Best Banks for Car Loan in Gummidipoondi
Car Loan Gummidipoondi Features
Unable to find funds for buying the car of your dreams? Car Loans is the fitting way to finance your car in the best way possible. Banks and NBFCs nowadays provide up to 80-90% funding for the car you want to purchase. Car Loans come at an affordable interest rate without much documentation requirement. In case you have an existing customer relationship with a particular bank then you can get the best deal in the market as per your requirement.
You must note that the car you purchase serves as collateral security for the loan amount sanctioned till the time you repay the outstanding amount.
To avoid any hassle and wastage of time, visit DialaBank to get a fast loan disbursal.
Car Loan Gummidipoondi Interest Rates
Bank
Processing Fee
HDFC Bank Car Loan
(1999 - 4999) + Tax
Axis Bank Car Loan
1 % to 2.50%
Nil
Private Bank Car Loan
0.25% to 1.50%
SBI Car Loan
500/- to 0.50%
Nil
Kotak Car Loan
1% to 2%
IIFL Car Loan
Nil
Nil
Muthoot Car Loan
Nil
Nil
Manappauram Car Loan
Nil
Nil
PNB Car Loan
0.70% to 1%
Nil
Canara Bank Car Loan
0.01
Nil
Andhra Bank Car Loan
Nil
Nil
To check Car Loan Interest Rate for all major banks you can visit: Car Loan Interest Rates
Car Loan Gummidipoondi Documents Required
Documents required for car loan are as followed:
For Salaried Individuals:
- Proof of Identification: Passport copy, PAN Card, Voters ID card, Driving License
- Income Proof: Latest 3-month salary slip with form 16
- Residence Proof: Ration card / Driving license / Voters card / Passport Copy / Telephone Bill / Electricity Bill / Life Insurance Policy /PAN Card
- Bank Statement: Last 6 months.
For Self Employed Individuals:
- Identification Proof: Passport copy, PAN Card, Voters ID card, Driving License
- Income Proof: Latest ITR
- Address Proof(anyone): Ration card/ Driving license / Voters card / Passport Copy / Telephone Bill / Electricity Bill / Life Insurance Policy /PAN Card
- Bank Statement: Last 6 months.
Car Loan Gummidipoondi Eligibility Criteria
The car loan eligibility requirements are as followed:
For Salaried Applicants
- Minimum age: 21 years
- Maximum age at loan maturity: 65 years
- Minimum employment: 1 year in current employment and a minimum of 2 years of employment
- Minimum Annual Income: Rs.100000 net annual income
For Self-Employed Applicants
- Minimum age: 21 years
- Maximum age at loan maturity: 65 years
- Minimum employment: At least 3 years in business
- Minimum Annual Income: Net profit Rs. 60000 per annum for standard cars and Rs.100000 per annum for mid-sized and premium cars
Car Loan for Major Car Manufacturers in Gummidipoondi
TABLE WILL APPEAR Apply for a Car LoanProcessing Fees / Prepayment Charges on Car Loan Gummidipoondi
Category
Details
Processing Charges
Prepayment
Preclosure
Stamp Duty
Cheque Bounce Chgs
Floating Rate of Interest
Not Applicable
Overdue EMI Interest
Amortisation Schedule Chgs
Rs 200 + GST
CIBIL Score Required for Car Loan in Gummidipoondi
Before approving the loan Banks and NBFCs consider the applicant’s CIBIL score as it is an important criterion before approving for a loan. It denotes the creditworthiness of any applicant. The minimum CIBIL score requirement for a car loan varies from bank to bank. Generally, a score above 800 is considered to be decent for any individual to be eligible to apply for a car loan.
The credit history of any applicant must be free of any pending dues or debts to avoid any inconvenience in applying for a loan in the future. Therefore, always check your credit score before applying for a loan.
Car Loan Gummidipoondi Contact Number
To avail instant car loans in Gummidipoondi you can visit our website or call on 9878981166 or visit Dialabank.
Apply for a Car LoanPre Calculated EMI Table for Car Loan Gummidipoondi
Rate | 5 Yrs | 4 Yrs | 3 Yrs |
10.50% | 2149 | 2560 | 3250 |
11.00% | 2174 | 2584 | 3273 |
11.50% | 2199 | 2608 | 3297 |
12.00% | 2224 | 2633 | 3321 |
12.50% | 2249 | 2658 | 3345 |
13.00% | 2275 | 2682 | 3369 |
13.50% | 2300 | 2707 | 3393 |
14.00% | 2326 | 2732 | 3417 |
14.50% | 2352 | 2757 | 3442 |
15.00% | 2378 | 2783 | 3466 |
Car Loan EMI Calculator Gummidipoondi
To check Car Loan EMI you can visit: Online Car Loan EMI Calculator
About Gummidipoondi
Gummudipoondi is a modern town in the Chennai Metropolitan Region of the Thiruvallur area in the Indian territory of Tamil Nadu. Notably, it’s the first legislation of Tamil Nadu. Tamil is the official language for the people of Gummudipoondi town.
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