Car Loan Dharmapuri

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Car Loan Dharmapuri

Best Banks for Car Loan in Dharmapuri

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 Dharmapuri Features

car loan dharmapuriA  car loan is what allows an individual to fulfill his dreams of owning his own car. Since the prices of cars have accelerated in recent years, a car loan is not essential that anytime before. All major banks and NBFCs offer car loans in Dharmapuri at affordable interest rates and easy documentation. The main car loan features are as follows:

  • Easy documentation
  • Low-interest rates
  • Quick Disbursal of loan

Car Loan Dharmapuri 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 Car Loan Interest Rate for all major banks you can visit: Car Loan Interest Rates

Car Loan Interest Rate Online

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Car Loan Dharmapuri Documents Required

Documents required for car loan are as followed:

For salaried:

  • Passport copy, PAN Card, Voters ID card, Driving License, or whichever possible as identity proof is required.
  • Income Proof: Latest 3-month salary slip with form 16
  • Ration card / Passport Copy / Telephone Bill / Electricity Bill / Life Insurance Policy is required to apply for a car loan.
  •  Last 6 months bank statement to be submitted.

For self-employed:

  • Passport copy, PAN Card, Voters ID card, Driving License, or whichever possible as identity proof is required.
  • Income Proof: Latest Income tax returns required.
  • Ration card / Passport Copy / Telephone Bill / Electricity Bill / Life Insurance Policy is required to apply for a car loan.
  •  Last 6 months bank statement to be submitted.

Car Loan Dharmapuri Eligibility Criteria

The car loan eligibility requirements are as followed:

For salaried:

  •  The minimum age of the applicant to apply for a car loan is 21 years.
  • The maximum age limit of the applicant to apply for the loan maturity is 65 years.
  • 1 year in current employment is essential and also a minimum of 2 years of employment must be applicable.
  •  The annual income should get more than Rs.3lakhs and also for the standard cars, the applicant’s income should be more than 3 lakhs annually.

For self-employed:

  •  The minimum age of the applicant to apply for a car loan is 21 years.
  • The maximum age limit of the applicant to apply for the loan maturity is 65 years.
  •  The applicant should have an operational business of at least 3 years in business. So that the applications will get approval quickly and also the applicant should submit income tax return(ITR) files.
  •  The net annual income should be more than 4lakhs also for the standard cars.

Car Loan for Major Car Manufacturers in Dharmapuri

TABLE WILL APPEAR

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Processing Fees & Prepayment Charges on Car Loan Dharmapuri

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 Dharmapuri

CIBIL score plays an important role while getting a loan. In case your CIBIL score lies between 750-900, you will get quick loan approvals at an affordable rate of interest. But if the CIBIL score is less than 700 then your application might even get rejected. So, check your CIBIL score before you apply for a car loan. If you have paid your EMIs on time in the past then your CIBIL score will be higher. And if you do not repay your EMI frequently your CIBIL score will be reduced. The applicant has to pay monthly EMIs according to there schedule of the bank on the loan amount.

Car Loan Dharmapuri Contact Number

For instant help regarding car loan Dharmapuri or any queries, you may contact on 9878981166.

Pre Calculated EMI Table for Car Loan Dharmapuri

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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