Car Loan in kochi

Check Car Loan Interest Rates of all major banks of kochi Instantly

Bank NameFloating Interest RateProcessing Fee
Kotak Mahindra Bank 11.50% to 13.50%N/A
HDFC 8.25% - 14.26% (Avg 9.40%)Rs. 10,000 or 0.4% of car loan sanctioned
IndusInd bank 10.65 %1% of the loan amount
ICICI 12.75 %5% on the outstanding principle
Bank of baroda 9.15 %Nil
AXIS 12 %Rs.3500 to Ra.5500
HDB bank N/AN/A
IIFL 12%Rs. 4,500 to Rs. 8,000 or 1% of loan amount
Federal Bank 9.20%Rs 1500 to Rs 2500
TATA CAPITAL 12.5 %1.50% of the loan amount or 6,000 per vehicle, whichever is higher
RBL BANK 12 to 14 %1% of Loan amount.

About kochi

Kochi is also known as Cochin. It is part of the district of Ernakulam in Kerala an Indian state. It is a major port city on the south-west coast of India bordering the Laccadive Sea. It is also part of the Greater Cochin region and has been classified as a Tier-II city by the India Government. Kochi is the most densely populated city in the Indian state Kerala. It used to be a fishing village in the Kingdom of Kochi in the pre-colonial Kerala. It is also popular as the "Queen of Arabian Sea".

For centuries Kochi was the center of the Indian spice trade, because of its a rich spice history. It was attracted by most of the foreign traders. There are many places in God’s Own Country, Kerala including beaches and backwaters, tea plantations and spice estates, hot steaming appams with stew and vibrant Kathakali performances.

Cochin has a different signature of history and tradition woven together with modernization. The places to visit in Cochin, especially the most attractive ones, are Mattancherry Palace, Kodanad Elephant Training Centre, Kadalkkara Lake Resort, Indo-Portuguese Museum, Paradesi Synagogue, Mangalavanam Bird Sanctuary, Santa Cruz Basilican, St Francis Church, Cherai Beach, Chinese Fishing Nets, Wonderla Amusement Park, Malayattoor, Athirapally Falls,Veeranpuzha Beach, Gowreeswara Temple Cherai, Shiva Temple, Hill Palace, Folklore Museum, Veegaland, Ernakulam Mahadeva Temple, Kathakali Center, Ginger House Museum Hotel, Munambam Beach, Marine Drive, Fort Kochi Beach, Bolgatty Palace And Island Resort, Chottanikkara Bhagavathy Temple, Princess Street, Kashi Art Cafe, and Museum of Kerala History,

About Car Loan in kochi

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 kochi 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 kochi -

No worries for strict eligibility conditions. We tie-up with all the best lenders in the kochi 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 kochi

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 kochi

If you are falling short of funds for buying a car, go for a Car Loan. At kochi, 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 kochi. 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.

INDUSIND BANK

About

Indusind Bank Limited is a new generation private bank. Established in 99, the bank is headquartered in Mumbai, India. It stands tall today as one of the reputed banks in the country. Indusind Bank operates more than 000 branches and over ,800 ATMs spread across the country. It also has representative offices in London, Dubai and Abu Dhabi.

Banking

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Product

The bank provides various banking solutions to individuals, NRIs, business owners, corporate, government and financial Institutions. It operates through Treasury, Corporate/Wholesale Banking, Retail Banking, and other Banking Operations segments. The bank offers current, savings, defense, corporate salary, and RFC accounts; and fixed deposits, recurring deposits, young saver deposits, as well as Rupee multiplier products.

Loans

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Card

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RBL Bank Limited

About

RBL Bank (Ratnakar Bank Limited) is one of the fastest growing private sector banks in India, headquartered in Mumbai, Maharashtra. Established in August 9, currently the bank operates through a network of branches, 99 banking outlets and 9 ATMs spread across 0 Indian states and union territories. In August 99, the bank obtained Scheduled Commercial Bank status. It is listed on both BSE (Bombay Stock Exchange) and NSE (National Stock Exchange).

Banking

SMS BankingOnline BankingMobile/Phone Banking

Product

Corporate & Institutional BankingCommercial BankingBranch & Business BankingAgri Business BankingDevelopment Banking and Financial InclusionTreasury and Financial Markets Operationssavings accountscurrent accountsfixed deposits

Loans

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Insurance

Life InsuranceGeneral InsuranceHealth Insurance

Popular product

Corporate & Institutional BankingCommercial BankingBranch & Business BankingAgri Business BankingDevelopment Banking and Financial InclusionTreasury and Financial Markets Operationssavings accountscurrent accountsfixed deposits