Used Car Loan Mayiladuthurai

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Best Banks for Used Car Loan in Mayiladuthurai

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 Mayiladuthurai Features

Used Car Loan Mayiladuthurai Only considering buying a car? But don’t they have the funds needed for it? Make no worries! There is a used car loan for you here. A used Used car loan is a form of financing or welfare support given to people applying at an affordably priced rate of interest by banks and NBFCs to help them buy a car.

Since used cars have now become a staple for everyone, but the cost of used cars is increasing rising every day. It is here where a used car loan comes into question and satisfy your dream to be the creator of your used car illusion. In Mayiladuthurai, the important elements of a used car loan are:

Loaning on a vast array of used cars and multi-use vehicles up to Rs.2.5 Crore
Get personalized aid in finding a car that fits your unique requirements
Adjustable tenures of interest between 12 months and 84 months
Experience open, trouble-free storage, prompt inspections, and fast disbursements

Used Car Loan Mayiladuthurai Interest Rate

Check the latest interest rates of used car loan at dialabank.

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 Mayiladuthurai Documents Required

These are the documents required for used Car loan-:

For Salaried:-

Identity Proof requirement: PAN Card, Voters ID card, Passport copy, Driving License, NREGA job card given, Notice provided by the National Register of Population containing identity & delivery address
Income Proof requirement: Latest 3-month salary slip with form 16
Address Proof requirement: NREGA job card given / Notice provided by the National Register of Population containing identity & delivery address / Driving license / Voters card / Passport Copy /PAN Card
Bank Statement requirement: Last 6 months.

For Self Employed:-

Identity Proof requirement: PAN Card, NREGA job card given, Notice provided by the National Register of Population containing identity & delivery address, Voters ID card, Passport copy, Driving License
Income Proof requirement: Income Tax Return should be current with Salary slips
Address Proof requirement: Voters card / Passport Copy / Life Insurance Policy / NREGA job card given / Notice provided by the National Register of Population containing identity & delivery address / PAN Card
Bank Statement requirement: Last 6 months.

Used Car Loan Mayiladuthurai Eligibility Criteria

This is the eligibility criteria for used car loan-:

For Salaried:-

Minimum age requirement: 21 years
Minimum Annual Income requirement: Rs. 2,50,000 per annual income, plus marital profits
Maximum age at loan maturity requirement: 60 years
Minimum employment requirement: 1 year of current employment and a minimum of 2 years at employment

For Self-Employed:-

Maximum age at loan maturity requirement: 65 years
Minimum employment requirement: at most 3 years in sales
Minimum Annual Income requirement: Rs 2,50,000 per capita income
Minimum age requirement: 25 years

How to Apply for Used Car Loan in Mayiladuthurai?

Through DialaBank, getting a used car loan is a straightforward procedure for Mayiladuthurai. Follow the steps following to get the best deals:

To Website Dialabank
Visit on the used car loan option right there in the menu
Full the details regarding the form of used car and your profits
Wait for our service provider to get in contact with you about your assigned number soon.
In case of queries about the loan, you can also contact our project managers at number 9878981166.
To make use of an indirectly used car loan you’ll need to visit the library directly, which could turn out to be tiring for you.

Used Car Loan for Major Used Car Manufacturers in Mayiladuthurai

TABLE WILL APPEAR

Processing Fees / Prepayment Charges on Used Car Loan Mayiladuthurai

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 Mayiladuthurai

The Cibil score is labeled what dictates your capacity to produce your credits pay off. A higher credit score suggests a positive credit history which enables the application process for your used car loan smoother which easily scalable. Most of the time, banks and NBFCs assign a credit score of 750 and above as a suitable score for authorizing your Mayiladuthurai loan job application.

This performance will vary from state to state, again. You would be asked to pay a high rate of interest on the borrowing sum in case of a poor CIBIL score than the required value and if your Savings account is decent then you’ll have to pay a poor rate of return. Therefore a CIBIL score in a used car loan is a huge factor.

Note-: Check your CIBIL score for used car loan at dialabank.

Used Car Loan Mayiladuthurai Contact Number

If you’ve any questions concerning the used car loan in Mayiladuthurai, you can inform me for this kind of support at the number 9878981166.

Pre Calculated EMI Table for Used Car Loan Mayiladuthurai

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 Mayiladuthurai

Mayiladuthurai roughly translates as “the peacock city” Mayiladuthurai is a three-word portmanteau. Mayil tends to mean peacock, Aadum ensures dancing, and Thurai is a spot. The name “Mayiladuthurai” appears to come from a tale that asserts Parvathi who, because of a curse and worshipped Lord Shiva in the city that is today Mayiladuthurai, has given the shape of a peahen.