Best Banks for Car Loan in Madambakkam
Car Loan Madambakkam Features
If you’re a resident of Madambakkam and you want to own a car, you’ve come to the right place! Through Dialabank, you can avail car loans for both brand-new and second-hand cars, as well as for both ex-showroom and on-road prices. You can choose the tenure of the loan yourself, while also getting access to some of the very appealing features of car loans in Madambakkam such as: –
- Car loans available at low-interest rates, which may range from bank to bank so make sure you compare and choose wisely!
- Almost all major banks and NBFCs offer car loans in Madambakkam
- The documentation process is quick and hassle-free
- Car loans are easily available through DialaBank, we make sure you fulfil your dream with as much convenience as possible
Car Loan Madambakkam Interest Rates
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 Madambakkam Documents Required
Documents required for car loan are as followed:
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 Madambakkam Eligibility Criteria
The car loan eligibility requirements are as followed:
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 Madambakkam
TABLE WILL APPEAR Apply for a Car LoanProcessing Fees / Prepayment Charges on Car Loan Madambakkam
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 Madambakkam
The CIBIL score is referred to as what defines your ability to pay off your credits and is based on your repayment history. A higher Credit score means good credit history and makes your car loan application process smooth and easy to be processed, while a low score can charge you a higher interest rate. Mostly, banks and NBFCs consider a credit score of 750 and above as a good score to approve your loan application process in Madambakkam. This score may again vary from bank to bank.
Car Loan Madambakkam Contact Number
In case of any queries regarding the car loan in Madambakkam, you may contact us at 9878981166 or visit our website Dialabank for any sort of assistance!
Apply for a Car LoanPre Calculated EMI Table for Car Loan Madambakkam
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 Madambakkam
About Madambakkam
Madambakkam is a Panchayat town in Chengalpattu area, Tamil Nadu, India. This place is known for its noteworthy sanctuary devoted to Lord Shiva. The primary divinity of the sanctuary is Lord Dhenupureeswarar. The sanctuary is accepted to be redone during the residency of Kulothunga Chola.
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