Car Loan Periyakulam

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Best Banks for Car Loan in Periyakulam

Feature	HDFC Bank	Private 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 Periyakulam Features

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Buying a car from your pocket is a hard task for the individual earner of the family, but there is a saying if all of the opportunities are shut there is constantly a ray of hope. Thus, Car Investment is the best way to attain cash in a small time. It is a more reliable way to provide funds to purchase the dream car with comfort.

We give car loans starting at an attractive rate of interest to both self-employed as well as salaried individuals. We advance car loans on new plus used cars.

Some key features of car loan in Periyakulam are the accompanying:

Easy monthly repayment choices are ready for you.
Directly car loan possible
Loan Tenure period ranges from 1-7 years
There is a requirement of an affordable interest Rates offers to meet your desires.
There are no hidden or additional costs in availing a car loan.

Car Loan Periyakulam Interest Rates

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

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Car Loan Periyakulam Documents Required

Documents required for car loan are as followed:

For Salaried Individuals:

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

For Self Employed Individuals:

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

Car Loan Periyakulam Eligibility Criteria

The car loan eligibility requirements are as followed:

For Salaried Applicants

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

For Self-Employed Applicants

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

Car Loan for Major Car Manufacturers in Periyakulam

TABLE WILL APPEAR

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Processing Fees / Prepayment Charges on Car Loan in Periyakulam

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
Prepayment Charges	>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 Periyakulam

CIBIL score shows your credit history in the past as well as your defaults in payment of your previous loans. A good credit score is regarded as 750 and above as most of the business, institutions ask for a high credit score. Every bank and NBFC has several criteria for a minimum CIBIL score they require to process your Car Loan Periyakulam. A CIBIL score than 750 can attract a higher rate of interest.

A very low CIBIL score can lead to denial of your loan as it is the first thing a bank tracks before processing your loan. Your report of previous loans is taken into evidence for a car loan. If there are any delay payments for previous loans, it will create a block for availing of a fresh loan.

Car Loan Periyakulam Agent Contact Number

For any queries regarding the car loan in Periyakulam, you can call us on 9878981166anytime you wish to.

Pre Calculated EMI Table for Car Loan Periyakulam

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 EMI Calculator Periyakulam

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About Periyakulam

Periyakulam is a major town and a city in the Theni district, in the Madurai Region, South Indian state of Tamil Nadu. As of the 2011 census, the town had a population of 42,976. Periyakulam is the northern gateway of the district. Tamil is uttered predominantly in and around Periyakulam. Madurai Tamil is the official dialect spoken.