Best Banks for Car Loan in Trivandrum
Car Loan Trivandrum Features
Having a dream Car has become a necessity and to buy it is out of the reach of an ordinary man. Auto Loan is the best way to own your favourite car and to eliminate the gap between you and your favourite car. You can ride your life smoothly by making your family happy by gifting a car to your family. Car Loan features in Trivandrum:
- Easy monthly repayment options
- Instantly available
- Loan Tenure period varies from 1-7 years.
- Affordable interest Rates
- Able to check your eligibility
- No hidden charges
- Fast documentation Process
Car Loan Trivandrum 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 Trivandrum Documents Required
Documents required for car loan are as followed:
- Identity Proof required for getting a car loan: Passport copy, PAN Card, Voters ID card of the applicant
- Income Proof: For Salaried required for getting a car loan– Latest 3-month salary slip with form 16 of the applicant
- For Self Employed required for getting a car loan- Latest Income Tax Report of the applicant
- Address Proof required for getting a car loan: Ration card/Driving license/Voters card/Passport Copy/Telephone Bill/Electricity Bill/Life Insurance Policy/PAN Card of the applicant
- Bank Statement required for getting a car loan: Last 6 months bank statement of the applicant
Apply for a Car Loan
Car Loan Trivandrum Eligibility Criteria
The car loan eligibility requirements are as followed:
- Minimum age required for getting a car loan: 21 years old
- Maximum age at loan maturity required for getting a car loan: 65 years old
- Minimum employment required for getting a car loan For Salaried- 1 year in current employment and a minimum of 2 years of employment
- For Self Employed experience required for getting a car loan– at least 3 years in business
- Minimum Annual Income required for getting a car loan: For Salaried Rs 10,0000 net annual salary
- For Self- Employed required for getting a car loan: Net profit Rs. 60,000 per annum for standard cars and Rs.100000 p.a for mid-sized and premium cars
Car Loan for Major Car Manufacturers in Trivandrum
TABLE WILL APPEARProcessing Fees & Prepayment Charges on Car Loan Trivandrum
| 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 Trivandrum
CIBIL score can be checked on the CIBIL website and it is dependent on various factors which are EMIs payment, dues, debt, and other things and all of these affect your CIBIL score which can ultimately affect your loan application.
Car Loan Trivandrum Contact Number
You can get a car loan Trivandrum easily from dialabank by contacting the number 9878981166.
Pre Calculated EMI Table for Car Loan Trivandrum
| 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 Trivandrum
Also known by its former name Trivandrum, Thiruvananthapuram, is the capital of Kerala, the Indian state. With regard to population, it is the most populous city in Kerala. Thiruvananthapuram contributes 55% of the state’s software exports as of 2020, and is a major Information Technology hub in Kerala. The city is characterized by its undulating terrain of low coastal hills, and so was referred to by Mahatma Gandhi as the “Evergreen city of India”.
Car Loan EMI Calculator
By using Car loan EMI Calculator provided by Dialabank, you can calculate the Car loan EMI. You can use it an infinite number of times as it is free to use. The amount that you pay to the bank as monthly repayment for the loan amount borrowed, is called the Equated Monthly Installments(EMI) which are the monthly fixed charges. 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 For Car Loan In Kerala
| Car Loan Thodupuzha | Car Loan Punalur |
| Car Loan Thrissur | Car Loan Perinthalmanna |
| Car Loan Thalassery | Car Loan Pathanamthitta |
| Car Loan Shoranur | Car Loan Pandalam |
