Car Loan Ranipettai

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Car Loan Ranipettai

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
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 Ranipettai Documents Required

Documents required for car loan are as followed:

For Salaried Employees

  1. Identity Proof in the form of, PAN Card, Passport copy, Voters ID card, Driving License, or any other proof
  2. Income Proof – Latest 3-month salary slip with adjoining form 16
  3. Address Proof: Ration card / Driving license / Voters card / Passport Copy /  Life Insurance Policy / Electricity Bill / /PAN Card
  4. Bank Statements for the last previous 6 months of the applicant of Ranipettai.

For Self Employed

  1. Identity Proof in the form of, PAN Card, Passport copy, Voters ID card, Driving License, or any other proof
  2. Income Proof Previous few years ITR
  3. Address Proof: Ration card / Driving license / Voters card / Passport Copy /  Life Insurance Policy / Electricity Bill / /PAN Card
  4. 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:

  1. The age should be a minimum of 21years.
  2. He/she should not be more than 60 years to avail a car loan.
  3. A CIBIL score of 750 and above is a must.
  4. He/she should have been working for a minimum of 1 year in current employment and a previous minimum of 2 years of employment
  5. He/she should be earning a minimum of Rs 100000 per year

Self-employed Individuals:

  1. The age should be between 30-65 years to avail of a car loan.
  2. A CIBIL of 750 and above is required.
  3. At least 3 years of working business.
  4. 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

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TABLE WILL APPEAR

Processing Fees & Prepayment Charges on Car Loan Ranipettai

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

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

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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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