Car Loan Tiruvannamalai

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Car Loan Tiruvannamalai

Best Banks for Car Loan in Tiruvannamalai

Feature HDFC Bank ICICI 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 Tiruvannamalai Features


car loan tiruvannamalai

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 Tiruvannamalai. We provide the lowest car loan interest rate Tiruvannamalai, which you won’t find anywhere else.

We offer Car loans for both Self-employed and salaried people. We offer car loans on new as well as used cars.

A  car loan is a financial help provided by banks and NBFC’s to fulfill your dream of having your own car. They offer necessary funding for buying a car which can be on Ex-Showroom Price or On-Road Price of the car. A car loan is a secured loan with easy refund options. The loan amount is provided on Interest charges which vary from bank to bank. One can pay for the vehicle in easy installments.

Car Loan Tiruvannamalai 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

Car Loan Interest Rate Online

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Car Loan Tiruvannamalai Documents Required

Documents required for car loan are as followed:

For Salaried Individuals:

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

For Self Employed Individuals:

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

Car Loan Tiruvannamalai 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: 1 year in current employment and a minimum of 2 years of 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. 60000 per annum for standard cars and Rs.100000 per annum for mid-sized and premium cars

Car Loan for Major Car Manufacturers in Tiruvannamalai

TABLE WILL APPEAR

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Processing Fees/ Prepayment Charges on Car Loan in Tiruvannamalai

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 Tiruvannamalai

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

Most institutions prefer to give loans only with a minimum CIBIL score of 750. The institutions don’t just look at the overall score but also examine for the detailed behavior on the previous loans taken. This includes details on the type of loan taken and the loan amount you have borrowed. If there are delay payments for previous loans, it can act as a barrier to your availing a fresh loan.

Check your  CIBIL score in your credit report for more information on the score.

Car Loan Tiruvannamalai Contact Number

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

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Pre Calculated EMI Table for Car Loan Tiruvannamalai

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 Tiruvannamalai

About Tiruvannamalai

Tiruvannamalai is situated in Tamil Nadu.  This city is also known as Temple City. It is well known for everlasting peace and divine. Annamalaiyar is a famous temple in this city. There are 8 important shiva temples facing 8 important directions on the path of Girivalam. All the Shivlings of these 8 temples are believed to have formed naturally.

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