Used Car Loan Bodhan

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 Bodhan Features

Buying a brand new car is not necessary. You can buy a second-hand car. If you don’t have funds then you can apply for a Used Car Loan.

Benefits of Used Car Loan Bodhan

1. A flexible monthly repayment option is available.
2. Instantly available.
3. Easily and quickly available loans.
4.  There are no hidden charges for Used Car Loan Bodhan
5. Affordable Interest Rates

Used Car Loan Bodhan Interest Rates

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

Used Car Loan Bodhan Documents Required

Documents required to avail of a car loan :

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 Bodhan Eligibility Criteria

Eligibility criteria to get a car loan :

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.

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

Used Car Loan for Major Car Manufacturers in Bodhan

TABLE WILL APPEAR

Processing Fees / Prepayment Charges on Used Car Loan in Bodhan

Used Car Loan Bodhan Contact Number

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

Pre Calculated EMI Table for Used Car Loan Bodhan

Used Car Loan EMI Calculator Bodhan

About Bodhan

Its a town in Nizamabad district of the Indian state of Telangana.