Best Banks for Car Loan in Tiruvottiyur
Car Loan Tiruvottiyur Features
A car loan is a financial help provided by banks and NBFC’s to fulfil your dream of having your own car. Necessary funding for purchasing a car which can be on Ex-Showroom Price or On-Road Price of the car is provided by them. With easy repayment options, Car Loan is a secured loan. The amount of loan is offered from bank to bank where interest charges may vary . One can pay for the vehicle in easy instalments.
Car Loan Tiruvottiyur 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 Tiruvottiyur Documents Required
Documents required for car loan are as followed:
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(anyone): Ration card/ Driving license / Voters card / Passport Copy / Telephone Bill / Electricity Bill / Life Insurance Policy /PAN Card
- Bank Statement: Last 6 months.
Car Loan Tiruvottiyur Eligibility Criteria
The car loan eligibility requirements are as followed:
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.
Processing Fees & Prepayment Charges on Car Loan Tiruvottiyur
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 Tiruvottiyur
Three-digit numeric summary of your credit history is called a CIBIL Score. The score is calculated based on the credit history found in the CIBIL Report (also known as CIR i.e Credit Information Report) of the applicant. An individual’s credit payment history across loan types and credit institutions over a period of time is called A CIR. A Details of your savings, investments or fixed deposits are not included in CIR. 750 and above CIBIL score is required to get a car loan in Tiruvottiyur.
Car Loan Tiruvottiyur Contact Number
To get instant car loan you can visit our website or call on 9878981166 to get personalized assistance. Our executives are well trained and will assist you in the best way possible in order to provide you with a deal most suited for you.
Pre Calculated EMI Table for Car Loan Tiruvottiyur
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 Tiruvottiyur
Administered by the Greater Chennai Corporation, Tiruvottiyur is a neighbourhood in North Chennai. Located to the north of Chennai city, it is part of the Tondiarpet division. It is one of the 15 administrative zones in Greater Chennai Corporation. Zone 1 (Tiruvottiyur) is the name of this zone. It is fast becoming a sought after residential destination, due to its proximity to Parrys and Chennai Central along with comparatively cheaper residential space and decent amenities.
Tiruvottiyur had a population of 249,446, according to 2011 census.
Special Note: Banks do not provide Car Loans to bad credit holders, but one can fulfil their money requirement with Gold Loan easily.
Car Loan EMI Calculator
Car loan EMI can be calculated by clicking on Car Loan EMI Calculator at Dialabank. It is free to use and you can use it as many times you want. 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:
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| Car Loan Thoothukudi | Car Loan Perambalur |
