Best Banks for Used Car Loan in Machhiwara
Used Car Loan Machhiwara Features
A Used Car Loan Machhiwara can serve as a saviour for all those seeking most services of the below-mentioned features with Dialabank:
- Vehicle at credit development age will not surpass 10 years, with a most extreme advance residency of 60 months.
- Enjoy doorstep policy and simple documentation for our clients.
- Adjustable payment tenures beginning from a year to facilitate the weight.
- Customized help and warning by our exceptionally prepared specialists to pick a vehicle that meets your needs.
- Get 85% of the estimation of the vehicle as a credit sum for a long time without pay confirmation check.
- You can get a credit up to Rs 2.5 crore on the said worth of the car.
- Helpful and tweaked repayment plans accessible with the easily payable parts
- You may likewise acquire up to 100% estimation of the vehicle to the estimation of 3-6 times your yearly compensation.
*Terms and Conditions Apply
Used Car Loan Machhiwara Interest Rates
Check the Car Loan Interest rates for used cars:
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Bank
|
Processing Fee
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Prepayment Charges
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HDFC Bank Car Loan
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(1999 - 4999) + Tax
|
2%, Nil foreclosure charges after 24 months
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Axis Bank Car Loan
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1 % to 2.50%
|
Nil
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|
Private Bank Car Loan
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0.25% to 1.50%
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2%, Nil foreclosure charges after 36 months
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SBI Car Loan
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500/- to 0.50%
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Nil
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Kotak Car Loan
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1% to 2%
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2.25% of fore closure amount if closed 1 month ahead of the tenure.
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|
IIFL Car Loan
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Nil
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Nil
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|
Muthoot Car Loan
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Nil
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Nil
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|
Manappauram Car Loan
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Nil
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Nil
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|
PNB Car Loan
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0.70% to 1%
|
Nil
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Canara Bank Car Loan
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1%
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Nil
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|
Andhra Bank Car Loan
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Nil
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Nil
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To check Car Loan Interest Rate for all major banks you can visit: Car Loan Interest Rates
Used Car Loan Machhiwara Documents Required
For Salaried Individuals:
Any of the following documents required for car loan for identity and residence proof:
- Passport
- Driving license
- Letter allotted by the National Population Register mentioning name & address
- Voters ID Card
- Job card given to you by NREGA
For Income Proof:
- Latest Salary Slip
- Bank Statements for the last 6 months
- Latest Form 16/ Latest ITR
For Signature Verification Proof:
- Photo Driving License
- Credit Card Statement and its Copy
- Banker’s Verification
- Copy of Margin Money Paid to Bank
- Passport Copy
For Self Employed**:
Income proof: Latest ITR and audited balance sheet with profit & loss account.
Age proof: Certificate of Incorporation/Memorandum and Articles of Association.
Identity proof: Certificate of Incorporation/ Memorandum and Articles of Association.
For Sign Verification Proof:
- Credit Card Statement and its Copy
- Copy of Margin Money Paid to Bank.
- Passport Copy
- Banker’s Verification
- Photo Driving License
For Address Proof:
- Telephone Bill
- Electricity Bill
- Memorandum and Articles of Association
- Certification of Incorporation
**The following companies are also applicable for a Used Car Loan Machhiwara:
- Sole Proprietorship
- Partnership Firms
- Private Limited Companies
- Public Limited Companies
Used Car Loan Machhiwara Eligibility Criteria
Following points need to be kept in mind while checking the Car loan Eligibility criteria:
Salaried Individual:
- Minimum Work Experience: People with job experience for a minimum of 2 years and a minimum of 1 year with the current employer.
- Minimum Earning: People earning a minimum of Rs. 2.5 lakhs yearly, the income of the spouse can be considered as included with the candidate’s income.
- Age Limit: People having the age of 21 years when applying for the loan, and a maximum of 60 years of age at the end of the loan maturity period.
- Professionals- a doctor, CAs, private limited company employee, employees from public sector undertakings including central, state, and local bodies.
Self Employed***:
- Owners of a private company in manufacturing, trading, or service undertakings.
- Rs. 2.5 lakhs per year should be a minimum remuneration.
- Individuals who have an office landline number.
***The following firms are also eligible for a Used Car Loan Machhiwara:
- Sole Proprietorship
- Partnership Firms
- Public Limited Companies
- Private Limited Companies
- Hindu Undivided Family: To obtain the loan amount, a person must meet the Eligibility criteria for a car loan.
Used Car Loan for Major Car Manufacturers in Machhiwara
TABLE WILL APPEAR
Processing Fees / Prepayment Charges on Used Car Loan Machhiwara
Pre Calculated EMI Table for Used Car Loan Machhiwara
Used Car Loan EMI Calculator Machhiwara
About Machhiwara
Machhiwara is an old city named after Sri Machhiwara Sahib recognised for Gurudwara Sri Charan Kanwal Sahib, located in the Punjab state of India.
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