Coimbatore is one of the most famous places in south India. Almost every bank provide loan facility for vehicles in coimbatore at affordable interest rates and Eligibility criteria. Here's the list of Major banks which you can check before apply for car loans in Coimbatore:
Banks/Rates | HDFC Bank | Kotak | Axis Bank | State Bank of India (SBI) |
New Car Loan |
9.45% - 12.50% | 11.50% - 13.50% | 9.40% - 12.00% | 9.45%( for WOMEN) 9.50%( for Others) |
Processing Fee | Up to 2.5 Lakhs: Rs. 3220/-, (Above 2.5 Lac, Rs.4390/- to Rs.5870/-) | Rs.3300/- to Rs.4750/- | Rs.3500/- to Rs.5500/- | Nil |
How Much Salary or Income Required Getting Car loans in Coimbatore
Documents you will need to submit for Apply Car loan in Coimbatore: · Proof of Identity: Passport copy, PAN Card, Voters Id card, driving licence( Laminated, Recent, Legible) · Income Proof: Latest salary slip with form 16 / Audited balance sheet, Profit & Loss Account for latest two years/ Have a minimum turnover of Rs. 4,50,000 per annum / Audited balance sheet, Profit & Loss Account for latest two years and the latest 2 years IT returns of the company / Latest ITR · Address Proof: Ration card/Driving licence/Voters card/passport copy/telephone bill/ electricity bill/Life insurance policy PAN Card. · Bank Statement: Last 6 months
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HDFC Bank ICICI Bank Kotak Mahindra SBI Magma Fincorp |