Car Loan Kulithalai

Best Banks for Car Loan in Kulithalai

Feature	HDFC Bank	Private Bank	Kotak Mahindra Bank
Interest Rate (p.a.)	7.35 % - 7.95 %	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 Kulithalai Features

⍟ Loan Approval in 30 Minutes
⍟ 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

In our busy lives, everyone wants to have a vehicle. But due to financial issues, we can’t afford it. So car loan is here to remove Kulithalai locals difficulty related to the car by providing finance for buying a new car or used car. A car loan in Kulithalai allows a person to pay for the vehicle in instalments rather than paying it at once. It involves an easy documentation process and a lesser fees process.

Car Loan Kulithalai Eligibility Criteria

Salaried Individual	Age – 21 years to 60 years Net Monthly Income – Minimum ₹ 20,000 Employment Duration – 1-year minimum Income Eligibility – Based on Form 16 and salary slip
Self-Employed Individuals	Age – 21-65 years of age 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)	Minimum ITR – Rs. 2 lakh Employment Duration – 3 years minimum The applicant has to present IT returns and audited financials of 2 years with Calculated Income.
Priority Customers	At least 6-month vintage 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 Kulithalai EMI Calculator

Car Loan Kulithalai Fees & Charges

Charges	New Car Loan	Used Car Loan
Interest Rate	7.35% per annum	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 Kulithalai Fees and Charges: Leading Banks – May 29 2023

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

Car Loan Kulithalai Documents Required

Salaried Individual

Category	Documents Required
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)	Passport Birth Certificate High School Marksheet Driving Licence
Signature Proof(Any 1)	PAN Bankers Verification Passport
Income Proof	Salary Slip and latest Form No.16
Bank Statement	Last 6 month Bank statement
Employment Continuity Proof	Job card by NREGA ITR of Form no. 16 Salary Slip mentioned with joining date Letter of Appointment

Self-Employed Individuals

Category	Documents Required
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)	PAN Bankers Verification Passport
Bank Statement	Bank statement of last 6 months
Employment Continuity Proof	Latest ITRs Shop & Establishment Act Certificate Shop & Establishment Act Certificate Sales Tax or VAT Certificate
Business Proof	Registration Certificate Telephone Bill/Electricity Bill Shop & Establishment Act Certificate SSI or MSME Registration Certificate

Self-Employed Non-Individuals:

1. Partnership Firms/Societies

Category	Documents Required
Identity Proof (Any 1)	Driving Licence PAN Card Aadhar Card Passport
Address Proof (Any 1)	Electricity Bill/Telephone Bill Aadhar Card Driving License Voter ID
Income Proof	Audited Balance Sheet P&L Account ITR for the previous 2 years
Bank Statement	Last 6 month
Business Continuity Proof	Company ITR of the last 2 years Audited Balance Sheet TAX registration Certificate Current Account Statement
Additional documents	Letter of Authority or PAN Card

2. Private Limited/Limited Companies

Category	Documents Required
Identity Proof	The latest copy of MOA and AOA Copy of Incorporation
Address Proof (Any 1)	SSI/MSME Registration Certificate Telephone Bill Electricity Bill Shop & Establishment Act Certificate Sales Tax Certificate
Income Proof	Audited Balance Sheet P&L Account and ITR for the previous 2 years
Bank Statement	Previous 6 Months
Business Continuity Proof	P&L account and ITR of the Company of the past 2 years Audited Balance Sheet Shop & Establishment Act Certificate
Additional documents	List of Shareholding partners and Directors Board Resolution PAN Card Certificate of Commencement of Business for Ltd. Co.

How to Get the Best Car Loan Interest Rates in Kulithalai

Car loans in Kulithalai offered by each lender is different, but they are reasonable.

Choose a shorter repayment for a Car Loan in Kulithalai– People believe that lengthier repayment terms are better as EMIs for such car loan in Kulithalai is low. However, they don’t seem aware that lenders in Kulithalai view lengthier payback terms as an indication of a borrower’s low repayment capabilities, so they charge higher interest in Kulithalai.
Research and compare offers by different lenders in Kulithalai– You should explore and compare the benefits offered by different lenders in Kulithalai. This can help you figure out the lenders in Kulithalai that provide the best interest rates and which lender in Kulithalai to choose for a car loan.
Maintain a modest debt-to-income ratio for a Car Loan in Kulithalai– The debt-to-income ratio in Kulithalai measures how much of your income goes toward other loan repayments in Kulithalai. Lenders in Kulithalai take this into account when setting interest rates. So if your debt-to-income ratio is lower, you can get a car loan in Kulithalai easily.
Car Loan in Kulithalai Maintain a good credit score– Lenders in Kulithalai will be pleased to offer you a car loan with cheaper interest rates if you have a good credit score. Lenders in Kulithalai consider a credit score of above 750 to be reliable. Many lenders in Kulithalai may give auto loans to people with bad credit, but they demand a higher interest rate for such car loans in Kulithalai.

How to Apply for a Car Loan in Kulithalai?

Visit Dialabank
open loan section and select auto loan, followed by the car loan link.
You will be directed to all the details of car loans where you can choose their preferred city.

Which Bank in Kulithalai Offers the Best Car Loans?

Many banks and NBFCs, like Private, SBI and HDFC, offer vehicle loans in Kulithalai. However, the finest lender in Kulithalai is one that provides you with a Car Loan Kulithalai 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 Kulithalai before applying for one that meets all of your needs.

Car Loan for Major Car Manufacturers in Kulithalai

TABLE WILL APPEAR

Processing Fees / Prepayment Charges on Car Loan Kulithalai

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 Kulithalai

The CIBIL score defines your ability to pay off your Car Loan in Kulithalai. A good Credit score means good credit history and makes your car loan Kulithalai process smooth and easy to be processed. Mostly, banks and NBFCs in Kulithalai consider a credit score of 750 and above as a reliable score to approve your loan in Kulithalai.

Car Loan Kulithalai Contact Number

For Car Loan Kulithalai queries, you can call 9878981166.

Pre Calculated EMI Table for Car Loan Kulithalai

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 Kulithalai

Kulithalai is a town in Karur district of Tamil Nadu, India. The recorded history of Kulithalai is known from its Cheras, followed by the medieval Chola period of the 9th century and has been ruled by the Medieval Cholas, Later Cholas, Later Pandyas, Vijayanagar Empire and the British at different times.

Car Loan Banks in Kulithalai IFSC

Bank Name	Bank Address	IFSC Code
CANARA BANK	CANRA BANK, MANAPPARAI ROAD, KULITHALAI-639 104 DISTKARUR (TN)	CNRB0003466
HDFC BANK	KULITHALAI COMBINED COURT COMPLEX TRICHY MAIN ROAD KULITHALAI KULITHALAI TAMIL NADU 639104	HDFC0003396
Private BANK LIMITED	Private BANK LTD 28 29 30 SUHAN COMPLEX KARUR MAIN ROAD NEAR POLICE STATION KARUR KULITHALAI 639104	ICIC0003962
INDIAN BANK	61 A PERIYAR ST CAUVEYR NAAGR 639104	IDIB000K055
INDIAN OVERSEAS BANK	9, ANDAR MAIN ROAD, KULITHALIA639104	IOBA0000043
INDIAN OVERSEAS BANK	A R ANBUILLAM, MAIN ROAD, LALAPET POST, LALAPET639105	IOBA0000254
INDIAN OVERSEAS BANK	DOOR NO 3 43 SF NO 94 SATHIAMANGALAM VILLAGE MK COMPLEX MAIN RD AYYARMALAI KULITHALAI TA KARUR	IOBA0003760
KARUR VYSYA BANK	P.B. NO. 3 4 ANDAR MAIN ROAD,,KULITHALAI-639104	KVBL0001150
LAXMI VILAS BANK	NO.5, CAUVERY NAGAR, KULITHALAI 639104 KARUR DT. TAMIL NADU	LAVB0000377
STATE BANK OF INDIA	KAVERI NAGAR, DISTT. KARUR, TAMIL NADU 639104	SBIN0000863
TAMILNAD MERCANTILE BANK LIMITED	D.NO25BY1, MBS AGRAHARAM,TRICHY KARUR MAIN ROAD, KULITHALAI 639 104	TMBL0000383

FAQ’s About Kulithalai Car Loan

✅ Required Documents in Kulithalai Car Loan?

Photos: 2 photographs
ID Proof: Aadhaar or PAN Card / Driving License / Voter ID Card
Address Proof: Aadhaar Card / PAN Card/ Rent Agreement / Driving License / Voter ID Card
Income Proof: Wage Slips / Bank Statement / ITR in case you are a Self Employed Professional

✅ How to Check Car Loan Kulithalai status?

You can track your car loan status in Kulithalai by visiting the bank’s official website.

✅ How to Calculate Car Loan Interest in Kulithalai?

Use Dialabank’s EMI calculator to find out the interest as well as the EMI on any Bank in Kulithalai credit purchase.

Buy your dream Car