Best Banks for Used Car Loan in Botad
Used Car Loan Botad Features
A Used car loan Botad is a loaning facility for the people who are interested in buying used cars. You can apply for a Used Car Loan and get instantly funded.
- Altered repayment plans are accessible with the effectively payable portions.
- Doorstep administration and simple documentation facility available for our clients.
- Easy repayment plans beginning from a year to facilitate the weight.
- Customized help and warning by our exceptionally prepared specialists to pick a vehicle that meets your needs.
- You may likewise acquire up to 100% of the estimation of the vehicle to the estimation of 3-6 times your yearly compensation.
- Get 85% of the estimation of the vehicle as a credit sum for a long time without pay evidence confirmation.
- Car at its maturity age should not exceed 10 years, with the greatest loan benefit until 60 months.
- You can get a credit up to Rs.2.5 crore on the worth of the car to maximize the benefit for you.
*Terms and Conditions Apply
Used Car Loan Botad 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
Used Car Loan Botad Documents Required
Documents required for car loan are as followed:
For Salaried Individuals:
For Identity and Address Proof:
- Valid Passport
- Permanent Driving license
- Letter issued by the National Population Register mentioning name & address
- Voters ID Card
- Job card provided by NREGA
For Income Proof:
- Latest Salary Slip
- Bank Statements for the last 6 months
- Latest Form 16/ Latest ITR
For Signature Verification Proof:
- Photo Driving License
- Credit Card Statement and its Copy
- Banker’s Verification
- Copy of Margin Money Paid to Bank
- Passport Copy
For Self Employed**:
Income proof: Latest ITR and audited balance sheet with profit & loss account.
Age proof: Certificate of Incorporation/Memorandum and Articles of Association.
Identity proof: Certificate of Incorporation/ Memorandum and Articles of Association.
For Sign Verification Proof:
- Credit Card Statement and its Copy
- Copy of Margin Money Paid to Bank.
- Passport Copy
- Banker’s Verification
- Photo Driving License
For Address Proof:
- Telephone Bill
- Electricity Bill
- Memorandum and Articles of Association
- Certification of Incorporation
**The following companies are also applicable for a Used Car Loan Botad:
- Sole Proprietorship
- Partnership Firms
- Private Limited Companies
- Public Limited Companies
Used Car Loan Botad Eligibility Criteria
If a person fulfils the Eligibility criteria for car loan, then he can get the amount efficiently.
The following people are eligible to apply for a Pre-Owned Car Loan in Botad:
Salaried Individual:
- Minimum Work Experience: Individuals who have job experience for a minimum of 2 years and a minimum of 1 year with the current employer.
- Minimum Earning: People earning a minimum of Rs. 2,50,000 annually, the income of the spouse can be considered as included with the candidate’s income.
- Age Limit: Individuals having the age of 21 years when applying for the loan, and a maximum of 60 years of age at the end of the loan maturity period.
- Professional practitioners 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 undertakings.
- Rs. 2,50,000 per year should be a minimum remuneration.
- Individuals who have an office landline number.
***The following companies are also eligible for a Used Car Loan Botad:
- Sole Proprietorship
- Partnership Firms
- Public Limited Companies
- Private Limited Companies
Used Car Loan for Major Car Manufacturers in Botad
TABLE WILL APPEAR
Processing Fees / Prepayment Charges on Used Car Loan Botad
Pre Calculated EMI Table for Used Car Loan Botad
Used Car Loan EMI Calculator Botad
About Botad
Botad is a district headquarter of Botad district, Gujarat, India which lies near to Bhavnagar and Ahmedabad.
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