Best Banks for Used Car Loan in Khamanon
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 Khamanon Features
Advance Amount
- The benefit of advances up to Rs.2.5 crore on a wide level of exchange vehicles and multi-utility vehicles
- Get between 3 to various occasions your yearly compensation, and get up to 100% of the assessment of the car* *Age of Car at credit improvement should not cross 10 years, subject to the best progression residency of 60 months
Unequaled help
- An amazing circumstance very far frightened – from assessment to title move
- Get changed assistance to pick a vehicle that meets your particular needs
- The advantage of changed and steady reimbursement plans with pocket-obliging EMIs
Versatile Repayment Tenure
- Adaptable reimbursement residencies from a year to 60 months
- Stunning and key Processing and sponsorship
- Experience get issue free withdrawing through, obliging sponsorships, and sharp disbursals
- Track your application at whatever point, any place. Get affirmations about your credit application at each stage
- See doorstep partnership and obliging and head documentation
- Check your improvement limit in only sixty seconds
Loans without income proof
- Get 80% of the appraisal of the vehicle concerning the movement absolute for a long time without pay affirmation
- Get 85% of the appraisal of the vehicle concerning the movement complete for a long time without pay affirmation
Used Car Loan Khamanon Interest Rate
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
Used Car Loan Khamanon Documents Required
Salaried Individuals:
The documents required for car loan are :
Any of the accompanying archives as personality and Address Proof:
- Considerable Passport
- Enduring Driving grant [recent, understandable, laminate]
- Residents ID Card
- Occupation card gave by NREGA
- The letter gave by the National Population Register containing nuances of name and address
All the accompanying archives as evidence of salary:
- Most recent Salary Slip
- Most recent Form 16/Latest ITR
- Last 6 months bank statement
Any of the accompanying assign confirmation verification:
- Distinguishing proof Copy
- Photo Driving License with DOB (later, comprehensible, secured)
- Money related record with Credit Card Copy
- Representative’s Verification
- Copy of Margin Money Paid to the Bank
Self-employed Individuals:
- Update and Articles of Association/Certificate of Incorporation as age verification
- Update and Articles of Association/Certificate of Incorporation as character affirmation
- Most recent ITR and investigated money related record near to favorable position and calamity account as a check of pay
Any of the accompanying archives as address evidence:
- Notice and Articles of Association
- Affirmation of Incorporation
- Phone Bill
- Power Bill
Any of the accompanying assign confirmation verification:
- Visa Copy
- Photograph Driving License with DOB (later, clear, covered)
- Financial record with Credit Card Copy
- Investor’s Verification
- Duplicate of Margin Money Paid to the Bank
Used Car Loan Khamanon Eligibility Criteria
Salaried Individuals:
the eligibility for car loan are :
- This circuits specialist, CAs, representatives of private bound affiliations, workers from public region endeavors, including focal, state, and neighborhood bodies
- People who are at any rate 21 years old at the hour of applying for the turn of events, and no more settled than 60 near the consummation of the credit residency
- People who have had work for in any event 2 years, with at any rate 1 year with the current boss
- The individuals who procure in any occasion Rs. 2,50,000 reliably, including the installment of the accomplice
Self Employed Individuals:
- This consolidates people who own a private association in the matter of amassing, trading, or advantages
- Should obtain at any rate Rs. 2,50,000 for each annum
- People who have an office landline
Used Car Loan for Major Car Manufacturers in Khamanon
TABLE WILL APPEAR
Processing Fees / Prepayment Charges on Used Car Loan Khamanon
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
|
Pre Calculated EMI Table for Used Car Loan Khamanon
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 Khamanon