Used Car Loan Baramulla

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Best Banks for Used Car Loan in Baramulla

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 Baramulla Features

Used Car Loans are easy at low-interest rates
Enjoy preferred pricing
Practice easy, hassle-free processing, quick approvals, and expeditious disbursals
Track your application anytime, anywhere. Get state updates about your loan demand at every step
Avail of possible repayment plans with pocket-friendly EMIs
Almost all higher banks and NBFCs offer Used Car Loans in Baramulla
The documentation method is quick and hassle-free
Used Car Loans are readily available for DialaBank
Get 80% of the value of the car as a loan amount for three years without income proof
Get 85% of the value of the vehicle as a loan amount for five years without income proof

Used Car Loan Baramulla 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

Used Car Loan Baramulla Documents Required

For Salaried:

Identity and residence proof:

Valid Passport
Voter ID Card
Permanent Driving License
Job Card
Letter issued by the National Population Register

Income proof:

Latest Salary Slip
Latest Form 16/Latest ITR
Bank statement of the last six months

Signature proof:

Passport Copy
Photo Driving License with DOB
Credit card statement with Credit Card Copy
Banker’s verification

For Self Employed:

Age proof, the documents needed are Memorandum also Articles of Association/Certificate of Business
Identity proof, the records needed are Memorandum also Articles of Association/Certificate of Business
Income Proof, there is a form of the Latest ITR and balance sheet with profit and loss account
Address Proof Documents: Certificate of Incorporation, Telephone Bill, Memorandum and Articles of Association, Electricity Bill
Sign Verification Proof: Photo Driving Permit with DOB, Credit Card Statement, Passport Copy, Banker’s Confirmation

Also, the Used Car Loan can be obtained in the latter type of firms as well:

Partnership Firms
Sole Proprietorship
Public Limited Companies

Used Car Loan Baramulla Eligibility Criteria

For Salaried:-

Minimum age: smallest age criteria is 21 years
Maximum age at loan maturity: most age criteria is 60 years
Minimum employment: 1 year in modern work and two working years of employment
Minimum Annual Income: Rs. 2,50,000 net annual income

For Self-Employed:-

Minimum age: 21 years
Maximum age at loan maturity: 60 years
Minimum employment: 3 years
Minimum Annual Income: Rs. 2,50,000 per annum

The latter type of firms are also available to take a pre-owned Used Car Loan Baramulla:

Sole Proprietorship
Partnership Firms
Public Limited Companies
Hindu Undivided Family

How to Apply for Used Car Loan in Baramulla?

Availing a Used Car Loan Baramulla is a secure process with DialaBank. Now you need to understand the subsequent steps to satisfy the most helpful suggestions on loan:

Visit our website Dialabank
Click on the Used Car Loan option accessible in the menu bar
Fill in the aspects regarding the car representation and your interest(yearly)
Wait as our contact manager will soon get in touch with you on your provided figure.
You may also reach our communication directors on the number 9878981166 in case of any questions concerning the loan.
During availing a Used Car Loan in Baramulla offline, you will have to revisit the branch individually, which might be exciting for you.

Used Car Loan for Major Car Manufacturers in Baramulla

TABLE WILL APPEAR

Processing Fees / Prepayment Charges on Used Car Loan Baramulla

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

Pre Calculated EMI Table for Used Car Loan Baramulla

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 Baramulla

Baramulla is a city and a district in the Baramulla district in the Indian union area of Jammu and Kashmir. It is on the edge of the Jhelum River downstream from Srinagar, the state capitol. The city was earlier associated with Varahamula.