Best Banks for Used Car Loan Baheri
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 Baheri Features
Are you looking for trouble-free finances for your dream car but hesitate due to complex documentation?
Don’t worry! with Dialabank you can simply skip the trouble part and avail an easy Used Car Loan under your name. Approve your Used Car Loan Baheri most simply and make your desire of owning a car come true with Dialabank.
With Dialabank you are just a few easy steps away from availing a Used Car Loan in your city without stressing over unnecessary formalities.
With the easiest loan approval and processing, the desire to own a car is no more forbidden. So what are waiting for? Get the car of your choice in a few easy steps with attractive deals in your city.
- Avail pocket-friendly Used Car Loans up to 2.5 crores on a wide range of used cars.
- Also, get Personalized help to get the used car of your choice from research to loan processing.
- Flexible loan tenure ranging from 12 months to 84 months.
- You get choose your repayment plan at your convenience.
- Doorstep service with simple documentation.
- Transparent and hassle-free loan processing.
- Track your application anytime, anywhere.
- Get instant status updates about your loan application at every stage of the loan processing.
Used Car Loan Baheri Interest Rate
Bank
Processing Fee
HDFC Bank Car Loan
(1999 - 4999) + Tax
Axis Bank Car Loan
1 % to 2.50%
Nil
Private Bank Car Loan
0.25% to 1.50%
SBI Car Loan
500/- to 0.50%
Nil
Kotak Car Loan
1% to 2%
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
0.01
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 Baheri Documents Required
Necessary Documents required to avail of a car loan Baheri:
Salaried Individuals:
1.Proof of address and identity can be any of the given:
- Valid Passport
- A Permanent Driving license [recent, legible, laminate]
- Voters ID Card
- Job card issued by NREGA
- Letter issued by the National Population Register containing details of name & address of the applicant
2. Proof of income can be any of the given:
- Latest Salary Slip of the applicant
- The Latest Form 16 is obligatory to submit
3. For signature verification any of the mentioned can be applied:
- The Passport Copy
- Photo Driving License with DOB (recent, legible, laminated)
- Credit Card Statement with Credit Card Copy
- Banker’s Verification
Self-employed Individual
1.Address proof can be any of the given:
- The Memorandum and articles of association
- Electricity Bill
- Telephone Bill
- Certificate of incorporation
2. For address verification any of the given can be used:
- Passport copy
- driving license copy with DOB
- Credit card statement with credit card copy
- Banker’s verification
- Copy of Margin money paid to the bank
3. Memorandum and Articles of Association/Certificate of Incorporation as age proof of the applicant.
4. Memorandum and Articles of Association/Certificate of Incorporation as identity proof.
5. The Latest ITR and audited balance sheet along with profit & loss account as proof of income.
Used Car Loan Baheri Eligibility Criteria
Eligibility criteria to get a car loan :
A good CIBIL score is a must before applying for a loan other than a gold loan. Making sure your CIBIL score is good before applying for a loan is a good practice.
Salaried Individuals:
- The applicant must be an employee of the Pvt. Ltd. company, doctor, CA, lawyer, public sector undertaking that includes local, state, or central bodies.
- The applicant should be of a minimum of 21 years of age while applying for a loan and a maximum of 60 at the time of tenure closure of the loan.
- An employment experience of 2 years in any company along with documented proof of 1-year employment in the current company.
- The income criteria are the individual should earn a minimum of 2,50,000 per annum inclusive of the spouse’s earning is mandatory for Used Car Loan Baheri.
Self Employed Individuals:
- The applicant must be the sole proprietor of the organization that he/she operates.
- Should earn at any rate Rs. 2,50,000 for every year.
- The individuals should have either a residence or a company’s telephone line.
Used Car Loan for Major Car Manufacturers in Baheri
TABLE WILL APPEAR
Processing Fees / Prepayment Charges on Used Car Loan Baheri
Category
Details
Processing Charges
Prepayment
Preclosure
Stamp Duty
Cheque Bounce Chgs
Floating Rate of Interest
Not Applicable
Overdue EMI Interest
Amortisation Schedule Chgs
Rs 200 + GST
Pre Calculated EMI Table for Used Car Loan Baheri
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
Used Car Loan EMI Calculator