Car Loan Erode
Here’s the List of Best Banks for Car loans in Erode:
| Bank Name | Erode |
| UCO Bank | Mettur Rd, Erode, Tamil Nadu 638001 |
| Indian Overseas Bank | thillai nagar, Erode, Tamil Nadu |
| ICICI Bank | 5/1, Neela Complex Paarinagar Corner, Erode-638011, State Highway 96, Palayapalayam, Erode, Tamil Nadu 638011 |
| Axis Bank Ltd | RS No. 418/2, Near Sudha Nursing Home, Perundurai Road, Veerappan Chathiram Panchayat, Erode, Tamil Nadu 638011 1800 209 5577 |
| Syndicate Bank | Mettur Rd, Erode, Tamil Nadu 638009 |
| Axis Bank | Perundurai Rd, Erode, Tamil Nadu 638009 |
| Repco Bank | 1155, Mettur Rd, Erode, Tamil Nadu 638009 |
| Karur Vysya Bank | Erode, Tamil Nadu 638001 |
| Canara Bank | Karungalpalayam, Erode, Tamil Nadu 638003 |
| Axis Bank | Perundurai Rd, Erode, Tamil Nadu 638009 |
| Tamilnad Mercantile Bank Ltd ATM | 240, Gopi - Erode Main Road, Othakuthirai, Tamil Nadu 638455 |
| SBI | COLLECTORATE BUILDING, Perundurai Rd, Erode, Tamil Nadu 638011 |
| Indian Overseas Bank | Moolapalayam, Erode, Tamil Nadu |
| Tamilnad Mercantile Bank Ltd | Post Box No 19, 27 1 oldno south car street, Erode, Tamil Nadu 627211 1800 425 0426 |
| ICICI Bank | Gandhiji Rd, Erode, Tamil Nadu 638001 |
Benefits :
Firstly, it enables you to buy a better car than you could otherwise afford. Trying to save money by buying an older model can result in more costly repairs being needed, which all amounts to a false economy in the long run. Taking out a car loan also means you can spread the cost over a longer period of time, which in turn makes your car much easier to pay for - and you will always know where you stand with your monthly payments. You'll also know exactly how long you'll be paying the loan for until it's completed.
| 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 Erode Minimum 15000 per month income required for getting loans from bank to purchase a dream car in Erode. Documents you will need to submit for Apply Car loan in Erode: · 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 |
