Car Loan in Visakhapatnam

Check car Loan Interest Rates of All Major Banks of visakhapatnam Instantly
Bank Name
Floating Interest rate
Processing Fee
IndusInd bank
10.65 %
1% of the loan amount
TATA CAPITAL
12.5 %
1.50% of the loan amount or 6,000 per vehicle, whichever is higher
HDB bank
N/A
N/A
IIFL
12%
Rs. 4,500 to Rs. 8,000 or 1% of loan amount
ICICI
12.75 %
5% on the outstanding principle
AXIS
12 %
Rs.3500 to Ra.5500
Kotak Mahindra Bank
11.50% to 13.50%
N/A
HDFC
8.25% - 14.26% (Avg 9.40%)
Rs. 10,000 or 0.4% of car loan sanctioned
Bank of baroda
9.15 %
Nil
RBL BANK
12 to 14 %
1% of Loan amount.
Federal Bank
9.20%
Rs 1500 to Rs 2500
ABOUT CAR LOAN IN VISAKHAPATNAM

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 visakhapatnam 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 visakhapatnam -

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

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 visakhapatnam

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

Visakhapatnam (also known as Vizag) is the third largest city of Andhra Pradesh. Vizag was given nicknames like the city of destiny and the jewel of the east coast. It is state’s administrative headquarter and the headquarter of Indian Cost Guard. Located in the middle of Eastern Ghats and the coast of Bay of Bengal, the city is the most populous in Andhra Pradesh. And even with such stats, it is one of the major contributors of India’s GDP. Vizag’s cargo port is the fifth busiest in India and has the oldest shipyard. Its history is one of the oldest which goes back to before Christ era. At some point of time, the city was a part of Kalinga region. Due to the fact that the city was ruled by many kingdoms, it has the great amalgamations of many cultures. RK Beach, Simhachalam Temple, Kailashgiri and Visakhapatnam port are the favorite tourist destinations in Vishakapatnam.

TOP LOAN PROVIDERS IN VISAKHAPATNAM
ABOUT ICICI BANK LIMITED, VISAKHAPATNAM, Andhra Pradesh

ICICI Bank is an Indian multinational bank and financial services company. Headquartered in Mumbai, India, the bank currently has a network of ,87 branches and , 7 ATMs across India. The bank became the first Indian bank to list on the New York Stock Exchange in 000. It is India’s largest private sector bank with total consolidated assets of Rs. ,.8 billion (US$ 7. billion) as on March 08.

Bank Details
Product

Account Savings Accounts -in- Account Salary Account PayLater by ICICI Bank Pension Accounts EEFC Account Outward Remittance Child Education Plan New Pension Scheme Agri & Rural Farmer Finance Instant Gold Loan Agri Traders & Processors Agri Corporates Tractor Loan Micro Banking Forex

Insurance

ICICI Lombard ICICI Pru Heart/Cancer Protect ICICI Pru iProtect Smart Car Insurance Pradhan Mantri Jeevan Jyoti Bima Yojana

Banking

Internet Banking Mobile Banking Pockets

Popular Product

Account Savings Accounts -in- Account Salary Account PayLater by ICICI Bank Pension Accounts EEFC Account Outward Remittance Child Education Plan New Pension Scheme Agri & Rural Farmer Finance Instant Gold Loan Agri Traders & Processors Agri Corporates Tractor Loan Micro Banking Forex

Loans

Home Loan Car Loan Personal Loan Education Loan Gold Loan Loans Against Securities Commercial Business Loan Pradhan Mantri Mudra Yojana Stand-Up India Scheme Two Wheeler Loans Business Loan

Cards

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Branches of ICICI BANK LIMITED in VISAKHAPATNAM
ABOUT KOTAK MAHINDRA BANK LIMITED, VISAKHAPATNAM, Andhra Pradesh

Kotak Mahindra Bank Limited is a private sector Indian Bank headquartered in Mumbai, Maharashtra. The bank was founded in 98 and in February 00, Kotak Mahindra Finance Ltd. received the license from the Reserve Bank of India to carry on banking business. It had a network of ,88 full-fledged branches and ,99 ATMs in the country as of March 08.

Bank Details
Product

Deposit Fixed Deposit Recurring Deposit Tax Saving Fixed Deposit Senior Citizen Fixed Deposit Sweep-In Facility

Insurance

Life Insurance Health Insurance Motor Insurance Pradhan Mantri Jeevan Jyoti Bima Yojana Pradhan Mantri Suraksha Bima Yojana Atal Pension Yojana

Banking

Internet Banking Mobile Banking SMS Banking

Popular Product

Deposit Fixed Deposit Recurring Deposit Tax Saving Fixed Deposit Senior Citizen Fixed Deposit Sweep-In Facility

Loans

Home Loan Car Loan Personal Loan Education Loan Gold Loan Loan Against Securities Loan Against Property

Cards

Credit Cards Debit Cards Forex / Prepaid Cards

ABOUT PUNJAB NATIONAL BANK, VISAKHAPATNAM, Andhra Pradesh

Punjab National Bank (PNB) is an Indian multinational banking and financial services company. Established in 89, it is state-owned bank. Headquartered in New Delhi, India, the bank operates through a network of zonal offices, 7 circle offices, 98 branches, and 98 ATMs. PNB also operates a banking subsidiary in the UK, as well as branches in Hong Kong, Kowloon, Dubai and Kabul and representative offices in in Almaty (Kazakhstan), Dubai (UAE), Shanghai (China), Oslo(Norway), and Sydney (Australia). PNB and other major commercial banks were nationalized on 9 July 99.

Bank Details
Product

Saving deposit accounts Current accounts Fixed deposit Capital gain account schemes Corporate banking products Working capital financing

Insurance

Life Insurance Fire Insurance Theft Insurance Health Insurance Travel Insurance Household goods & Accidental insurance

Banking

Net Banking Mobile Banking SMS Banking

Popular Product

Saving deposit accounts Current accounts Fixed deposit Capital gain account schemes Corporate banking products Working capital financing

Loans

Housing loan Car and two wheeler loan Personal loan Professional loan Education loan Mortgage loans MSME Loan Term loans Loan against future lease rentals

Cards

Rupay Credit Card Rupay Debit Card Visa Credit Card Visa Debit Card Mastercard Debit Card Mastercard Credit Card Prepaid Cards

Helpline Number
+91-11-23978046
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