Car Loan Virudhunagar

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Best Banks for Car Loan in Virudhunagar

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 Virudhunagar Features

car loan VirudhunagarOnly a very few people, with strong bank balances, can afford to buy cars by paying in cash. But the best way of financing the purchasing of cars is by grabbing a Car Loan. A Car Loan is easily accessible and involves low-interest rates and easy installments.

Click here for ICICI car loan

Car Loan Virudhunagar Interest Rate

  • Car loan interest rates change every time, again and again, so it’s important to monitor them. Your loan’s interest rate impacts the amount you’re going to pay for the month to month.for the loan amount between Rs.6 lacs and Rs.10 lacs, 9.25% interest rate will be charged.
  • If the loan amount is between Rs.10-20 lacs, then the interest rate charged will be 9.00% per annum.
  • Lastly, the loan amount above Rs. 20 lacs then the interest rate will be 8.70% per annum.

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

Car Loan Virudhunagar Documents Required

  • Identity Proofs: PAN Card, Driving License, Passport or Voters ID
  • Monthly income proof: salary receipt for salaried persons and last three years of IT return for businessmen
  • Proof of Address: Electricity Bill, Ration Card, Life Insurance Policy, etc.
  • Bank Passbook transactions of the last 6 months
  • Previous 3 years IT Returns for self-employed
  • 2 Passport size photographs

Click here for Axis car loan

Car Loan Virudhunagar Eligibility Criteria

  1.  The minimum age of the applicant to apply for the loan is 21 years.
  2. The maximum age of the applicant to apply for the loan maturity is 65 years.
  3. For salaried applicants:1 year in current employment and also a minimum of 2 years of employment must be for the salaried applicant.
  4. For Self-employed: the applicant should have at least 3 years in business. so that the applications will get approval quickly and also the applicant should submit income tax return(ITR) files.
  5. For Salaried the annual income should get more than Rs.3lakhs and also for the standard cars, the applicant should get more than 3 lakhs of income.
  6. For self-employed the net annual income should be more than 4lakhs also for the standard cars, the applicant should have more than 3lakhs of income.

How to Apply for Car Loan in Virudhunagar?

  • First, Visit the Dialabank website.
  • Then, Go to the loan section and select an auto loan followed by a car loan link.
  • Provide all your information, including your phone number.
  • Finally, You will receive a phone call from our experts, and they will guide you further.

Processing Fees & Prepayment Charges on Car Loan Virudhunagar

check here for the processing Fees and Prepayment charges on a car loan.

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 Virudhunagar

CIBIL score plays a key role while getting the loan. if your Cibil score is between 750-900. then you will get the quick loan approvals. if the Cibil score is less than 700 then your application will be pending. so, check your Cibil score before you apply for the loan. if you do not repay Your EMI your Cibil score will be reduced. the applicant has to pay monthly EMIs according to there schedule of the bank.

Click here for Yes bank car loan

Car Loan Virudhunagar Contact Number

For instant help and any more queries, you can call 9878981166.

Pre Calculated EMI Table for Car Loan Virudhunagar

check here of Pre calculated EMI table for a car loan.

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 Virudhunagar

Virudhunagar was formerly known as Virudhupatti that is a town and the Administrative Headquarters in Virudhunagar district in Tamil Nadu. The town is the birthplace of K. Kamaraj, a freedom fighter, Ex-Chief Minister of Tamil Nadu and Bharat Ratna. The town is located to the east of river Kowsika. Virudhunagar has an average elevation of 102 m. It is a marketing and service town for the surrounding places. Majority of the people in Virudhunagar are employed in agriculture, mining, quarrying, live stocks, manufacturing industries, construction, trade & commerce, and service

Car Loan EMI Calculator

Repaying the loans in EMIs will not affect our monthly budget. as well as paying in time will increases our Cibil score.

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