Used Car Loan Darbhanga

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Best Banks for Used Car Loan Darbhanga

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 Darbhanga Features

Having a car is a basic need nowadays. Dialabank is here to help the customers with the used car loan in Dharbanga at affordable interest rates for buying the choice of your car. A Used car loan is a method for subsidizing or budgetary assistance given by banks and NBFCs to the candidates at a moderate pace important to help them in purchasing a car pre-utilized. This is the place a car loan becomes possibly the most important factor and satisfies your craving to be the proprietor of your fantasy four-wheeler.

The fundamental highlights of a trade-in vehicle credit Dharbanga are:

Vehicle credits are accessible at low loan fees

Practically all significant banks offer used car loan Darbhanga

The documentation cycle is snappy and problem-free

Vehicle credits are effectively accessible through DialaBank

Used Car Loan Darbhanga 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 Darbhanga Documents Required

An individual must check the documents required for car loan before deciding.

For Salaried:-

Proof of identity: PAN Card, Voters ID card, Passport copy, Driving License
Income Proof: Latest 3-month salary slip with form 16
Proof of residence: Driving license / Voters card / Passport Copy
Statement of Bank: the previous six months.

For Self Employed:-

Identity Proof: PAN Card, Voters ID card, Passport copy, Driving License
Income Proof: Latest Income tax returns
Proof of residence: Voters card / Passport Copy / Driving license / Life Insurance Policy /PAN Card
Statement of Bank: The previous six months

Used Car Loan Darbhanga Eligibility Criteria

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

For Salaried:-

Minimum age: 21 years
Maximum age at loan maturity: maximum of 60 years
Minimum employment: 1 year in current employment and a minimum of 2 years of employment
Minimum Annual Income: Annual net income of two and a half lakhs

For Self-Employed:-

Minimum age: 25 years
Maximum age at loan maturity: 65 years
Minimum employment: at smallest 3 years in sales
Minimum Annual Income: Annual net income of two and a half lakhs

How to Apply for used Car Loan in Darbhanga?

Availing a used car loan Darbhanga is an easy process with DialaBank. Follow the following steps to avail the best offers:

Visit our site Dialabank Snap-on the vehicle advance choice accessible in the menu
Fill in the insights about the vehicle type and your salary.
Hold up as our relationship supervisor will before long connect with you on your gave number.
You may likewise contact our relationship chiefs on the number 9878981166 if there should arise an occurrence of any inquiries with respect to the advance.
For profiting a vehicle credit disconnected you should visit the branch by and by, which may go to be chaotic for you.

Car Loan for Major Car Manufacturers in Darbhanga

TABLE WILL APPEAR

Processing Fees / Prepayment Charges on used Car Loan Darbhanga

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

CIBIL Score Required for Used Car Loan Darbhanga

This score may again vary from bank to bank. In case of a low CIBIL score than the required value, you will be required to pay a high rate interest rate on the loan amount while if your CIBIL score is good then you may have to pay a low rate of interest. Thus, a CIBIL score is an important factor in a car loan.

Used Car Loan Darbhanga Contact Number

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

Pre Calculated EMI Table for used Car Loan Darbhanga

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

You can calculate your EMI here: Car Loan EMI Calculator

About Darbhanga

Darbhanga was a piece of Sarkar Tirhut up to 1875 when it was established in a different area. The regions had been made before – Darbhanga Sadar in 1845, Madhubani in 1866, and Samastipur (at that point known as Tajpur) in 1867. It was the piece of Patna division till 1908 when the Tirhut division was made with its base camp at Muzaffarpur. Because of the rearrangement of regions in the State which produced results in the year 1972, Madhubani and Samastipur region were updated as autonomous areas and afterwards, the managed Darbhanga locale has two regions, viz, Darbhanga Sadar and Benipur comprising of 12 Development Blocks altogether.