Car Loan Cuddalore

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Car Loan Cuddalore

Best Banks for Car Loan in Cuddalore

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 Cuddalore Features

car loan cuddalore

If you want to own a car without a financial burden, you have come to the right place. Car loans are offered by banks and NBFCs, and Dialabank is here to help you avail those loans easily for both brand-new and second-hand cars, and for both ex-showroom and on-road prices. If you are a resident of Cuddalore, you have access to a wide range of appealing features for a  car loan: –

  • Car loans are available at low interest rates which may vary from bank to bank so make sure you compare and choose what fits best for you!
  • Loans are offered for periods of 1 to 7 years and you can choose your own tenure
  • Almost all major banks and NBFCs offer car loans in Cuddalore
  • The documentation process is quick and car loans are easily available through DialaBank. We make sure our customers fulfill their dreams as soon as possible.

Car Loan Cuddalore 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

Car Loan Interest Rate Online

Apply for a Car Loan

Car Loan Cuddalore Documents Required

Documents required for car loan are as followed:

For salaried:

  • Identity Proof- Passport copy, PAN Card, Voters ID card, Driving license
  • Income proof- Latest 3-month salary slip with form 16
  • Address proof- Ration card / Driving license / Voters card / Passport Copy / Telephone Bill / Electricity Bill / Life Insurance Policy /PAN Card
  • Bank statement of the last 6 months

For self-employed:

  • Identity Proof- Passport copy, PAN Card, Voters ID card, Driving license
  • Income proof- Latest ITR proof
  • Address proof- Ration card / Driving license / Voters card / Passport Copy / Telephone Bill / Electricity Bill / Life Insurance Policy /PAN Card
  • Bank statement of the last 6 months

Car Loan Cuddalore Eligibility Criteria

car loan cuddalore

The car loan eligibility requirements are as followed in Cuddalore:

For salaried:

  • The minimum age of 21 years old and the maximum age of 60
  • The applicant should be at least 1 year in current employment and a minimum of 2 years of total employment
  • The individual has to have Rs.100,000 net annual income

For self- employed:

  • The minimum age of the applicant should be 30 years and the maximum age should be 65
  • The individual should at least be 3 years in business
  • They should have a net profit of Rs.60,000 p.a for standard cars and Rs.100,000 p.a for mid-sized and premium cars

Car Loan for Major Car Manufacturers in Cuddalore 

TABLE WILL APPEAR

Processing Fees & Prepayment Charges on Car Loan Cuddalore

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 Cuddalore

Apply for a Car Loan

The CIBIL score is referred to as what defines your ability to pay off your credits and is based on your repayment history.

A higher Credit score means good credit history and makes your car loan application process smooth and easy to be processed, while a low score can charge you a higher interest rate. In case of a ‘no credit’ or a ‘bad credit’, you can show any rented utilities in your name to show that you are a trustworthy applicant and make payments regularly.

Mostly, banks and NBFCs consider a credit score of 750 and above as a good score to approve your loan application process in Cuddalore. This score may again vary.

Car Loan Cuddalore Contact Number

In case of any queries regarding the car loan in Cuddalore, you may contact us on the number 9878981166 for assistance.

Pre Calculated EMI Table for Car Loan Cuddalore

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

 EMI Calculator

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