Car Loan in Chennai

About Car Loan in Chennai

Bank NameFloating Interest RateProcessing Fee
Bank of baroda9.15 %Nil
Kotak Mahindra Bank11.50% to 13.50%N/A
TATA CAPITAL12.5 %1.50% of the loan amount or 6,000 per vehicle, whichever is higher
IIFL12%Rs. 4,500 to Rs. 8,000 or 1% of loan amount
HDB bankN/AN/A
ICICI12.75 %5% on the outstanding principle
AXIS12 %Rs.3500 to Ra.5500
RBL BANK12 to 14 %1% of Loan amount.
IndusInd bank10.65 %1% of the loan amount
HDFC8.25% - 14.26% (Avg 9.40%)Rs. 10,000 or 0.4% of car loan sanctioned
Federal Bank9.20%Rs 1500 to Rs 2500

About Chennai

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Formerly known as Madras, Chennai is the capital town of the state of Tamil Nadu. It is one of the most visited Indian cities by foreign tourists and is the biggest cultural, economic, and educational centre of South India.

Chennai is also nicknamed as “The Detroit of India” having a base of one third of India’s automobile industry. It is also a major film production centre and is home to Tamil Film Industry. For many centuries the region around Chennai has served as an important military, administrative, and economic centre. Ancient coins dating to around 500 BC have been found in the excavations in the city and surrounding areas. The sculpted caves and paintings of the age old period also have been identified from that period.

About car Loan in Chennai

We aim to create a robust alternative credit ecosystem in the country. For this, we are digitizing the finance functions. Anywhere and everywhere – you can Apply for a Car Loan with just a few clicks.

Now, you can compare and make a wise choice for the best Car Loan in Chennai also. We bring forth a myriad of options from best banks and NBFCs for your convenience. It’s simple! Choose your desired product and win amazing assured cash backs up to Rs. 5000 on loan disbursal. Get ready to build a stronger tomorrow.

Eligibility Criteria for Car Loan in Chennai -

No worries for strict eligibility conditions. We tie-up with all the best lenders in the Chennai and help you with flexible eligibility criteria.

Salaried Individuals

  1. Any one aged between 21 to 60 years is eligible for a car loan.
  2. Good credit score is required for the car loan.
  3. The annual income should be around at least ₹ 2,50,000 to be eligible for a car loan
  4. A salaried individual should have the employment stability of at least 1 year with the current employer

Self-employed individuals -

  1. Any one aged between 21 to 65 years is eligible for a car loan.
  2. The annual income should be around at least ₹ 2,50,000 to be eligible for a car loan
  3. A self-employed individual should have the business stability of at least 2 year with the current employer

Documents Required for Car Loan in Chennai

We leverage existing and emerging technologies to offer you the complete digitalized process. Upload the required documents; it will take a few minutes.

  1. KYC documents like Voter ID Card, Electricity Bill, Aadhaar Card, PAN Card, Passport, Ration Card, and Driving License
  2. Salaried individuals need to furnish salary slips for the last 6 months
  3. Self-employed individuals need to showcase Income Tax Return (ITR) for the last 2 years
  4. Pro-forma invoice of the vehicle
  5. Your net worth proof like that of fixed deposits
  6. Signature verification proof
  7. 2 recent size passport photographs

Benefits & features of taking a Car Loan in Chennai

If you are falling short of funds for buying a car, go for a Car Loan. At Chennai, we have a plethora of options with added benefits. Everything is online – you don’t need to visit the bank.

Get ready to leverage the following benefits –

  1. Instant Approval – Yes. SBI, ICICI, HDFC and other players are offering instant paperless approval for Car Loan. Apply at Afinoz, and we will help you avail the Car Loan at best rate.
  2. High Eligibility – Within a just few minutes, we will assess your Car Loan eligibility and suggest you the best available options in Chennai. Our process is driven by automated technologies, and we help you get low EMI Car Loan
  3. Balance Transfer – We will make you pay your EMI easily by reducing your debt amount. Transfer your Car Loan Balance to save on money. Some lenders charge fee for a balance transfer.

YES BANK

About

Yes Bank Limited is India’s fourth largest private sector bank headquartered in Mumbai, Maharashtra, India. Established in 00, the bank primarily operates as a corporate bank, with retail banking and asset management as subsidiary functions. As of March, 08, the bank had a network of ,00 branches; national operating centers; and ,7 ATMs and bunch note acceptors.

Banking

Working capital finance
Term loans
Corporate finance
Liquidity management
Salary account
Fixed deposit account
Savings account
Ordinary account

Product

The bank also offers retail banking solutions such as personal, secured business, home, construction equipment, car, super bike, commercial vehicle, gold loans, and loans against securities; business banking services to micro, small, and medium enterprises; and health care and printing equipment finance.

Branch

MYLAPOREGANDHI NAGAR, ADYARBESANT NAGARSOWCARPETMOUNT ROADYES BANK LTD NOC CHENNAITRIPLICANE, CHENNAIKK NAGAR, CHENNAIASHOK NAGARRA PURAM, CHENNAIKILPAUK, CHENNAIMUGGAPPAIR EAST, CHENNAIR K SALAIT NAGAR, CHENNAIANNANAGAR, CHENNAIINDIRANAGAR, CHENNAIPARRYS,CHENNAINUNGAMBAKKAM, CHENNAI

SYNDICATE BANK

About

Syndicate Bank is one of the oldest and major commercial banks in India and was founded in 9. At the time of its establishment, the bank was known as Canara Industrial and Banking Syndicate Limited. The name of the bank was changed to Syndicate Bank in 9. It is headquartered in Manipal, Karnataka and was one of the major commercial banks to be nationalized on 9 July 99, by Government of India. Syndicate Bank operated a network of 0 branches, including ,9 rural, ,7 semi-urban, 8 urban, and 8 metro branches in India; and branch in London, as well as ,8 ATMs as of March 08. Syndicate Bank offers banking products and services to corporate, SMEs and retail customer in India. Its deposit products include savings accounts, current accounts, and term deposits. It also provides retail, agricultural and other priority sector loans. In addition, the bank provides corporate finance such as working capital finance; export credit, term loan finance; loan against receivables; and project finance that includes infrastructure projects. Further, it provides Aadhaar seeding, NEFT/RTGS, online tax payment, online shopping and utility bill payment, and e-filing of income tax returns. Other services include CMS, bancassurance, mutual fund services, and demat services. Syndicate Bank also provides international banking products such as non-resident (external) rupee, non-resident ordinary rupee, resident foreign currency, and foreign currency non-resident accounts, as well as manages exchange companies.

Banking

SMS Banking
Net Banking
Missed Call Banking

Product

Loan, Banking, Credit Card

Loans

Retail Loan, Agriculture Loan, Priority Sector Loan, SME Loan

Card

Syndicate Bank Global Visa Credit Card

Insurance

NA

Popular product

Loan, Banking, Credit Card

Branch

SINGAPERUMAL KOILTHIRUPORURPALLAVARAM CHENNAICHITLAPAKKAM CHENNAIVALASARAVAKKAM CHENNAIPOONAMALLEEPARVATHIPURAMCHENNAI MADIPAKKAMNANGANALLUR AMCRO, CHENNAI-IIMANDAVELLI CHENNAIKOLATHURCHINDADIRIPET CHENNAIMID CORPORATE CHENNAIKORATTURAYANAVARAM CHENNAIASHOKNAGARMAMBALAMFGMO, CHENNAIANNANAGAR WEST EXTENSIONMADURAVOYAL CHENNAISHENOY NAGAR CHENNAIKILPAUK CHENNAIVILLIVAKKAMARMB CHENNAICENTRALISED PRECESSING CENTRECHENNAI SAIDAPETCHENNAI THONDIARPETTHIRUVANMIYURCHENNAI VELACHERRYCHENNAI KOYAMBEDUCHENNAI ADYARCHENNAI K K NAGARANNA NAGAR CHENNAICORRPORATE FINANCE BRANCH CHENNAICHENNAI FORT ST GEORGEOVERSEAS BR CHENNAICHENNAI PERUVALLURR O CHENNAIAMINJIKARAINUNGAMBAKKAMCAO CHENNAIMYLAPORE CHENNAIEGMORE CHENNAIGEORGE TOWN CHENNAICHENNAI MINT STREETTRIPLICANETEYNAMPETCHENNAI PURASAWALKAMKODAMBAKKAMCHENNAI ROYAPETTAHNANDANAM CHENNAIT NAGARMOUNT ROADPERAMBURARMENIAN STREET

ICICI BANK LIMITED

About

ICICI Bank is an Indian multinational bank and financial services company. Headquartered in Mumbai, India, the bank currently has a network of ,87 branches and , 7 ATMs across India. The bank became the first Indian bank to list on the New York Stock Exchange in 000. It is India’s largest private sector bank with total consolidated assets of Rs. ,.8 billion (US$ 7. billion) as on March 08.

Banking

Internet Banking
Mobile Banking
Pockets

Product

Account Savings Accounts -in- Account Salary Account PayLater by ICICI Bank Pension Accounts EEFC Account Outward Remittance Child Education Plan New Pension SchemeAgri & Rural Farmer Finance Instant Gold Loan Agri Traders & Processors Agri Corporates Tractor Loan Micro BankingForex

Loans

Home LoanCar LoanPersonal LoanEducation LoanGold LoanLoans Against SecuritiesCommercial Business LoanPradhan Mantri Mudra YojanaStand-Up India SchemeTwo Wheeler LoansBusiness Loan

Card

Credit Card Coral Rubyx Sapphiro Emeralde Diamant MakeMyTrip Jet Airways HPCL Ferrari Manchester United Platinum Amazon Pay Unifare MetroDebit Card ICICI Bank Coral+ International Debit Card ICICI Bank Sapphiro International Debit Card ICICI Bank Rubyx International Debit Card ICICI Bank Coral Paywave International Debit Card Manchester United debit card Manchester United Coral debit card Manchester United Sapphiro Debit cardPrepaid Cards Reimbursement Card Memento Gift Card PayDirect Card Pockets, the Digital bank Multi Wallet Card Gift Card Meal CardTravel Card

Insurance

ICICI LombardICICI Pru Heart/Cancer ProtectICICI Pru iProtect SmartCar InsurancePradhan Mantri Jeevan Jyoti Bima Yojana

Popular product

Account Savings Accounts -in- Account Salary Account PayLater by ICICI Bank Pension Accounts EEFC Account Outward Remittance Child Education Plan New Pension SchemeAgri & Rural Farmer Finance Instant Gold Loan Agri Traders & Processors Agri Corporates Tractor Loan Micro BankingForex

Branch

CHENNAICHENNAI,T.NAGARCHENNAI - MOUNT ROADáCHENNAI - SELAIYURáCHENNAI - EGMOREáCHENNAI - PADIANALLURáCHENNAI - BESANT NAGARáCHENNAI - SOWCARPETáCHENNAI - NANDANAMáCHENNAI - ANNA NAGARáCHENNAI - T. NAGARáCHENNAI - PURASAWALKAMáCHENNAI - WEST MAMBALAMáCHENNAI - R H ROADáCHENNAI - MAINáMAHALINGAPURAMVELACHERY MAIN ROADCHENNAI - G.P.ROADCHENNAI ONE IT PARKBROADWAYTHILLAI GANGA NAGARGUINDYMKB NAGARVANAGARAMOFFICERS COLONY PADIM G ROAD SASTRI NAGARAKKARAIVEPERYPALAVAKKAMZAMIN PALLAVARAMSANTHOME HIGH ROADCHENNAI MAHALAKSHMI NAGARPERUNGUDIVENGAIVASALSHENOY NAGAREGMORE MONTIETH ROADURAPAKKAMVALMIKI NAGARVALLUVARKOTTAMASHOK PILLARROYAPETTAHVELACHERY_JAGANATHAPURAMVILLIVAKKAMSIRUSERIMAMBAKKAM MAIN ROADKOVILAMBAKKAMMUDICHURRAMAPURAMPORURNEELANKARAIMADURAVAYOLTHIRUVOTTIYURPAMMALCHENNAI OLD WASHERMENPETCHENNAI NORTH BOAG ROADCHENNAI RAMNAGARCHINMAYA NAGARST. THOMAS MOUNTNANDANAMVADAPALANIARUMBAKKAMMAHALINGAPURAMGOVINDAN ROADKORATTURMYLAPORESAIDAPETCHENNAI - KOLATHURMOGAPPAIRPH ROADPERAMBURá M.H. ROADEKKATUTHANGALKOYAMBEDUCHENNAI - T NAGAR, TAMIL NADUCHENNAI - AYANAVARAM, TAMIL NADUCHENNAI HARRINGTON ROAD, TAMIL NADUCHENNAI-ASHOK NAGAR, TAMIL NADUCHENNAI - ANNA NAGAR VI MAIN, TAMIL NADUCHENNAI - GOPALAPURAM, TAMIL NADUCHENNAI - MYLAPORE OLIVER ROAD, TAMIL NADUINDIRA NAGAR - CHENNAI, TAMIL NADUSALIGRAMAM, CHENNAIMOGAPPAIR-CHENNAI, TAMIL NADUTRIPLICANE - CHENNAI, TAMIL NADUCHENNAI - CHINTHAMANI, TAMIL NADUCHENNAI - PERUNGUDITIRUVANMIYURCHENNAI (KOTTURPURAM)KOTTURPURAMCHENNAI - PERAMBURCHENNAI - VIDYODAYACHENNAI - ARMENIAN STREETáCHENNAI - PORT TRUSTCHENNAI - ANNANAGAR WESTCHENNAI - VELACHERYáCHENNAI-ADYARCHENNAI - KILPAUKáCHENNAI - NELSON MANICKAM ROADáCHENNAI - PORURáCHENNAI - ALWARTHIRUNAGARáCHENNAI - SANTHOMEáSME CENTRAL OPERATIONSCHENNAI - ASHOK NAGARáCHENNAI - NANGANALLURáCHENNAI - NUNGAMBAKKAMáCHENNAI - CENOTAPH ROADá

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