Best Banks for Used Car Loan Kovur
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 Kovur Features
Get easy Used Car Loan Kovur with Dialabank.
Advance Amount
- You can simply avail of loan up to Rs. 2.5 crore on a wide range of preowned cars and multi-utility vehicles
- Easily get between 3 to multiple times your yearly pay, and get up to 100% of the estimation of the car* *The Age of Car at credit development ought not to cross 10 years, subject to the most extreme advance residency of 60 months
Unequaled help
- Advantage from start to finish warning – from examination to title move
- Get customized help to pick a vehicle that meets your particular needs
- Profit of altered and helpful reimbursement plans with pocket-accommodating EMIs
Adaptable Repayment Tenure
- Adaptable reimbursement residencies from a year to 60 months
- Fast and simple Processing and endorsement
- Experience straightforward issue free preparing, fast endorsements, and quick disbursals
- Track your application whenever, anyplace. Get announcements about your credit application at each stage
- Appreciate doorstep administration and speedy and simple documentation
- Check your advance qualification in only 60 seconds
Loans without income proof
- Get 80% of the estimation of the vehicle as to the advance sum for a long time without pay confirmation
- Get 85% of the estimation of the vehicle as to the advance sum for a long time without pay confirmation
Used Car Loan Kovur Interest Rate
Get affordable car loan interest rate on Used Car Loan Kovur.
To check Car Loan Interest Rate for all major banks you can visit: Car Loan Interest Rates
Used Car Loan Kovur Documents Required
Essential documents required for car loan for Used Car Loan Kovur:
Salaried Individuals:
Any of the following can be the identity proof:
- One Substantial Passport
- The Driving permit [recent, decipherable, laminate]
- The Citizens ID Card
- The Occupation card which is provided by NREGA.
- The letter provided by the National Population Register with the name and address of the applicant.
All the accompanying archives as evidence of salary:
- Fresh Salary Slip
- The latest Form 16
- The Last 6 months bank statement
Any of the following can be used for identity verification:
- Identification Copy
- Photograph Driving License with DOB (later, readable, covered)
- Financial record with Credit Card Copy
- Broker’s Verification
- Duplicate of Margin Money Paid to the Bank
Self-employed Individuals
- Update and Articles of Association/Certificate of that are Proof of age of the applicant.
- Update and Articles of Association/Certificate of Incorporation as personality verification.
- Most recent ITR and reviewed monetary record alongside benefit and misfortune account as verification of salary
- Any of the accompanying archives as address evidence
Notice and Articles of Association, Affirmation of Incorporation, Phone Bill, Power Bill
- Any of the following can be 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 Kovur Eligibility Criteria
The eligibility criteria for car loan to avail a Used Car Loan Kovur:
Salaried Individuals:
- This incorporates specialists, CAs, representatives of private restricted organizations, workers from public area endeavors, including local, state, and neighborhood bodies
- People who are at least 21 years at the time of applying and a maximum of 60 toward the finish of the credit residency
- Those who’ve worked for a company for 2 years, with at least 1 year with the current manager
- The individuals who earn at least Rs. 2,50,000 every year, including the salary spouse.
Self Employed Individuals:
- The individual must own a private organization in the matter of assembling, exchanging, or benefits
- Should earn at any rate Rs. 2,50,000 for every annum
- The individuals should have a business landline.
Used Car Loan for Major Car Manufacturers in Kovur
TABLE WILL APPEARProcessing Fees / Prepayment Charges on Used Car Loan Kovur
CIBIL Score Required for Used Car Loan in Kovur
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 Kovur.
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 Kovur Contact Number
In case of any queries regarding the Used car loan Kovur, 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 Kovur
About Kovur
Kovur is a town in the Kanchipuram district of the Indian state of Tamil Nadu. Kovur is a suburb of Chennai and is situated at a distance of about 22 kilometers from Chennai and 5 kilometers from Porur(Chennai) on the Porur-Kundrathur road, Kovur has a population of over five thousand.
Car Loan EMI Calculator
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