Car Loan Madambakkam

Best Banks for Car Loan in Madambakkam

Car Loan Madambakkam Features

If you’re a resident of Madambakkam and you want to own a car, you’ve come to the right place! Through Dialabank, you can avail car loans for both brand-new and second-hand cars, as well as for both ex-showroom and on-road prices. You can choose the tenure of the loan yourself, while also getting access to some of the very appealing features of car loans in Madambakkam such as: –

• Car loans available at low-interest rates, which may range from bank to bank so make sure you compare and choose wisely!
• Almost all major banks and NBFCs offer car loans in Madambakkam
• The documentation process is quick and hassle-free
• Car loans are easily available through DialaBank, we make sure you fulfil your dream with as much convenience as possible

Car Loan Madambakkam Interest Rates

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

Car Loan Madambakkam Documents Required

Documents required for car loan are as followed:

For Salaried Individuals:

1. Proof of Identification: Passport copy, PAN Card, Voters ID card, Driving License
2. Income Proof: Latest 3-month salary slip with form 16
3. Residence Proof: Ration card / Driving license / Voters card / Passport Copy / Telephone Bill / Electricity Bill / Life Insurance Policy /PAN Card
4. Bank Statement: Last 6 months.

For Self Employed Individuals:

1. Identification Proof: Passport copy, PAN Card, Voters ID card, Driving License
2. Income Proof: Latest ITR
3. Address Proof(anyone): Ration card/ Driving license / Voters card / Passport Copy / Telephone Bill / Electricity Bill / Life Insurance Policy /PAN Card
4. Bank Statement: Last 6 months.

Car Loan Madambakkam Eligibility Criteria

The car loan eligibility requirements are as followed:

For Salaried Applicants

1. Minimum age: 21 years
2. Maximum age at loan maturity: 65 years
3. Minimum employment: 1 year in current employment and a minimum of 2 years of employment
4. Minimum Annual Income: Rs.100000 net annual income

For Self-Employed Applicants

1. Minimum age: 21 years
2. Maximum age at loan maturity: 65 years
3. Minimum employment: At least 3 years in business
4. Minimum Annual Income: Net profit Rs. 60000 per annum for standard cars and Rs.100000 per annum for mid-sized and premium cars

Car Loan for Major Car Manufacturers in Madambakkam

Processing Fees / Prepayment Charges on Car Loan Madambakkam

CIBIL Score Required for Car Loan in Madambakkam

The CIBIL score is referred to as what defines your ability to pay off your credits and is based on your repayment history. A higher Credit score means good credit history and makes your car loan application process smooth and easy to be processed, while a low score can charge you a higher interest rate. Mostly, banks and NBFCs consider a credit score of 750 and above as a good score to approve your loan application process in Madambakkam. This score may again vary from bank to bank.

Car Loan Madambakkam Contact Number

In case of any queries regarding the car loan in Madambakkam, you may contact us at 9878981166 or visit our website Dialabank for any sort of assistance!

Pre Calculated EMI Table for Car Loan Madambakkam

Car Loan EMI Calculator Madambakkam

About Madambakkam

Madambakkam is a Panchayat town in Chengalpattu area, Tamil Nadu, India. This place is known for its noteworthy sanctuary devoted to Lord Shiva. The primary divinity of the sanctuary is Lord Dhenupureeswarar. The sanctuary is accepted to be redone during the residency of Kulothunga Chola.

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