Best Banks for Used Car Loan Korba
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 Korba Features
Get easy Used Car Loan Korba with Dialabank. Used Car Loans are the most convenient loans that allow the buyer to easily pick the car of their choice.
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 from 12 to 60 months.
- Attractive deals with lowest interest rates
- Quick and super convenient processing of the loan.
- Buying assistance or any loan-related query assistance available at Dialabank.
Used Car Loan Korba Interest Rate
Get affordable interest rates on Used Car Loan Korba.
To check Car Loan Interest Rate for all major banks you can visit: Car Loan Interest Rates
Used Car Loan Korba Documents Required
Documents required for car loan are as followed:
Salaried Individuals:
Any of the given documents can be the identity & 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 given documents can be used as proof of income:
- Latest Salary Slip
- Latest Form 16
Any of the following can be used as the signature verification proof:
- 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 for signature verification:
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
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 Korba 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, and 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.
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 Korba
TABLE WILL APPEARProcessing Fees / Prepayment Charges on Used Car Loan Korba
CIBIL Score Required for Used Car Loan Korba
The CIBIL score is considered to be what characterizes your capacity to take care of your credits. A higher Credit score implies a great record as a consumer and makes your vehicle advance application measure smooth and simple to be handled. 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 Korba.
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. Subsequently, a CIBIL score is a significant factor in vehicle credit.
Used Car Loan Korba Contact Number
In case of any queries regarding the Used car loan Korba, you may contact on the number 9878981166 for any sort of assistance. Or for any further assistance, you can also visit us on our website Dialabank.
Pre Calculated EMI Table for Used Car Loan Korba
About Korba
Korba is a city and an industrial area in the Korba District in the Indian state of Chhattisgarh. Korba Super Thermal Power Plant of NTPC is situated in Korba.
Used Car Loan EMI Calculator
