Car Loan Kulithalai

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Car Loan Kulithalai

Best Banks for Car Loan in Kulithalai

Feature HDFC Bank ICICI 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


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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


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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


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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


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Car Loan Kulithalai Fees and Charges: Leading Banks – May 25 2022

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 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.


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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.


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How to Apply for a Car Loan in Kulithalai?

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


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Which Bank in Kulithalai Offers the Best Car Loans?

Many banks and NBFCs, like ICICI, 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.


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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
>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


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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.


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Car Loan Kulithalai Contact Number

For Car Loan Kulithalai queries, you can call 9878981166.


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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


car loan

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

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
ICICI BANK LIMITED ICICI 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.