Best Banks for Car Loan in Tenkasi
Car Loan Tenkasi Features
Thinking of purchasing a new car? But don’t have the required funds for it? Confused about how a car loan works and how it might benefit you? Dialabank is here to make everything crystal clear for you. With us, you can get the best car loan offers with affordable interest rates and EMIs.
Since cars have become a necessity for everyone, a car loan comes into play and fulfills your desire to be the owner of your dream car. The main features of a car loan in Tenkasi are:
- Almost all major banks and NBFCs offer car loans in Tenkasi in your vicinity
- The documentation process is quick and hassle-free and saves you from visiting bank branches personally
- Car loans are easily available through DialaBank. we make sure our customers get the best facilities!
Car Loan Tenkasi 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 Tenkasi Documents Required
Documents required for car loan are as followed:
For salaried:
- Passport copy, PAN Card, Voters ID card, or any other form of identity proof
- The latest 3-month salary slip with form 16
- Anyone address proof
- 6 months of bank statements.
For self-employed:
- Passport copy, PAN Card, Voters ID card or any other form of identity proof
- ITR filing proofs required
- Anyone address proof
- 6 months of bank statements.
Car Loan Tenkasi Eligibility Criteria
The car loan eligibility requirements are as followed in Tenkasi:
Salaried Individuals:
- The age should be a minimum of 21years.
- The maximum age should not be more than 60 years
- A minimum of 1 year in current employment and a previous minimum of 2 years of total employment is necessary
- A minimum of Rs 100000 income per annum
Self-employed Individuals:
- The age should be between 30-65 years.
- At least 3 years of working business.
- A minimum of Rs. 60000 p.a net profits for standard cars and Rs.100000 p.a. for mid-sized and premium cars
Car Loan for Major Car Manufacturers in Tenkasi
TABLE WILL APPEAR
Processing Fees & Prepayment Charges on Car Loan Tenkasi
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 Tenkasi
The CIBIL score plays the main role in your loan procedure. It 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 facile, while a lower score can charge you a higher interest rate.
While a score of 650 is considered as fair, most banks and NBFCs consider a credit score of 750 and above as a good score to approve your loan application process in Tenkasi. This score may again vary from bank to bank.
Car Loan Tenkasi Contact Number
In case if you have queries regarding the car loan in Tenkasi, you may contact us on the number 9878981166 for any sort of assistance.
Pre Calculated EMI Table for Car Loan Tenkasi
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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