Car Loan Vallioor

Best Banks for Car Loan in Vallioor

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 Vallioor Features

⍟ Loan Approval in 30 Minutes
⍟ Lowest Rate of Interest
⍟ Up to 100% on Road Loan
⍟ Minimum Documentation
⍟ Paperless Process
⍟ Flexible Repayment
⍟ Zero Foreclosure
⍟ 24 x 7 Online Payment Facility
⍟ No Hidden Charges

Car Loan Vallioor

Car Loan Vallioor Eligibility Criteria

Salaried Individual	Age – 21 years to 60 years Net Monthly Income – Minimum ₹ 20,000 Employment Duration – 1-year minimum Income Eligibility – Based on Form 16 and salary slip
Self-Employed Individuals	Age – 21-65 years of age Minimum ITR – Rs.2 lakh Employment Duration – Minimum 3 years Income Eligibility – Depends on the latest Income Tax Returns
Self-Employed Non-Individuals (Company/Partnership)	Minimum ITR – Rs. 2 lakh Employment Duration – 3 years minimum The applicant has to present IT returns and audited financials of 2 years with Calculated Income.
Priority Customers	At least 6-month vintage Average Quarterly Balance – 2 quarters balance at a minimum of Rs.1 lakh Maximum Loan Amount – 3 times the Average Quarterly Balance of the last 2 Quarters

Car Loan Vallioor EMI Calculator

Car Loan Vallioor Fees & Charges

Charges	New Car Loan	Used Car Loan
Interest Rate	7.35% per annum	11.80% p.a. to 13.80% p.a.
Car loan Processing fees	0.5%	0.5%
Issuance of Duplicate Repayment Schedule Charges	Around Rs.500	Around Rs.500
Foreclosure Charges	0.06	0.06
Penal Interest	2% PM	2% PM
Car loan Part Payment charges	6% of the amount	6% of the amount
Cheque/Instrument Swap Charge	Around Rs.500	Around Rs.500
Documentation Charge	Around Rs. 500	Around Rs. 500
Issuance of Duplicate No Dues Certificate Charges	Around Rs. 500	Around Rs. 500
Registration Certification Collection Charge	Around Rs. 200	Around Rs. 200
Cheque Bounce/Instrument Return Charges	Around Rs. 500	Around Rs. 500
Issuance of Duplicate Statement Charges	Around Rs. 500	Around Rs. 500
Loan Cancellation/Re-booking Charges	Around Rs. 1000	Around Rs. 1000
Issuance of Credit Report	Around Rs. 50	Around Rs. 50

Car Loan Vallioor Fees and Charges : Leading Banks – Oct 03 2023

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 Vallioor Documents Required

Salaried Individual

Category	Documents Required
Identity Proof (Any 1)	Passport Voter ID Aadhar Card Driving License
Address Proof (Any 1)	Aadhar Card PAN Driving License Electricity Bill
Date of Birth Proof(Any 1)	Passport Birth Certificate High School Marksheet Driving Licence
Signature Proof(Any 1)	PAN Bankers Verification Passport
Income Proof	Salary Slip and latest Form No.16
Bank Statement	Last 6 month Bank statement
Employment Continuity Proof	Job card by NREGA ITR of Form no. 16 Salary Slip mentioned with joining date Letter of Appointment

Self-Employed Individuals

Category	Documents Required
Identity Proof (Any 1)	PAN Card Passport Voter ID Aadhar Card
Address Proof (Any 1)	PAN Card Voter ID Passport Electricity Bill
Date of Birth Proof (Any 1)	Birth Certificate Passport Driving Licence PAN
Signature Proof (Any 1)	PAN Bankers Verification Passport
Bank Statement	Bank statement of last 6 months
Employment Continuity Proof	Latest ITRs Shop & Establishment Act Certificate Shop & Establishment Act Certificate Sales Tax or VAT Certificate
Business Proof	Registration Certificate Telephone Bill/Electricity Bill Shop & Establishment Act Certificate SSI or MSME Registration Certificate

Self-Employed Non-Individuals:

1. Partnership Firms/Societies

Category	Documents Required
Identity Proof (Any 1)	Driving Licence PAN Card Aadhar Card Passport
Address Proof (Any 1)	Electricity Bill/Telephone Bill Aadhar Card Driving License Voter ID
Income Proof	Audited Balance Sheet P&L Account ITR for the previous 2 years
Bank Statement	Last 6 month
Business Continuity Proof	Company ITR of the last 2 years Audited Balance Sheet TAX registration Certificate Current Account Statement
Additional documents	Letter of Authority or PAN Card

2. Private Limited/Limited Companies

Category	Documents Required
Identity Proof	The latest copy of MOA and AOA Copy of Incorporation
Address Proof (Any 1)	SSI/MSME Registration Certificate Telephone Bill Electricity Bill Shop & Establishment Act Certificate Sales Tax Certificate
Income Proof	Audited Balance Sheet P&L Account and ITR for the previous 2 years
Bank Statement	Previous 6 Months
Business Continuity Proof	P&L account and ITR of the Company of the past 2 years Audited Balance Sheet Shop & Establishment Act Certificate
Additional documents	List of Shareholding partners and Directors Board Resolution PAN Card Certificate of Commencement of Business for Ltd. Co.

How to Get the Best Car Loan Interest Rates in Vallioor

Consumers must first investigate and evaluate the benefits offered by various banks and Other financial institutions to receive a good deal on a car loan. This can assist consumers in determining which lenders offer the lowest interest rates and, as a result, which lender to select.
Minimal waiting terms frequently have lower interest rates than more extended terms. Therefore borrowers who want to save money should choose shorter repayment terms.
Each debt-to-income ratio determines how much of a borrower’s income goes toward loan repayment, which lenders consider when setting interest rates. Borrowers with a lower debt-to-income ratio have a greater chance of receiving a car loan with a lower interest rate.

How to Apply for a Car Loan in Vallioor?

Visit our website Dialabank.
Select the automobile loan option from the menu after clicking on the auto loan option.
Follow the instructions and include any relevant information concerning one’s financing requirements.
Could you please wait for a member of our team of professionals to contact you?
You can also phone 9878981166 or go to the nearest branch.

Which Bank in Vallioor Offers the Best Car Loans?

Before qualifying for an automobile loan that fits all of the criteria, such as interest rates, it is usually a good idea to evaluate automobile loans from various providers. For example, lenders such as HDFC, Private, and SBI provide various auto loan schemes in the city. But, of course, the most significant lender for you is one that can supply you with the loan balance you require at the lowest possible interest rate while also delivering the cash as quickly as possible.

Car Loan for Major Car Manufacturers in Vallioor

TABLE WILL APPEAR

Processing Fees / Prepayment Charges on Car Loan Vallioor

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
Prepayment Charges	>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 Vallioor

Credit history is a statistic that impacts your ability to borrow money to pay off your debts. A more vital credit report indicates a positive credit history and simplifies your auto mortgage loan processing. In addition, banks and NBFCs in the city are more likely to approve your financial statement if you have a credit score of 750 or above.

Your number may change from one institution to the next. For example, if your credit history is less than ideal, you may be required to repay a considerable loan debt; however, you may be charged a low-interest rate if your credit history is excellent. As a result, credit history is an essential factor to consider when applying for a car loan.

Car Loan Vallioor Contact Number

Individuals can call the company 9878981166 for assistance if they have any inquiries concerning the auto loan in the city.

Pre Calculated EMI Table for Car Loan Vallioor

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 Vallioor

Vallioor is a town in Radhapuram Taluk in Tirunelveli district in Tamil Nadu state, India.

Vallioor Bank Addresses and IFSC codes

Bank Name	Bank Address	IFSC code
CANARA BANK	VALLIOOR, KANDAN COMPLEX, 67,, VALLIOOR 627117,	CNRB0001126
HDFC BANK	HDFC BANK LTD GROUND FLR 364 A NORTH MAIN ROAD OPP BUS STAND VALLIYUR TIRUNELVELI TAMIL NADU 627117	HDFC0009174
INDIAN BANK	460 R V ARUNACHALAM BUILDING I FLOOR, MAIN ROAD VALLIYUR, TIRUNELVELI DT 627117	IDIB000V088
INDIAN OVERSEAS BANK	OLD NO 156 A B NEW NO 904 BY 156A,905 BY 156B,MAIN ROAD,VALLIYOOR 627117	IOBA0001881
PUNJAB NATIONAL BANK	308 A STN BUILDING MAIN ROAD VALLIOOR TAMILNADU TRIUN 627117	PUNB0891700
STATE BANK OF INDIA	PBNO2,78MAINROAD,KESAVAPERUMALSONSBUILDING,VALLIYOORPO627117VALLIYOORATSBTCOIN	SBIN0070010
SOUTH INDIAN BANK	DONO12-686A, WARD NO3, SANGU NAGAR, VADAKKANKULAM PO, TIRUNELVELI, TAMIL NADU-627116	SIBL0000729
TAMILNAD MERCANTILE BANK LIMITED	26-A5, ST.ANTONYS WEST CAR STREET, T.KALLIKULAM-627113 TAMILNADU	TMBL0000031
TAMILNAD MERCANTILE BANK LIMITED	498-A, MAIN ROAD, VALLIYOOR-627117 TAMILNADU	TMBL0000159

FAQ’s About Vallioor Car Loan

✅ So, what were the choices for the tenure period?

It’s your decision. Customers have a variety of payments choices to select from, extending 12 to 84 months, many of which are customized to requirements.

✅ Will it is feasible to get a loan on my existing car?

Indeed, numerous banks might issue such a mortgage on the present car if you’ve got a good payment history with your mortgage provider.

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