Best Banks for Used Car Loan in Palitana
Used Car Loan Palitana Features
In some families where there is no car, they get confused sometimes either to lease a car or buy a car when needed. The right answer to this confusion is to buy a car.
If you don’t have enough amount to buy your favourite car then apply for a used car loan and get a car.
- Altered repayment plans are accessible with the effectively payable portions.
- Doorstep administration and simple documentation facility available for our clients.
- Easy repayment plans beginning from a year to facilitate the weight.
- Customized help and warning by our exceptionally prepared specialists to pick a vehicle that meets your needs.
- You may likewise acquire up to 100% of the estimation of the vehicle to the estimation of 3-6 times your yearly compensation.
- Get 85% of the estimation of the vehicle as a credit sum for a long time without pay evidence confirmation.
- Car at its maturity age should not exceed 10 years, with the greatest loan benefit until 60 months.
- You can get a credit up to Rs.2.5 crore on the worth of the car to maximize the benefit for you.
- 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.
*Terms and Conditions Apply
Used Car Loan Palitana 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 Palitana Documents Required
documents required for a car loan are mentioned here-under:
For Salaried Individuals:
For Identity and Address Proof:
- Valid Passport
- Permanent Driving license
- Letter issued by the National Population Register mentioning name & address
- Voters ID Card
- 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**:
Income proof: Latest ITR and audited balance sheet with profit & loss account.
Age proof: Certificate of Incorporation/Memorandum and Articles of Association.
Identity proof: Certificate of Incorporation/ Memorandum and Articles of Association.
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 following companies are also applicable for a Used Car Loan Palitana:
- Sole Proprietorship
- Partnership Firms
- Private Limited Companies
- Public Limited Companies
Used Car Loan Palitana Eligibility Criteria
eligibility criteria for a car loan are the completion of the following conditions:
Salaried Individual:
- Minimum Work Experience: Individuals who have job experience for a minimum of 2 years and a minimum of 1 year with the current employer.
- Minimum Earning: People earning a minimum of Rs. 2,50,000 annually, the income of the spouse can be considered as included with the candidate’s income.
- Age Limit: Individuals having the age of 21 years when applying for the loan, and a maximum of 60 years of age at the end of the loan maturity period.
- Professional practitioners a doctor, CAs, private limited company employee, employees from public sector undertakings including central, state, and local bodies.
Self Employed***:
- Individuals who own a private company in the business of manufacturing, trading, or service undertakings.
- Rs. 2,50,000 per year should be a minimum remuneration.
- Individuals who have Palitana office landline number.
***The following companies are also eligible for a Used Car Loan Palitana:
- Sole Proprietorship
- Partnership Firms
- Public Limited Companies
- Private Limited Companies
Used Car Loan for Major Car Manufacturers in Palitana
TABLE WILL APPEAR
Processing Fees / Prepayment Charges on Used Car Loan Palitana
Pre Calculated EMI Table for Used Car Loan Palitana
Used Car Loan EMI Calculator Palitana
About Palitana
Pālītāṇā is the first of the two vegetarian cities in the world and is a major pilgrimage centre for Jains in Gujarat, India.
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