Best Banks for Car Loan in Namakkal
Interest Rate (p.a.)
7.35 % - 7.95 %
8.5 % - 9.5 %
Min Loan Amt
Metro : 1 Lac & Non Metro: 75000
Max Loan Amt
Upto 7 Years
Upto 5 Years
Upto 5 Years
1999 - 4999 + Tax
0.25% to 1.50%
0.25% to 1.50%
2%, Nil after 24 months
2%, Nil after 36 months
Loan to Value (LTV)
Upto 100% on Ex- showroom
Upto 95% on Ex- showroom
Car Loan Namakkal Features
A car loan is a financial help provided by banks and NBFC’s to fulfill your dream of having your own car. Necessary funding for purchasing a car which can be on Ex-Showroom Price or On-Road Price of the car is provided by them. With easy repayment options, car Loan is a secured loan. The Interest charges vary from bank to bank on loan amount offered. One can pay for the vehicle in easy installments.
Car Loan Namakkal Interest Rate
HDFC Bank Car Loan
(1999 - 4999) + Tax
Axis Bank Car Loan
1 % to 2.50%
Private Bank Car Loan
0.25% to 1.50%
SBI Car Loan
500/- to 0.50%
Kotak Car Loan
1% to 2%
IIFL Car Loan
Muthoot Car Loan
Manappauram Car Loan
PNB Car Loan
0.70% to 1%
Canara Bank Car Loan
Andhra Bank Car Loan
To check Car Loan Interest Rate for all major banks you can visit: Car Loan Interest Rates
Car Loan Namakkal Documents Required
Documents required for car loan are as followed:
- Identity Proof: Passport copy, PAN Card, Voters ID card, Driving License
- Income Proof: For Salaried– Latest 3-month salary slip with form 16 / For Self Employed- Latest ITR
- Proof For Address: Driving license / Voters card / Ration card / Passport Copy / Telephone Bill / Electricity Bill / Life Insurance Policy /PAN Card
- Bank Statement: Last 6 months.
Car Loan Namakkal Eligibility Criteria
The car loan eligibility requirements are as followed:
- Minimum age: 21 years
- Maximum age at loan maturity: 65 years
- Minimum employment: For Salaried- 1 year in current employment and a minimum of 2 years of employment / For Self Employed– at least 3 years in business
- Minimum Annual Income: For Salaried Rs 100000 net annual income / For Self- Employed Net profit Rs. 60000 p.a for standard cars and Rs.100000 p.a. for mid-sized and premium cars
- Minimum Annual Income: Net annual income for Salaried Person should be Rs 100000.
- For Self- Employed Net profit Rs.100000 per annum for mid-sized and premium cars Rs. 60000 p.a for standard cars.
Car Loan for Major Car Manufacturers in Namakkal
TABLE WILL APPEAR
Processing Fees & Prepayment Charges on Car Loan Namakkal
Cheque Bounce Chgs
Floating Rate of Interest
Overdue EMI Interest
Amortisation Schedule Chgs
Rs 200 + GST
CIBIL Score Required for Car Loan in Namakkal
Every financial institution has its criteria for CIBIL score required for processing the Car Loan application in Nadiad so that they can minimize the risk of lending to the customer. Most institutions require a minimum score of CIBIL of 750 or above to process your loan application. Also having a good CIBIL score helps to loans at a cheaper rate of interest.
The institutions don’t just look at the overall score but also the detailed behavior on the previous loans taken. This includes details on the type of loan taken and the amount borrowed. Any delayed payments for previous loans can act as a barrier to your availing a fresh loan.
Car Loan Namakkal Contact Number
You can get a car loan Namakkal easily from dialabank by contacting the number 9878981166.
Pre Calculated EMI Table for Car Loan Namakkal
In the Indian state of Tamil Nadu, Namakkal is a Selection grade municipality and the headquarters of Namakkal district. In Asia, it is the first ISO 14001-2004 certified municipality for environmental management, specifically solid waste and sewage management, town planning, the provision and maintenance of water supply, lighting and other social services.
Namakkal had a population of 55,145 according to 2011 census.
Special Note: One can fulfill their money requirement with Gold Loan easily. However, Banks do not provide Car Loans to bad credit holders.
Car Loan EMI Calculator
By Car loan, EMI Calculator provided by Dialabank, Car loan EMI can be calculated. It’s totally free to use and you can use it as many times as you want. Equated Monthly Installments(EMI) is the monthly fixed charges that you pay to the bank as monthly repayment for the loan amount borrowed. Based on your profile, the interest rate on the loan is determined. EMI is calculated based on the Interest Rate you are charged by the bank and the amount of loan you have to take and the period for which you enjoy the car loan.
Other Cities For Car Loan In Tamil Nadu
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