Car Loan Thrissur

Best Banks for Car Loan in Thrissur

Feature	HDFC Bank	Private 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 Thrissur Features

If you wish to make your dream come true of owning a personal car but suffering monetary issues, then a Car Loan is the right choice for you. Almost all the major financial institutions provide car loans at an attractive interest rate without much paperwork. Other than a brand new car, you can also purchase a pre-owned car or used car using a used car loan that is offered by numerous lending institutions.

To avoid any hassle and wastage of time, visit Dialabank to get a fast car loan disbursal.

Car Loan Thrissur 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

Apply for a Car Loan

Car Loan Thrissur Documents Required

Documents required for car loan are as followed:

For Salaried Employees

1. Identity Proof: Aadhar Card/ Driving License/ Pan Card/ Passport Copy, etc.
2. Income Proof: Previous 3 months salary slips or Form 16 for a salaried individual.
3. Address Proof: Water Bill/ Voter ID/ Telephone bill/ Passport Copy
4. Recent passport size photographs-2 of the applicant

For Self Employed

1. Identity Proof: Aadhar Card/ Driving License/ Pan Card/ Passport Copy, etc.
2. Income Proof:  recent tax return files
3. Address Proof: Water Bill/ Voter ID/ Telephone bill/ Passport Copy
4. Recent passport size photographs-2 of the applicant.

Car Loan Thrissur Eligibility Criteria

The car loan eligibility requirements are as followed:

For Salaried Employee

1. The minimum age for such an individual is 21 years
2. A salaried employee must be working in the current organization for at least a year.
3.  An employed individual must have a minimum salary of Rs 25000.

For Self Employed

1. The minimum age for such applicant is 25 years
2. A salaried employee must be working in the current organization for at least a year.
3. In case the individual is a businessman then, their business must be operational from at least the past three years.

Car Loan for Major Car Manufacturers in Thrissur

Apply for a Car Loan

TABLE WILL APPEAR

Processing Fees & Prepayment Charges on Car Loan Thrissur

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 Thrissur

Banks and NBFCs regard CIBIL score as an important criterion before approving for a loan. It proves the creditworthiness of any individual. The minimum CIBIL score requirement for a car loan varies from bank to bank. Generally, a score above 800 is considered to be decent for any individual to be eligible to apply for a car loan.

The credit history of any applicant must be free of any pending dues or debts to avoid any inconvenience in applying for a loan. Hence, it is advisable to check your credit score beforehand itself and rectify and correct the dues to ensure a smooth loan approval process.

Car Loan Thrissur Contact Number

Apply for a Car Loan

To avail instant car loans you can visit our website or call on 9878981166 to get personalized assistance. Our executives are well trained and will assist you in the best way possible in order to provide you with a deal most suited for you or you can visit Dialabank

Pre Calculated EMI Table for Car Loan Thrissur

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

You can calculate your EMI here: Car Loan EMI Calculator

About Thrissur

Situated in Kerala, Thrissur is also known as the cultural capital of the state. Thrissur is enriched with cultural, traditional, and religious learning throughout history. Thrissur is famous for tourist attraction as well as due to the various waterfalls, beaches, temples, and other historical locations in the vicinity of the city.

Special Note: Banks do not provide Car Loans to bad credit holders, but one can fulfill their money requirement with Gold Loan easily.

Car Loan EMI Calculator

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