Car Loan Chidambaram

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Car Loan Chidambaram

Best Banks for Car Loan in Chidambaram

Feature
HDFC Bank
ICICI Bank
Kotak Mahindra Bank
Interest Rate (p.a.)
7.35% - 7.95 %
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 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 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 Chidambaram Documents Required

Documents required for car loan are as followed:

For Salaried Employee

  1. Identity Proof: Passport copy, PAN Card, Voters ID card, Driving License
  2. Income Proof: Latest 3-months salary slip with form 16
  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.

For Self Employed

  1. Identity Proof: Passport copy, PAN Card, Voters ID card, Driving License
  2. Income Proof: Latest ITR of the applicant
  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 requirements are as followed:

For Salaried Employee

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

For Self Employed

  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: Net profit Rs. 60000 p.a for standard cars and Rs.100000 p.a. for mid-sized and premium cars.

Car Loan for Major Car Manufacturers in Chidambaram

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TABLE WILL APPEAR

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 are 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

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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 a 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 free. 

Your EMI depends 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 behavior and CIBIL score affect your loan amount as well as your interest rate. 

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