Car Loan Chidambaram

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Best Banks for Car Loan in Chidambaram

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 Chidambaram Features

With the presentation of fresh out of the box new vehicles in the Indian market week after week, the individuals are getting astounded by various looks of vehicles, yet the significant expense labels dishearten them to purchase those vehicles.Vehicle Loan is the most ideal approach to accomplish money in a little time period which will assist you with arranging assets with no deterrent and bother.car loan chidambaram

A vehicle credit is a money related help gave by banks and NBFC’s to people to satisfy their fantasies about having their vehicle. They give the essential subsidizing as per your qualification for buying a vehicle which can be on Ex-Showroom Price or On-Road Price of the vehicle.

Vehicle Loan is a secured form of a loan with simple reimbursement choices. Low-financing costs EMI alternatives are accessible for vehicle credits in Chidambaram.

Car Loan Chidambaram Interest Rate

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
1%
Nil
Andhra Bank Car Loan
Nil
Nil

 

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

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

Car Loan Chidambaram Documents Required

  1. Identity Proof: Passport copy, PAN Card, Voters ID card, Driving License
  2. Income ProofFor Salaried– Latest 3-month salary slip with form 16 / For Self Employed- Latest ITR
  3. Address Proof: 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 Chidambaram Eligibility Criteria

The car loan eligibility for Chidambaram is as follows:

  1. Minimum age: 21 years
  2. Maximum age at loan maturity: 65 years
  3. Minimum employment: For Salaried- 1 year in current employment and a minimum of 2 years of employment / For Self Employed– at least 3 years in business
  4. 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

How to Apply for Car Loan in Chidambaram?

Apply online on www.dialabank.com

Processing Fees & Prepayment Charges on Car Loan Chidambaram

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 Chidambaram

CIBIL score plays an important role in deciding the approval of a loan. The CIBIL score provides a clear picture of credit history and any outstanding dues standing against the applicant. The credit history is necessary to disburse the loan amount after checking the eligible CIBIL score. Normally, CIBIL scores 750 or above considered as good by many leading banks.

Car Loan Chidambaram Contact Number

Apply online on Dialabank site and get the best offers on a car loan with instant approval and extra benefits or make a call on this number 9878981166

Pre Calculated EMI Table for Car Loan Chidambaram

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

About Chidambaram

Chidambaram is a town and region in the Cuddalore region in the Indian territory of Tamil Nadu.

The travel industry frames the financial base of Chidambaram. There are family unit ventures like weaving is available inside town limits, in any case, there are no significant enterprises in the town.

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

Car Loan EMI Calculator

EMI is the payment which the borrower makes every month to repay the loan. EMI constitutes the principal amount along with the accrued interest. You can use the EMI calculator to calculate your monthly loan EMI payouts. The borrower just needs to enter the variables of the loan such as the principal amount, tenure and interest rate and it instantly fetches an result which is the EMI. Calculating EMI using the online EMI calculator is easy and you get to know your loan EMI in seconds. 

You can use the EMI calculator at Dialabank which is totally free. 

Your EMI depend upon your credit score which should be 750 or more to get a cheaper interest rate. Lender institutions also study your previous loan repayment behavior. Your loan repayment behaviour and CIBIL score affect your loan amount as well as your interest rate. 

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