Car Loan Tindivanam

Major Car Loan Providers in Tindivanam

Feature	HDFC Bank	Private Bank	Kotak Mahindra Bank
Interest Rate (p.a.)	7.35 % - 7.95 %	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 Tindivanam Features

Nowadays buying your favorite vehicle is the dream of every individual, but due to the insufficient amount of money, it is difficult to own your vehicle.  So car loan is here to remove all your related to the car. This loan is an offer which provides finance to people for buying a car. A car loan allows a person to pay for the vehicle in installments rather than spending it at once. It requires a minimum documentation process and fewer fees process.

Some of the features of car loan are:

• Up to 90-95% of the funding available for new cars
• Up to 80-85% of the funding available for used cars
• The loan period is usually between 1 to 7 years.
• The interest rate is calculated based on compound interest.
• Equated Monthly Installment is worked out for repayment.
• Early settlement of the pending amount is available subject to the prepayment penalty.

Car Loan Tindivanam 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

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Car Loan Tindivanam Documents Required

Documents required for car loan are as followed:

For Salaried Employee

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

For Self Employed

1. ID Proof: Aadhar Card/ Driving License/ Pan Card/ Passport Copy, etc.
2. Proof of Address: Water Bill/ Voter ID/ Telephone bill/ Passport Copy
3. Income Proof: Recent tax return files for a self-employed individual
4. Recent passport size photographs-2 are required

Car Loan Tindivanam Eligibility Criteria

The car loan eligibility requirements are as followed:

For Salaried Employees

1. The minimum age for applying a car loan is 21 years and 25 years.
2. A salaried employee must be working in the current organization for at least a year.
3. Rs 25000 monthly income is a must for a salaried employee

For Self Employed

1. The minimum age for applying a car loan is 21 years and 25 years.
2. In case the individual is a businessman then, their business must be operational and yield profit from at least the past three years

Car Loan for Major Car Manufacturers in Tindivanam

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TABLE WILL APPEAR

Processing Fees & Prepayment Charges on Car Loan Tindivanam

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 Tindivanam

CIBIL score reflects your credit history in the past as well as your defaults in repayment of your previous loans. A good credit score is considered as 750 and above as most of the financial institutions ask for a high credit score. Every bank and NBFC has different criteria for a minimum CIBIL score they require to process your loan. A Lower CIBIL score than 750 can attract a higher car loan rate of interest.

A very low CIBIL score might lead to rejection of your loan as it is the first thing a bank tracks before processing your loan.

Car Loan Tindivanam Contact Number

To apply for a car loan in Tindivanam, give us a call on 9878981166

You can also visit Dialabank.

Pre Calculated EMI Table for Car Loan Tindivanam

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 Tindivanam

Tindivanam is a city in the Indian state of Tamil Nadu. It Falls in Viluppuram district. Tamil and English are the major languages used in Tindivanam.

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

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