HDFC Bank offers Car Loan in Chennai at affordable rate of Interest in India. HDFC Bank is a leading Banks for providing car Loan in Chennai to purchase of New Car, Old Car. HDFC Bank also take over the Car Loan from applicant having with the Banks or Financial Institution. A applicant can apply for the Car loan with flexible tenure upto seven years. HDFC Bank is providing car loan to their borrower at the attractive rate of interest in India. A applicant should have good track record of credit score to apply for car loan. Nonpayment of loan will impact that a car will be taken over by Bank and will be sold to any. If anyone wants to purchase of Sales the Used car click herew Used car Purchase and Sales So a borrower should pay the loan without any default upto loan completely paid.
The GST council has give the big relief on sale of old and used vehicles by issuing the notification No.8/2018. Previously the GST rate of Tax was upto 43% including cess on the Sale of old vehicles. Whereas the Government has reduced the tax rate between 12% to 18% which is to be paid on margin sale of supply. However the exemption is available under notification No.1/2018. Note : GST is to be calculated on the margin sale of supply. The margin sale of supply is difference between sale consideration and written down value. So GST has to be paid only on Margin sale of supply instead of sale value. The GST shall ignore incase of margin of supply is negative. .
|Bank/Lender Name||Car Loan Interest Rate||Loan Processing Fees|
|9.25% onwards||0.50% of Loan Amount +ST||Min: Rs.950.00 +ST, Max: Rs.9100.00 +ST|
|HDFC Bank||9.35% onwards||Rs.2825 to Rs.5150 (depends on the loan amount)|
|ICICI Bank||9.55% onwards||Rs.2500 to Rs.5000 (depends on the loan amount)|
|Axis Bank||9.50% onwards||Rs.3500 to Rs.5500|
|IDBI Bank||9.95% onwards||NIL|
|Punjab National Bank||9.25% onwards||1% of the loan amount. (Max-Rs.6000)|
|Bank of India||9.25% onwards||Rs.500/- plus S.T. or 1% of loan amount. Min: Rs.500 and Max: Rs.10,000|
|Syndicate Bank||10.1% onwards||Up to 2 Lakhs: Rs.1.25 per thousand. Minimum: Rs.125/-|