Best Banks for Used Car Loan in Karimnagar
Used Car Loan
Karimnagar Features
A Used Car Loan Karimnagar will help buy the best car within your budget and is a financial aid offered to the customers by commercial banks and NBFCs. Now it is effortless to avail used car loan with the help of Dialabank. We present before you some of our best offers for Car Loan to purchase a used car anywhere in Karimnagar!
The features of Used Car Loan online Karimnagar are as follows:
- You can avail a loan up to Rs.2.5 crore on pre-owned car value.
- Car at loan maturity age shall not exceed 10 years, with a maximum loan tenure of 60 months.
- Personalized help and advisory by our highly trained experts to choose a car that meets your wants.
- Enjoy doorstep service and easy documentation for our customers.
- You may also borrow up to 100% of the value of the car to the value of 3-6 times your annual remuneration.
- Transparent and hassle-free process tack your application anytime, anywhere and get updates about your application.
- Fast approval and faster disbursal of loan for easing the process for you.
- Convenient and customized repayment plans available with the easily payable instalments.
- Get 85% of the value of the car as a loan amount for 5 years without income proof verification.
- Flexible repayment tenures starting from 12 months to ease the burden.
*Terms and Conditions Apply
Used Car Loan Karimnagar Interest Rates
|
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
Car Loan Karimnagar Documents Required
For Salaried Individuals:
Any of the following documents required for car loan as Identity and Address Proof:
- Valid Passport
- Permanent Driving license
- Letter issued by the National Population Register with name & address
- Voters ID Card
- Job card issued by NREGA
All the following documents as Income Proof:
- Latest Salary Slip
- Latest Form 16/ Latest ITR
- Bank Statements for the previous 6 months
Any of the following for Signature Verification Proof:
- Credit Card Statement and its Copy
- Banker’s Verification
- Passport Copy
- Photo Driving License with DOB
- Copy of Margin Money Paid to the Bank
For Self Employed**:
Age proof: Memorandum and Articles of Association/ Certificate of Incorporation.
Identity proof: Memorandum and Articles of Association/ Certificate of Incorporation.
Income proof: Latest ITR and audited balance sheet with profit & loss account.
Any of the following documents as Address Proof:
- Telephone Bill
- Memorandum and Articles of Association
- Certification of Incorporation
- Electricity Bill
Any of the following for Sign Verification Proof:
- Passport Copy
- Credit Card Statement and its Copy
- Banker’s Verification
- Photo Driving License with DOB
- Copy of Margin Money Paid to the Bank.
**The following type of companies can also apply for a Used Car Loan Karimnagar:
- Sole Proprietorship
- Partnership Firms
- Private Limited Companies
- Public Limited Companies
Used Car Loan Karimnagar Eligibility Criteria
The eligibility for a Car Loanare:
Salaried Individual:
- The applicant must be a doctor, CAs, private limited company employee, employees from public sector undertakings including central, state, and local bodies.
- Age Limit: Individuals who are a minimum of 21 years of age when applying for the loan, and a maximum of 60 years of age at the end of the loan period
- Minimum Work Experience: Individuals who at least have had a job for 2 years, with a minimum of 1 year with the present employer.
- Minimum Earning: Those who earn a minimum of Rs. 2,50,000 per year., The income of the spouse can be considered as one with the applicant’s income.
Self Employed***:
- This includes individuals who own a private company in the business of manufacturing, trading, or services
- Rs. 2,50,000 per annum should be a minimum earning.
- Individuals who have an office landline.
***The following type of companies are also eligible for a Used Car Loan Karimnagar:
- Sole Proprietorship
- Partnership Firms
- Private Limited Companies
- Public Limited Companies
How to Apply for Used Car Loan in Karimnagar?
Availing a used car loan Karimnagar is an easy process with the help of DialaBank. Follow the quick steps as mentioned below:
- Visit us online at Dialabank
- Go to the specific city page for a used car loan Karimnagar
- Fill in the details required in the fast and easy Used Car Loan Application Form.
- Our relationship manager will soon get in touch with you for further information and process.
Used Car Loan for Major Car Manufacturers in Karimnagar
TABLE WILL APPEARProcessing Fees / Prepayment Charges on Used Car Loan Karimnagar
|
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
|
|
>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
|
Used Car Loan Karimnagar Contact Number
Contact us at 9878981166 or visit the website of Dialabank for instant help and guidance to fulfil all your loan needs anytime in Karimnagar.
Pre Calculated EMI Table for Used Car Loan Karimnagar
Used Car Loan EMI Calculator Karimnagar
About Karimnagar
It is a city in the Indian state of Telangana, India and is a major urban agglomeration and fifth-largest City in the state.
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