Car Loan Cherthala

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Car Loan Cherthala

Best Banks for Car Loan in Cherthala

Feature
HDFC Bank
ICICI Bank
Kotak Mahindra Bank
Interest Rate
8% - 8.4 %
8.5 - 9.5 %
11%
Min Loan Amt
Metro : 1 Lac & Non Metro: 75000
75000
75000
Max Loan Amt
1 Cr
1 Cr
1 Cr
Loan Tenure
Upto 7 Years
Upto 5 Years
Upto 5 Years
Processing Fee
1999 - 4999 + Tax
0.25% to 1.50%
0.25% to 1.50%
Preclosure Chgs
2%, Nil after 24 months
2%, Nil after 36 months
Nil
Loan to Value (LTV)
Upto 100% on Ex- showroom
Upto 95% on Ex- showroom
Upto 90% on Ex- showroom

Car Loan Cherthala Featurescar loan cherthala

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Purchasing a car from your pocket is a difficult task, but there is a saying if all of the doors are shut there is always a ray of hope. Thus, Car Funding is the best way to attain cash in a short time. It is a better way to arrange finances to purchase the dream car with ease.

We provide car loans starting at an attractive rate of interest to both self-employed as well as salaried individuals. We provide car loans on new and used cars.

Some key features of car loan in Cherthala are the following:

  • Easy monthly repayment options are available for you.
  • Instantly car loan available
  • Loan Tenure period varies from 1-7 years
  • There is a provision of an affordable interest Rates offers to fulfill your desires.
  • There are no hidden or additional charges

Car Loan Cherthala Interest Rates

Bank Processing Fee
Prepayment Charges
HDFC Bank Car Loan (1999 - 4999) + Tax
2%, Nil foreclosure charges after 24 months
Axis Bank Car Loan 1 % to 2.50% Nil
ICICI Bank Car Loan 0.25% to 1.50%
2%, Nil foreclosure charges after 36 months
SBI Car Loan 500/- to 0.50% Nil
Kotak Car Loan 1% to 2%
2.25% of fore closure amount if closed 1 month ahead of the tenure.
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

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Car Loan Cherthala Documents Required

Documents required for car loan are as followed:

For Salaried Individuals:

  1. Identification Evidence: Passport copy, PAN Card, Voters ID card, Driving License
  2. Proof of Income: Latest 3-month salary slip with form 16
  3. Proof of House: Ration card, Driving license, Voters Card, Passport Copy, Telephone Bill, Electricity Bill, Life Insurance Policy, PAN Card
  4. Bank Statement: Last 6 months.

For Self Employed Individuals:

  1. Proof of Recognition: Passport copy, PAN Card, Voters ID card, Driving License
  2. Salary Proof: Latest ITR
  3. Address Evidence: Ration card/ Driving license / Voters card / Passport Copy / Telephone Bill / Electricity Bill / Life Insurance Policy /PAN Card
  4. Bank Statement: Last 6 months.

Car Loan Cherthala Eligibility Criteria

The car loan eligibility requirements are as followed:

For Salaried Applicants

  1. Minimum age: 21 years
  2. Maximum age at loan maturity: 65 years
  3. Minimum employment: 1 year in recent employment and a minimum of 2 years of employment
  4. Minimum Annual Income: Rs.100000 net annual income

For Self-Employed Applicants

  1. Minimum age: 21 years
  2. Maximum age at loan maturity: 65 years
  3. Minimum employment: At least 3 years in business
  4. Minimum Annual Income: For standard cars, Net profit Rs. 60000 per annum and Rs.100000 per annum for mid-sized and premium cars

Car Loan for Major Car Manufacturers in Cherthala

TABLE WILL APPEAR

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Processing Fees / Prepayment Charges on Car Loan in Cherthala

Category Details
Processing Charges
1999 - 4999 + Tax
Prepayment
No prepayment is allowed until 12 EMIs are paid
Preclosure
No foreclosure is allowed until 12 EMIs are paid
Prepayment Charges
13-24 months: 2% of loan principal outstanding
>36 months: Nil Charges
Stamp Duty
As per state laws
Cheque Bounce Chgs
₹ 550/chq + GST
Floating Rate of Interest Not Applicable
Overdue EMI Interest
2% p.m.(on overdue amount)
Amortisation Schedule Chgs Rs 200 + GST

CIBIL Score Required for Car Loan in Cherthala

CIBIL score reflects your credit history in the past as well as your defaults in a refund of your previous loans. A good credit score is taken as 750 and above as most of the financial institutions ask for a high credit score. Every bank and NBFC has different norms for a minimum CIBIL score they require to process your Car Loan Cherthala. A Lower CIBIL score than 750 can attract a higher car loan interest rate.

A very low CIBIL score can not be accepted as it is the first thing a bank tracks before processing your car loan. Your record of previous loans is taken into consideration for a car loan. If there are any delay payments for previous loans, it will create a barrier for availing of a fresh loan.

Car Loan Cherthala Agent Contact Number

Apply online with Dialabank and get the best offers on a car loan with instant approval or you can make a missed call on this number for any queries about the car loan in Cherthala  9878981166.

Our customer care executive provides you guidance and assistance to solve your queries.

Pre Calculated EMI Table for Car Loan Cherthala

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 Cherthala

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About Cherthala

Cherthala is a municipal town and a taluk located in Alappuzha district in Kerala state, India. It has a population of 45,827 in 2011. It occupies 187.43 square kilometers. It is 31 km from Kochi and Kottayam and 22km north of Alappuzha town.

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