Best Banks for Used Car Loan in Bhongir
Used Car Loan 
Bhongir Features
A Used Car Loan Bhongir will help buy the best car within your budget and is a financial aid offered to the customers by commercial banks and NBFCs. We present before you some of our best offers for Car Loan to purchase a used car anywhere in Bhongir!
The features of Used Car Loan Bhongir are as follows:
- Enjoy doorstep service and easy documentation for our customers.
- You may also borrow up to 100% of the value of the car to the value of 3-6 times your annual remuneration.
- Car at loan maturity age shall not exceed 10 years, with a maximum loan tenure of 60 months.
- Personalized help and advisory by our highly trained experts to choose a car that meets your wants.
- Flexible repayment tenures starting from 12 months to ease the burden.
- Convenient and customized repayment plans available with the easily payable instalments.
- Get 85% of the value of the car as a loan amount for 5 years without income proof verification.
- You can avail a loan up to Rs.2.5 crore on pre-owned car value.
*Terms and Conditions Apply
Used Car Loan Bhongir 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
Car Loan Bhongir Documents Required
Know more about Documents required for car loan.
For Salaried Individuals:
Any of the following as Identity and Address Proof:
- Valid Passport
- Job card issued by NREGA
- Permanent Driving license
- Letter issued by the National Population Register with name & address
- Voters ID Card
All the following as Income Proof:
- Latest Salary Slip
- Bank Statements for the previous 6 months
- Latest Form 16/ Latest ITR
Any of the following as Signature Verification Proof:
- Photo Driving License
- Copy of Margin Money Paid to the Bank
- Credit Card Statement and its Copy
- Banker’s Verification
- Passport Copy
For Self Employed**:
Identity proof: Memorandum and Articles of Association/ Certificate of Incorporation.
Income proof: Latest ITR and audited balance sheet with profit & loss account.
Age proof: Memorandum and Articles of Association/ Certificate of Incorporation.
Any of the following as Address Proof:
- Telephone Bill
- Electricity Bill
- Memorandum and Articles of Association
- Certification of Incorporation
Any of the following as Sign Verification Proof:
- Credit Card Statement and its Copy
- Copy of Margin Money Paid to the Bank.
- Passport Copy
- Banker’s Verification
- Photo Driving License
**The following type of companies can also apply for a Used Car Loan Bhongir:
- Sole Proprietorship
- Partnership Firms
- Private Limited Companies
- Public Limited Companies
Used Car Loan Bhongir Eligibility Criteria
Know more about Car Loan eligibility criteria.
Salaried Individual:
- Minimum Earning: Those who earn a minimum of Rs. 2,50,000 per year, the income of the spouse can be considered as one with the candidate’s income.
- Minimum Work Experience: Individuals who at least have had a job for 2 years, with a minimum of 1 year with the present employer.
- Age Limit: Individuals who are a minimum of 21 years of age when applying for the loan, and a maximum of 60 years of age at the end of the loan period
- The candidate must be a doctor, CAs, private limited company employee, employees from public sector undertakings including central, state, and local bodies.
Self Employed***:
- Individuals who own a private company in the business of manufacturing, trading, or service sectors
- Rs. 2,50,000 per annum should be a minimum earning
- Individuals who have an office landline number.
***The following companies are also eligible for a Used Car Loan Fatehabad:
- Sole Proprietorship
- Public Limited Companies
- Partnership Firms
- Private Limited Companies
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.
How to Apply for Used Car Loan in Bhongir?
Availing a used car loan Bhongir is an easy process with the help of DialaBank.
- Visit us online at Dialabank
- Go to the specific city page for a used car loan Bhongir
- Fill in the details required in the fast and easy Used Car Loan Application Form.
- Our relationship manager will soon get in touch with you for further process.
Used Car Loan for Major Car Manufacturers in Bhongir
TABLE WILL APPEARProcessing Fees / Prepayment Charges on Used Car Loan Bhongir
|
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 Bhongir Contact Number
Contact us at 9878981166 or visit the website of Dialabank for instant help and guidance to fulfil all your loan needs anytime in Bhongir.
Pre Calculated EMI Table for Used Car Loan Bhongir
Used Car Loan EMI Calculator Bhongir
About Bhongir
Bhongir, also known as Bhuvanagiri, headquarters of Yadadri Bhuvanagiri district of the state of Telangana. There are certain notable landmarks in the town, such as Bhongir Fort is one such structure.
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