Used Car Loan Chikballapura

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Best Banks for Used Car Loan in Chikballapura

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 Chikballapura Features

Get personalized guidance to take a car that fits your specific requirements
Enjoy preferential pricing
Follow simple hassle-free processing, fast approvals, and fast disbursals
Track your application anytime, anywhere. Get rank updates about your loan request at every stage
Bonus from end-to-end advisory- from analysis to the title change
Almost all central banks and NBFCs offer Used Car Loans in Chikballapura
The documentation process is quick and hassle-free
Used Car Loans are readily accessible for DialaBank
Get 80% of the value of the car as a loan amount for three years without income proof
Get 85% of the value of the vehicle as a loan amount for five years without income proof

Used Car Loan Chikballapura Interest Rate

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 Chikballapura Documents Required

Documents required for car loan are as followed:

For Salaried:

Identity and residence proof:

Valid Passport
Voter ID Card
Permanent Driving License
Job Card
Letter issued by the National Population Register

Income proof:

Latest Salary Slip
Latest Form 16/Latest ITR
Bank statement of the last six months

Signature proof:

Passport Copy
Photo Driving License with DOB
Credit card statement with Credit Card Copy
Banker’s verification

For Self Employed:

Age proof, the records needed are Memorandum also Articles of Association/Certificate of Incorporation
Identity proof, the documents required are Memorandum including Articles of Association/Certificate of Business
Income Proof, there is a condition of the Latest ITR and balance sheet with profit and loss statement
Address Proof Documents: Memorandum and Articles of Association, Certificate of Incorporation, Telephone Bill, Electricity Bill
Sign Verification Test: Passport Copy, Photo Driving Permit amidst DOB, Credit Card Statement, Banker’s Acceptance

Also, the Used Car Loan can be used in the next type of firms as well:

Partnership Firms
Sole Proprietorship
Public Limited Companies

Used Car Loan Chikballapura Eligibility Criteria

The car loan eligibility requirements are as followed:

For Salaried:-

Minimum age: least age rule is 21 years
Maximum age at loan maturity: highest age guidelines are 60 years
Minimum employment: 1 year in modern employment and two working years of profession
Minimum Annual Income: Rs. 2,50,000 net annual income

For Self-Employed:-

Minimum age: 21 years
Maximum age at loan maturity: 60 years
Minimum employment: 3 years
Minimum Annual Income: Rs. 2,50,000 per annum

The following type of firm are also eligible to take a pre-owned Used Car Loan Chikballapura:

Sole Proprietorship
Partnership Firms
Public Limited Companies
Hindu Undivided Family

How to Apply for Used Car Loan in Chikballapura?

Availing a Used Car Loan Chikballapura is an easy process with DialaBank. You require to understand the subsequent steps to help the best suggestions on loan:

Visit our website Dialabank
Click on the Used Car Loan choosing available in the menu bar
Fill in the details regarding the car type and your income (yearly)
Wait as our meeting leader will soon get in touch with you on your assigned figure.
You may also contact our contact directors on the number 9878981166 in case of any questions concerning the loan.
For availing a Used Car Loan in Chikballapura offline, you will have to attend the branch individually, which might turn to be excited for you.

Used Car Loan for Major Car Manufacturers in Chikballapura

TABLE WILL APPEAR

Apply for a Car Loan

Processing Fees / Prepayment Charges on Used Car Loan Chikballapura

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
Prepayment Charges	>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

Pre Calculated EMI Table for Used Car Loan Chikballapura

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

About Chikballapura

Chikballapura district is a community in the state of Karnataka, India. On 23 August 2007, it was created out of the pre-existing Kolar district, which was the fourth most extensive district. The borough of Chikballapur is the division quarters and a critical transportation link in the North Bangalore region.