Used Car Loan Nagpur

I have read the Privacy Policy & Agree to Terms & Conditions and authorize Dialabank & its partner institutions to Call or SMS me with reference to my application.

Buy Your Dream Car

Rates as low as 11.99%*
Up to 100% Funding
Doorstep Service
Hassle-free Disbursal
Unbiased Experts Advice

Used Car Loan Nagpur

Used Car Loans in Nagpur

In today’s world, buying a car is a tough task as the prices of buying a car are touching the sky. Not many have the funds in their bank account to buy a used vehicle, let alone a brand new car.Nagpur

The best possible solution to this problem is availing a Used Car Loan that offers monetary help to those who wish to buy a pre-owned vehicle.

Best Banks for a Used Car Loan in Nagpur

Nagpur

  • HDFC Bank
  • Axis Bank
  • Corporation Bank
  • Canara Bank

Used Car Loan Nagpur FeaturesNagpur

  • Loan Amount Avail of loans up to Rs.2.5 crore on a wide range of used cars and multi-utility vehicles.
  • Flexible Repayment Tenure – Flexible repayment tenures from 12 months to 84 months.
  • The car model should not be older than 5 years from the present time
  • Flexible repayment options, which range from 12 to 60 months
  • Hassle-free loans – no post-dated cheques required
  • Finance up to 92% of the car’s value
  • Choose any car available in India
  • Repay your Loan with easy EMIs
  • Easy and simple documentation.
  • Loan approvals within 24 hours.
  • Quick and easy Processing
  • Attractive interest rates.
  • Unmatched Service
  • Buying assistance

 Used Car Loan Nagpur Interest Rates

Banks/Rates New Car Loan Interest Rate (Reducing) Used Car Loan  Interest Rate (Reducing) Processing Fee Get The Best Offers
HDFC Bank 10.00% – 11.00% 13.99% – 15.50% Rs. 999 to Rs. 4300 Apply Now
Axis Bank 10.25% – 11:25% 14.50% to 16% Rs. 3500 to Rs. 5500 Apply Now
Bank of Baroda 10.75% N.A. 0.75% Up to 15 Lac Apply Now
Kotak Mahindra Bank 11.50% – 13.50% 17% – 20% Rs.3300 to Rs.4750 Apply Now
Punjab National Bank 10.75% to 11% NA 0.5% to 1.5% Apply Now
State Bank Group 10.50% 17.05% to 17.30% 0.50% Apply Now
Private Bank 10.50% to 11.75% 16.50% to 18.00% Rs.2500 to Rs.5000 Apply Now
Bank of India 10.50% to 13.50% 13.50% to 14.50% 0.50% to Rs.25000 Apply Now
Canara Bank 12.50% Fixed N.A 0.10% of Loan Amount Apply Now
Corporation Bank 13.75% N.A 0.50% Apply Now
To check Car Loan Interest Rate for all major banks you can visit: Car Loan Interest Rates
 

Documents Required for Used Car Loan Nagpur

An individual must check the documents required for a car loan before deciding.

Salaried Individuals

Any of the following documents as identity or address proof:

    • Valid Passport
    • Permanent Driving license
    • Voters ID Card
    • Job card issued by NREGA
    • Letter issued by the National Population Register containing details of name & address

All the following documents as proof of income:

    • Latest Salary Slip
    • Latest Form 16/Latest ITR
    • HDFC Bank corporate salary account statement for salary credits above Rs. 80,000 for the previous 3 months

    Any of the following assign verification proof:

    • Passport Copy
    • Photo Driving License with DOB
    • Credit Card Statement with Credit Card Copy
    • Banker’s Verification
    • Copy of Margin Money Paid to the Bank

    Self Employed Individuals (Sole Proprietorship):

    Any of the following documents as address proof:

    • Memorandum and Articles of Association
    • Certification of Incorporation
    • Telephone Bill
    • Electricity Bill

    Any of the following assign verification proof:

    • Passport Copy
    • Photo Driving License with DOB
    • Credit Card Statement with Credit Card Copy
    • Banker’s Verification
    • Copy of Margin Money Paid to the Bank

    The following people are eligible to apply for a Pre-Owned Car Loan in Nagpur:

    The car loan eligibility requirements are as followed in Nagpur:

    Salaried Individuals:

      • This includes doctors, CAs, employees of private limited companies, employees from public sector undertakings, including central, state and local bodies
      • Individuals who are a minimum of 21 years of age at the time of applying for the loan, and no older than 60 at the end of the loan tenure
      • Individuals who have had a job for at least 2 years, with a minimum of 1 year with the current employer
      • Those who earn a minimum of Rs. 2,50,000 per year, including the income of the spouse

    Self Employed Individuals (Sole Proprietorship):

        • This includes self-employed sole proprietors in the business of manufacturing, trading or services
        • Individuals who are a minimum of 25 years of age at the time of applying for the loan, and no older than 65 at the end of the loan tenure
        • Those who have been in business for a minimum of 3 years
        • Should earn at least Rs. 2,50,000 per annum

Car Loan For Other Cities in Maharashtra

Used Car Loan Wardha Used Car Loan Rahuri
Used Car Loan Satara Used Car Loan Ratnagiri
Used Car Loan Thane Used Car Loan Akot
Used Car Loan Chandrapur Used Car Loan Parola