Best Banks for Used Car Loan Patratu
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 Patratu Features
Are you looking for a Used Car Loan in Patratu? Then you’ve arrived at your destination with Dialabank.
Used Car Loans are the most convenient loans that allow the buyer to easily pick the car of their choice. With such easy Used Car Loans having a car is no more a dream!
These loans are hassle-free and do not constrain the buyer and allow them to explore as many as options they want.
- Used Car Loans have flexible repayment options ranging from 12 to 60 months.
- Attractive deals are available with the lowest interest rates
- Quick and super convenient processing of the loan in few easy steps.
- In case of any buying assistance or any loan-related query assistance available at Dialabank.
Used Car Loan Patratu Interest Rate
Get affordable interest rates on Used Car Loan Patratu. Details on the car loan interest rate are given below:
To check Car Loan Interest Rate for all major banks you can visit: Car Loan Interest Rates
Used Car Loan Patratu Documents Required
Details on the documents required for car loan are mentioned below:
Salaried Individuals:
Identity and Address Proof: Valid Passport/ A Permanent Driving license [recent, legible, laminate]/ Voters ID Card/ Job card issued by NREGA/ Letter issued by the National Population Register containing details of name & address
Income Proof: The Latest Salary Slip and the Latest Form 16
Any of the following can be used as the proof of the signature of the applicant:
- The Passport Copy
- Photo Driving License with DOB (recent, legible, laminated)
- Credit Card Statement with Credit Card Copy
- Banker’s Verification
Self-employed Individual
Address Proof: Memorandum and articles of association/ Electricity Bill/ Telephone Bill/ Certificate of incorporation
Signature Proof:
- Passport copy
- driving license copy with DOB
- Credit card statement with credit card copy
- Banker’s verification
- Copy of Margin money paid to the bank.
The Memorandum and Articles of Association/Certificate of Incorporation as proof of age.
The Memorandum and Articles of Association/Certificate of Incorporation as proof of identity.
The Latest ITR and audited balance sheet along with profit & loss account as proof of income of the applicant are obligatory.
Used Car Loan Patratu Eligibility Criteria
The details on eligibility criteria for car loan are mentioned below:
Salaried Individuals:
- The individual from Patratu should be an employee of any of the Pvt. Ltd. company, doctor, CA, lawyer, public sector undertaking that includes local, state, or central bodies.
- The individual from Patratu must be a minimum of 21 years of age while applying for a loan and a maximum of 60 at the time of tenure closure of the loan.
- Should possess an employment experience of at least 2 years in any company along with documented proof of 1-year employment in the current company.
- The income criteria are the individual should earn a minimum of 2,50,000 per annum inclusive of the applicant’s spouse’s earning.
Self Employed Individuals:
- The individual must be the sole proprietor of the organization that he/she operates
- The applicant should earn at any rate an amount of Rs. 2,50,000 for every annum
- A business or residence telephone connection is mandatory.
Used Car Loan for Major Car Manufacturers in Patratu
TABLE WILL APPEARProcessing Fees / Prepayment Charges on Used Car Loan Patratu
CIBIL Score Required for Used Car Loan Patratu
The CIBIL score is considered to be what characterizes your capacity to take care of your credits. A higher Credit score simply implies smooth and easy processing of the applicant’s application for a Used Car Loan. The CIBIL score of the applicant needs to be more than 700.
Generally, banks and NBFCs consider a FICO assessment of 720 or more as a decent score to affirm your credit application measure for Used Car Loan Patratu. This score may again vary from bank to bank. In the event of a low CIBIL score than the necessary worth, you will be needed to pay a high rate financing cost on the credit sum while on the off chance that your CIBIL score is acceptable, at that point you may need to pay a low pace of intrigue.
Used Car Loan Patratu Contact Number
In case of any queries or confusion regarding the Used car loan Patratu, you may contact on the number 9878981166 for any sort of assistance. Or for any further assistance, you can also reach out to us on our website Dialabank.
Pre Calculated EMI Table for Used Car Loan Patratu
About Patratu
Patratu is a census town in Patratu (community development block) of the Ramgarh district in the Indian state of Jharkhand. Transportation services roadways, airways, and railways are all available in Patratu. Hindi and Khorta are the languages used in Patratu.
Used Car Loan EMI Calculator