Car Loan Tenkasi

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Best Banks for Car Loan in Tenkasi

Feature
HDFC Bank
ICICI 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 Tenkasi Features

Thinking of purchasing a new car? But don’t have the required funds for it? Confused about how a car loan works and how it might benefit you? Dialabank is here to make everything crystal clear for you. With us, you can get the best car loan offers with affordable interest rates and EMIs.

Since cars have become a necessity for everyone, a car loan comes into play and fulfils your desire to be the owner of your dream car. The main features of a car loan in car loan tenkasiTenkasi are:

  • Almost all major banks and NBFCs offer car loans in Tenkasi in your vicinity
  • The documentation process is quick and hassle-free and saves you from visiting bank branches personally
  • Car loans are easily available through DialaBank. we make sure our customers get the best facilities!

Car Loan Tenkasi 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
ICICI 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
1%
Nil
Andhra Bank Car Loan
Nil
Nil

 

To check Personal Loan Interest Rate for all major banks you can visit: Car Loan Interest Rates

Car Loan Tenkasi Documents Required

The essential documents required to get a car loan approved in Tenkasi are as follows:

  1. Passport copy, PAN Card, Voters ID card or any other form of identity proof
  2. Latest 3-month salary slip with form 16 and ITR filing proofs required
  3. Any one address proof
  4. 6 months of bank statements.

Car Loan Tenkasi Eligibility Criteria

The car loan eligibility requirements are as followed in Tenkasi:

Salaried Individuals:

  1. The age should be a minimum of 21years.
  2. The maximum age should not be more than 60 years
  3. A minimum of 1 year in current employment and a previous minimum of 2 years of total employment is necessary
  4. A minimum of Rs 100000 income per annum

Self-employed Individuals:

  1. The age should be between 30-65 years.
  2. At least 3 years of working business.
  3. A minimum of Rs. 60000 p.a net profits for standard cars and Rs.100000 p.a. for mid-sized and premium cars

How to Apply for Car Loan in Tenkasi?

Availing a car loan Tenkasi is an easy process with DialaBank. All you have to do is visit our website and click on the car loan option on our homepage. Then, fill in the details regarding the car type and your income. Just wait. Our relationship manager will soon get in touch with you on your provided number, and he will help you compare offers and choose the best for you.

Processing Fees & Prepayment Charges on Car Loan Tenkasi

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

Get a car loan from AXIS bank

Get a car loan from SBI

CIBIL Score Required for Car Loan in Tenkasi

The CIBIL score plays the main role in your loan procedure. It is referred to as your ability to pay off your credits and is based on your repayment history.

A higher Credit score means good credit history and makes your car loan application process smooth and facile, while a lower score can charge you a higher interest rate.

While a score of 650 is considered as fair, most banks and NBFCs consider a credit score of 750 and above as a good score to approve your loan application process in Tenkasi. This score may again vary from bank to bank.

Car Loan Tenkasi Contact Number

In case if you have queries regarding the car loan in Tenkasi, you may contact us on the number 9878981166 for any sort of assistance.

Pre Calculated EMI Table for Car Loan Tenkasi

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 Tenkasi

Tenkasi is located in the state of Tamil Nadu. It is famous for its waterfalls such as the Old Courtallam waterfalls, and its ancient temples such as the Kashi Vishwanath Temple, Aintharuvi, Anniyan Parai View Point and more. Its population is around 70000.

Car Loan EMI Calculator

Get a car loan from HDFC bank

Get a car loan from Kotak Mahindra bank

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