Car Loan Pondicherry

Best Banks for Car Loan in Pondicherry

Car Loan Pondicherry Features

If you are a resident of Pondicherry and you want to own your dream car but don’t have the funds for it, you have come to the right place! Dialabank is here to assist you to get car loans for both brand-new and second-hand cars, and for both ex-showroom and on-road prices. With us, you can get access to a lot of features of a car loan such as:

• Car loans are available at low-interest rates
• Almost all major banks and NBFCs offer car loans in Pondicherry
• quick and efficient documentation process
• Car loans are easily available through DialaBank
• You have the liberty to choose your own tenure

Car Loan Pondicherry Interest Rate

To check Car Loan Interest Rate for all major banks you can visit: Car Loan Interest Rates

Car Loan Pondicherry Documents Required

Documents required for car loan are as followed:

For Salaried Individuals:

1. Proof of Identification: Passport copy, PAN Card, Voters ID card, Driving License
2. Income Proof: Latest 3-month salary slip with form 16
3. Residence Proof: Ration card / Driving license / Voters card / Passport Copy / Telephone Bill / Electricity Bill / Life Insurance Policy /PAN Card
4. Bank Statement: Last 6 months.

For Self Employed Individuals:

1. Identification Proof: Passport copy, PAN Card, Voters ID card, Driving License
2. Income Proof: Latest ITR
3. Address Proof(anyone): Ration card/ Driving license / Voters card / Passport Copy / Telephone Bill / Electricity Bill / Life Insurance Policy /PAN Card
4. Bank Statement: Last 6 months.

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Car Loan Pondicherry Eligibility Criteria

To obtain the loan amount, a person must meet the Eligibility criteria for car loan.

You should be at least 21 years of age to apply for a car loan. The maximum age of a person should be 65 years at the time of maturity of the loan.

For Salaried: You should be having a minimum of 2 years of employment and you should be working for at least 1 year in your current employment. The minimum annual salary required is Rs. 100000 as net annual income.

For Self Employed: You should be in the business for at least 3 years. A net profit of at least Rs. 60000 p.a. should be there for standard cars and Rs. 100000 p.a. for mid-sized and premium cars.

Car Loan for Major Car Manufacturers in Pondicherry

Processing Fees & Prepayment Charges on Car Loan Pondicherry

CIBIL Score Required for Car Loan in Pondicherry

The CIBIL score is referred to as 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, while a lower 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 Pondicherry. This score may again vary from bank to bank. Thus, a CIBIL score is an important factor in a car loan.

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Car Loan Pondicherry Contact Number

In case you have any queries regarding the car loan in Pondicherry, you may dial-up the number 9878981166 for any sort of assistance. Remember, we give the best advice!

Pre Calculated EMI Table for Car Loan Pondicherry 

About Pondicherry

Pondicherry, also called Puducherry, is a Union Territory bounded by the state of Tamil Nadu. It is famous for its alcoholic beverages. Its landmarks include the Stone beach, The white town where streets are parallel, and the Matrimandir Manakula Vijaynagar Temple. Its population is around 2.4 lakhs.

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