Best Banks for Car Loan in Tuticorin
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 Tuticorin Features
A car loan is financial funding provided by banks and NBFC’s to make your dream come true of having your own car. It is not a difficult task nowadays availing for a car loan as numerous products have come into the market to cater to the needs of a buyer.
Moreover, if you want to buy a pre-owned car, financial institutions also provide the service of used car loans which can be used for financing a used car. Car Loans come at an affordable rate of interest and requires minimal documentation.
Car Loan Tuticorin Interest Rates
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 Personal Loan Interest Rate for all major banks you can visit: Car Loan Interest Rates
Apply for a Car LoanCar Loan Tuticorin Documents Required
For Salaried Individuals:
- Proof of Identification: Passport copy, PAN Card, Voters ID card, Driving License
- Income Proof: Latest 3-month salary slip with form 16
- Residence Proof: Ration card / Driving license / Voters card / Passport Copy / Telephone Bill / Electricity Bill / Life Insurance Policy /PAN Card
- Bank Statement: Last 6 months.
For Self Employed Individuals:
- Identification Proof: Passport copy, PAN Card, Voters ID card, Driving License
- Income Proof: Latest ITR
- Address Proof(anyone): Ration card/ Driving license / Voters card / Passport Copy / Telephone Bill / Electricity Bill / Life Insurance Policy /PAN Card
- Bank Statement: Last 6 months.
Car Loan Tuticorin Eligibility Criteria
For Salaried Applicants
- Minimum age: 21 years
- Maximum age at loan maturity: 65 years
- Minimum employment: 1 year in current employment and a minimum of 2 years of employment
- Minimum Annual Income: Rs.100000 net annual income
For Self-Employed Applicants
- Minimum age: 21 years
- Maximum age at loan maturity: 65 years
- Minimum employment: At least 3 years in business
- 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 Tuticorin
TABLE WILL APPEAR Apply for a Car LoanProcessing Fees & Prepayment Charges on Car Loan Tuticorin
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 Tuticorin
CIBIL Score is a three-digit numeric summary of your credit history. The score is derived using the credit history found in the CIBIL Report (also known as CIR i.e Credit Information Report). A CIR is an individual’s credit payment history across loan types and credit institutions over a period of time. A CIR does not contain details of your savings, investments or fixed deposits. 750 and above CIBIL score is required to get a car loan in Bokaro.
Car Loan Tuticorin Contact Number
You can get a car loan Tuticorin easily from Dialabank by contacting the number 9878981166.
Apply for a Car LoanPre Calculated EMI Table for Car Loan Tuticorin
Car Loan EMI Calculator Tuticorin
Car Loan In Other Cities
Car Loan Tirupathur | Car Loan Thanjavur |
Car Loan Thiruvallur | Car Loan Tenkasi |
Car Loan Thiruvarur | Car Loan Sivakasi |
Car Loan Theni | Car Loan Salem |
Table of Contents
- 1 Best Banks for Car Loan in Tuticorin
- 2 Car Loan Tuticorin Features
- 3 Car Loan Tuticorin Interest Rates
- 4 Car Loan Tuticorin Documents Required
- 5 Car Loan Tuticorin Eligibility Criteria
- 6 Car Loan for Major Car Manufacturers in Tuticorin
- 7 Processing Fees & Prepayment Charges on Car Loan Tuticorin
- 8 CIBIL Score Required for Car Loan in Tuticorin
- 9 Car Loan Tuticorin Contact Number
- 10 Pre Calculated EMI Table for Car Loan Tuticorin
- 11 Car Loan EMI Calculator Tuticorin