Car Loan Thodupuzha

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Best Banks for Car Loan in Thodupuzha

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 Thodupuzha Features

Having a dream of purchasing your car? But don’t have enough funds? Don’t worry. A Car Loan is the right solution for you. Dialabank financial services help customers to compare, analyze, and choose the best loans available in the market across several financial institutions.

Almost all the major lending institutions and banks provide car loans at an attractive interest rate without much paperwork. Other than a brand new car, you can also purchase a preowned car or used car using a used car loan that is offered by numerous financial institutions. Get best offers on car loans only on applying with DialaBank.

Car Loan Thodupuzha Interest Rate

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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 Thodupuzha Documents Required

Essential Documents required for a Car loan in Thodupuzha are:

For Salaried Employee

ID Proof: Aadhar Card/ Driving License/ Pan Card/ Passport Copy, etc.
Proof of Address: Water Bill/ Voter ID/ Telephone bill/ Passport Copy
Income Proof: Previous 3 months salary slips or Form 16 of the applicant.
Recent passport size photographs-2 are required.

For Self Employed

ID Proof: Aadhar Card/ Driving License/ Pan Card/ Passport Copy, etc.
Proof of Address: Water Bill/ Voter ID/ Telephone bill/ Passport Copy
Income Proof: Recent tax return files for a self-employed individual
Recent passport size photographs-2 are required.

Car Loan Thodupuzha Eligibility Criteria

Eligibility criteria to be followed for a Car loan in Thodupuzha are:

For Salaried Employees

The minimum age for applying a car loan is 21 years and 25 years.
A salaried employee must be working in the current organization for at least a year.
Rs 25000 monthly income is a must for a salaried employee

For Self Employed

The minimum age for applying a car loan is 21 years and 25 years.
In case the individual is a businessman then, their business must be operational and yield profit from at least the past three years.

Car Loan for Major Car Manufacturers in Thodupuzha

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TABLE WILL APPEAR

Processing Fees & Prepayment Charges on Car Loan Thodupuzha

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 in Thodupuzha

Banks and NBFCs consider CIBIL score as an important criterion before approving a loan. It signifies the creditworthiness of any individual. The minimum CIBIL score requirement for financing a car varies from bank to bank. Generally, a score above 800 is considered to be decent for any individual to be eligible to apply for a car loan.

The credit history of any applicant must be free of any pending dues or debts to avoid any inconvenience in applying for a loan. Hence, it is advisable to check your credit score beforehand itself and rectify and correct the dues to ensure a smooth loan approval process in Thodupuzha.

Car Loan Thodupuzha Contact Number

To avail instant car loans you can visit our website DialaBank or feel free to call on 9878981166. Our employees are always ready to assist you.

Pre Calculated EMI Table for Car Loan Thodupuzha

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

You can calculate your EMI here: Car Loan EMI Calculator

About Thodupuzha

Thodupuzha is a municipality in the Idukki district in the Kerala state of India, spread over an area of 35.43 km².

Thodupuzha is 57 km (35 mi) from Kottayam and 60 km (37 mi) south east of Kochi. Thodupuzha is 200 km from the state capital, Trivandrum. Geographical classification of Thodupuzha Region is Malanad or Idanad.

Thodupuzha is also the name of the river that flows through the town. It is one of the largest towns in the district and is a main commercial center. The town is being modernized with the help of a program sponsored by the World Bank, financing through the Government of Kerala.

It was once part of the territory of the princely state, Travancore. It lies in central Kerala, southeast of Muvattupuzha. The Thodupuzha municipality area is characterized by abundant vegetation.

Special Note: Banks do not provide Car Loans to bad credit holders, but one can fulfill their money requirement with Gold Loan easily.