Used Car Loan Basti

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Top/Best Banks for Used Car Loan in Basti

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 Basti Features

Used Car Loan Basti Now thinking about buying a car loan online? But don’t you have the money necessary for it? Make no doubts! There is a used car loan for you and yours. A used car loan is a method of investment or state aid given to the borrowers by banks and NBFCs at a fixed interest rate to help them acquire a used vehicle.

Since used cars are already a necessity for all of us, but the cost of used cars is rising exponentially every day. It is here where a used credit score comes into play and fulfills your urge to be the owner of your used car vision. A used car loan in Basti has the major characteristics of:

Versatile tenures of maturity between 12 months and 84 months
Offers direct and flexible federal loans with EMIs that are wallet-friendly
End-to-end service gain — from analysis to lease option
Borrowing on a large variety of used cars and low- and mid-use vehicles up to Rs.2.5 Crore

Used Car Loan Basti 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 in Basti Required Documents

The documents required for car loan:

For Salaried:-

[Identity] Proof: PAN Card, NREGA contractor released, Letter given by the National Register of Population containing identity & address details, Voters ID card, Passport copy, Driving License
[Income] Proof: Recent 3-month wage slip with form 16
[Address] Proof: Driving license / NREGA contractor released / Letter given by the National Register of Population containing identity & address details / Voters card / Passport Copy /PAN Card
[Bank] Statement: Last 6 months.

For Self Employed:-

[Identity] Proof: PAN Card, Voters ID card, NREGA contractor released, Letter given by the National Register of Population containing identity & address details, Passport copy, Driving License
[Income] Proof: Current ITR along with the details of salary slip
[Address] Proof: Voters card / Passport Copy /PAN Card / NREGA contractor released / Letter given by the National Register of Population containing identity & address details
[Bank] Statement: Last 6 months.

Used Car Loan Basti Eligibility Criteria

For Salaried:-

The eligibility criteria for car loan are :

Minimum [age]: 21 years
Maximum [age at loan maturity]: 60 years
Minimum [employment]: 1 year in recent working experience and a minimum of 2 years of working experience
Minimum [Annual Income]: Earn an extra Rs 2,50,000 a year, with marital income

For Self-Employed:-

Minimum [age]: 25 years at its minimum
Maximum [age at loan maturity]: 65 years at tenure
Minimum [employment]: at an estimate of 3 years in sales
Minimum [Annual Income]: Rs. 2,50,000 every year

How to Apply/Register for Used Car Loan in Basti?

The issuance of a Basti used car loan is a short method with DialaBank. Follow the procedure below to get the best deals:

Our website Dialabank. Do Visit
Click on the button for a used car loan in the panel
Fulfill the info relevant the form of used car and your earnings
Pause for our financial advisor to get in contact with you on your assigned number soon.
In case of any doubt about the loan, you can also approach our project managers at number 9878981166.
To enable the use of an offline used car loan you’ll really have to visit the bank directly, which could turn out to be intense for you.

Used Car Loan for Major Used Car Manufacturers in Basti

TABLE WILL APPEAR

Processing Fees / Prepayment Charges on Used Car Loan Basti

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 Basti

The Cibil score is deemed what determines your capacity to produce your credits pay off. A higher credit score suggests a positive credit history which makes the screening process for your used car loan smoother which easy to process. Most of the time, banks and NBFCs consider a mortgage rate of 750 and above as a satisfactory score for approving your Basti loan online application.

This performance will vary from bank to bank, again. You would be expected to pay a higher interest rate for car loan sum in case of a poor CIBIL score than the required value and if your CIBIL score is decent then you’ll have to pay a poor rate of interest. Therefore a CIBIL score with a used car loan is a major factor.

Used Car Loan Basti Contact Number

For any requests about the used car loan in Basti, you can approach any kind of guidance under the number 9878981166.

Pre Calculated EMI Table for Used Car Loan Basti

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 Basti

Basti applied to the original Vasisthi name. In this area was located the ashram of the sage Vasishtha. Here Sher Shah Suri rendered a well and a Sarai, and thus got the name. The town of Basti becomes the tehsil headquarters in 1801, and in 1865 it was designated as offices of the newly created Gorakhpur collector district of Basti.