Car Loan Tirunelveli

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Car Loan Tirunelveli

Best Banks for Car Loan in Tirunelveli

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 Tirunelveli Features

Car Loan Tirunelveli

Want to purchase a car but don’t have the required funds for it? A car loan is what you can avail of. A car loan is a secured loan with easy repayment options available for the applicants. The loan amount is offered on Interest charges which vary from one lender to another. You may avail a car loan for purchasing a new car as well as a used car.  The car loan requirements vary from one lender to another. So if you are thinking of purchasing your dream car, get an instant Car loan with DialaBank at an appropriate rate of interest.

Car Loan Tirunelveli ensures to provide financial assistance at the best affordable car loan interest rates. You can get a car of your dream without getting involved in any kind of debt.

Car Loan Tirunelveli Interest Rate

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

Car Loan Tirunelveli Documents Required

Documents required for car loan are as followed:

For Salaried Individuals:

  1. Identity Proof: Passport copy, PAN Card, Driving License, the Voter ID card can be utilized as Identity proof.
  2. Income Proof: Last three months’ or last six months’ salary receipt with Income Tax Return filed.
  3. Residence Proof: Driving License, Electricity Bill, Electoral Photo ID Card, PAN Card, and Life Insurance Policy are recognized address proofs.
  4. Bank Statement for the last 2 quarters.

For Self-Employed Individuals

  1. Identity Proof: Passport copy, PAN Card, Driving License, the Voter ID card can be utilized as Identity proof.
  2. Income Proof: Income Tax Return.
  3. Residence Proof: Driving License, Electricity Bill, Electoral Photo ID Card, PAN Card, and Life Insurance Policy are recognized address proofs.
  4. Bank Statement for the last 2 quarters.

Car Loan Tirunelveli Eligibility Criteria

The car loan eligibility requirements are as followed:

For Salaried applicants:

  1. The minimum age has to be 21 years.
  2. The maximum age at the time of loan maturity needs to be 65 years.
  3. The applicant should have served 1 year in current employment including total work experience of 2 years.
  4. The minimum annual income needs to be at 100000 Indian rupees as a net annual income.

For Self-Employed Applicants:

  1. The minimum age has to be 21 years.
  2. The maximum age at the time of loan maturity needs to be 65 years.
  3. The applicant should be active for at least 3 years in business.
  4. The net profit needed is Rs 60000 per annum for generally standard cars and Rs 100000 per annum for medium-sized premium cars

How to Apply for Car Loan in Tirunelveli?

Apply for a Car Loan

Applying for a car loan in Junagadh is easy with DialaBank. Just visit our website at dialabank.com and follow the following steps:

  • Click on the car loan option.
  • Fill in the details as required, like name, location.
  • Click on Request a Quote
  • You will be contacted by our car loan Relationship manager soon to assist you further through the process.

You can also apply for a car loan offline by visiting the nearest branch of banks offering car loans. But that would limit your option to only a single offer. It would also require you to make multiple visits to the banks to get your loan approved. Thus, when you think of a car loan DialaBank is your best option available.

Car Loan for major car manufacturers in Tirunelveli

TABLE WILL APPEAR

Processing Fees/Prepayment Charges on Car Loan in Tirunelveli

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 Tirunelveli

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CIBIL score is what describes your creditworthiness of the past. So, it is an important aspect to consider while availing a car loan. The CIBIL score required for car loans may vary from one lender to another. Most banks accept a CIBIL score of 750 and above to process your car loan application. In case of a low CIBIL score, you might be required to pay a heavy interest rate on the loan amount.

Car Loan Tirunelveli Contact Number

In case of any queries regarding the car loan in Tirunelveli, you may contact the number 9878981166 for any sort of assistance.

Pre Calculated EMI Table for Car Loan Tirunelveli

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 Tirunelveli

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In the major Indian state of Tamil Nadu, Tirunelveli aka Nellai is a major city and the administrative headquarters of the Tirunelveli District. It is also the sixth-largest municipal corporation in the state after Chennai, Coimbatore, Madurai, Trichy, and Salem. Tirunelveli is placed 700 km (430 mi) southwest of the state capital Chennai, 58 km (36 mi) away from Thoothukudi, and 73 km (45 mi) from Kanyakumari.

Car Loan EMI Calculator Tirunelveli

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