Car Loan Thalassery

I have read the Privacy Policy & Agree to Terms & Conditions and authorize Dialabank & its partner institutions to Call or SMS me with reference to my application.

Buy your dream Car

Rates as low as 7.35%*
Up to 100% Funding
Doorstep Service
Hassle-free Disbursal
Unbiased Experts Advice

Car Loan Thalassery

Best Banks for Car Loan in Thalassery

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 Thalassery Features

Are you searching for a car loan? If yes, then your wait is over as we at Dialabank brings you amazing offers for a car loan in Oddanchatram. We provide the lowest rate of interest for car loans Oddanchatram, which you won’t find anywhere else.

We offer Car loans for both working sectors from Self-employed to salaried people. Dialabank offers you the car loans on new as well as used cars.

To fulfill your dream of having your own car, a car loan is a financial help provided by banks and NBFC’s. Necessary financing for buying a car which can be on Ex-Showroom Price or On-Road Price of the car is provided by them. With easy repayment options, a car loan is a secured loan. The loan amount is offered on Interest charges which alter from bank to bank. In easy installments one can pay for the vehicle.

Car Loan Thalassery Interest Rates

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

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

Apply for a Car Loan

Car Loan Thalassery Documents Required

Documents required for car loan are as followed:

For Salaried Individuals:

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

For Self Employed Individuals:

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

Car Loan Thalassery Eligibility Criteria

The car loan eligibility requirements are as followed:

For Salaried Applicants

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

For Self-Employed Applicants

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

Car Loan for Major Car Manufacturers in Thalassery

TABLE WILL APPEAR

Apply for a Car Loan

Processing Fees/ Prepayment Charges on Car Loan in Thalassery

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 Thalassery

A CIBIL score of 750 and above is considered to be very good and it attracts a lower interest rate for car loans in Oddanchatram. However, if you have a good income, a CIBIL score between 650 to 750 could be taken but a bit higher car loan interest rate will be offered in that case. Your application might be refused, if you have defaulted in your CIBIL score which is very low.

A minimum CIBIL score of 750 is preferred by most foundations to give loans. The foundations along with the overall score also examine for the detailed behavior on the previous loans taken. This includes details on amount you have borrowed and the type of loan taken. Any late payments for previous loans can become an obstacle to your availing a fresh loan.

For more information on the score, check your CIBIL score in your credit report.

Car Loan Thalassery Contact Number

Call us at 9878981166 to get on car loans in Oddanchatram and exclusive offers on car loans.

Apply for a Car Loan

Pre Calculated EMI Table for Car Loan Thalassery

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 Thalassery

Apply for a Car Loan

Other Cities For Car Loan In Kerala

Car Loan Palakkad Car Loan Kunnamkulam
Car Loan Nilambur Car Loan Kottayam
Car Loan Manjeri Car Loan Kottakkal
Car Loan Malappuram Car Loan Kollam