Car Loan Salem
Here’s the List of Best Banks for Car loans in Salem:
| Bank Name | Salem |
| Corporation Bank | Vasantham Complex, Opp. New Bus Stand, Alagapuram, Omalur Main Rd, Salem, Tamil Nadu 636004 |
| Bank of India | Swarnapuri Branch, VSA Commercial Complex, No 10, Omalur Main Rd, Swarnapuri, Salem, Tamil Nadu 636004 |
| Corporation Bank | Salem-Shevapet Branch, Divya Towers I Floor, 49-57, Fort Main Rd, Shevapet, Salem, Tamil Nadu 636001 |
| Syndicate Bank | Johnsonpet Branch, Jeevan Prakash Building, LIC of India Divisional Office, Opp. ATC Depot, Johnsonpet Rd, Johnsonpet, Salem, Tamil Nadu 636007 |
| Repco Bank | Salem Branch, No. 343, Co-Optex Building, Periyar St, Swarnambigai Agraharam, Salem, Tamil Nadu 636001 |
| Indian Overseas Bank | Salem Main Branch, 16/17, Car St, Swarnambigai Agraharam, Salem, Tamil Nadu 636001 |
| Karur Vysya Bank | Salem Gugai Branch, No.445, Trichy Main Rd, Gugai, Salem, Tamil Nadu 636006 |
| State Bank of Travancore | Post Box No. 736, No. 9, Rajaji Rd, Peramanur, Salem, Tamil Nadu 636007 |
| Bank of India | Salem Branch, No 624, Fort Main Rd, Shevapet, Salem, Tamil Nadu 636002 |
| 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 Salem Minimum 15000 per month income required for getting loans from bank to purchase a dream car in Salem. Documents you will need to submit for Apply Car loan in Salem: · 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 |
