnath Temple, Kadri Manjunatha Temple, Sultan Battery, Kadri Hill Park, Pilikula Park and Golf Course, Tannirbhavi Beach, New Mangalore Port, Rosario Cathedral, Ullal Beach, Milagres Church, Mangaladevi Temple, Surathkal Beach, Sakleshpur, Bejai Museum and many others.

About car Loan in Mangaluru

We aim to create a robust alternative credit ecosystem in the country. For this, we are digitizing the finance functions. Anywhere and everywhere – you can Apply for a Car Loan with just a few clicks.

Now, you can compare and make a wise choice for the best Car Loan in Mangaluru also. We bring forth a myriad of options from best banks and NBFCs for your convenience. It’s simple! Choose your desired product and win amazing assured cash backs up to Rs. 5000 on loan disbursal. Get ready to build a stronger tomorrow.

Eligibility Criteria for Car Loan in Mangaluru -

No worries for strict eligibility conditions. We tie-up with all the best lenders in the Mangaluru and help you with flexible eligibility criteria.

Salaried Individuals

  1. Any one aged between 21 to 60 years is eligible for a car loan.
  2. Good credit score is required for the car loan.
  3. The annual income should be around at least ₹ 2,50,000 to be eligible for a car loan
  4. A salaried individual should have the employment stability of at least 1 year with the current employer

Self-employed individuals -

  1. Any one aged between 21 to 65 years is eligible for a car loan.
  2. The annual income should be around at least ₹ 2,50,000 to be eligible for a car loan
  3. A self-employed individual should have the business stability of at least 2 year with the current employer

Documents Required for Car Loan in Mangaluru

We leverage existing and emerging technologies to offer you the complete digitalized process. Upload the required documents; it will take a few minutes.

  1. KYC documents like Voter ID Card, Electricity Bill, Aadhaar Card, PAN Card, Passport, Ration Card, and Driving License
  2. Salaried individuals need to furnish salary slips for the last 6 months
  3. Self-employed individuals need to showcase Income Tax Return (ITR) for the last 2 years
  4. Pro-forma invoice of the vehicle
  5. Your net worth proof like that of fixed deposits
  6. Signature verification proof
  7. 2 recent size passport photographs

Benefits & features of taking a Car Loan in Mangaluru

If you are falling short of funds for buying a car, go for a Car Loan. At Mangaluru, we have a plethora of options with added benefits. Everything is online – you don’t need to visit the bank.

Get ready to leverage the following benefits –

  1. Instant Approval – Yes. SBI, ICICI, HDFC and other players are offering instant paperless approval for Car Loan. Apply at Afinoz, and we will help you avail the Car Loan at best rate.
  2. High Eligibility – Within a just few minutes, we will assess your Car Loan eligibility and suggest you the best available options in Mangaluru. Our process is driven by automated technologies, and we help you get low EMI Car Loan
  3. Balance Transfer – We will make you pay your EMI easily by reducing your debt amount. Transfer your Car Loan Balance to save on money. Some lenders charge fee for a balance transfer.

RBL Bank Limited

About

RBL Bank (Ratnakar Bank Limited) is one of the fastest growing private sector banks in India, headquartered in Mumbai, Maharashtra. Established in August 9, currently the bank operates through a network of branches, 99 banking outlets and 9 ATMs spread across 0 Indian states and union territories. In August 99, the bank obtained Scheduled Commercial Bank status. It is listed on both BSE (Bombay Stock Exchange) and NSE (National Stock Exchange).

Banking

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Online Banking
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Corporate & Institutional BankingCommercial BankingBranch & Business BankingAgri Business BankingDevelopment Banking and Financial InclusionTreasury and Financial Markets Operationssavings accountscurrent accountsfixed deposits

Loans

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Card

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Corporate & Institutional BankingCommercial BankingBranch & Business BankingAgri Business BankingDevelopment Banking and Financial InclusionTreasury and Financial Markets Operationssavings accountscurrent accountsfixed deposits

KARNATAKA BANK LIMITED

About

The Karnataka Bank Limited is ‘A’ Class scheduled commercial bank founded on 8th February 9. Headquartered in Mangaluru in Karnataka, India, the bank has a national presence with a network of 8 branches, 7 ATMs and 0 e-lobbies spread across states and Union Territories. The bank has deployed the most modern information technology like core banking, internet banking and mobile banking etc. to meet customers’ expectation of services, for today and for future. The bank is listed on both the BSE and the NSE.

Banking

core banking
internet banking
mobile banking
Treasury, Corporate/Wholesale Banking
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Loans

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SYNDICATE BANK

About

Syndicate Bank is one of the oldest and major commercial banks in India and was founded in 9. At the time of its establishment, the bank was known as Canara Industrial and Banking Syndicate Limited. The name of the bank was changed to Syndicate Bank in 9. It is headquartered in Manipal, Karnataka and was one of the major commercial banks to be nationalized on 9 July 99, by Government of India. Syndicate Bank operated a network of 0 branches, including ,9 rural, ,7 semi-urban, 8 urban, and 8 metro branches in India; and branch in London, as well as ,8 ATMs as of March 08. Syndicate Bank offers banking products and services to corporate, SMEs and retail customer in India. Its deposit products include savings accounts, current accounts, and term deposits. It also provides retail, agricultural and other priority sector loans. In addition, the bank provides corporate finance such as working capital finance; export credit, term loan finance; loan against receivables; and project finance that includes infrastructure projects. Further, it provides Aadhaar seeding, NEFT/RTGS, online tax payment, online shopping and utility bill payment, and e-filing of income tax returns. Other services include CMS, bancassurance, mutual fund services, and demat services. Syndicate Bank also provides international banking products such as non-resident (external) rupee, non-resident ordinary rupee, resident foreign currency, and foreign currency non-resident accounts, as well as manages exchange companies.

Banking

SMS Banking
Net Banking
Missed Call Banking

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Loan, Banking, Credit Card

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Retail Loan, Agriculture Loan, Priority Sector Loan, SME Loan

Card

Syndicate Bank Global Visa Credit Card

Insurance

NA

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Loan, Banking, Credit Card

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