Used Car Loan Mandi

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Best Banks for Used Car Loan in Mandi

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 Mandi Features

Used Car Loans are open at low-interest rates
Enjoy special pricing
Practice easy, hassle-free processing, quick support, and fast disbursals
Trace your application anytime, anywhere. Get situation updates about your credit demand at every step
Avail of customized and convenient repayment programs with pocket-friendly EMIs
Nearly all central banks and NBFCs offer Used Car Allowances in Mandi
The documentation method is fast and hassle-free
Used Car Loans are easily accessible through DialaBank
Get 80% of the value of the car as a loan amount for three years without income proof
Get 85% of the value of the vehicle as a loan amount for five years without income proof

Used Car Loan Mandi 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

Apply for a Car Loan

Used Car Loan Mandi Documents Required

Documents required for car loan are as followed:

For Salaried:

Identity and residence proof:

Valid Passport
Voter ID Card
Permanent Driving License
Job Card
Letter issued by the National Population Register

Income proof:

Latest Salary Slip
Latest Form 16/Latest ITR
Bank statement of the last six months

Signature proof:

Passport Copy
Photo Driving License with DOB
Credit card statement with Credit Card Copy
Banker’s verification

For Self Employed:

Age proof, the records required are Memorandum also Articles of Association/Certificate of Business
Identity proof, the documents needed are Memorandum also Articles of Association/Certificate of Business
Income Proof, there is a condition of the Most modern ITR and balance sheet with profit and loss assertion
Address Proof Documents: Memorandum also Articles of Association, Telephone Bill, Certificate of Incorporation, Electricity Bill
Sign Confirmation Proof: Passport Copy, Credit Card Statement, Photo Driving Permit with DOB, Banker’s Confirmation

Also, the used Used Car Loan can be obtained in the following example of firms as well:

Partnership Firms
Sole Proprietorship
Public Limited Companies

Used Car Loan Mandi Eligibility Criteria

Documents required for car loan are as followed:

For Salaried:-

Minimum age: smallest age criteria is 21 years
Maximum age at loan maturity: most age criteria is 60 years
Minimum employment: 1 year in the current job and two working years of work
Minimum Annual Income: Rs. 2,50,000 net annual income

For Self-Employed:-

Minimum age: 21 years
Maximum age at loan maturity: 60 years
Minimum employment: 3 years
Minimum Annual Income: Rs. 2,50,000 per annum

The following type of firm are also eligible to take a pre-owned Used Car Loan Mandi:

Sole Proprietorship
Partnership Firms
Public Limited Companies
Hindu Undivided Family

How to Apply for Used Car Loan in Mandi?

Availing a Used Car Loan Mandi is an easy process with DialaBank. Presently you need to follow the following steps to help the best offers on loan:

Visit our website Dialabank
Click on the Used Car Loan opportunity open in the menu bar
Fill in the aspects regarding the car type and your salary(yearly)
Wait as our connection manager will soon get in touch with you on your given number.
You may also reach our contact directors on the number 9878981166 in case of any queries concerning the loan.
For availing a Used Car Loan in Mandi 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 Mandi

TABLE WILL APPEAR

Processing Fees / Prepayment Charges on Used Car Loan Mandi

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

Pre Calculated EMI Table for Used Car Loan Mandi

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 Mandi

Mandi district is one of the prime areas of Himachal Pradesh state in northern India. The municipality of Mandi is the quarters of the community. The town has excellent and historical importance and boasts of different temple building. It is connected to Chhoti Kashi as there are many old temples in the city and on the shores of river Beas.