Car Loan Cuddalore

I have read the Privacy Policy & Agree to Terms & Conditions and authorize Dialabank & its partner institutions to Call or SMS me with reference to my application.

Buy your dream Car

Rates as low as 8.50%*
Up to 100% Funding
Doorstep Service
Hassle-free Disbursal
Unbiased Experts Advice

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
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

Car Loan Cuddalore Documents Required

The essential documents required to get a car loan approved in Cuddalore are as follows:

  • Identity Proof: Documents such as your passport copy, PAN Card, Voters ID card, Driving License
  • Income Proof: for a Salaried individual – Latest 3-month salary slip with form 16, while for a self-employed – Latest ITR proof
  • Address Proof: Anything among your Ration card / Driving license / Voters card / Passport Copy / Telephone Bill / Electricity Bill / Life Insurance Policy /PAN Card
  • Bank Statements: for the last 6 months.

Car Loan Cuddalore Eligibility Criteria

car loan cuddalore

The car loan eligibility requirements are as followed in Cuddalore:

  • Minimum age: 21 years for a salaried individual and 30 years in case of a self-employed
  • Maximum age at loan maturity: 60 and 65 years respectively for salaried and self-employed individuals
  • Minimum employment: for a salaried individual, 1 year in current employment and a minimum of 2 years of total employment, while for self-employed, at least 3 years in business
  • Minimum Annual Income: For a salaried individual, Rs 100000 net annual income, while for a self-employed, the 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 Cuddalore?

Availing a car loan Cuddalore is an easy process with DialaBank. Just follow these steps to avail the best offers:

  • Visit our website www.dialabank.com
  • Click on the car loan option available in the menu
  • Fill in the details regarding the car type and your income
  • Wait as our relationship manager will soon get in touch with you on your provided number.
  • You may also contact our relationship managers on the number 9878981166 in case of any queries regarding the loan.
  • For availing a car loan offline you will have to visit the branch personally, which might turn hectic for you. So we advise you to do it online!
  • Remember, we provide the best and most trustworthy advice.

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

Get a car loan from AXIS bank

Get a car loan from SBI

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

About Cuddalore

Cuddalore is located in the state of Tamil Nadu and rose to prominence during the rule of the Pallava dynasty. It is famous for its various Shiva and Vaishnava temples such as the Pataleeshwarar Temple, the Tiruvaheendirapuram Temple, the Mangalapureeswarar Temple, and the Sudarkozhunthutheesar Temple.

Its population is around 1.7 lakhs.

Car Loan EMI Calculator

Get a car loan from HDFC bank

Get a car loan from Kotak Mahindra bank

Share This

Menu