Used Car Loan Akot

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Best/Top Banks for Used Car Loan in Akot

Feature	HDFC Bank	Private Bank	Kotak Mahindra Bank
Interest Rate	8% - 8.4 %	8.5 - 9.5 %	11%
Min Loan Amt	Metro : 1 Lac & Non Metro: 75000	75000	75000
Max Loan Amt	1 Cr	1 Cr	1 Cr
Loan Tenure	Upto 7 Years	Upto 5 Years	Upto 5 Years
Processing Fee	1999 - 4999 + Tax	0.25% to 1.50%	0.25% to 1.50%
Preclosure Chgs	2%, Nil after 24 months	2%, Nil after 36 months	Nil
Loan to Value (LTV)	Upto 100% on Ex- showroom	Upto 95% on Ex- showroom	Upto 90% on Ex- showroom

Used Car Loan Akot Features

Used Car Loan Akot What about owning a used vehicle? But don’t they now have funds essential for it? Never think! There is a used car loan for you and yours. A used car loan is a form of financing or state aid given to investors at an appropriate rate of interest by banks and other financial institutions to help them purchase a used car.

As used cars have been a necessity for all, the cost of used cars is rising increasingly on a constant basis. This is where you come into the equation with a used car loan and achieve your wish to be the operator of your dream used car. A used car loan in Akot has the core aspects of:

Going to lend on a wide assortment of used cars and low- and mid-use vehicles up to Rs.2.5 Crore
Flexible repayment terms from between 12 months and 84 months
Experience clear, trouble-free production, prompt approvals, and fast expenditures
Track your submission anywhere, anytime. Get statuses at every phase of your loan application

Used Car Loan Akot Interest Rate

Check the Car Loan Interest rates for used cars:

Bank	Processing Fee	Prepayment Charges
HDFC Bank Car Loan	(1999 - 4999) + Tax	2%, Nil foreclosure charges after 24 months
Axis Bank Car Loan	1 % to 2.50%	Nil
Private Bank Car Loan	0.25% to 1.50%	2%, Nil foreclosure charges after 36 months
SBI Car Loan	500/- to 0.50%	Nil
Kotak Car Loan	1% to 2%	2.25% of fore closure amount if closed 1 month ahead of the tenure.
IIFL Car Loan	Nil	Nil
Muthoot Car Loan	Nil	Nil
Manappauram Car Loan	Nil	Nil
PNB Car Loan	0.70% to 1%	Nil
Canara Bank Car Loan	1%	Nil
Andhra Bank Car Loan	Nil	Nil

To check Car Loan Interest Rate for all major banks you can visit: Car Loan Interest Rates

Used Car Loan Akot Documents Required

For Salaried:-

Any of the following documents required for car loan for identity and residence proof:

“Identity” Proof: PAN Card, Voters ID card, Notice provided by the National Registry of Populations consisting name and address descriptions, NREGA ‘s Work Card Distributed, Passport copy, Driving License
“Income” Proof: Latest 3-month salary slip with form 16
“Address” Proof: Driving license / Notice provided by the National Registry of Populations consisting name and address descriptions
NREGA ‘s Work Card Distributed / Voters card / Passport Copy /PAN Card
“Bank” Statement: Last 6 months.

For Self Employed:-

“Identity” Proof: PAN Card, Voters ID card, Passport copy, Driving License, Notice provided by the National Registry of Populations consisting name and address descriptions
NREGA ‘s Work Card Distributed
“Income” Proof: Latest ITR
“Address” Proof: Voters card / Notice provided by the National Registry of Populations consisting name and address descriptions
NREGA ‘s Work Card Distributed / Passport Copy / Driving license /PAN Card
“Bank” Statement: Last 6 months.

Used Car Loan Akot Eligibility Criteria

Following points need to be kept in mind while checking the Car loan Eligibility criteria:

For Salaried:-

“Minimum” age: 21 years
“Maximum” age at loan maturity: 60 years
“Minimum” employment:1 year of work history and 2 years of work minimum
“Minimum” Annual Income: Those who receive at least Rs. 2,50,000 per year, including spousal income,

For Self-Employed:-

“Minimum” age: 25 years
“Maximum” age at loan maturity: 65 years
“Minimum” employment: At least 3 years in terms of revenue
“Minimum” Annual Income: The few who receive at least 2.50,000 Rs per year

How to Apply for Used Car Loan in Akot?

With DialaBank, providing a used car loan is a straightforward process for Akot. Follow the steps below to get the best prices available:

Meet Dialabank on our homepage
On the menu, click for a used car loan choice available.
Check in the specifics of the model of car being used in your wages.
Pause as you will soon be contacted by our management team on your assigned phone.
In the event of any questions about the loan, you can also email our managers on 9878981166.
To make use of an indirectly used car loan you’ll need to sign up for an account directly, which could turn out to be intense for you.

Used Car Manufacturers in Akot

TABLE WILL APPEAR

Processing Fees / Prepayment Charges on Used Car Loan Akot

Category	Details
Processing Charges	1999 - 4999 + Tax
Prepayment	No prepayment is allowed until 12 EMIs are paid
Preclosure	No foreclosure is allowed until 12 EMIs are paid
Prepayment Charges	13-24 months: 2% of loan principal outstanding
Prepayment Charges	>36 months: Nil Charges
Stamp Duty	As per state laws
Cheque Bounce Chgs	₹ 550/chq + GST
Floating Rate of Interest	Not Applicable
Overdue EMI Interest	2% p.m.(on overdue amount)
Amortisation Schedule Chgs	Rs 200 + GST

CIBIL Score Required for Used Car Loan in Akot

The CIBIL score is called what dictates your ability to make your points pay off. High credit score forms a new credit rating which makes the review process for your used car finance smoother which easily scalable. Often, a monthly payment of 750 and above is viewed by banks and other financial institutions as a reasonable score to authorize your loan modification process in Akot.

This level could vary from a financial institution to a bank again. You would’ve been expected to pay a high price on the loan sum in case of a lower CIBIL score than the required value whereas if your Credit report is decent then you will have to pay a poor rate of inflation. A CIBIL score is also an important factor to consider for a used car loan.

Used Car Loan Akot Contact Number

You can request 9878981166 for any such protection in the case of any details regarding the used car loan in Akot.

Pre Calculated EMI Table for Used Car Loan Akot

Rate	5 Yrs	4 Yrs	3 Yrs
10.50%	2149	2560	3250
11.00%	2174	2584	3273
11.50%	2199	2608	3297
12.00%	2224	2633	3321
12.50%	2249	2658	3345
13.00%	2275	2682	3369
13.50%	2300	2707	3393
14.00%	2326	2732	3417
14.50%	2352	2757	3442
15.00%	2378	2783	3466

About Akot

Akot is a region in the area of Vidarbha and a town council in the district of Akola in the Indian state of Maharashtra. It was ruled by Akot’s British monarchy Sapkal(Malgujar) until it attained its freedom.