Car Loan Puducherry

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Best Banks for Car Loan in Puducherry

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 Puducherry Features

Are you searching for a way to somehow get your dream car?

This is where car loans help you. A car loan is financial help that is provided by banks and NBFC’s for a specific period of time varying from 24 months to 60 months, for both brand new and second-hand ones. Car Loan Puducherry

They offer necessary funding for buying a car which can be on Ex-Showroom Price or On-Road Price of the car. A car loan is a secured loan with easy repayment options.

The rate of interest on a car loan varies from bank to bank.

Dialabank brings you amazing offers for a car loan in Puducherry. Providing you with the lowest rate of interest for car loans, which you won’t find anywhere else.

Offering a car loan for both Self-employed and salaried people. and even on new as well as used cars.

Car Loan Puducherry Interest Rates

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
Private 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	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 Puducherry Documents Required

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 (Any 1): Ration card/ Driving license / Voters card / Passport Copy / Telephone Bill / Electricity Bill / Life Insurance Policy /PAN Card
Bank Statement: Last 6 months.

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For more information on Documents required for car loan, click on given link.

Car Loan Puducherry Eligibility Criteria

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

Click here to apply for an Instant Car Loan

For more information on Eligibility criteria for Car Loan, click on given link.

Car Loan for Major Car Manufacturers in Puducherry

TABLE WILL APPEAR

Processing Fees/ Prepayment Charges on Car Loan in Puducherry

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
Prepayment Charges	>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 Puducherry

A CIBIL score of 750 and above is considered to be very good and it attracts a lower interest rate for car loan in Puducherry. However, a CIBIL score between 650 to 750 could be taken if you have a good income but a moderately higher rate of interest will be offered in that case. If you have ever defaulted and your CIBIL score is very low, then your loan application might be rejected.

Maintaining a good CIBIL score is a good practice as every financial institution strictly examine the detailed behavior of the previous loans taken. This includes details on the type of loan taken and the loan amount you have borrowed. Any late payments for previous loans can act as a barrier to your availing a fresh loan.

Check your CIBIL score in your credit report for more information on the score.

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Car Loan Puducherry Contact Number

Dial us up at +919878981166 to get more information about car loans at Agartala and we will give you the best advice to help you fulfill your dream easily, quickly and efficiently.

Pre Calculated EMI Table for Car Loan Puducherry

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 Puducherry

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About Puducherry

Puducherry which is also known as Pondicherry is one of the 8 union territories of India. It was formed out of four territories of former French India which are Pondichéry, Karaikal, Mahé and Yanam, excluding Chandernagore. It is the 29th most populous and the third most densely populated in union territories of India.