Best Banks for Car Loan in Thoothukudi
Car Loan Thoothukudi Features
As the development of our country speeds up, our desire to have our personal means of travel increases, but paying out of our own pocket isn’t always a viable option. This is where car loans help us. Dialabank assists us to acquire a car loan easily and on our own terms, for both brand-new and second-hand cars, and for both ex-showroom and on-road prices. We can also get access to features such as:
- Car loans are available at low-interest rates and the documentation is quick and efficient
- Almost all major banks and NBFCs offer car loans in Thoothukudi
- Car loans are easily available through DialaBank
Car Loan Thoothukudi 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 Thoothukudi Documents Required
Documents required for car loan are as followed:
For salaried:
- Identity proof- Passport copy, PAN Card, Voters ID card, Driving license
- Income proof- Latest 3-month salary slip with form 16
- Address proof- Ration card/driving license/voters card/passport copy/telephone bill/electricity bill/life insurance policy/PAN Card
- Bank statements of the last 6 months
For self-employed:
- Identity proof- Passport copy, PAN Card, Voters ID card, Driving license
- Income proof- Latest ITR proof
- Address proof- Ration card/driving license/voters card/passport copy/telephone bill/electricity bill/life insurance policy/PAN Card
- Bank statements of the last 6 months
Car Loan Thoothukudi Eligibility Criteria
The car loan eligibility requirements are as followed in Thoothukudi include:
For salaried:
- The minimum age to apply for a loan is 21 years and the maximum age to apply should be 60 years
- The applicant should be at least 1 year in current employment and a minimum of 2 years of total employment
- The employee should get at least Rs.100,000 as net annual income
For self-employed:
- The minimum age to apply for a loan is 30 years and the maximum age to apply should be 65 years
- The applicant should be at least 3 years in business
- The net profit of the applicant should be Rs.60,000 p.a for standard cars and Rs.100,000 p.a for mid-sized and premium cars
Car Loan for Major Car Manufacturers in Thoothukudi
TABLE WILL APPEAR
Processing Fees & Prepayment Charges on Car Loan Thoothukudi
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 Thoothukudi
The CIBIL score is referred to as your ability to pay off your credits regularly without fail. A higher Credit score is important as this makes your car loan application process smooth and facile, while a lower score can charge you higher interest rates. Mostly, banks and NBFCs consider a credit score of 750 and above as a good score to approve your loan application process in Thoothukudi. This score may again vary from bank to bank.
Car Loan Thoothukudi Contact Number
In case of queries regarding the car loan in Thoothukudi, you may contact the number 9878981166 for the best and most trustworthy guidance!
Pre Calculated EMI Table for Car Loan Thoothukudi
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
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