Best Banks for Car Loan in Kovilpatti
⍟ Loan Approval in 30 Minutes
7.35% per annum Car loans in Kovilpatti offered by each lender is different, but they are reasonable.
Car Loan Kovilpatti Features
⍟ Lowest Rate of Interest
⍟ Up to 100% on Road Loan
⍟ Minimum Documentation
⍟ Paperless Process
⍟ Flexible Repayment
⍟ Zero Foreclosure
⍟ 24 x 7 Online Payment Facility
⍟ No Hidden Charges
Car Loan Kovilpatti Eligibility Criteria
Salaried Individual
Net Monthly Income – Minimum ₹ 20,000
Employment Duration – 1-year minimum
Income Eligibility – Based on Form 16 and salary slip
Self-Employed Individuals
Minimum ITR – Rs.2 lakh
Employment Duration – Minimum 3 years
Income Eligibility – Depends on the latest Income Tax Returns
Self-Employed Non-Individuals (Company/Partnership)
Employment Duration – 3 years minimum
The applicant has to present IT returns and audited financials of 2 years with Calculated Income.
Priority Customers
Average Quarterly Balance – 2 quarters balance at a minimum of Rs.1 lakh
Maximum Loan Amount – 3 times the Average Quarterly Balance of the last 2 Quarters
Car Loan Kovilpatti EMI Calculator
Car Loan Kovilpatti Fees & Charges
Charges
New Car Loan
Used Car Loan
Interest Rate
11.80% p.a. to 13.80% p.a.
Car loan Processing fees
0.5%
0.5%
Issuance of Duplicate Repayment Schedule Charges
Around Rs.500
Around Rs.500
Foreclosure Charges
0.06
0.06
Penal Interest
2% PM
2% PM
Car loan Part Payment charges
6% of the amount
6% of the amount
Cheque/Instrument Swap Charge
Around Rs.500
Around Rs.500
Documentation Charge
Around Rs. 500
Around Rs. 500
Issuance of Duplicate No Dues Certificate Charges
Around Rs. 500
Around Rs. 500
Registration Certification Collection Charge
Around Rs. 200
Around Rs. 200
Cheque Bounce/Instrument Return Charges
Around Rs. 500
Around Rs. 500
Issuance of Duplicate Statement Charges
Around Rs. 500
Around Rs. 500
Loan Cancellation/Re-booking Charges
Around Rs. 1000
Around Rs. 1000
Issuance of Credit Report
Around Rs. 50
Around Rs. 50
Car Loan Kovilpatti Fees and Charges: Leading Banks – Apr 26 2024
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 Kovilpatti Documents Required
Salaried Individual
Category
Identity Proof (Any 1)
Passport
Voter ID
Aadhar Card
Driving License
Address Proof (Any 1)
Aadhar Card
PAN
Driving License
Electricity Bill
Date of Birth Proof(Any 1)
Birth Certificate
High School Marksheet
Driving Licence
Signature Proof(Any 1)
Bankers Verification
Passport
Income Proof
Bank Statement
Employment Continuity Proof
ITR of Form no. 16
Salary Slip mentioned with joining date
Letter of Appointment
Self-Employed Individuals
Category
Identity Proof (Any 1)
PAN Card
Passport
Voter ID
Aadhar Card
Address Proof (Any 1)
PAN Card
Voter ID
Passport
Electricity Bill
Date of Birth Proof (Any 1)
Birth Certificate
Passport
Driving Licence
PAN
Signature Proof (Any 1)
Bankers Verification
Passport
Bank Statement
Employment Continuity Proof
Shop & Establishment Act Certificate
Shop & Establishment Act Certificate
Sales Tax or VAT Certificate
Business Proof
Telephone Bill/Electricity Bill
Shop & Establishment Act Certificate
SSI or MSME Registration Certificate
Self-Employed Non-Individuals:
1. Partnership Firms/Societies
Category
Identity Proof (Any 1)
Driving Licence
PAN Card
Aadhar Card
Passport
Address Proof (Any 1)
Aadhar Card
Driving License
Voter ID
Income Proof
P&L Account
ITR for the previous 2 years
Bank Statement
Last 6 month
Business Continuity Proof
Audited Balance Sheet
TAX registration Certificate
Current Account Statement
Additional documents
2. Private Limited/Limited Companies
Category
Identity Proof
Copy of Incorporation
Address Proof (Any 1)
Telephone Bill
Electricity Bill
Shop & Establishment Act Certificate
Sales Tax Certificate
Income Proof
P&L Account and ITR for the previous 2 years
Bank Statement
Previous 6 Months
Business Continuity Proof
ITR of the Company of the past 2 years
Audited Balance Sheet
Shop & Establishment Act Certificate
Additional documents
Board Resolution
PAN Card
Certificate of Commencement of Business for Ltd. Co.
How to Get the Best Car Loan Interest Rates in Kovilpatti
How to Apply For Car Loan Kovilpatti?
- Firstly visit our website Dialabank.
- Secondly, Fill the online application form.
- Thirdly, Enter the basic information in the above application form.
- After that, you will get a call from our side.
- Moreover, for more information, you can call at 9878981166 with your city code.
- The process is straightforward and simple.
Many banks and NBFCs, like Private, SBI and HDFC, offer vehicle loans in Kovilpatti. However, the finest lender in Kovilpatti is one that provides you with a Car Loan Kovilpatti at a reasonable interest rate and can provide the funds as quickly as possible. Therefore, it is always better to compare your vehicle loans from many lenders in Kovilpatti before applying for one that meets all of your needs. TABLE WILL APPEAR The CIBIL score defines your ability to pay off your Car Loan in Kovilpatti. A good Credit score means good credit history and makes your car loan Kovilpatti process smooth and easy to be processed. Mostly, banks and NBFCs in Kovilpatti consider a credit score of 750 and above as a reliable score to approve your loan in Kovilpatti. For Car Loan Kovilpatti queries, you can call 9878981166. It is a town in the Thoothukudi District in the Indian state of Tamil Nadu, India. Car loans in Kovilpatti are highly convenient and best to meet solve all monetary problems. Simply log on to your Bank’s payment page and click on |see and pay your bills. You will also get an electronic acknowledgement receipt for every bill you pay by using e-PAY. You can also pay through Paytm, GPAY etc. Get the statement by visiting your bank branch and requesting a detailed statement/can get a statement online. To do this, you should have internet banking activated.
Which Bank in Kovilpatti Offers the Best Car Loans?
Car Loan for Major Car Manufacturers in Kovilpatti
Processing Fees / Prepayment Charges on Car Loan Kovilpatti
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 Kovilpatti
Car Loan Kovilpatti Contact Number
Pre Calculated EMI Table for Car Loan Kovilpatti
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 Kovilpatti
Car Loan Banks in Kudal IFSC
Bank Name
Bank Address
IFSC Code
ANDHRA BANK
3 BY 535C, BYE PASS ROAD, KOVILPATTI, TAMIL NADU
ANDB0002222
BANK OF BARODA
271, ETTAYAPURAM ROAD, KOVILPATTI, DIST. TUTICORIN 628501, TAMIL NADU.
BARB0KOVILP
BANK OF INDIA
813, ANNAI INDIRA COMPLEX1ST FLOOR,
BKID0008265
CENTRAL BANK OF INDIA
P.B.10, R.C.CHURCH MAIN ROAD, KOVILPATTI, DIS
CBIN0280925
CITY UNION BANK LIMITED
RAJAKUMARI TOWERS, 18 BY 40, AKS THEATRE ROAD, KOILPATTI 628 502
CIUB0000128
CANARA BANK
KOVILPATTI, 894, MAIN ROAD, KOVILPATTI 628701,
CNRB0001107
CORPORATION BANK
16J VETRI COMPLEX BUNGALOW STREET KADALAIYUR ROAD KOVILPATTI TUTICORIN DISTRICT TAMILNADU
CORP0003490
HDFC BANK
HDFC BANK LTD 894, MAIN ROAD KOVILPATTI
HDFC0002021
IDBI BANK
NO 13510, KOVILPATTI MAIN ROAD, (OPP ) KAMARAJ STATUE, KOVILPATTI – 628501
IBKL0001709
Private BANK LIMITED
16816 STAR TOWER 2 NEW ROAD KOVILPATTI – 628501
ICIC0003506
INDIAN BANK
895, MAIN ROAD KOVILPATTI TUTICORIN 628501
IDIB000K051
INDIAN OVERSEAS BANK
134 138, MAIN ROAD, KOVILPATTI PIN 627501
IOBA0000778
INDIAN OVERSEAS BANK
PASUVANTHANAI ROAD RAJIV NAGAR PANDAVARMANGALAM KOVILPATTI 628501
IOBA0002660
KARUR VYSYA BANK
P.B. NO. 27 868 MAIN ROAD, KOVILPATTI – 628501
KVBL0001149
LAXMI VILAS BANK
897, MAIN ROAD P B NO 17 KOVILPATTI628 501 TIRUNELVELI
LAVB0000365
STATE BANK OF INDIA
P B NO.8, KOVILPATTI, TUTICORIN, THUTHUKUDI, TAMILNADU
SBIN0000859
STATE BANK OF INDIA
2-67 BY F EAST STREET, VIA KALUGUMALAI, DISTT. TIRUNELVELI, TAMIL NADU 627752
SBIN0008906
STATE BANK OF INDIA
PBNO45, THANGAMCOMPLEX 185, MAIN ROAD, KOVILPATTI PO 628501 KOVILPATTI ATSBT COIN
SBIN0070657
TAMILNAD MERCANTILE BANK LIMITED
D.NO. 849-860, FIRST FLOOR, PERUMTHALAIVAR KAMARAJ COMMERCIAL COMPLEX MAIN ROAD, KOVILPATTI-628501 TAMILNADU
TMBL0000034
TAMILNAD MERCANTILE BANK LIMITED
PASUVANTHANAI ROAD, KOVILPATTI-628501 TAMILNADU
TMBL0000175
TAMILNAD MERCANTILE BANK LIMITED
89-K, KOVILPATTI – SANKARANKOIL MAIN ROAD, KAZHYGUMALAI-628552
TMBL0000393
UNION BANK OF INDIA
UBI, NO 51A52 NEW ROAD, KOVILPATTI, TUTICORIN DIST, TAMIL NADU – 628501.
UBIN0556165
AXIS BANK
OLD NO 157 C NEW NO 159 A R A P V COMPLEX MAIN ROAD KOVILPATTI 628501
UTIB0002672
FAQ’s About Kovilpatti Car Loan
✅ What is the Car Loan Kovilpatti closure procedure?
✅ How to Pay Car Loan Kovilpatti Interest Online?
✅ How to get the Car Loan Statement in Kovilpatti?