Riding a vehicle you own gives you another type of excitement and sense of satisfaction of having fulfilled another desire in your list. Chennai being a metro is always a densely populated city, which is spread over geographic area of 462km2. The city is well known for its development right from the British era, and the connectivity it has gained due to availability of port which has always attracted trade through water. The city is also known for its rich cultural heritage. Being a metropolitan people enjoy city’s rich culture and upbeat atmosphere owing to the presence of IT sector. For folks living in  Chennai, who are planning to buy a Car – we provide you the right platform to choose Car Loans in Chennai.

About Car Loans in Chennai:

  1. Loan amount: You can avail Car Loan in Chennai ranging between Rs. 50,000/- to Rs. 2.5 Crores to drive home your dream car without any hassle.
  2. Loan tenure: The loan tenure to pay back your loan amount can be as long as 7 years.
  3. Rate of Interest: You can avail Car loan in Chennai at rate of interest 9.65% p.a.
  4. Some banks in Chennai offer Car loans at 2% Processing Fee
  5. Car loans offers with Nil- Part Payment Charges and Nil Fore-closure charges can be picked to have a smooth closure at any point of time.
  6. Your car loan in Chennai can be availed without providing any guarantor for the car loan.
  7. You can buy a new car, used car, or a commercial vehicle depending on your choice and pocket.

Know your eligibility for availing Car loans in Chennai:

  • You are eligible if you are at least 21 years old or less than 75 for salaried individuals
  • You are also eligible if you are a self- employed professional with a minimum age of 18 years or less than 75 years.
  • You should have an annual salaried income of Rs.2.4 Lakhs p.a. along with the co-applicant in case you are jointly applying (Note – The co-applicant can be your blood relation or your business partner)
  • If you are a self-employed individual you must have a minimum income of Rs. 1.8 Lakhs net annual business income.

Know the Documents required for availing Car Loan in Chennai:

  • Address
  • ID proof
  • Self – attested photograph
  • Application form
  • Income proof
  • 3 months bank statement

How to apply for Car Loans in Chennai?

  • If you are done with your market research and zeroed on the car your wish to buy and the dealer your wish to buy your car from, all you need to do is to avail a quote from the car loan seller and logon to Letzbank, and get on on the car loan section
  • Choose from various banks offering car loan schemes
  • Choose the best car loan scheme by viewing the comparative statement of various car loan products
  • Submit an application for car loan by filling in simple online application with precise information about yourself.
  • Submit your application and let the experts do the job of facilitating car loan for you in your city.
  • Applying online will help you waive off Service Fee applicable on your car loan.
  • E-save documents on Document Locker
  • What next! Just drive home your dream car with Letzbank– Apply Today!