Best Banks for Used Car Loan in Hojai
Used Car Loan Hojai Features
A Used Car Loan Hojai may be a disposal facility for the people that have an interest in shopping for used cars. Used cars supply price for cash, slow rate of depreciation, lower insurance and fewer registration charges. You will be able to apply for a second-hand car loan from any bank and find the funds instantly.
- Altered compensation plans are accessible with the effectively collectable parts.
- Doorstep administration and straightforward documentation facility on the market.
- Easy compensation plans starting from a year to facilitate the process.
- Customized facilitate by our readily available specialists.
- You may acquire loan up to 100 per cent 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 total for a protracted time while not pay proof confirmation.
- Car at its maturity age must not exceed ten years, with the best loan profit to sixty months.
- You can get a credit up to Rs.2.5 crore on the value of the automotive to maximise the profit for you.
*Terms and Conditions Apply!
Used Car Loan Hojai Interest Rates
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Bank
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Processing Fee
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Prepayment Charges
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HDFC Bank Car Loan
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(1999 - 4999) + Tax
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2%, Nil foreclosure charges after 24 months
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Axis Bank Car Loan
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1 % to 2.50%
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Nil
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|
Private Bank Car Loan
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0.25% to 1.50%
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2%, Nil foreclosure charges after 36 months
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|
SBI Car Loan
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500/- to 0.50%
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Nil
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|
Kotak Car Loan
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1% to 2%
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2.25% of fore closure amount if closed 1 month ahead of the tenure.
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|
IIFL Car Loan
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Nil
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Nil
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|
Muthoot Car Loan
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Nil
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Nil
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Manappauram Car Loan
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Nil
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Nil
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|
PNB Car Loan
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0.70% to 1%
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Nil
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|
Canara Bank Car Loan
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1%
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Nil
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|
Andhra Bank Car Loan
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Nil
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Nil
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To check Car Loan Interest Rate for all major banks you can visit: Car Loan Interest Rates
Used Car Loan Hojai Documents Required
Documents required to avail of a car loan :
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 Hojai:
- Sole Proprietorship
- Partnership Firms
- Private Limited Companies
- Public Limited Companies
Used Car Loan Hojai 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.
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 Hojai:
- Sole Proprietorship
- Partnership Firms
- Public Limited Companies
- Private Limited Companies
Used Car Loan for Major Car Manufacturers in Hojai
TABLE WILL APPEAR
Processing Fees / Prepayment Charges on Used Car Loan Hojai
Pre Calculated EMI Table for Used Car Loan Hojai
Used Car Loan EMI Calculator Hojai
About Hojai
Hojai is a municipal town located in the Assam state of India which holds a great historical significance since Medival times.
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