Best Banks for Car Loan in Sriperumbudur
Car Loan Sriperumbudur Features
⍟ Loan Approval in 30 Minutes
⍟ Lowest Rate of Interest
⍟ Up to 100% on Road Loan
⍟ Minimum Documentation
⍟ Paperless Process
⍟ Flexible Repayment
⍟ Zero Foreclosure
⍟ 24 x 7 Online Payment Facility
⍟ No Hidden Charges
Car Loan Sriperumbudur Eligibility Criteria
| Salaried Individual |
Age – 21 years to 60 years
Net Monthly Income – Minimum ₹ 20,000 Employment Duration – 1-year minimum Income Eligibility – Based on Form 16 and salary slip |
| Self-Employed Individuals |
Age – 21-65 years of age
Minimum ITR – Rs.2 lakh Employment Duration – Minimum 3 years Income Eligibility – Depends on the latest Income Tax Returns |
| Self-Employed Non-Individuals (Company/Partnership) |
Minimum ITR – Rs. 2 lakh
Employment Duration – 3 years minimum The applicant has to present IT returns and audited financials of 2 years with Calculated Income. |
| Priority Customers |
At least 6-month vintage
Average Quarterly Balance – 2 quarters balance at a minimum of Rs.1 lakh Maximum Loan Amount – 3 times the Average Quarterly Balance of the last 2 Quarters |
Car Loan Sriperumbudur EMI Calculator
Car Loan Sriperumbudur Fees & Charges
| Charges | New Car Loan | Used Car Loan |
| Interest Rate | 7.35% per annum |
11.80% p.a. to 13.80% p.a. |
| Car loan Processing fees | 0.5% | 0.5% |
| Issuance of Duplicate Repayment Schedule Charges | Around Rs.500 | Around Rs.500 |
| Foreclosure Charges | 0.06 | 0.06 |
| Penal Interest | 2% PM | 2% PM |
| Car loan Part Payment charges | 6% of the amount | 6% of the amount |
| Cheque/Instrument Swap Charge | Around Rs.500 | Around Rs.500 |
| Documentation Charge | Around Rs. 500 | Around Rs. 500 |
| Issuance of Duplicate No Dues Certificate Charges | Around Rs. 500 | Around Rs. 500 |
| Registration Certification Collection Charge | Around Rs. 200 | Around Rs. 200 |
| Cheque Bounce/Instrument Return Charges | Around Rs. 500 | Around Rs. 500 |
| Issuance of Duplicate Statement Charges | Around Rs. 500 | Around Rs. 500 |
| Loan Cancellation/Re-booking Charges | Around Rs. 1000 | Around Rs. 1000 |
| Issuance of Credit Report | Around Rs. 50 | Around Rs. 50 |
Car Loan Sriperumbudur Fees and Charges: Leading Banks –Apr 19 2024
| 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
Car Loan Sriperumbudur Documents Required
Salaried Individual
| Category |
Documents Required
|
| Identity Proof (Any 1) | Passport Voter ID Aadhar Card Driving License |
| Address Proof (Any 1) | Aadhar Card PAN Driving License Electricity Bill |
| Date of Birth Proof(Any 1) |
Passport
Birth Certificate High School Marksheet Driving Licence |
| Signature Proof(Any 1) |
PAN
Bankers Verification Passport |
| Income Proof |
Salary Slip and latest Form No.16
|
| Bank Statement |
Last 6 month Bank statement
|
| Employment Continuity Proof |
Job card by NREGA
ITR of Form no. 16 Salary Slip mentioned with joining date Letter of Appointment |
Self-Employed Individuals
| Category |
Documents Required
|
| Identity Proof (Any 1) | PAN Card Passport Voter ID Aadhar Card |
| Address Proof (Any 1) | PAN Card Voter ID Passport Electricity Bill |
| Date of Birth Proof (Any 1) | Birth Certificate Passport Driving Licence PAN |
| Signature Proof (Any 1) |
PAN
Bankers Verification Passport |
| Bank Statement |
Bank statement of last 6 months
|
| Employment Continuity Proof |
Latest ITRs
Shop & Establishment Act Certificate Shop & Establishment Act Certificate Sales Tax or VAT Certificate |
| Business Proof |
Registration Certificate
Telephone Bill/Electricity Bill Shop & Establishment Act Certificate SSI or MSME Registration Certificate |
Self-Employed Non-Individuals:
1. Partnership Firms/Societies
| Category |
Documents Required
|
| Identity Proof (Any 1) | Driving Licence PAN Card Aadhar Card Passport |
| Address Proof (Any 1) |
Electricity Bill/Telephone Bill
Aadhar Card Driving License Voter ID |
| Income Proof |
Audited Balance Sheet
P&L Account ITR for the previous 2 years |
| Bank Statement | Last 6 month |
| Business Continuity Proof |
Company ITR of the last 2 years
Audited Balance Sheet TAX registration Certificate Current Account Statement |
| Additional documents |
Letter of Authority or PAN Card
|
2. Private Limited/Limited Companies
| Category |
Documents Required
|
| Identity Proof |
The latest copy of MOA and AOA
Copy of Incorporation |
| Address Proof (Any 1) |
SSI/MSME Registration Certificate
Telephone Bill Electricity Bill Shop & Establishment Act Certificate Sales Tax Certificate |
| Income Proof |
Audited Balance Sheet
P&L Account and ITR for the previous 2 years |
| Bank Statement | Previous 6 Months |
| Business Continuity Proof |
P&L account and
ITR of the Company of the past 2 years Audited Balance Sheet Shop & Establishment Act Certificate |
| Additional documents |
List of Shareholding partners and Directors
Board Resolution PAN Card Certificate of Commencement of Business for Ltd. Co. |
How to Get the Best Car Loan Interest Rates in Sriperumbudur
The interest rates on vehicle loans offered by different lenders in Sriperumbudur may vary, but they all are competitive and reasonable. So, if you want to get a car loan in Sriperumbudur with the lowest interest rate, then follow the below-mentioned steps:
- Short repayment term – Applicants usually believe that lengthier repayment terms are better than shorter repayment terms as the monthly EMI are low. Generally, applicants don’t seem to be aware that the lenders view lengthier payback terms as an indication of the low repayment capabilities of a borrower, due to which they charge higher interest rates.
- Compare the perks offered by different banks and lenders – It is always advised that you must compare and explore deals and benefits offered by different lenders to get a good car loan deal.
- Modest debt-to-income ratio – Debt-to-income helps measure how much of the applicant’s income goes into the loan repayment. Banks can take this information into their account while setting interest rates for the loan. Therefore, if your ratio of debt to income is low, then you have a better chance of getting a car loan at a low-interest rate.
- Maintain your credit score — Having a good credit score will get you a car loan with cheaper interest rates from the lenders as it indicates your ability to pay off credits. For example, a CIBIL Score of 750 is considered good by lenders or banks. Some lenders would provide auto loans to applicants with bad credit, but they will demand a higher interest rate on loans.
How to Apply for a Car Loan in Sriperumbudur?
Availing of a car loan in Sriperumbudur is an easy process with Dialabank. Follow these steps to apply for a Car loan in Sriperumbudur:
- Visit our website Dialabank.
- Click on the car loan option in the menu.
- Fill out the application form with all the required information and details.
- Once you have filled in details, soon you will be contacted by the relationship manager for further procedure.
- Regarding any queries or issues about the loan, you can contact on 9878981166.
- For the offline method, visit the branch personally for a car loan, but it might become hectic for you.
Which Bank in Sriperumbudur Offers the Best Car Loans?
Numerous NBFCs and banks, including HDFC, Private, and SBI, offer vehicle loans for borrowers in Sriperumbudur. However, it is crucial you choose a lender that provides you with a reasonable interest rate in your loan amount and can provide the funds as quickly as feasible as they are considered as the best lender. Therefore, it is always advised to check and compare vehicle loans from several lenders before applying for one that meets all of your requirements, such as interest rates.
Car Loan for Major Car Manufacturers in Sriperumbudur
TABLE WILL APPEARProcessing Fees / Prepayment Charges on Car Loan Sriperumbudur
| 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 Sriperumbudur
A CIBIL Score indicates your ability to pay off your credits. A high Credit score indicates the applicant has had a good credit history and is eligible for the loan, making your loan application process easy and smooth to be processed. The majority, banks and NBFCs consider a credit score of 750 and above as a good score to approve your loan application process in Sriperumbudur.
This score usually varies from bank to bank. If you have a CIBIL score lower than the required value, you will be required to pay a high-interest rate on your loan amount. On the other hand, the lenders offer a low-interest rate if you have a good CIBIL Score.
Car Loan Sriperumbudur Contact Number
If you face any issues regarding car loans in Sriperumbudur, you can contact us on 9878981166 for any assistance.
Pre Calculated EMI Table for Car Loan Sriperumbudur
| 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 Sriperumbudur
Sriperumbudur is a town located in district Kanchipuram in state Tamil Nadu. It is about 40km away from the city of Chennai.
Car Loan Banks In Sriperumbudur
| Bank Name | Bank Address | IFSC code |
| ANDHRA BANK | PLOT NO 3,BANGALORE MAIN ROAD,OPP.SUMANTH THEATER,SRI PERUMBUDUR,602105 | ANDB0002411 |
| BANK OF BARODA | DOOR NO.143, GR.FLR.,GANDHI RD.,SRI PERUMPUDUR, DIST.KANCHIPURAM, TAMIL NADU – 602 105. | BARB0SRIKCH |
| DENA BANK | DENA BANK,MADHA MEDICAL COLLEGE AND HOSPITAL,KOVURTHANDALAM,SRIPEUMBUDHUR TALUK,KANCHIPURAM 600122 | BKDN0621666 |
| DENA BANK | 2 SLASH 131,ANNA STREET,ORAGADAM VILLAGE,SRIPERAMPUDURTALUK,KANCHIPURAM 602105 | BKDN0621667 |
| CENTRAL BANK OF INDIA | 9 & 10, GANDHI ROAD, SRIPERUMBUDUR-602105 | CBIN0283446 |
| CITY UNION BANK LIMITED | 67,GANDHI ROAD,GROUND FLOOR,SRIPERUMBUDUR,CHENNAI 602105 | CIUB0000212 |
| CANARA BANK | RAJIV GANDHI NATIONAL INSTITUT, OF YOUTH DEV.COMPLEX, BEEMANTHANGAL VILLAGE, SRIPERUMBUDUR, TAMIL NADU | CNRB0002926 |
| CANARA BANK | CANARA BANK 134 RICE MILL ST EDAYARPAKKAM PO SRIPERUMBUDUR TK KANCHEEPURAM DIST THULASAPURAM TAMIL NADU 631553 | CNRB0006202 |
| CORPORATION BANK | DOOR NO 213214,CHELLAPERUMAL NAGAR,NEAR CHECKPOST ARCH,BANGLORE HWAY,SRIPERUMPUDUR | CORP0001048 |
| CORPORATION BANK | GROUND FLOOR, SURVEY NO 44, VANDALUR WALAJABAD ROAD, ORAGADAM KOOT ROAD, ORAGADAM, KANCHEEPURAM DISTRICT-602105 | CORP0001503 |
| CATHOLIC SYRIAN BANK LIMITED | 29 & 29A, THERADI STREET,SRIPERUMBUDUR, KANCHEEPURAM DISTRICT-602105 | CSBK0000398 |
| CHINATRUST COMMERCIAL BANK LIMITED | SRIPERUMBUDUR BRANCH (CHENNAI), PLOT NO 42 (OLD NO 105), CHENNAI BANGALORE HIGHWAY NH4, SRIPERUMBUDUR, KANCHEEPURAM, DISTRICT TAMIL NADU – 602105. | CTCB0000003 |
| FEDERAL BANK | 2, KAMBER STREET, SRIPERUMBUDUR KANCHEEPURAM DIST , TAMIL NADU | FDRL0001610 |
| HDFC BANK | NO 84 A BANGALORE HIGH ROAD SRIPERUMBUDUR | HDFC0001254 |
| IDBI BANK | AJAY PRABHU COMPLEX-GROUND, FLOOR,CAR STREET,SRIPERUMBUDUR,TAMIL NADU | IBKL0000322 |
| Private BANK LIMITED | Private BANK LTD , NO 44 , BANGLORE HIGH ROAD, SRIPERUMBUDUR.602105 | ICIC0000804 |
| INDIAN BANK | 75GANDHI ROADSRIPERUMBUDURKANCHEEPURAM DIST. 602105 | IDIB000S080 |
| INDUSIND BANK | 87, GANDHI ROAD, SRIPERUMBUDUR 602 105 DIST KANCHEEPURAM | INDB0000291 |
| INDIAN OVERSEAS BANK | 1 BY 68, NATIONAL HIGH WAY, MAMBAKKAM, OPP SAINT GOBAIN GLASS INDIA, SRIPERUMBUDUR602015 | IOBA0001782 |
| INDIAN OVERSEAS BANK | 1 PUSHPA NAGAR,FIRST FLOOR,MT POONAMALLEE ROAD,IYYAPPANTHANGAL,CHENNAI 600 056 | IOBA0002280 |
| INDIAN OVERSEAS BANK | THIRUMANGALAM MADURA SUNGUVARCHATTRAM SRIPERUMBUDUR KANCHEEPURAM 602105 | IOBA0002667 |
| INDIAN OVERSEAS BANK | 1 BY 42 MUGALIVAKKAM MAIN ROAD SUBASHREE NAGAR EXTN 4 OPP KEDHAR HOSPITAL | IOBA0002748 |
| INDIAN OVERSEAS BANK | NO 3BY121 MANAPAKKAM MAIN ROAD MANAPAKKAM KANCHEEPURAM 600116 | IOBA0002853 |
| INDIAN OVERSEAS BANK | 1 BY 183,SANKARLINGA NAGAR,GERUGAMBAKKAM CHENNAI 600122 | IOBA0003048 |
| KOTAK MAHINDRA BANK LIMITED | SAVEETHA NAGAR, SAVEETHA UNIVERSITY, MEVALUR KUPPAM CHETTIPEDU VILLAGE, THANDALAM, SRIPERUMBUDUR, KANCHEEPURAM 602 105 TAMILNADU. | KKBK0008765 |
| KARUR VYSYA BANK | OLD NO 77 NEW NO 317, GANDHI ROAD, SRIPERUMPUDUR-602105 | KVBL0001291 |
| LAXMI VILAS BANK | BANGALORE HIGH WAY ROAD,NEAR SUMATHI THEATRE,SRIPERUMBUDHUR 602 105 | LAVB0000682 |
| PUNJAB NATIONAL BANK | OLD NO 24,NEW NO 47,CAR STREET SRIPERUMBUDUR,KANCHEEPURAM TAMILNADU | PUNB0792200 |
| STATE BANK OF INDIA | GANDHI ROAD DISTT KANCHIPURAM TAMIL NADU 602105 | SBIN0000774 |
| STATE BANK OF INDIA | NO35 BY 1 GANDHI ROAD SRIPERUMBUDUR 602105 | SBIN0040736 |
| STATE BANK OF INDIA | PLOT NO 4 BANGALORE MAIN ROAD, NEAR JAYA HOSPITAL, SRIPERUMBUDUR, KANCHEEPURAM DIST 602105 SRIPERUMB | SBIN0070746 |
| SOUTH INDIAN BANK | NO 190-110, WARD NO10, GANDHI ROAD, SRIPERUMBUDUR, KANCHEEPURAM, TAMIL NADU-602105 | SIBL0000290 |
| TAMILNAD MERCANTILE BANK LIMITED | 50,BANGALORE TRUNK ROAD,OPP.TO BUS STAND,KANCHEEPURAM DIST.602105 | TMBL0000202 |
| UNION BANK OF INDIA | TRUNK ROAD, SUNGAVARCHATRAM,TALUKA-SRI PERUMPUDUR, DIST. KANCHEEPURATAMIL NADU, PIN – 602 106. | UBIN0534030 |
| UNION BANK OF INDIA | NO 2 BHUVANESHWARI NAGARORAGADAM | UBIN0547531 |
| UNION BANK OF INDIA | NO.2, KAMBAR STREET SRIPERUMBUDUR SRIPERUMBUDUR TAMIL NADU PINCODE-602105 | UBIN0568473 |
| UCO BANK | SRIPERUMBUDUR ROADORAGADAM KOOTU ROAD | UCBA0003104 |
| AXIS BANK | SS COMPLEX GR FL NO 3449 THERADI STREET SRIPERUMBUDUR KANCHEEPURAM TAMILNADU 602105 | UTIB0003125 |
| YES BANK | GROUND FLOOR, SHIOHMINN, 2 KOTHANDANADAR NAGAR, SRIPERUMBUDUR, TAMIL NADU-602105 | YESB0000095 |
FAQ’s About Sriperumbudur Car Loan
✅ What are the various methods for repaying Car Loans in Sriperumbudur?
You can repay your car loans in Sriperumbudur using three methods Electronic Clearing Service (ECS), Standing Instruction (SI) it is usually advised to repay your loan using these two methods as they are faster and have a lower risk of error, which is not the case with third method Post-Dated Cheques (PDCs).
✅ What is a suitable CIBIL Score for getting a Car Loan in Sriperumbudur?
A CIBIL score of 750 and above is good for applying for a Car loan in Sriperumbudur.
✅ Is interest rates in Car Loans negotiable?
Negotiation of interest rates depends on the borrower’s record, CIBIL Score, relationship with the lenders and various others. If these factors are available, then lenders can negotiate interest rates.
