Car Loan Gobichettipalayam

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Car Loan Gobichettipalayam

Best Banks for Car Loan in Gobichettipalayam

Private Bank
Kotak Mahindra Bank
Interest Rate (p.a.)
7.35 - 7.95%
8.5 - 9.5 %
Min Loan Amt
Metro : 1 Lac & Non Metro: 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
Loan to Value (LTV)
Upto 100% on Ex- showroom
Upto 95% on Ex- showroom
Upto 90% on Ex- showroom

Car Loan Gobichettipalayam Features

Having a dream of purchasing your car? But don’t have enough funds? Don’t worry. A Car Loan is the right solution for you. Dialabank financial services help customers to compare, analyze, and choose the best loans available in the market across several financial institutions.

Almost all the major lending institutions and banks provide car loans at an attractive interest rate without much paperwork. Other than a brand new car, you can also purchase a preowned car or used car using a used car loan that is offered by numerous financial institutions. Get the best offers on car loan only on applying with DialaBank.

Car Loan Gobichettipalayam 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
Private 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 Gobichettipalayam Documents Required

Documents required for car loan are as followed:

For Salaried Employee

  1. ID Proof: Aadhar Card/ Driving License/ Pan Card/ Passport Copy, etc.
  2. Proof of Address: Water Bill/ Voter ID/ Telephone bill/ Passport Copy
  3. Income Proof: Previous 3 months salary slips or Form 16 of the applicant.
  4. Recent passport size photographs-2 are required.

For Self Employed

  1. ID Proof: Aadhar Card/ Driving License/ Pan Card/ Passport Copy, etc.
  2. Proof of Address: Water Bill/ Voter ID/ Telephone bill/ Passport Copy
  3. Income Proof: Recent tax return files for a self-employed individual
  4. Recent passport size photographs-2 are required.

Car Loan Gobichettipalayam Eligibility Criteria

The car loan eligibility requirements are as followed:

For Salaried Employees

  1. The minimum age for applying a car loan is 21 years and 25 years.
  2. A salaried employee must be working in the current organization for at least a year.
  3. Rs 25000 monthly income is a must for a salaried employee

For Self Employed

  1. The minimum age for applying a car loan is 21 years and 25 years.
  2. In case the individual is a businessman then, their business must be operational and yield profit from at least the past three years.

Car Loan for Major Car Manufacturers in Gobichettipalayam

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Processing Fees & Prepayment Charges on Car Loan Gobichettipalayam

Category Details
Processing Charges
1999 - 4999 + Tax
No prepayment is allowed until 12 EMIs are paid
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 Gobichettipalayam

Banks and NBFCs consider CIBIL score as an important criterion before approving for a loan. It signifies the creditworthiness of any individual. The minimum CIBIL score requirement for financing a car vary from bank to bank. Generally, a score above 800 is considered to be decent for any individual to be eligible to apply for a car loan.

The credit history of any applicant must be free of any pending dues or debts to avoid any inconvenience in applying for a loan. Hence, it is advisable to check your credit score beforehand itself and rectify and correct the dues to ensure a smooth loan approval process in Gobichettipalayam.

Car Loan Gobichettipalayam Contact Number

To avail instant car loans you can visit our website DialaBank or feel free to call on 9878981166. Our employees are always ready to assist you.

Pre Calculated EMI Table for Car Loan Gobichettipalayam

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

You can calculate your EMI here: Car Loan EMI Calculator

About Gobichettipalayam

Gobichettipalayam is the Selection grade municipality in the Indian state of Tamil Nadu. It is the administrative headquarters of the Gobichettipalayam Taluk. Gobichettipalayamis situated at the center of the South Indian Peninsula, 37 Kilometres from the district headquarters Erode (Demanding Gobichettipalayam District),47 kilometres (29 mi) north of Tiruppur, and 80 kilometres (50 mi) east of Coimbatore.

Agriculture and textile industries contribute majorly to the economy of the Gobichettipalayam and is popularly known as the rice bowl of western Tamil Nadu. Gobichettipalayam is situated at 213 metres (699 ft) above sea level, surrounded by Western Ghats.

Special Note: Banks do not provide Car Loans to bad credit holders, but one can fulfill their money requirement with Gold Loan easily.

Car Loan EMI Calculator

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