Best Banks for Used Car Loan in Madhubani
Used Car Loan Madhubani Features
Availing a Used Car Loan Madhubani can give you the subsequent benefits:
- One may seek to maximize the car value up to 100% depending upon the value of three times your annual earnings which is convenient and customized repayment plans available with the easily payable instalments.
- A good CIBIL score is an unsaid requirement as it provides an insight to the provider about your financial behaviour.A good CIBIL score provides an opportunity to negotiate and reduce the car loan interest rate to a certain extent.
- Flexible repayment period starting from twelve months to ease the burden on your pockets and get personalized help by our highly trained experts to choose a car that meets your wants.
- On Car loan maturity age shall not exceed 10 years, with a maximum loan tenure of 60 months and enjoy doorstep service and easy documentation for our customers and avail a loan up to Rs.2.5 crore on the pre-owned value of the said vehicle.
*Terms and Conditions Apply
Dialabank present their best picks for a used car loan all across Madhubani!
Used Car Loan Madhubani Interest Rates
|
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 Madhubani Documents Required
documents required for a car loan are mentioned here-under:
For Salaried Individuals:
For Identity and Address Proof:
- Passport
- Voters ID Card
- Driving license
- Letter issued by the National Population Register mentioning name & address
- Job card provided 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**:
Identity and Age proof: Memorandum and Articles of Association/ Certificate of Incorporation.
Remuneration proof: Latest Income Tax Return records and audited balance sheet with profit & loss account.
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 companies are also applicable for a Used Car Loan Madhubani, which are:
- Sole Proprietorship
- Partnership Firms
- Private Limited Companies
- Public Limited Companies
Used Car Loan Madhubani Eligibility Criteria
eligibility criteria for a car loan are the completion of the following conditions:
Salaried Individual:
- Minimum Earning: Candidate earning a minimum of Rs. 2,50,000 annually (the income of the spouse can be considered as included with the candidate’s income) are eligible.
- Minimum Work Experience: Individuals having a work experience of a minimum of 2 years, also a minimum of 1 year with the current employer are eligible.
- Age Limit: Individuals having 21 years of age or above at the time of applying for the loan, and not exceeding 60 years of age at the end of the loan maturity period are eligible.
- Professional practitioners: doctor, CAs, private limited company employee, employees from public sectors including central, state, and local bodies are eligible.
Self Employed***:
- Individuals who own a private company in the business of manufacturing, trading, or service undertakings are eligible.
- Rs. 2,50,000 per year should be a minimum remuneration are eligible.
- Individuals who have an office landline number are eligible.
***The companies are also eligible for a Used Car Loan Madhubani. They can be:
- Sole Proprietorship
- Partnership Firms
- Public Limited Companies
- Private Limited Companies
Used Car Loan for Major Car Manufacturers in Madhubani
TABLE WILL APPEAR
Processing Fees / Prepayment Charges on Used Car Loan Madhubani
Pre Calculated EMI Table for Used Car Loan Madhubani
Used Car Loan EMI Calculator Madhubani
About Madhubani
Madhubani is one of the thirty-eight districts of Bihar state of India. The world-famous Madhubani art was traditionally created by the women of various communities in the Mithila region of India and Nepal.
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