Used Car Loan Bhimavaram

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Used Car Loan Bhimavaram

Best Banks for Used Car Loan in Bhimavaram

Private Bank
Kotak Mahindra Bank
Interest Rate
8% - 8.4 %
8.5 - 9.5 %
Min Loan Amt
Metro : 1 Lac & Non Metro: 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
Loan to Value (LTV)
Upto 100% on Ex- showroom
Upto 95% on Ex- showroom
Upto 90% on Ex- showroom

Used Car Loan Bhumavaram Features 

Some other amazing used car loan Bhumavaram features include:

Advance Amount used car loan in Bhimavaram

  • Avail of a car loan up to Rs. 2.5 crore on a wide range of pre-owned cars and multi-utility vehicles
  • Get between 3 to various occasions your yearly compensation, and get up to 100% of the assessment of the car* *Age of Car at credit improvement should not cross 10 years, subject to the most extraordinary development residency of 60 months

Unequaled help

  • The incredible situation completely notice – from assessment to title move
  • Get adjusted help to pick a vehicle that meets your particular needs
  • The advantage of balanced and strong reimbursement plans with pocket-obliging EMIs

Adaptable Repayment Tenure

  • Versatile repayment residencies from a year to 60 months
  • Smart and basic Processing and support
  • Experience clear issue free planning, expedient sponsorships, and snappy disbursals
  • Track your application at whatever point, wherever. Get proclamations about your credit application at each stage
  • Perceive doorstep affiliation and helpful and basic documentation
  • Check your headway capacity in just 60 seconds

Loans without income proof

  • Get 80% of the assessment of the vehicle concerning the development entirety for quite a while without pay affirmation
  • Get 85% of the assessment of the vehicle concerning the development entirety for quite a while without pay affirmation

Used Car Loan Bhimavaram Interest Rate

Check the Car Loan Interest rates for used cars:

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%
Private Bank Car Loan
0.25% to 1.50%
2%, Nil foreclosure charges after 36 months
SBI Car Loan
500/- to 0.50%
Kotak Car Loan
1% to 2%
2.25% of fore closure amount if closed 1 month ahead of the tenure.
IIFL Car Loan
Muthoot Car Loan
Manappauram Car Loan
PNB Car Loan
0.70% to 1%
Canara Bank Car Loan
Andhra Bank Car Loan


To check Car Loan Interest Rate for all major banks you can visit: Car Loan Interest Rates

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Used Car Loan Bhimavaram Documents Required

Salaried Individuals:

Any of the following documents required for car loan for identity and residence proof:

  1. Substantial Passport
  2. Lasting Driving permit [recent, decipherable, laminate]
  3. Citizens ID Card
  4. Occupation card gave by NREGA
  5. The letter gave by the National Population Register containing subtleties 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. Identification Copy
  2. Photograph Driving License with DOB (later, readable, covered)
  3. Financial record with Credit Card Copy
  4. Broker’s Verification
  5. Duplicate of Margin Money Paid to the Bank

Self-employed Individuals

  1. Update and Articles of Association/Certificate of Incorporation as age evidence
  2. Update and Articles of Association/Certificate of Incorporation as personality verification
  3. Most recent ITR and reviewed monetary record alongside benefit and misfortune account as verification of salary

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 Bhimavaram Eligibility Criteria

Following points need to be kept in mind while checking the Car loan Eligibility criteria:

Salaried Individuals:

  1. This incorporates specialists, CAs, representatives of private restricted organizations, workers from public area endeavors, including focal, state, and neighbourhood bodies
  2. 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
  3. People who have had work for in any event 2 years, with at least 1 year with the current manager
  4. The individuals who procure at least Rs. 2,50,000 every year, including the salary of the companion

Self Employed Individuals:

  1. This incorporates individuals who own a private organization in the matter of assembling, exchanging, or benefits
  2. Ought to acquire at any rate Rs. 2,50,000 for every annum
  3. Individuals who have an office landline

How to Apply for Used Car Loan in Bhimavaram?

Benefitting a vehicle advance Thane is a fundamental cycle with DialaBank. Follow the going with steps to profit the best offers:

  1. Visit our site Dialabank.
  2. Snap-on the vehicle advance decision open on the menu.
  3. Fill in the experiences about the vehicle type and your compensation.
  4. Hold up as our relationship director will in a brief timeframe interface with you on your gave number.
  5. You may in like manner contact our relationship directors on the number 9878981166 if there ought to be an event of any deals concerning the credit.
  6. For profiting a vehicle credit pulled back you should visit the branch in a short period of time, which may go to be practical for you.

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Used Car Loan for Major Car Manufacturers in Bhimavaram


Processing Fees / Prepayment Charges on Used Car Loan Bhimavaram

Processing Charges
1999 - 4999 + Tax
No prepayment is allowed until 12 EMIs are paid
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 Bhimavaram

The CIBIL score is recommended concerning what portrays your capacity to manage your credits. A higher Credit score finishes up a surprising record as a client and makes your vehicle advance application measure smooth and simple to be supervised. When all is said in done, banks and NBFCs consider a FICO examination of on any event 720 as a reasonable score to demand your credit application measure, Bhimavaram.

This score may again move from bank to bank. In the event of a low CIBIL score than the essential worth, you will be relied on to pay a high pace of financing cost on the credit all out while on the off chance that your CIBIL score is model, by then you may need to pay a low pace of intrigue. Subsequently, a CIBIL score is a colossal factor in vehicle credit.

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Used Car Loan Bhimavaram Contact Number

In case of any requests regarding the vehicle credit in Bhimavaram, you may contact the number 9878981166 for such assistance.

Pre Calculated EMI Table for Used Car Loan Bhimavaram

5 Yrs
4 Yrs
3 Yrs

About Bhimavaram

Bhimavaram is a city in the West Godavari area of the Andhra Pradesh territory of India. It is the regulatory base camp of Bhimavaram mandal in Narasapuram income division. It is a piece of the Eluru Urban Development Authority.

Car Loan EMI Calculator Bhimavaram

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