Best Banks for Car Loan in Chidambaram
|
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 Chidambaram Features
With the presentation of fresh out of the box new vehicles in the Indian market week after week, the individuals are getting astounded by various looks of vehicles, yet the significant expense labels dishearten them to purchase those vehicles. Vehicle loan is the most ideal approach to accomplish money in a little period which will assist you with arranging assets with no deterrent and bother.
A Vehicle credit is a money related help gave by banks and NBFC’s to people to satisfy their fantasies about having their vehicle. They give the essential subsidizing as per your qualification for buying a vehicle which can be on Ex-Showroom Price or On-Road Price of the vehicle.
Vehicle Loan is a secured form of a loan with simple reimbursement choices. Low-financing costs EMI alternatives are accessible for vehicle credits in Chidambaram.
Car Loan Chidambaram Interest Rate
Bank
Processing Fee
HDFC Bank Car Loan
(1999 - 4999) + Tax
Axis Bank Car Loan
1 % to 2.50%
Nil
Private Bank Car Loan
0.25% to 1.50%
SBI Car Loan
500/- to 0.50%
Nil
Kotak Car Loan
1% to 2%
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 Chidambaram Documents Required
Documents required for car loan are as followed:
For Salaried Employee
- Identity Proof: Passport copy, PAN Card, Voters ID card, Driving License
- Income Proof: Latest 3-months salary slip with form 16
- Address 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
- Identity Proof: Passport copy, PAN Card, Voters ID card, Driving License
- Income Proof: Latest ITR of the applicant
- Address Proof: Ration card / Driving license / Voters card / Passport Copy / Telephone Bill / Electricity Bill / Life Insurance Policy /PAN Card
- Bank Statement: Last 6 months.
Car Loan Chidambaram Eligibility Criteria
The car loan eligibility requirements are as followed:
For Salaried Employee
- 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
- 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 p.a for standard cars and Rs.100000 p.a. for mid-sized and premium cars.
Car Loan for Major Car Manufacturers in Chidambaram
TABLE WILL APPEARProcessing Fees & Prepayment Charges on Car Loan Chidambaram
Category
Details
Processing Charges
Prepayment
Preclosure
Stamp Duty
Cheque Bounce Chgs
Floating Rate of Interest
Not Applicable
Overdue EMI Interest
Amortisation Schedule Chgs
Rs 200 + GST
CIBIL Score Required for Car Loan in Chidambaram
CIBIL score plays an important role in deciding the approval of a loan. The CIBIL score provides a clear picture of credit history and any outstanding dues standing against the applicant. The credit history is necessary to disburse the loan amount after checking the eligible CIBIL score. Normally, CIBIL scores 750 or above are considered as good by many leading banks.
Car Loan Chidambaram Contact Number
Apply online on Dialabank site and get the best offers on a car loan with instant approval and extra benefits or make a call on this number 9878981166
Pre Calculated EMI Table for Car Loan Chidambaram
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 Chidambaram
Chidambaram is a town and region in the Cuddalore region in the Indian territory of Tamil Nadu.
The travel industry frames the financial base of Chidambaram. There are family unit ventures like weaving is available inside town limits, in any case, there are no significant enterprises in the town.
Special Note: Banks do not provide Car Loans to bad credit holders, but one can fulfill their money requirement with Gold Loan easily.
Car Loan EMI Calculator
EMI is the payment which the borrower makes every month to repay the loan. EMI constitutes the principal amount along with the accrued interest. You can use the EMI calculator to calculate your monthly loan EMI payouts. The borrower just needs to enter the variables of the loan such as the principal amount, tenure, and interest rate and it instantly fetches a result which is the EMI. Calculating EMI using the online EMI calculator is easy and you get to know your loan EMI in seconds.
You can use the EMI calculator at Dialabank which is free.
Your EMI depends upon your credit score which should be 750 or more to get a cheaper interest rate. Lender institutions also study your previous loan repayment behavior. Your loan repayment behavior and CIBIL score affect your loan amount as well as your interest rate.
Other Cities For Car Loan In Tamil Nadu
| Car Loan Chengalpattu | Car Loan Sircilla |
| Car Loan Batlagundu | Car Loan Secunderabad |
| Car Loan Zahirabad | Car Loan Rangareddy |
| Car Loan Warangal | Car Loan Ramagundam |
