Car Loan Nagapattinam

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Car Loan Nagapattinam

Best Banks for Car Loan in Nagapattinam

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 Nagapattinam Features

car loan nagapattinam

Thinking of purchasing a new car? But lacking on funds for it? Do not worry! A car loan is here for you. A  car loan is a means of funding or financial help provided by banks and NBFCs to the applicants at an affordable rate of interest to aid them in buying a car, whether new or used.

Since cars have become a necessity for everyone, a car loan comes into play and fulfills your desire to be the owner of your dream car. The main features of a car loan in Nagapattinam are:

  • Car loans are available at low-interest rates, which may vary from bank to bank so make sure you compare and choose wisely.
  • Almost all major banks and NBFCs offer car loans in Nagapattinam in your vicinity
  • The documentation process is quick and hassle-free
  • Car loans are easily available through DialaBank. we make sure our customers get the best facilities!

Car Loan Nagapattinam 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

Car Loan Interest Rate Online

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Car Loan Nagapattinam Documents Required

Documents required for car loan are as followed:

For Salaried Employee

  1. Passport copy, PAN Card, Voters ID card, or any other form of identity proof
  2. Latest 3-month salary slip with form 16.
  3. Anyone address proof
  4. 6 months of bank statements.

For Self Employed

  1. Passport copy, PAN Card, Voters ID card, or any other form of identity proof
  2. ITR filing proofs required
  3. Anyone address proof
  4. 6 months of bank statements.

Car Loan Nagapattinam Eligibility Criteria

The car loan eligibility requirements are as followed:

Salaried Individuals:

  1. The age should be a minimum of 21years.
  2. The maximum age should not be more than 60 years
  3. A minimum of 1 year in current employment and a previous minimum of 2 years of total employment is necessary
  4. A minimum of Rs 100000 income per annum.

Self-employed Individuals:

  1. The age should be between 30-65 years.
  2. At least 3 years of working business.
  3. A minimum of Rs. 60000 p.a net profits for standard cars and Rs.100000 p.a. for mid-sized and premium cars in Nagapattinam.

Car Loan for Major Car Manufacturers in Nagapattinam

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Processing Fees & Prepayment Charges on Car Loan Nagapattinam

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 Nagapattinam

The CIBIL score is referred to as 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, while a lower 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 Nagapattinam. This score may again vary from bank to bank. Thus, a CIBIL score is an important factor in a car loan.

Car Loan Nagapattinam Contact Number

In case if you have queries regarding the car loan in Nagapattinam, you may contact us on the number  9878981166

for any sort of assistance, you can also visit our website at Dialabank.

Pre Calculated EMI Table for Car Loan Nagapattinam

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 Nagapattinam

Nagapattinam is located in the state of Tamil Nadu, rose to prominence during the Chola dynasty. Some of the tourist attractions include the Nagore Sharif Dargah Khadar Vali, the Kayarohana Swami Temple, the Soundararaja Perumal Temple, and many more. Its population is around a Lakh. The prime attraction is the renowned Nagore Dargah, a revered place of all faiths. Tamil is the major language used in Nagapattinam.

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