Best Banks for Used Car Loan Kasaragod
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 Kasaragod Features
Avail your Used Car Loan in Kasaragod at your fingertips with Dialabank.
Used Car Loans are the most convenient loans that allow the buyer to easily pick the car of their choice. With such easy Used Car Loans having a car is no more a dream!
These loans are hassle-free and do not constrain the buyer and allow them to explore as many as options they want.
- Used Car Loans have flexible repayment options ranging from 12 to 60 months.
- Attractive deals are available with the lowest interest rates
- Quick and super convenient processing of the loan in few easy steps.
- In case of any buying assistance or any loan-related query assistance available at Dialabank.
- It is important to check and maintain cibil score.
Used Car Loan Kasaragod Interest Rate
Given below are details on car loan interest rate
To check Car Loan Interest Rate for all major banks you can visit: Car Loan Interest Rates
Used Car Loan Kasaragod Documents Required
Below are the documents required for car loan
Salaried Individuals:
Any of the given documents can be the identity proof & Address Proof:
- 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
The following documents can be income proof of the applicant:
- Latest Salary Slip
- Latest Form 16
Any of the following can be used as the proof of the signature of the applicant:
- The Passport Copy
- Photo Driving License with DOB (recent, legible, laminated)
- Credit Card Statement with Credit Card Copy
- Banker’s Verification
Self-employed Individual
Any of the following can be used as the address proof:
Memorandum and articles of association/ Electricity Bill/ Telephone Bill/ Certificate of incorporation
Any of the given can be used as the proof of signature:
- 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.
The Memorandum and Articles of Association/Certificate of Incorporation as age proof of the applicant.
The Memorandum and Articles of Association/Certificate of Incorporation as an identity proof of the applicant.
The Latest ITR and audited balance sheet along with profit & loss account as proof of income of the applicant are obligatory.
Used Car Loan Kasaragod Eligibility Criteria
The given criteria should be met to avail a Used Car Loan Kasaragod. The eligibility criteria for car loan is described below.
Salaried Individuals:
- The individual should be an employee of any of the Pvt. Ltd. company, doctor, CA, lawyer, public sector undertaking that includes local, state, or central bodies.
- The individual must be 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.
- Should possess an employment experience of at least 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 applicant’s spouse’s earning.
Self Employed Individuals:
- The applicant must be the sole proprietor of the organization that he/she operates
- The applicant should earn at any rate Rs. 2,50,000 for every annum
- Applicants must have either a residence or a company’s telephone line.
Used Car Loan for Major Car Manufacturers in Kasaragod
TABLE WILL APPEARProcessing Fees / Prepayment Charges on Used Car Loan Kasaragod
CIBIL Score Required for Used Car Loan Kasaragod
The CIBIL score is considered to be what characterizes your capacity to take care of your credits. A higher Credit score simply implies smooth and easy processing of the applicant’s application for a Used Car Loan.
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 Kasaragod.
This score may again vary from bank to 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 chance that your CIBIL score is acceptable, at that point you may need to pay a low pace of intrigue.
Used Car Loan Kasaragod Contact Number
In case of any queries or confusion regarding the Used car loan Kasaragod, you may contact on the number 9878981166 for any sort of assistance. Or for any further assistance, you can also reach out to us on our website Dialabank.
Pre Calculated EMI Table for Used Car Loan Kasaragod
About Kasaragod
Kasaragod is also spelled as Kassergodde is a municipal town and the district headquarters of the Kasaragod district of Kerala state in India. Kasaragod is situated in the rich biodiversity of Western Ghats. Malayalam, English, Tulu, Kannada, and Konkani are the common languages used in Kasargod.
Used Car Loan EMI Calculator
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