Used Car Loan Katni| Interest Rate @13.60% p.a

Used Car Loan Katni

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Best Banks for Used Car Loan in Katni

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 Katni Features

Used Car Loan is available for you at an attractive rate of interest. Used Car Loan Katni provides you financial help for getting a loan for a pre-owned or used car.

The features of the used car loan in Katni are:

Avail maximum amount of up to Rs. 2.5 crore
Get a 100% loan amount of the car price
At loan maturity, the car’s age should not be more than 10 years
Avail loan amount up to 6 times of your yearly income
Provision of personalized guidance
Get customized and convenient refund plans with reasonably priced
The maximum loan tenure period is up to 5 years for a pre-owned car
Easy and simple processing
Get your second-hand car approval quickly
Loan amount disbursed faster
Quick and less documentation
A good CIBIL score is an unsaid requirement as it provides an insight to the provider about your financial behaviour.
A good CIBIL score provides an opportunity to negotiate and reduce the car loan interest rate to a certain extent.
Get a loan amount of up to 85% of the car value without salary proof.
Get benefit from end-to-end advising.

Used Car Loan Katni 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

Apply for a Car Loan

Used Car Loan Katni Documents Required

The documents required for a car loan in Katni is different for Salaried and Self Employed applicants:

For Salaried:

Any of the following documentation required for identity and residence proof:

Valid Passport
Voter ID Card
Permanent Driving License
Job Card
Letter issued by the National Population Register

The following documents for income proof:

Latest Salary Slip
Latest Form 16/Latest ITR
Bank statement of last 6 months

Any of the following document required for signature proof:

Passport Copy
Photo Driving License with DOB
Credit card statement with Credit Card Copy
Banker’s verification

For Self Employed:

For age proof, the documents required are Memorandum and Articles of Association/Certificate of Incorporation
For identity proof, the documents required are Memorandum and Articles of Association/Certificate of Incorporation
For Income Proof, there is a requirement of Latest ITR and balance sheet with profit and loss account
Address Proof Documents(Anyone): Memorandum and Articles of Association, Certificate of Incorporation, Telephone Bill, Electricity Bill
For Sign Verification Proof: Passport Copy, Photo Driving License with DOB, Credit Card Statement, Banker’s Verification

Also, the used car loan can be borrowed in the following type of firms as well:

Partnership Firms
Sole Proprietorship
Public Limited Companies

Used Car Loan Katni Eligibility Criteria

eligibility criteria for a car loan are the completion of the following conditions:

For Salaried:-

Minimum age: 21 years
Maximum age at loan maturity: 60 years
Minimum employment: 1 year in recent employment and a minimum of 2 years of employment
Minimum Annual Income: Rs 2,50,000 net annual income
This comprises doctors, CAs, employees of private limited companies, employees from public sector undertakings, including central, state, and local bodies

For Self-Employed:-

Minimum age: 21 years
Maximum age at loan maturity: 60 years
Minimum employment: 3 years
Minimum Annual Income: Rs, 2,50,000 per annum

The following type of firm are also eligible to take a pre-owned car loan in Katni:

Sole Proprietorship
Partnership Firms
Public Limited Companies
Hindu Undivided Family

How to Apply for Used Car Loan in Katni?

Availing a Used Car Loan Katni is an easy and smooth process with Dialabank. Follow the following steps to get the best offers:

Visit our website Dialabank
Press on the car loan option accessible in the menu
Fill in the details about the car type and your salary
Wait as our relationship manager will soon get in contact with you on your provided contact number.
You may also call our relationship managers on the number 9878981166 in case of any queries regarding the used car loan.
For getting a car loan offline you will have to visit the bank branch personally, which might turn to be hectic for you.

Used Car Loan for Major Car Manufacturers in Katni

TABLE WILL APPEAR

Processing Fees / Prepayment Charges on Used Car Loan in Katni

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
Prepayment Charges	>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 Katni Contact Number

In case of any queries regarding the used car loan in Katni, you may contact the number 9878981166 for any sort of assistance.

Pre Calculated EMI Table for Used Car Loan Katni

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 Katni

About Katni

Katni is a city on the shores of the Katni River in Madhya Pradesh, India. It is the official headquarters of Katni District. It is in the Mahakoshal region of middle India.