Best Banks for Car Loan in Ranipettai
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 Ranipettai Features
If you want to buy a car without entirely paying for it, then we have a solution for you. Dialabank helps you to avail the best offers for car loans for both brand-new and second-hand cars, and both ex-showroom and on-road prices. We provide you access to many features of car loans in Ranipettai such as: –
- The documentation process is quick and hassle-free, so we can help you fulfill your dream with great efficiency.
- Car loans are easily available through Dialabank.
- Full funding is available for new cars while up to 85% of the funding is available for used ones.
- A flexible tenure entirely up to your choice in Ranipettai.
Car Loan Ranipettai Interest Rate
Bank
Processing Fee
HDFC Bank Car Loan
(1999 - 4999) + Tax
Axis Bank Car Loan
1 % to 2.50%
Nil
Private Bank Car Loan
0.25% to 1.50%
SBI Car Loan
500/- to 0.50%
Nil
Kotak Car Loan
1% to 2%
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 Ranipettai Documents Required
Documents required for car loan are as followed:
For Salaried Employees
- Identity Proof in the form of, PAN Card, Passport copy, Voters ID card, Driving License, or any other proof
- Income Proof – Latest 3-month salary slip with adjoining form 16
- Address Proof: Ration card / Driving license / Voters card / Passport Copy / Life Insurance Policy / Electricity Bill / /PAN Card
- Bank Statements for the last previous 6 months of the applicant of Ranipettai.
For Self Employed
- Identity Proof in the form of, PAN Card, Passport copy, Voters ID card, Driving License, or any other proof
- Income Proof – Previous few years ITR
- Address Proof: Ration card / Driving license / Voters card / Passport Copy / Life Insurance Policy / Electricity Bill / /PAN Card
- ITR must be filed for the last previous 2 years for self-employed people of Ranipettai.
Car Loan Ranipettai Eligibility Criteria
The car loan eligibility requirements are as followed:
Salaried Individuals:
- The age should be a minimum of 21years.
- He/she should not be more than 60 years to avail a car loan.
- A CIBIL score of 750 and above is a must.
- He/she should have been working for a minimum of 1 year in current employment and a previous minimum of 2 years of employment
- He/she should be earning a minimum of Rs 100000 per year
Self-employed Individuals:
- The age should be between 30-65 years to avail of a car loan.
- A CIBIL of 750 and above is required.
- At least 3 years of working business.
- A minimum of Rs. 60000 p.a net profits for standard cars and Rs.100000 p.a. for mid-sized and premium cars in Ranipettai.
Car Loan for Major Car Manufacturers in Ranipettai
TABLE WILL APPEARProcessing Fees & Prepayment Charges on Car Loan Ranipettai
Category
Details
Processing Charges
Prepayment
Preclosure
Stamp Duty
Cheque Bounce Chgs
Floating Rate of Interest
Not Applicable
Overdue EMI Interest
Amortisation Schedule Chgs
Rs 200 + GST
CIBIL Score Required for Car Loan in Ranipettai
The CIBIL score is assessed by banks and NBFCs so that they can differentiate trustworthy borrowers from others and avoid bad loans. A Credit score is based on your repayment history, a good score means good credit history and makes your car loan application process smooth and easy, and vice versa. A score of 750 and above is considered an excellent CIBIL score.
Car Loan Ranipettai Contact Number
In case of any queries regarding a car loan in Ranipettai, you may contact us on the number 9878981166 for trustworthy assistance or visit Dialabank
Pre Calculated EMI Table for Car Loan Ranipettai
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 Ranipettai
.Ranipettai is a town just outside Vellore, in the South Indian state of Tamil Nadu. It is known as the ‘Queen of Colony’, Ranipet’ it is an industrial hub of Vellore city of Vellore district in southern India. Telugu is the official language used Ranipettai. Ranipettai has a population of over 50,770.
Car Loan EMI Calculator
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