Used Car Loan Bhiwani

Best Banks for Used Car Loan in Bhiwani

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 Bhiwani Features

Buying a car has always been a tough job as the prices of cars are touching the sky. There are only a few people who have the funds in their bank account to manage to buy even a used vehicle.

Features of Used Car Loan Bhiwani

1. Firstly, the interest rate charged on these loans is very less.
2. The loan is available to the applicant in very less time.
3. The time period for which the customer can avail the loan varies, so the customer can choose the time period for which he can avail the loan.
4. The procedure for acquiring the car loan is very easy and simple.
5. The customer does not need to keep any security with the bank.
6. The cost of a used car will be much less than a new car.
7.  Lastly, the amount of loan that you would have to take will also be very less.

Used Car Loan Bhiwani Interest Rates

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

Apply for a Car Loan

Used Car Loan Bhiwani Documents Required
An individual must check the documents required for car loan before deciding.

For Salaried:

• Identity Proof: PAN Card, Voters ID card, Passport copy, Driving License
• Income Proof: Latest 3-month salary slip with form 16
• Address Proof: Driving license / Voters card / Passport Copy / Telephone Bill / Ration card / Electricity Bill / Life Insurance Policy /PAN Card
• Bank Statement: Last 3 months.

For Self Employed:

• Identity Proof: PAN Card, Voters ID card, Passport copy, Driving License
• Income Proof: Latest ITR
• Address Proof: Voters card / Passport Copy / Ration card / Telephone Bill / Driving license / Electricity Bill / Life Insurance Policy /PAN Card
• Bank Statement: Last 3 months.

Public Limited Companies, Private Limited Companies, Hindu Undivided Family – HUF can also avail used car loan.

Used Car Loan Bhiwani Eligibility Criteria

An individual must examine the Eligibility criteria for car loan along with the process.

For Salaried:-

1. Minimum age: 21 years
2. Maximum age at loan maturity: 60 years
3. Minimum employment: 1 year in current employment and a minimum of 2 years of employment
4. Minimum Annual Income: Rs 2,50,000 net annual income

For Self-Employed:-

1. Minimum age: 25 years
2. Maximum age at loan maturity: 65 years
3. Minimum employment: Should have been in business for a minimum of 3 years
4. Minimum Annual Income: Rs 2,50,000 net annual income

Used Car Loan for Major Car Manufacturers in Bhiwani

TABLE WILL APPEAR

Processing Fees / Prepayment Charges on Used Car Loan in Bhiwani

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

Used Car Loan Bhiwani Contact Number

In case of any queries regarding the used car loan in Bhiwani, you may contact on the number 9878981166 for any sort of assistance.

Pre Calculated EMI Table for Used Car Loan Bhiwani

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

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You can calculate your EMI here: Car Loan EMI Calculator

Used Car Loan EMI Calculator Bhiwani

Bhiwani is a district of the northern Indian state Haryana.  For more information on Used Car Loan, you can visit our official website.

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