Used Car Loan Banka

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Buy Your Dream Car

Rates as low as 11.99%*
Up to 100% Funding
Doorstep Service
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Used Car Loan Banka

Best Banks for Used Car Loan in Banka

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 Banka Features 

Advance Amount used car loan in Banka

  • The benefit of car loan impels up to Rs.2.5 crore on a large degree of exchange vehicles and multi-utility vehicles
  • Get between 3 to distinctive occasions your yearly reward, and rise up to one hundred percent of the assessment of the car* *Age of Car at credit alter got to not pass 10 a protracted time, topic to the foremost great development residency of sixty months

Unequaled help

  • An astounding circumstance exceptionally distant startled – from evaluation to name move
  • Get changed help to choose a car that meets your specific needs
  • The good thing about modified and consistent repayment plans with pocket-obliging EMIs

Versatile Repayment Tenure

  • Versatile repayment residencies from a period of 365 days to 60 months
  • Shocking and key Handling and sponsorship
  • Experience get situation free pulling back through, willing sponsorships, and poignant disbursals
  • Track your software at else point, any put
  • Get assertions approximately your score software at every stage See doorstep association and complaisant and head documentation
  • Check your advancement restrain in as it were sixty seconds

Loans without income proof

  • Get 80% of the appraisal of the vehicle concerning the movement absolute for a long time without pay affirmation
  • Get 85% of the appraisal of the vehicle concerning the movement complete for a long time without pay affirmation

Used Car Loan Banka 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.
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

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Used Car Loan Banka Documents Required

Documents required to avail of a car loan :

 Salaried Individuals:

Any of the accompanying archives as personality and Address Proof:

  1. Considerable Passport
  2. Enduring Driving grant [recent, understandable, laminate]
  3. Residents ID Card
  4. Occupation card gave by NREGA
  5. The letter gave by the National Population Register containing nuances of name and address

All the accompanying archives as evidence of salary:

  1. Most recent Salary Slip
  2. Most recent Form 16/Latest ITR
  3. Last 6 months bank statement

Any of the accompanying assign confirmation verification:

  1. Distinguishing proof Copy
  2. Photo Driving License with DOB (later, comprehensible, secured)
  3. Money related record with Credit Card Copy
  4. Representative’s Verification
  5. Copy of Margin Money Paid to the Bank

Self-employed Individuals:

  1. Update and Articles of Association/Certificate of Incorporation as age proof
  2. Update and Articles of Association/Certificate of Incorporation as character confirmation
  3. Latest ITR and looked into financial record close by advantage and disaster account as a check of compensation

Any of the accompanying archives as address evidence:

  1. Notice and Articles of Association
  2. Affirmation of Incorporation
  3. Phone Bill
  4. Power Bill

Any of the accompanying assign confirmation verification:

  1. Visa Copy
  2. Photograph Driving License with DOB (later, clear, covered)
  3. Financial record with Credit Card Copy
  4. Investor’s Verification
  5. Duplicate of Margin Money Paid to the Bank

Used Car Loan Banka 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:

  1. This fuses experts, CAs, delegates of private confined associations, laborers from public territory attempts, including central, state, and neighborhood bodies
  2. Individuals who are at any rate 21 years of age at the hour of applying for the development, and not any more settled than 60 close to the completion of the credit residency
  3. Individuals who have had work for in any occasion 2 years, with at any rate 1 year with the current chief
  4. The people who acquire in any event Rs. 2,50,000 consistently, including the payment of the partner

Self Employed Individuals:

  1. This consolidates people who own a private association in the matter of amassing, trading, or advantages
  2. Should obtain at any rate Rs. 2,50,000 for each annum
  3. People who have an office landline

Used Car Loan for Major Car Manufacturers in Banka

TABLE WILL APPEAR

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Processing Fees / Prepayment Charges on Used Car Loan Banka

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

Pre Calculated EMI Table for Used Car Loan Banka

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 Banka

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