Car Loan in mysuru

Check Car Loan Interest Rates of all major banks of mysuru Instantly

Bank NameFloating Interest RateProcessing Fee
Bank of baroda 9.15 %Nil
Kotak Mahindra Bank 11.50% to 13.50%N/A
IIFL 12%Rs. 4,500 to Rs. 8,000 or 1% of loan amount
IndusInd bank 10.65 %1% of the loan amount
AXIS 12 %Rs.3500 to Ra.5500
HDB bank N/AN/A
ICICI 12.75 %5% on the outstanding principle
Federal Bank 9.20%Rs 1500 to Rs 2500
TATA CAPITAL 12.5 %1.50% of the loan amount or 6,000 per vehicle, whichever is higher
RBL BANK 12 to 14 %1% of Loan amount.
HDFC 8.25% - 14.26% (Avg 9.40%)Rs. 10,000 or 0.4% of car loan sanctioned

About mysuru

Mysuru is also spelled as Mysore. It is a city located in the southern part of the Indian state Karnataka. It is geographically situated between 12° 18′ 26″ north latitude and 76° 38′ 59″ east longitude. Mysuru is located at an altitude of 2,427 ft. Mysuru City is also the administrative headquarters of the Mysuru district and the Mysuru division.

The city is popular for its heritage structures and palaces, including the Mysore Palace. Mysuru lends its name to many art forms and culture, like Mysore Dasara, the sweet dish Mysore Pak, Mysore Masala Dosa, Mysore Painting, brands such as Mysore Ink, Mysore Sandal Soap, and styles and cosmetics like Mysore Peta (a traditional silk turban) and the Mysore Silk sarees.

Tourism is the prominent industry alongside the traditional industries. The famous tourist's places in Mysuru city are Somanathapura Temple, Brindavan Gardens, Mysore Zoo, Chamundeshwari Temple, Mysore Palace, GRS Fantasy Park, St. Philomena’s Church, Jaganmohan Palace, Talakadu, Karanji Lake, Folklore Museum, Trinesvaraswamy Temple, Nanjangud, Melukote Temple and many others.

About Car Loan in mysuru

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 mysuru 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 mysuru -

No worries for strict eligibility conditions. We tie-up with all the best lenders in the mysuru 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 mysuru

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 mysuru

If you are falling short of funds for buying a car, go for a Car Loan. At mysuru, 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 mysuru. 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.

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 BankingNet BankingMissed Call Banking

Product

Loan, Banking, Credit Card

Loans

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

Card

Syndicate Bank Global Visa Credit Card

Insurance

NA

Popular product

Loan, Banking, Credit Card

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

SMS BankingOnline BankingMobile/Phone Banking

Product

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

Loans

home loanspersonal loansbusiness loanseducation loansauto loansloans against propertyoverdrafts against propertyloans against depositsgold metal loansworking capital finance

Card

Mastercard Credit Card

Insurance

Life InsuranceGeneral InsuranceHealth Insurance

Popular product

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