Best Banks for Car Loan in Cuddalore
Car Loan Cuddalore Features
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
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 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
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
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 Cuddalore
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
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