Car Loan Arakonam

All About Car Loan Arakonam

Best Banks for Car Loan in Arakonam

Car Loan Arakonam Features

If you are a resident of Arakonam, you can easily apply for a car loan to various banks and NBFCs at flexible tenures, for both brand new ones and second-hand cars, and for both ex-showroom and on-road prices. Loans are offered at attractive interest rates, making it convenient for you to fulfil your dream of having your own car. Loans vary according to the model and type of car you wish to purchase, so make sure you choose the right bank as well as the right car dealer. You can also get access to features such as:

• Low-interest rates, which may vary from bank to bank
• Car loans in Arakonam are offered by almost all major banks and NBFCs in the city.
• The documentation process is quick, efficient and hassle-free
• Car loans are easily available through DialaBank

Car Loan Arakonam Interest Rates

To check Car Loan Interest Rate for all major banks you can visit: Car Loan Interest Rates

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Car Loan Arakonam Documents Required

Documents required for car loan are as followed:

For Salaried Individuals

1. Identity Proof: Passport copy, PAN Card, Voters ID card, Driving License
2. Income Proof: – Latest 3-month salary slip with form 16
3. Residence Proof: Any one of the following (Ration card / Driving license / Voters card / Passport Copy / Telephone Bill / Electricity Bill)
4. Bank Statement: Last 6 months.

 For Self Employed

• Identity Proof: Passport copy, PAN Card, Voters ID card, Driving License
• Income Proof: – Latest ITR reports.
• Residence Proof: Any one of the following (Ration card / Driving license / Voters card / Passport Copy / Telephone Bill / Electricity Bill)
• Bank Statement: Last 6 months.

Car Loan Arakonam Eligibility Criteria

The car loan eligibility requirements are as followed in Arakonam:

For Salaried Applicants

1. Minimum age: 21 years
2. Maximum age at loan maturity: 65 years
3. Minimum employment Required:  Minimum of 1 year in current employment and at least 2 years of  total employment
4. Annual Income: A minimum of Rs 100000 per annum.

For Self Employed Applicants

1. Minimum age: 21 years
2. Maximum age at loan maturity: 65 years
3. Minimum employment: a minimum of 3 years in business is required.
4. Minimum Annual Income: at least Rs. 60000 p.a net profit for standard cars and approx. Rs.100000 p.a. for mid-sized and premium car loans.

Car Loan for Major Car Manufacturers in Arakonam

TABLE WILL APPEAR

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Processing Fees & Prepayment Charges on Car Loan in Arakonam

CIBIL Score Required for Car Loan Arakonam

The CIBIL score is referred to as your ability to pay off your credits efficiently.

Although 650 is usually considered as a decent score, it is sometimes close to a poor rating. Hence, it is advisable to have at least a score of 750 and above to get your loan approved easily. This score depends on your credit history and is negatively impacted if you fail to pay your EMIs. This score may again vary from bank to bank.

Car Loan Arakonam Contact Number

Dial-up at 9878981166 to contact us for more information to get the best advice on availing a car loan!

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Pre Calculated EMI Table for Car Loan Arakonam

Car Loan EMI Calculator

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