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Buy your dream Car
Rates as low as 7.05%*
Up to 100% Funding
Doorstep Service
Hassle-free Disbursal
Unbiased Experts Advice
Used Car Loan Bangalore
Best Banks for Used Car Loan in Bangalore
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 Bangalore Features
Advance Amount
Avail of loan up to Rs. 2.5 crore on a wide range of pre-owned cars and multi-utility vehicles
Get between 3 to multiple times your yearly pay, and get up to 100% of the estimation of the car* *Age of Car at credit development ought not to cross 10 years, subject to the most extreme advance residency of 60 months
Unequaled help
Advantage from start to finish warning – from examination to title move
Get customized help to pick a vehicle that meets your particular needs
Profit of altered and helpful reimbursement plans with pocket-accommodating EMIs
Adaptable Repayment Tenure
Adaptable reimbursement residencies from a year to 60 months
Fast and simple Processing and endorsement
Experience straightforward issue free preparing, fast endorsements, and quick disbursals
Track your application whenever, anyplace. Get announcements about your credit application at each stage
Appreciate doorstep administration and speedy and simple documentation
Check your advance qualification in only 60 seconds
Loans without income proof
Get 80% of the estimation of the vehicle as to the advance sum for a long time without pay confirmation
Get 85% of the estimation of the vehicle as to the advance sum for a long time without pay confirmation
Used Car Loan Bangalore Interest Rate
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.
The letter gave by the National Population Register containing subtleties of name and address
All the accompanying archives as evidence of salary:
Most recent Salary Slip
Most recent Form 16/Latest ITR
Last 6 months bank statement
Any of the accompanying assign confirmation verification:
Identification Copy
Photograph Driving License with DOB (later, readable, covered)
Financial record with Credit Card Copy
Broker’s Verification
Duplicate of Margin Money Paid to the Bank
Self-employed Individuals
Update and Articles of Association/Certificate of Incorporation as age evidence
Update and Articles of Association/Certificate of Incorporation as personality verification
Most recent ITR and reviewed monetary record alongside benefit and misfortune account as verification of salary
Any of the accompanying archives as address evidence:
Notice and Articles of Association
Affirmation of Incorporation
Phone Bill
Power Bill
Any of the accompanying assign confirmation verification:
Visa Copy
Photograph Driving License with DOB (later, clear, covered)
This incorporates specialists, CAs, representatives of private restricted organizations, workers from public area endeavors, including focal, state, and neighborhood bodies
People who are at least 21 years old at the hour of applying for the advance, and no more established than 60 toward the finish of the credit residency
People who have had work for in any event 2 years, with at least 1 year with the current manager
The individuals who procure at least Rs. 2,50,000 every year, including the salary of the companion
Self Employed Individuals:
This incorporates individuals who own a private organization in the matter of assembling, exchanging, or benefits
Ought to acquire at any rate Rs. 2,50,000 for every annum
Individuals who have an office landline
How to Apply for Used Car Loan in Bangalore?
Benefiting a vehicle advance Bangalore is a simple cycle with DialaBank. Follow the accompanying strides to profit the best offers:
Snap-on the vehicle advance alternative accessible in the menu.
Fill in the insights about the vehicle type and your salary.
Hold up as our relationship supervisor will before long connect with you on your gave number.
You may likewise contact our relationship supervisors on the number 9878981166 if there should be an occurrence of any questions with respect to the credit.
For benefiting a vehicle credit disconnected you should visit the branch by and by, which may go quick.
Used Car Loan for Major Car Manufacturers in Bangalore
TABLE WILL APPEAR
Processing Fees / Prepayment Charges on Used Car Loan Bangalore
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
>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 Bangalore
The Cibil score is alluded to as what characterizes your capacity to take care of your credits. A higher Credit score implies a great record as a consumer and makes your vehicle advance application measure smooth and simple to be handled. Generally, banks and NBFCs consider a FICO assessment of 720 or more as a decent score to affirm your credit application measure Bangalore.
This score may again shift from bank to bank. In the event of a low CIBIL score than the necessary worth, you will be needed to pay a high rate financing cost on the credit sum while on the off chance that your CIBIL score is acceptable, at that point you may need to pay a low pace of intrigue. Subsequently, a CIBIL score is a significant factor in vehicle credit.
In case of any queries regarding the car loan in Bangalore, you may contact on the number 9878981166 for any sort of assistance.
Pre Calculated EMI Table for Used Car Loan Bangalore
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 Bangalore
Bengaluru (additionally called Bangalore) is the capital of India’s southern Karnataka state. The focal point of India’s cutting edge industry, the city is additionally known for its parks and nightlife. By Cubbon Park, Vidhana Soudha is a Neo-Dravidian administrative structure. Previous imperial habitations incorporate nineteenth-century Bangalore Palace, displayed after England’s Windsor Castle, and Tipu Sultan’s Summer Palace, an eighteenth-century teak structure.