1. Understand car loan schemes
Buying a new car is obviously is a big ticket expense. A car loan might just be the best thing to you. With a car loan, you don’t have to pay your lump sum car amount at once, as all you need to do is pay in monthly installments.
A Car loan in Coimbatore has some basic loan features. There is an Interest Rate that might be different for different banks. You should always do a thorough research before applying for a car loan in Coimbatore.
2. How can car loan schemes help you?
A Coimbatore car loan can provide you with an opportunity to get some great wheels. A better car means more luxury, better performance, and safety. In order to apply, you just need to fill the online application and provide the required documentation for car loan at our Paisabazaar.com website.
Coimbatore car loan gives you an opportunity to repay for your vehicle in monthly installments. This will help you to manage your finances in a more planned way. You can even choose the tenure of the loan, which affects the monthly rates.
This loan is a great deal because you can arrange it according to your needs and possibilities. In Coimbatore, there are several banks that offer car loans which you can choose from.
3. Know more about car loan schemes?
Every bank has a different Interest Rate for a car loan in Coimbatore. Interest rates are directly relational with the loan tenure, which you choose. You can choose your loan tenure as per your convenience. Also, make sure you pay all your monthly EMIs on time without any failure.
To avail a loan easily at a lower interest rate you should also have a good credit history with a higher credit score. As a person with a higher credit score or clean credit history is considered as a more reliable borrower by the bank.
4. Interest Rates for car loan schemes
The examples of Interest Rates for car loan in Coimbatore are:
- Allahabad Bank: Interest Rate is 9.80%
- Bank of Maharashtra: Interest Rate starts from 10.10%
- Canara Bank: Interest Rate starts from 9.80%
- Central Bank of India: Floating Interest Rate amounts 10.10%
5. Coimbatore banks with different car loan schemes
Various banks can offer a car loan scheme in Coimbatore:
1. Axis Bank:
- Interest rate is 9.5% to 15%
- No guarantor needed
Pre-closure fee amounts only 5%
2. HDFC Bank:
- Interest Rate starts from 9.5%
- Maximum tenure is 7 years
- Processing fee up to Rs 2, 587
You don’t need a guarantor if you want to apply.
3. Capital First:
- Interest Rate starts from 13%
- Processing fee is 0.75% of the loan amount
- Maximum loan tenure up to 7 years
To know more about car loans in Coimbatore you can visit Paisabazaar website and simply register yourself with the required details. Our website will show you various quotes on the car loan as per your details and requirements. You can use our online car loan calculator to compare the Coimbatore car loan quotes. Check various loans and everything that they have to provide and select one to buy your brand new car.