Best Banks for Car Loan in Tiruchirappalli
Car Loan Tiruchirappalli Features
A car loan is a financial assistance and aid provided by banks and NBFC’s in the city to individuals to aid them in fulfilling their dream of having their own car.
They provide the necessary funding required by you according to your eligibility for purchasing a car which can be on Ex-Showroom Price or On-Road Price of the car.
Car Loan is a secured form of a loan with easy repayment options and low-interest rates EMI options are available for car loans in Tiruchirappalli.
Car Loan Tiruchirappalli Interest Rate
| 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 Tiruchirappalli Documents Required
Documents required for car loan are as followed:
For Salaried Individuals:
- Identity Proof: Passport copy, PAN Card, Voters ID card, Driving License
- Address Proof: Telephone Bill / Electricity Bill / Ration card / Driving license / Voters card / Passport Copy / Life Insurance Policy /PAN Card
- Income Proof: Latest 3-month salary slip with form 16
- Bank Statement: Last 6 months.
For Self Employed Individuals:
- Identity Proof: Passport copy, PAN Card, Voters ID card, Driving License
- Income Proof: Latest Income Tax Return
- Address Proof: Ration card / Driving license / Voters card / Passport Copy / Telephone Bill / Electricity Bill / Life Insurance Policy /PAN Card
- Bank Statement: Last 6 months.
Car Loan Tiruchirappalli Eligibility Criteria
The car loan eligibility requirements are as followed in Tiruchirappalli:
For Salaried Individuals:
- Minimum age: 21 years
- Minimum employment: 1 year in the current place of work and 2 years of total employment.
- Minimum Annual Income: Rs 100000 net annual income.
- Maximum age at loan maturity: 65 years
For Self Employed Individuals:
- Minimum age: 21 years
- Maximum age at loan maturity: 65 years
- Minimum employment: A minimum of 3 years in business.
- Minimum Annual Income: Net profit of Rs. 60000 p.a for standard cars and Rs.100000 p.a. for mid-sized and premium cars
How to Apply for Car Loan in Tiruchirappalli?
Availing a car loan Tiruchirappalli is an easy process with Dialabank. Just follow some steps to avail the best offers:
- Visit our website and click on the car loan option available on the menu. Fill in the details regarding the car type and your income. Our relationship manager will soon get in touch with you on your provided number.
- You may also contact our relationship managers on the number +919878981166 in case of any queries regarding the loan.
- For availing a car loan offline you will have to visit the branch personally, which might turn hectic for you. So we advise you to do it online!
Car Loan for Major Car Manufacturers in Tiruchirappalli
TABLE WILL APPEARProcessing Fees & Prepayment Charges on Car Loan Tiruchirappalli
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 Tiruchirappalli
CIBIL score which is also known as credit score is the score that defines the credit-history of an individual. The effectiveness with which a person has paid off his previous loans is depicted through this credit score.
Any kind of loan including the car loan requires an excellent CIBIL score of the individual. The exact value may differ from one bank to another with time. But, a score of 750 and above is always considered a good score and makes the entire process of car loan in Tiruchirappalli availability easy and convenient.
The higher the CIBIL score, the easier it becomes for an applicant to avail a car loan in the city.
Apply for a Car LoanCar Loan Tiruchirappalli Contact Number
Dial us up at +919878981166 to get more information about car loans at Tiruchirappalli 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 Tiruchirappalli
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
About Tiruchirappalli
Tiruchirappalli also known as Tiruchi or Trichy is an ancient city in the southern Tamil Nadu state of India. The Kaveri and Kollidam rivers flow around Srirangam Island, which is also known for its sacred Hindu sites Sri Ranganathaswamy Temple, with intricately carved gopurams, and Jambukeswarar-Akilandeswari Temple, which is dedicated to the god Shiva.
Apply for a Car LoanCar Loan EMI Calculator
You may also check the car loan EMI calculator available on our website.
Other Cities with the Car loan:
| Car Loan Tirupur | Car Loan Ranipettai |
| Car Loan Tindivanam | Car Loan Ramanathapuram |
| Car Loan Thuckalay | Car Loan Pollachi |
| Car Loan Thoothukudi | Car Loan Perambalur |
