Car Loan Nagapattinam

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Best Banks for Car Loan in Nagapattinam

Feature
HDFC Bank
ICICI Bank
Kotak Mahindra Bank
Interest Rate
8% - 8.4 %
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 don’t have the required 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
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
1%
Nil
Andhra Bank Car Loan
Nil
Nil

 

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

Car Loan Nagapattinam Documents Required

The essential documents required to get a car loan approved in Nagapattinam are as follows:

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

Car Loan Nagapattinam Eligibility Criteria

The car loan eligibility requirements are as followed in Nagapattinam:

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

How to Apply for Car Loan in Nagapattinam?

Availing a car loan Nagapattinam is an easy process with DialaBank, and there are two ways to do it:

  • Online method – Visit our website and click on the car loan option available on the menu. Fill in the details regarding the car type and your income. Just wait as our relationship manager will soon get in touch with you on your provided number. You may also contact our relationship managers on the number 9878981166 in case of any queries regarding the loan.
  • Offline method – For this, you will have to visit the branch personally, which might turn to be a chaotic experience for you.

Processing Fees & Prepayment Charges on Car Loan Nagapattinam

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

Get a car loan from AXIS bank

Get a car loan from SBI

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.

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, 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.

Car Loan EMI Calculator

Get a car loan from HDFC bank

Get a car loan from Kotak Mahindra bank

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