Car Loans Services Nearby

Kodambakkam West Mambalam Ashok Nagar Virugambakkam Saligramam Jafferkhanpet Nesapakkam Guindy Industrial Estate

Top List of ~listcount~ Car Loan Providers in MGR Nagar, Chennai. Get a Car loan with a low interest rate. Also, get an instant vehicle loan, Auto loan, used car loan, commercial car loan, and more. Find the best car loan service providers near your loca as on Sep 17, 2025

V for U Financial Services

Jafferkhanpet, Chennai, 600083

4.0/5 Based on 7 Reviews

+918069875249

Loans

Response Time: Within 15 MinsDistance: 1.26 Kms

V For U Financial Services, located in Jafferkhanpet, Chennai, is a well-established financial service provider specializing in various loan products. With over 20 years of experience, they offer personalized assistance for home loans, mortgage loans, car loans, and business loans. The firm is known for its reliable and customer-focused approach, ensuring quick processing and disbursal of loans. They cater to a diverse clientele, ranging from individuals seeking personal loans to businesses in need of financial support. Their office is conveniently located behind Kasi Theatre, making it accessible to clients across Chennai.

Available Loan Types:

Offering 25+ different types of loans

Loan Amount Range:

From ₹1 Lakhs to ₹50 Lakhs and above
Depending on the type of loan

Gayathri Anand from Chennai

"Excellent service rendered by the mr. Perumal and pushparaj team at the time of taking car loan . Very fast and door step service by the team. And also renewal of insurance .. they take utmost care the remind us well before for renewing and patiently follow up till we make it done. My best wishes for the team and keep doing the best service..."

kaviraja from Chennai

"Really Fantastic job they did , Considering the situation demanded Regards Raja "

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Deepam Enterprises

New Military Road, Chennai, 600054

+918048092183

Loans

Response Time: Within 15 MinsDistance: 13.8 Kms

Welcome to Deepam Enterprises! We are a trusted and established business located on New Military Road. Our team of experienced professionals is dedicated to providing top-notch services in the field of loans. We specialize in vehicle loans for all types of four-wheelers, including used cars. Our loan options range from 1 to 25 lakhs, catering to a wide range of budgets. With our flexible working hours, we are always available to assist you in finding the perfect loan for your needs. Don't hesitate to explore our services and take the first step towards your dream vehicle today!

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Patkar Varde College

Adyar, Chennai, 575007

Loans

Distance: 7.45 Kms

Patkar Varde College, established in the year 1964, has built a reputation for offering diverse and enriching experiences to students. The college operates across 2 shifts and has successfully facilitated education in over 50,000 households. With a user satisfaction rate of 92% according to Sulekha, the institution continues to be a preferred choice for higher education. less

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Balasubramanian

Porur, Chennai, 600116

4.4/5 Based on 5 Reviews

Loans

Distance: 4.48 KmsSulekha score: 7

Qps financial consultant, All kind of loan services (mortgage, home, business and personal) available done here, 24/7 Services both cibil and cibil defaulter can apply here

AMEER JOHN from Chennai

"Loan amount i need Emernency "

THEANMOZHI from Chennai

"NICE RESPECT THEY GIVEN I NEED OF PERSONAL LOAN I HOPE THEM HELP IN THIS SUITATION THANKS FOR REPLY ME GOOD JOB "

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J D Future Solutions

Kelambakkam, Chennai, 603103

Loans

Distance: 27.44 KmsSulekha score: 4.6

J D Future Solutions is a trusted name in the loan industry, providing exceptional services in Kelambakkam. Our team of experts has been helping clients achieve their financial goals since our establishment. With a wide range of loan options, we cater to various needs and budgets. We specialize in vehicle loans, particularly for four-wheelers, including used cars. Our services cover a wide price range, from 6 to 25 lakhs and even more. Our team is dedicated to providing personalized solutions and exceptional customer service. Come and experience the convenience and flexibility of our loan services at J D Future Solutions.

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REMEDIES OF LOANS AND INVESTMENT NEEDS

Arumbakkam, Chennai, 600106

Unverified

Loans Construction Loans Loan against Mutual Funds

+3 more

Distance: 4.37 Kms

Welcome to Remedies of Loans and Investment Needs, your one-stop shop for all your financial requirements. Our business offers a wide range of loans such as vehicle loans, home loans, education loans, business loans, mortgage loans, loan against securities and cards, personal loans, project loans, NRI loans, unsecured loans, private finance loans, machinery loans, loan against insurance policy, and more. We have been in the industry for a long time and have established ourselves as a trusted and reliable source for all your loan needs. Our team of experts is dedicated to providing you with the best solutions and services. Visit us today and let us help you achieve your financial goals!

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Manappuram Finance Limited

MGR Nagar, Chennai, 600083

Unverified

Loans Construction Loans Loan on Credit Card

Distance: 8.13 Kms

Manappuram Finance Ltd is a Non-Banking Financial Company based in Kerala which offers Online Gold Loans at attractive interest rates. Manappuram Finance Ltd has 5200 branches across 28 states including branches of subsidiary companies. It has a track record of 70 years of quality service and expertise as an NBFC. We offer a wide variety of flexible Gold Loan schemes as well as loans in the Non-Gold category. It includes Online Gold Loans, Doorstep Gold Loans, Vehicle Loans, SME Finance, Medical Loans, etc; with instant loan approval. You can get gold loans with our Online Gold Loan App at your doorstep with minimum documentation. Next time you search for gold loans near me, remember Manappuram Gold Loans!

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Manappuram Finance Limited

Perambur, Chennai, 600011

Unverified

Loans Construction Loans Loan on Credit Card

Distance: 9.64 Kms

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Why Choose Sulekha?

Sulekha is your go-to platform for finding a wide variety of loan providers catering to diverse financial needs such as personal loans, car loans, home loans, vehicle loans, mortgage loans, education loans, and more. With Sulekha, you gain access to a comprehensive network of reputable lenders, ensuring you find the perfect match for your specific requirements. The platform simplifies your search process, saving you time and effort by connecting you with trusted professionals who can offer tailored loan solutions. Choose Sulekha for a seamless and efficient loan-seeking experience.

1. When to Consider Taking Out a Car Loan?

Financial Stability: Ensure you have a stable income to manage monthly payments and an emergency fund to cover unexpected expenses. This financial cushion helps prevent stress and ensures you can meet loan obligations without compromising other financial needs.
Credit Score: A good credit score can help secure a loan with lower interest rates and better terms. Check your credit score and improve it if necessary to enhance your borrowing options and reduce overall loan costs.
Interest Rates: Research current interest rates for car loans and compare offers from multiple lenders. Securing a lower interest rate can significantly reduce the total cost of the loan over time.
Down Payment: A larger down payment reduces the amount you need to borrow, leading to lower monthly payments and interest costs. Aim to save as much as possible for the down payment to improve your loan terms.
Loan Terms: Consider the loan term length and ensure the monthly payments fit within your budget. Longer terms may have lower payments but result in higher total interest costs, so balance the term with your financial capabilities.
Vehicle Necessity: Determine if the car is a necessity or a luxury. Essential purchases may justify taking on a loan more than discretionary ones. Also, be aware of the car's depreciation and how it affects your financial position.
Total Cost of Ownership: Factor in additional expenses like insurance, maintenance, fuel, and registration when budgeting for a car loan. Ensure these costs fit within your budget along with the loan payments.
Alternative Financing: Explore other financing options like personal loans or borrowing from family as they may offer better terms. If ownership isn't crucial, consider leasing which might have lower monthly payments.
Pre-Approval: Getting pre-approved for a loan provides a clearer picture of what you can afford and strengthens your negotiating position with car dealers. It also helps streamline the car-buying process.
Economic Conditions: Consider broader economic conditions as they can affect loan availability and terms. Economic downturns may lead to stricter lending criteria while booms might offer more favorable loan terms.

2. Eligibility Criteria for Taking a Car Loan?

Age: Applicants should be between 21 and 65 years old at the time of loan maturity. This ensures that the borrower is legally eligible to enter into a loan agreement and will be within the working age to repay the loan.
Income: Salaried individuals typically need a minimum monthly income of ₹20,000-₹25,000, while self-employed individuals should have an annual income of ₹2-3 lakh. This demonstrates the applicant's ability to make regular loan payments.
Employment: Salaried individuals should have at least 1-2 years of employment history with 6 months to 1 year in the current job. Self-employed individuals should be in their current business for at least 2-3 years, showing stability and a reliable income source.
Credit Score: A good credit score, generally above 750, is essential as it reflects a strong credit history and responsible repayment behavior. Lenders use this score to assess the risk of lending to the applicant.
Residency: Applicants should have a stable residence history. If renting, lenders may require proof of stability such as a lease agreement or utility bills to ensure the borrower has a fixed address.
Down Payment: Some lenders may require a down payment ranging from 10-20% of the car's value. This upfront payment reduces the loan amount and shows the borrower’s commitment to the purchase.
Existing Debts: Lenders assess the debt-to-income ratio to ensure that the applicant can manage additional loan repayments without financial strain. Keeping existing debts within acceptable limits is crucial.
Type of Car: The car’s make, model, and age (for used cars) can influence loan eligibility. Newer models usually have better financing options due to their higher resale value and lower maintenance costs.
Documentation: Applicants need to provide KYC documents (proof of identity, address, and age), income proof (salary slips, income tax returns), employment proof (employment certificate, business registration), and car documents (proforma invoice, car registration for used cars).

3. What are the Benefits and Advantages of a Car Loan?

Ownership: A car loan allows immediate ownership of the vehicle once the loan is paid off, unlike leasing. It becomes an asset you can sell or trade in the future, contributing to your personal wealth.
Affordability: Car loans spread the cost over time, making payments more manageable and predictable. This helps with budgeting and financial planning, ensuring you don't need to pay a large sum upfront.
Improved Credit Score: Regular, on-time payments can positively impact your credit score. Additionally, having a car loan diversifies your credit profile, which can further enhance your credit rating.
Flexible Terms: Car loans offer flexibility with various lenders and terms available, allowing you to find the best interest rates and repayment periods. You can customize options like loan length and down payment size to suit your financial situation.
Lower Interest Rates: As a secured loan, car loans generally have lower interest rates compared to unsecured loans. The competition among lenders also means you can shop around for the best rates and terms.
Access to Better Vehicles: A loan increases your purchasing power, enabling you to buy a newer or better car than you might afford with cash. Newer cars often come with improved safety features and technology.
Tax Benefits: If the car is used for business, you may deduct the interest on the loan from your taxes and claim depreciation on the vehicle, providing additional financial advantages.
Liquidity Preservation: Taking a car loan helps preserve your savings and maintain liquidity for other expenses or investments, allowing better cash flow management.
Special Offers and Incentives: Manufacturers and dealers often provide special financing deals like low or zero-interest rates, making car loans even more attractive and cost-effective.

4. Important Factors to Consider When Taking a Car Loan?

Interest Rate: Compare the Annual Percentage Rate (APR) across different lenders as a lower rate means less interest paid over time. Understand if the rate is fixed (constant) or variable (fluctuating based on market conditions).
Loan Term: Loan terms typically range from 12 to 72 months. Longer terms result in lower monthly payments but higher total interest costs. Choose a term that balances manageable payments with overall interest expenses.
Down Payment: A larger down payment reduces the amount you need to finance, lowering monthly payments and total interest. Higher down payments can also lead to better loan terms and interest rates.
Loan Amount: Borrow only what you can comfortably repay. Financing extras like warranties or insurance increases your loan amount and monthly payments, so consider these additions carefully.
Credit Score: A higher credit score can qualify you for lower interest rates and better loan terms. If your credit score is low, work on improving it before applying to secure better terms.
Total Cost of the Loan: Calculate the total interest paid over the life of the loan and be aware of additional fees such as origination fees, prepayment penalties, and late payment charges.
Monthly Payment: Ensure the monthly payment fits within your budget without straining your finances. Factor in other expenses like insurance, maintenance, and fuel.
Lender Options: Consider various lender options including banks, credit unions, dealership financing, and online lenders. Compare offers to find the most competitive rates and terms.
Pre-Approval: Getting pre-approved for a loan helps you understand your budget and strengthens your bargaining position with dealers. Some pre-approvals also lock in your interest rate for a certain period.
Loan Conditions: Check for conditions related to refinancing, transferring the loan if you sell the car, and any penalties for early repayment. Understand the payment schedule and due dates to avoid penalties.
Insurance Requirements: Consider gap insurance if you make a small down payment or have a long-term loan. Lenders often require full coverage insurance which can be more expensive than standard coverage.
Resale Value: Understand the car’s depreciation rate and its impact on your loan-to-value ratio. Ensure you won’t be underwater (owing more than the car’s value) by making a substantial down payment or choosing a shorter loan term.

5. Car Loan Interest Rates?

Car Loan Interest Rates

Bank Name	Interest Rate (per annum)	Loan Tenure	Processing Fee
State Bank of India	7.75% - 8.75%	Up to 7 years	0.25% of loan amount (min Rs. 500)
HDFC Bank	7.95% - 8.30%	Up to 7 years	Up to Rs. 10,000
ICICI Bank	7.90% - 9.10%	Up to 7 years	0.5% of loan amount (min Rs. 3500)
Axis Bank	7.75% - 8.85%	Up to 8 years	1% of loan amount (min Rs. 3500)
Punjab National Bank	7.85% - 8.95%	Up to 7 years	0.5% of loan amount
Bank of Baroda	7.70% - 8.70%	Up to 7 years	Rs. 1500
Kotak Mahindra Bank	7.99% - 8.99%	Up to 7 years	0.5% of loan amount (min Rs. 3000)
IDBI Bank	7.50% - 8.75%	Up to 7 years	0.5% of loan amount
Union Bank of India	7.80% - 8.90%	Up to 7 years	Rs. 1000 - Rs. 1500
Canara Bank	7.85% - 9.00%	Up to 7 years	0.25% of loan amount (min Rs. 1000)

Note: Interest rates and fees can vary based on the loan amount, tenure, credit profile of the borrower, and specific bank policies. It is advisable to check with the respective bank for the most accurate and updated information.

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Most Common Questions About Car Loans

1. Who are the best Car Loan providers in MGR Nagar, Chennai?

V for U Financial Services
REMEDIES OF LOANS AND INVESTMENT NEEDS
Balasubramanian
Patkar Varde College
Manappuram Finance Limited

2. What documents are required for a Car loan?

To apply for a car loan, you'll typically need to provide proof of identity (like a passport or driver's license), proof of address (such as a utility bill), proof of income (salary slips or bank statements), and vehicle details (proforma invoice from the dealer).

3. What are the eligibility criteria for a Car loan?

Eligibility criteria for a car loan usually include being between 21 and 65 years old, having a stable source of income (employment or business), a good credit score, and meeting the minimum income requirements set by the lender.

4. How do I apply for a Car loan online?

To apply for a car loan online, you can fill out the Sulekha form above with your loan requirements, and connect with the best loan providers that suit your needs. Also, you can visit the lender’s website, fill out the application form with your personal and financial details, upload the required documents, and submit the form. The lender will review your application and get back to you with their decision.

5. How can I get an instant Car loan?

For an instant car loan, apply through lenders offering instant approval services, typically online or through their mobile apps. Ensure you have all necessary documents ready and a good credit score to increase your chances of quick approval.

6. What is the percentage rate for Car loans?

The interest rate for car loans varies by lender and borrower profile but generally ranges between 7% to 12% per annum. Factors affecting the rate include credit score, loan amount, tenure, and type of vehicle.

7. Can I get a Car loan with a low CIBIL score?

It is possible to get a car loan with a low CIBIL score, but it may come with higher interest rates and stricter terms. Some lenders specialize in high-risk loans, but it's advisable to improve your credit score to get better terms.

8. What is the processing fee for a Car loan?

The processing fee for a car loan typically ranges from 0.5% to 2% of the loan amount, depending on the lender. Some lenders may have fixed fees, while others charge a percentage of the loan.

9. Can I get a Car loan with a bad credit score?

Yes, you can get a car loan with a bad credit score, but it might be more challenging. Expect higher interest rates and stricter loan terms. Consider looking for lenders specializing in subprime loans or improving your credit score before applying.

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Top Car Loan Providers in MGR Nagar, Chennai

What type of vehicle loan do you need?

Find the Top Car Loan Providers from Sulekha in MGR Nagar, Chennai

Car Loans Services Nearby

Top List of ~listcount~ Car Loan Providers in MGR Nagar, Chennai. Get a Car loan with a low interest rate. Also, get an instant vehicle loan, Auto loan, used car loan, commercial car loan, and more. Find the best car loan service providers near your loca as on Sep 17, 2025

V for U Financial Services

Deepam Enterprises

Patkar Varde College

Balasubramanian

J D Future Solutions

REMEDIES OF LOANS AND INVESTMENT NEEDS

Manappuram Finance Limited

Manappuram Finance Limited

Recently Connected Loans in Chennai

Why Choose Sulekha?

1. When to Consider Taking Out a Car Loan?

2. Eligibility Criteria for Taking a Car Loan?

3. What are the Benefits and Advantages of a Car Loan?

4. Important Factors to Consider When Taking a Car Loan?

5. Car Loan Interest Rates?

Most Common Questions About Car Loans

1. Who are the best Car Loan providers in MGR Nagar, Chennai?

2. What documents are required for a Car loan?

3. What are the eligibility criteria for a Car loan?

4. How do I apply for a Car loan online?

5. How can I get an instant Car loan?

6. What is the percentage rate for Car loans?

7. Can I get a Car loan with a low CIBIL score?

8. What is the processing fee for a Car loan?

9. Can I get a Car loan with a bad credit score?

Tips & Solutions for Applying Loan View All Blogs

Home Buying Trends 2021

Important Things That NRIs Should Know About Home Loan In India

Home Loan Agreement- Important clauses to know!

How To Avoid Rejection Of Your Personal Loan Application