Best Banks for Used Car Loan in Muradnagar
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 Muradnagar Features
Advance Amount
- Revenue of advances as much a good deal as much Rs.2.5 crore concerning a massive scope over trade-in motors yet multi-utility automobiles
- Annex in three in imitation with more than one times your yearly pay, and find above in accordance with a hundred percent concerning the fixity about the car* *Age over Car at credit improvement duty no longer in pursuance with going 10 years, subject according to the auspicious enhance house over 60 months
Unequaled help
- Benefit beside establishing in conformity with finding a geared up warning – from examination in imitation of consciousness move
- Get personalized assist outdoors a car loan online that meets thine unique needs
- Profit on tweaked yet superb compensation plans together with pocket-accommodating EMIs
Adaptable Repayment Tenure
- Versatile indemnification residencies beyond a length concerning twelve months according to 60 months
- Astonishing and solution Processing yet backing
- Experience get history free filtering through, keen sponsorships, and poignant disbursals
- Visual show unit thy application at regardless over point, any place. receive verifications pretty you score well at then each and every stage
- See doorstep sit then prepared yet brain documentation
- Procure a have you increment avert within precisely sixty seconds
Loans without income proof
- Get 80% of the appraisal of the vehicle concerning the movement absolute for a long time without pay affirmation
- Get 85% of the appraisal of the vehicle concerning the movement complete for a long time without pay affirmation
Used Car Loan Muradnagar 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
Used Car Loan Muradnagar Documents Required
Salaried Individuals:
The documents required for car loan are :
Any of the accompanying archives as personality and Address Proof:
- Substantial Passport
- Lasting Driving permit [recent, decipherable, laminate]
- Citizens ID Card
- Occupation card gave by NREGA
- The letter gave by the National Population Register containing subtleties of name and address
All the accompanying archives as evidence of salary:
- Most recent Salary Slip
- Most recent Form 16/Latest ITR
- Last 6 months bank statement
Any of the accompanying assign confirmation verification:
- Identification Copy
- Photograph Driving License with DOB (later, readable, covered)
- Financial record with Credit Card Copy
- Broker’s Verification
- Duplicate of Margin Money Paid to the Bank
Self-employed Individuals:
- Update and Articles of Association/Certificate of Incorporation as age proof
- Update and Articles of Association/Certificate of Incorporation as character confirmation
- Latest ITR and looked into financial record close by advantage and disaster account as a check of compensation
Any of the accompanying archives as address evidence:
- Notice and Articles of Association
- Affirmation of Incorporation
- Phone Bill
- Power Bill
Any of the accompanying assign confirmation verification:
- Visa Copy
- Photograph Driving License with DOB (later, clear, covered)
- Financial record with Credit Card Copy
- Investor’s Verification
- Duplicate of Margin Money Paid to the Bank
Used Car Loan Muradnagar Eligibility Criteria
Salaried Individuals:
The eligibility criteria fro car loan are :
- This fuses experts, CAs, delegates of private confined associations, laborers from public territory attempts, including central, state, and neighborhood bodies
- Individuals who are at any rate 21 years of age at the hour of applying for the development, and not any more settled than 60 close to the completion of the credit residency
- Individuals who have had work for in any occasion 2 years, with at any rate 1 year with the current chief
- The people who acquire in any event Rs. 2,50,000 consistently, including the payment of the partner
Self Employed Individuals:
- This consolidates people who own a private association in the matter of amassing, trading, or advantages
- Should obtain at any rate Rs. 2,50,000 for each annum
- People who have an office landline
Used Car Loan for Major Car Manufacturers in Muradnagar
TABLE WILL APPEAR
Processing Fees / Prepayment Charges on Used Car Loan Muradnagar
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
|
>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 Muradnagar
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 |
Used Car Loan EMI Calculator Muradnagar