Car Loan Trivandrum

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Car Loan Trivandrum

Best Banks for Car Loan in Trivandrum

Car Loan Trivandrum Features

car loan trivandrum

Having a dream Car has become a necessity and to buy it is out of the reach of an ordinary man. Auto Loan is the best way to own your favourite car and to eliminate the gap between you and your favourite car. You can ride your life smoothly by making your family happy by gifting a car to your family. Car Loan features in Trivandrum:

  1. Easy monthly repayment options
  2. Instantly available
  3. Loan Tenure period varies from 1-7 years.
  4. Affordable interest Rates
  5. Able to check your eligibility
  6. No hidden charges
  7. Fast documentation Process

Car Loan Trivandrum 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

Car Loan Trivandrum Documents Required

Documents required for car loan are as followed:

  1. Identity Proof required for getting a car loan: Passport copy, PAN Card, Voters ID card of the applicant
  2. Income ProofFor Salaried required for getting a car loan– Latest 3-month salary slip with form 16 of the applicant
  3.  For Self Employed required for getting a car loan- Latest Income Tax Report of the applicant
  4. Address Proof required for getting a car loan: Ration card/Driving license/Voters card/Passport Copy/Telephone Bill/Electricity Bill/Life Insurance Policy/PAN Card of the applicant
  5. Bank Statement required for getting a car loan: Last 6 months bank statement of the applicant

Apply for a Car Loan

Car Loan Trivandrum Eligibility Criteria

The car loan eligibility requirements are as followed:

  1. Minimum age required for getting a car loan: 21 years old
  2. Maximum age at loan maturity required for getting a car loan: 65 years old
  3. Minimum employment required for getting a car loan For Salaried- 1 year in current employment and a minimum of 2 years of employment
  4. For Self Employed experience required for getting a car loan– at least 3 years in business
  5. Minimum Annual Income required for getting a car loan: For Salaried Rs 10,0000 net annual salary
  6. For Self- Employed required for getting a car loan: Net profit Rs. 60,000 per annum for standard cars and Rs.100000 p.a for mid-sized and premium cars

Car Loan for Major Car Manufacturers in Trivandrum


Processing Fees & Prepayment Charges on Car Loan Trivandrum

Category Details
Processing Charges
1999 - 4999 + Tax
No prepayment is allowed until 12 EMIs are paid
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 Trivandrum

CIBIL score can be checked on the CIBIL website and it is dependent on various factors which are EMIs payment, dues, debt, and other things and all of these affect your CIBIL score which can ultimately affect your loan application.

Car Loan Trivandrum Contact Number

You can get a car loan Trivandrum easily from dialabank by contacting the number 9878981166.

Pre Calculated EMI Table for Car Loan Trivandrum

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 Trivandrum

Also known by its former name Trivandrum, Thiruvananthapuram, is the capital of Kerala, the Indian state. With regard to population, it is the most populous city in Kerala. Thiruvananthapuram contributes 55% of the state’s software exports as of 2020, and is a major Information Technology hub in Kerala. The city is characterized by its undulating terrain of low coastal hills, and so was referred to by Mahatma Gandhi as the “Evergreen city of India”.

Car Loan EMI Calculator

By using Car loan EMI Calculator provided by Dialabank, you can calculate the Car loan EMI. You can use it an infinite number of times as it is free to use. The amount that you pay to the bank as monthly repayment for the loan amount borrowed, is called the Equated Monthly Installments(EMI) which are the monthly fixed charges. Based on the profile, the interest rate on the loan is determined. EMI is calculated based on the Interest Rate you are charged by the bank and the amount of loan you have to take and the period for which you enjoy the car loan.

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