Car Loan Tiruppur

Best Banks for Car Loan in Tiruppur

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 Tiruppur Features

Saw a car you would like to have in your home?

Get a car loan for less!

A car loan is a financial help provided by banks and NBFC’s to fulfill your dream of having your car. They provide necessary funding for purchasing 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 loan amount is offered on Interest charges which vary from bank to bank. One can pay for the vehicle in easy installments.

Car Loan Tiruppur 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

Apply for a Car Loan

Car Loan Tiruppur Documents Required

Documents required for car loan are as followed:

For Salaried Individuals:

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

For Self Employed Individuals:

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

Car Loan Tiruppur Eligibility Criteria

The car loan eligibility requirements are as followed in Tiruppur:

For Salaried Individuals:

1. Minimum age: 21 years
2. Minimum employment:  1 year in the current place of work and 2 years of total employment.
3. Minimum Annual Income: Rs 100000 net annual income.
4. Maximum age at loan maturity: 65 years

For Self Employed Individuals:

1. Minimum age: 21 years
2. Maximum age at loan maturity: 65 years
3. Minimum employment: A minimum of 3 years in business.
4. 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 Tiruppur?

Availing a car loan Tiruppur 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 Tiruppur

TABLE WILL APPEAR

Processing Fees & Prepayment Charges on Car Loan Tiruppur

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
	>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 Tiruppur

Every lending institution has its criteria for the minimum CIBIL score required for processing the Car Loan application in Tiruppur so that they can minimize the risk of lending to you. Most institutions require a minimum score of CIBIL of 750 or above to process your loan application. Also having a good CIBIL score helps to loans at a cheaper rate of interest.

The institutions don’t just look at the overall score but also the detailed behavior on the previous loans taken. This includes details on the type of loan taken and the amount borrowed. Any delayed payments for previous loans can act as a barrier to your availing a fresh loan.

A good CIBIL score helps to get the loan process to get faster and also helps to get a lower rate of interest too.

Apply for a Car Loan

Car Loan Tiruppur Contact Number

Dial us up at +919878981166 to get more information about car loans at Tiruppur 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 Tiruppur 

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 Tiruppur

Tiruppur or Tirupur is a city in the Indian state of Tamil Nadu. Tiruppur is the administrative headquarters of Tiruppur district and the fifth-largest city as well as urban agglomeration in Tamil Nadu.

Apply for a Car Loan

Car Loan EMI Calculator

Car loan EMI can be calculated by Car loan EMI Calculator provided by Dialabank. It is free to use and you can use it an infinite number of times. Equated Monthly Installments(EMI) is the monthly fixed charges that you pay to the bank as monthly repayment for the loan amount borrowed. Based on the profile, the interest rate on the loan is determined. EMI is calculated based on the Interest Rate you are charged by the bank and the amount of loan you have to take and the period for which you enjoy the car loan.

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