Best Banks for Car Loan in Dharmapuri
Car Loan Dharmapuri Features
A car loan is what allows an individual to fulfill his dreams of owning his own car. Since the prices of cars have accelerated in recent years, a car loan is not essential that anytime before. All major banks and NBFCs offer car loans in Dharmapuri at affordable interest rates and easy documentation. The main car loan features are as follows:
- Easy documentation
- Low-interest rates
- Quick Disbursal of loan
Car Loan Dharmapuri 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 Dharmapuri Documents Required
Documents required for car loan are as followed:
For salaried:
- Passport copy, PAN Card, Voters ID card, Driving License, or whichever possible as identity proof is required.
- Income Proof: Latest 3-month salary slip with form 16
- Ration card / Passport Copy / Telephone Bill / Electricity Bill / Life Insurance Policy is required to apply for a car loan.
- Last 6 months bank statement to be submitted.
For self-employed:
- Passport copy, PAN Card, Voters ID card, Driving License, or whichever possible as identity proof is required.
- Income Proof: Latest Income tax returns required.
- Ration card / Passport Copy / Telephone Bill / Electricity Bill / Life Insurance Policy is required to apply for a car loan.
- Last 6 months bank statement to be submitted.
Car Loan Dharmapuri Eligibility Criteria
The car loan eligibility requirements are as followed:
For salaried:
- The minimum age of the applicant to apply for a car loan is 21 years.
- The maximum age limit of the applicant to apply for the loan maturity is 65 years.
- 1 year in current employment is essential and also a minimum of 2 years of employment must be applicable.
- The annual income should get more than Rs.3lakhs and also for the standard cars, the applicant’s income should be more than 3 lakhs annually.
For self-employed:
- The minimum age of the applicant to apply for a car loan is 21 years.
- The maximum age limit of the applicant to apply for the loan maturity is 65 years.
- The applicant should have an operational business of 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.
- The net annual income should be more than 4lakhs also for the standard cars.
Car Loan for Major Car Manufacturers in Dharmapuri
TABLE WILL APPEAR
Processing Fees & Prepayment Charges on Car Loan Dharmapuri
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 Dharmapuri
CIBIL score plays an important role while getting a loan. In case your CIBIL score lies between 750-900, you will get quick loan approvals at an affordable rate of interest. But if the CIBIL score is less than 700 then your application might even get rejected. So, check your CIBIL score before you apply for a car loan. If you have paid your EMIs on time in the past then your CIBIL score will be higher. And if you do not repay your EMI frequently your CIBIL score will be reduced. The applicant has to pay monthly EMIs according to there schedule of the bank on the loan amount.
Car Loan Dharmapuri Contact Number
For instant help regarding car loan Dharmapuri or any queries, you may contact on 9878981166.
Pre Calculated EMI Table for Car Loan Dharmapuri
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
Car Loan EMI Calculator
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