car loan

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Buying a car is a very easy job with the availability of Car Loans in Erode. It is a great opportunity for those people who want to accomplish the dream of buying the car. Car has become a symbol of reputation in the society. Thus, you can enhance your reputation with the help of car loan.

 

   Interest Rates for Car Loan in Erode

 

 

New Car Loan Interest Rate (Reducing) Used Car Loan  Interest Rate (Reducing) Processing Fee
10.00 % 13.75% Up to 36 Months 0.50%
17.20% Above 36 Months

 

Why one should choose Car Loan in Erode

  • Easy monthly repayment options.
  • Instantly available.
  • Loan Tenure period varies from 5-7 years.
  • Affordable interest Rates.
  • Easily and quickly available loans.
  • No hidden charges.

Eligibility Criteria for Car Loan

  • Minimum age : 21 years
  • Maximum age at loan maturity: 65 years
  • Minimum employment: For Salaried 1 year in current employment and minimum 2 years of employment / For Self- Employed at least 3 years in business
  • Minimum Annual Income: For Salaried Rs 100000 net annual income / For Self- Employed Net profit Rs. 60000 p.a for standard cars and Rs.100000 p.a. for mid-sized and premium cars
  • Telephone: Must at residence.

Documents you will need to submit

  • Proof of Identity: Passport copy, PAN Card, Voters ID car, Driving License( Laminated, Recent, Legible)
  • Income Proof: For Salaried Latest salary slip with form 16 / For Self- Employed Latest ITR
  • Address Proof: Ration card / Driving license / Voters card / Passport Copy / Telephone Bill / Electricity Bill / Life Insurance Policy PAN Card
  • Bank Statement: Last 6 months

About Erode

Erode is a city and administrative headquarter in Tamil Nadu state of India. The city is situated on the banks of Kaveri River at the center of Southern Indian Peninsula. The city is well known as the “Loom City” and is home to various industries like oil, turmeric manufacturing and textile industries.

 

 

Special Note: Banks do not provide Car Loan to bad credit holder, but one can fulfill their money requirement with Gold Loan easily.

 

 


 

REMINDER SERVICES EMI CALCULATOR

CAR LOAN INTEREST RATES

 

Disclaimer: The information provided on www.dialabank.com is collected from public sources and is believed to be accurate and genuine. This site should be used as a information provider for different product offerings of Insurance companies and the visitor should make an independent verification with the Insurance companies to verify the claims made in the policy before making any purchase. The decision to Apply and/or Purchase a policy is at the sole and complete discretion of the website visitor and Dialabank.com cannot guarantee or can be held liable for loss or damage caused by claims made by insurance companies through their agents, partners, products or services, directly or indirectly.