Best Banks for Car Loan in Cherthala
Car Loan Cherthala Features
Apply for a car loan
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
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 Cherthala Documents Required
Documents required for car loan are as followed:
For Salaried Individuals:
- Identification Evidence: Passport copy, PAN Card, Voters ID card, Driving License
- Proof of Income: Latest 3-month salary slip with form 16
- Proof of House: 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:
- Proof of Recognition: Passport copy, PAN Card, Voters ID card, Driving License
- Salary Proof: Latest ITR
- Address Evidence: Ration card/ Driving license / Voters card / Passport Copy / Telephone Bill / Electricity Bill / Life Insurance Policy /PAN Card
- Bank Statement: Last 6 months.
Car Loan Cherthala 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 recent 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: 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
Processing Fees / Prepayment Charges on Car Loan in Cherthala
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 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
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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