Car Loan Devakottai

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Best Banks for Car Loan in Devakottai

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 Devakottai Features

Everyone wants to own a car to fulfil the needs of his/her loved ones. Purchasing a Car requires a huge amount. To buy your dream car, you can opt for Auto Financing. It is an easy process of getting a loan on the Lowest Interest Rates and Affordable EMIs. You can pay for the vehicle in easy instalments. We will assist you in availing the best Car Loan.

Some of the features of car loan Devakottai are:

Up to 90-95%% of the funding available for new cars.
Equated Monthly Instalment is worked out for repayment.
The loan period is usually between 1 to 7 years.
Early settlement of the pending amount is available subject to the pre-payment penalty.
Up to 80-85%% of the funding available for used cars
The interest rate is calculated on the basis of compound interest.

Car Loan Devakottai Interest Rates

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 Devakottai Documents Required

Documents required for car loan are as followed:

For Salaried Individuals:

Proof of Identification: Passport copy, PAN Card, Voters ID card, Driving License
Income Proof: Latest 3-month salary slip with form 16
Residence Proof: Ration card / Driving license / Voters card / Passport Copy / Telephone Bill / Electricity Bill / Life Insurance Policy /PAN Card
Bank Statement: Last 6 months.

For Self Employed Individuals:

Identification Proof: Passport copy, PAN Card, Voters ID card, Driving License
Income Proof: Latest ITR
Address Proof(anyone): Ration card/ Driving license / Voters card / Passport Copy / Telephone Bill / Electricity Bill / Life Insurance Policy /PAN Card
Bank Statement: Last 6 months.

Car Loan Devakottai Eligibility Criteria

The car loan eligibility requirements are as followed:

For Salaried Applicants

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

For Self-Employed Applicants

Minimum age: 21 years
Maximum age at loan maturity: 65 years
Minimum employment: At least 3 years in business
Minimum Annual Income: Net profit Rs. 60000 per annum for standard cars and Rs.100000 per annum for mid-sized and premium cars

Car Loan for Major Car Manufacturers in Devakottai

TABLE WILL APPEAR Apply for a Car Loan

Processing Fees / Prepayment Charges on Car Loan Devakottai

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
Prepayment Charges	>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 Devakottai

CIBIL score plays a key role while getting the loan application processed and thereby availing a fresh loan.

If your CIBIL score lies near to 750, then there are more chances for you to get the quick car loan approval. Whereas, if in case, the CIBIL score is less than 700 then your application might have to suffer. So, it is recommended to check your CIBIL score before you apply for the loan.

If you pay your EMIs in time then your CIBIL score will be increased. In case you fail to repay the instalment, your CIBIL score will be reduced to a certain extent. The applicant has to pay monthly EMIs according to the schedule of the respective bank.

Car Loan Devakottai Agent Contact Number

For loan queries regarding the car loan in Devakottai, reach us at Dialabank or contact us on 9878981166.

Pre Calculated EMI Table for Car Loan Devakottai

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 Devakottai

About Devakottai

Devakottai is one of the major cities comes under the Chettinad area with a rich heritage of houses built with limestone called Karai Veedu in the state of Tamil Nadu, India. This Region is one of the towns in Chettinad belt. This place is famous for its ancient temple Sri Meenakshi Sundareswarar temple, also known as Nagara Sivan Kovil. The town is known for its rich culture where the community of Nagarathars has great importance. The Kandar Sasti Vizha, a festival for the rich culture of Devakottai, has been continuously conducted by Kandar Sasti Vizha Kazhagam for the past 68 years at the Nagara.

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