Best Banks for Used Car Loan Ferozepur
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 Ferozepur Features
- Avail of credit up to Rs. 2.5 crore on a wide variety of preowned cars and multi-utility vehicles
- Get between 3 to multiple times your yearly pay, and get up to 100% of the estimation of the car*
*Age of Car at credit development ought not to cross 10 years, subject to the most extreme advance residency of 60 months
- Advantage from start to finish warning – from examination to title move
- Get customized advice to pick a vehicle that meets your special needs
- Profit of altered and helpful reimbursement plans with pocket-accommodating EMIs
- Flexible reimbursement residencies from a year to 60 periods
- Fast and simple Processing and endorsement
- Experience sincere issue free fitting, fast support, and fast disbursals
- Track your application whenever, anyplace. Get announcements about your credit application at each stage
- Enjoy doorstep policy and speedy and easy documentation
- Check your advance qualification in only 60 seconds
- Get 80% of the estimation of the vehicle as to the advance sum for a long time without pay confirmation
- Get 85% of the estimation of the vehicle as to the advance sum for a long time without pay confirmation
Used Car Loan Ferozepur Interest Rate
To check Car Loan Interest Rate for all major banks you can visit: Car Loan Interest Rates
Used Car Loan Ferozepur Documents Required
An individual must check the documents required for car loan before deciding.
Salaried Individuals:
Identity proof:
- Substantial Passport
- Lasting Driving permit [recent, decipherable, laminate
- Citizens ID Card
- The Occupation card is given by NREGA.
- The report gave by the National Population Register containing distinctions of name and address.
Evidence of salary:
- Most recent Salary Slip
- Most recent Form 16/Latest ITR
- Last 6 months bank statement
Confirmation verification:
- Identification Copy
- Photograph Driving Permit with DOB
- Financial record with Credit Card Copy
- Broker’s Verification
- Copy of Margin Money Returned to the Bank
For Self Employed:
- Identity Proof: Voters ID card, Passport copy, PAN Card, Driving License
- Income Proof: Latest ITR
- Address Proof: Voters card / Ration card / Telephone Bill / Driving license / Electricity Bill / Passport Copy / Life Insurance Policy /PAN Card
- Bank Statement: Last 3 months.
Public Limited Companies, Private Limited Companies, Hindu Undivided Family – also need to submit the same documents in order to avail used car loans.
Used Car Loan Ferozepur Eligibility Criteria
An individual must fulfil the Eligibility criteria for a car loan to avail of the loan amount.
For Salaried:-
- Minimum age: 21 years
- Maximum age at loan maturity: 60 years
- Minimum employment: 1 year in the contemporary job and a minimum of 2 years of work
- Minimum Annual Income: Rs 2,50,000 net annual income
For Self-Employed:-
- Minimum age: 25 years
- Maximum age at loan maturity: 65 years
- Minimum employment: Should have been in exchange for a point of 3 years
- Minimum Annual Income: Rs 2,50,000 net annual income
Used Car Loan for Major Car Manufacturers in Ferozepur
TABLE WILL APPEAR
Processing Fees / Prepayment Charges on Used Car Loan Ferozepur
CIBIL Score Required for Used Car Loan in Ferozepur
The CIBIL score is alluded to as something that defines your ability to take care of your assets. A higher Credit score means a great experience as a customer and makes your vehicle credit application measure level and simple to be marketed. Generally, banks and NBFCs consider a FICO assessment of 720 or more as a decent score to affirm your credit application measure for Used Car Loan Ferozepur.
This score may frequently replace by the bank with the bank. In the event of a low CIBIL score than the necessary worth, you will be needed to pay a high rate financing cost on the credit sum while on the off possibility that your CIBIL score is pleasant, at that point you may want to pay a low speed of intrigue. Consequently, a CIBIL score is a vital factor in vehicle credit.
Used Car Loan Ferozepur Contact Number
In case of any queries regarding the Used car loan Ferozepur, you may contact on the number 9878981166 for any sort of assistance. Or for any further assistance, you can also visit us on our website Dialabank.
Pre Calculated EMI Table for Used Car Loan Ferozepur
You can calculate your EMI here: Car Loan EMI Calculator
About Ferozepur
Firozpur, also known as Ferozepur, is a centre on the shores of the Sutlej River in Firozpur District, Punjab, India. It was established by Sultan Firoz Shah Tughluq (1351–88), a ruler of the Tughluq administration, who reigned over the Sultanate of Delhi from 1351 to 1388.
Car Loan EMI Calculator
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