Used Car Loan Latur

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Best Banks for Used Car Loan in Latur

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 Latur Features

used car loan latur

Considering buying a pre-used car? Yet, don’t have the necessary credit for it? Try not to stress! Car credit is here for you. A vehicle credit is a method for subsidizing or money related assistance gave by banks and NBFCs to the candidates at a moderate pace important to help them in purchasing a vehicle, regardless of whether new or utilized.

Since cars have become a need for everybody, except the expense of cars is becoming quickly day by day. This is the place a used car loan becomes possibly the most important factor and satisfies your craving to be the proprietor of your fantasy vehicle. The primary highlights of a used car loan Latur are:

Car loans are available at low interest rates
Almost all major banks and NBFCs offer four-wheeler loans in Latur
The documentation process is quick and hassle-free
Used Car loans are easily available through DialaBank

Used Car Loan Latur 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

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Used Car Loan Latur Documents Required

Documents required for car loan are as followed:

For Salaried:-

Identity Proof: PAN Card, Voters ID card, Passport copy, Driving License
Income Proof: Latest 3-month salary slip with form 16
Address Proof: Driving license / Voters card / Passport Copy / PAN Card
Bank Statement: Previous 6 months.

For Self Employed:-

Identity Proof: PAN Card, Voters ID card, Passport copy, Driving License
Income Proof: Latest ITR
Address Proof: Voters card / Passport Copy / Ration card / Driving license / PAN Card
Bank Statement: Previous 6 months.

Used Car Loan Latur Eligibility Criteria

The car loan eligibility requirements are as followed:

For Salaried:-

Minimum age: 21 years
Maximum age at loan maturity: 60 years
Minimum employment: 1 year in current employment and a minimum of 2 years of employment
Minimum Annual Income: INR 2,50,000 annually

For Self-Employed:-

Minimum age: 25 years
Maximum age at loan maturity: 65 years
Minimum employment: at smallest 3 years in sales
Minimum Annual Income: INR 2,50,000 per annum

How to Apply for Used Car Loan Latur?

Availing a car loan in Mumbai is an easy process with DialaBank. Follow the following steps to avail of the best offers:

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

Used Car Loan for Major Car Manufacturers in Latur

TABLE WILL APPEAR

Processing Fees / Prepayment Charges on Used Car Loan Latur

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

CIBIL Score Required for Used Car Loan in Latur

This score may again differ from bank to bank. If there should arise an occurrence of a low CIBIL score than the necessary worth, you will be needed to pay a high rate financing cost on the advance sum while in the event 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 a vehicle advance.

Apply for a Car Loan

Used Car Loan Latur Contact Number

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

Pre Calculated EMI Table for Car Loan Mumbai

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

About Mumbai

Latur is a city in Maharashtra State — wherein it is the fourth greatest city of the Marathwada region in India. It is the authoritative base camp of the Latur area and Latur Taluka. The city is a vacationer centre encompassed by numerous recorded landmarks, including Udgir Fort and Kharosa Caves. The individuals in Latur are called Laturkar. The most communicated in the language in Latur is Marathi. The city’s nature of instruction draws in understudies from close by towns.

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