Best Banks for Used Car Loan Itarsi
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 Itarsi Features
Looking for a used car but lacking sufficient finances? No worries, Dialabank got your back with the simplest Used Car Loan process in your city. Approve your Used Car Loan Itarsi most simply and make the your desire of owning a car come true with Dialabank.
With Dialabank you are just a few steps away from availing a Used Car Loan in your city without stressing over formalities.
Used Car Loans are simply the gateway to your desire of having a car that fits your budget. So what are waiting for? Get the car of your choice in a few easy steps with attractive deals.
- Avail Used Car Loans up to 2.5 crores on a wide range of used cars.
- Personalized help to get the used car of your choice from research to loan processing.
- Flexible loan tenure ranging from 12 months to 84 months.
- You get choose your repayment plan at your convenience.
- Doorstep service with simple documentation.
- Transparent and hassle-free loan processing.
- Track your application anytime, anywhere. Get status updates about your loan application at every stage of the loan processing.
Used Car Loan Itarsi Interest Rate
Bank
Processing Fee
HDFC Bank Car Loan
(1999 - 4999) + Tax
Axis Bank Car Loan
1 % to 2.50%
Nil
Private Bank Car Loan
0.25% to 1.50%
SBI Car Loan
500/- to 0.50%
Nil
Kotak Car Loan
1% to 2%
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
0.01
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 Itarsi Documents Required
Documents required for car loan are as followed:
Salaried Individuals:
Identity and Address Proof can be any of the following:
- Valid Passport
- A Permanent Driving license [recent, legible, laminate]
- Voters ID Card
- Job card issued by NREGA
- Letter issued by the National Population Register containing details of name & address
Income proof can be any of the following:
- Latest Salary Slip
- Latest Form 16
Proof of signature can be any of the following:
- The Passport Copy
- Photo Driving License with DOB (recent, legible, laminated)
- Credit Card Statement with Credit Card Copy
- Banker’s Verification
Self-employed Individual
Proof of address can be any of the following:
- Memorandum and articles of association
- Electricity Bill
- Telephone Bill
- Certificate of incorporation
Any of the given can be used as proof of address of the applicant:
Passport copy/ driving license copy with DOB/Credit card statement with credit card copy/ Banker’s verification /Copy of Margin money paid to the bank.
Memorandum and Articles of Association/Certificate of Incorporation as age proof of the applicant.
Memorandum and Articles of Association/Certificate of Incorporation as identity proof.
Latest ITR and audited balance sheet along with profit & loss account as proof of income.
Used Car Loan Itarsi Eligibility Criteria
The car loan eligibility requirements are as followed:
Salaried Individuals:
- The individual must be an employee of the Pvt. Ltd. company, doctor, CA, lawyer, public sector undertaking that includes local, state, or central bodies.
- The individual should be of a minimum of 21 years of age while applying for a loan and a maximum of 60 at the time of tenure closure of the loan.
- An employment experience of 2 years in any company along with documented proof of 1-year employment in the current company.
- The income criteria are the individual should earn a minimum of 2,50,000 per annum inclusive of the spouse’s earning is mandatory for Used Car Loan Itarsi.
Self Employed Individuals:
- The individual must be the sole proprietor of the organization that he/she operates.
- Should earn at any rate Rs. 2,50,000 for every annum.
- The individuals should have either a residence or a company’s telephone line.
Used Car Loan for Major Car Manufacturers in Itarsi
TABLE WILL APPEAR
Processing Fees / Prepayment Charges on Used Car Loan Itarsi
Category
Details
Processing Charges
Prepayment
Preclosure
Stamp Duty
Cheque Bounce Chgs
Floating Rate of Interest
Not Applicable
Overdue EMI Interest
Amortisation Schedule Chgs
Rs 200 + GST
Pre Calculated EMI Table for Used Car Loan Itarsi
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
Used Car Loan EMI Calculator
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