Best/Top Banks for Used Car Loan in Puttur
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 Puttur Features
Focusing on buying a car? But don’t you have the money required for it? Never worry! There is a usable car loan for you here. A used car loan is a form of financing or financial assistance given to the borrowers by banks and other financial institutions at a fair rate to assist them in purchasing a used vehicle.
Since used cars are now a necessity for all of us, but the cost of used cars is growing increasing every day. It is here where a used car loan comes into play and completes your ambition to be the buyer of your used car dream. A used car loan in Puttur has the core aspects of:
- Discover clear, trouble-free collection, prompt permissions, and fast disbursements
- Enjoy a facility at the door and easy documents
- Obtain 80% of the driver’s worth as a loan balance for 3 years without verification of income
- Going to lend on a large variety of used cars and multi-use vehicles up to Rs.2.5 Crore
Used Car Loan Puttur 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 Puttur Documents Required
For Salaried:-
Documents Required for Car Loan
- Identity* Proof: PAN Card, Voters ID card, NREGA general contractor released, Letter obtained from the National Register of Population bearing name & address information, Passport copy, Driving License
- Address* Proof: Driving license / Voters card / Passport Copy /PAN Card / NREGA general contractor released / Letter obtained from the National Register of Population bearing name & address information
- Income* Proof: 3-month salary slip with form 16
- Bank* Statement: Last 6 months.
For Self Employed:-
- Income* Proof: Income Tax Return which will be current with wages hardcopy
- Address* Proof: Voters card / NREGA general contractor released / Letter obtained from the National Register of Population bearing name & address information / Passport Copy /PAN Card
- Identity* Proof: PAN Card, Passport copy, NREGA general contractor released, Letter obtained from the National Register of Population bearing name & address information, Driving License, Voters ID card
- Bank* Statement: Initial 6 months.
Used Car Loan Puttur Criteria for eligibility
For Salaried:-
- Minimum age*: 21 years as required
- Maximum age at loan maturity*: 60 years to its maximal
- Minimum employment*: 1 year in current company and a minimum of 2 years of work profile
- Minimum Annual Income*: Max Rs. 2,50,000 per capita
For Self-Employed:-
- Minimum age*: 25 years as in a minimum terms
- Maximum age at loan maturity*: 65 years as a maximum termed
- Minimum employment*: at 3 years in the company
- Minimum Annual Income*: Rs. 2,50,000 per annual income, plus marriage profits
How to Apply/Register for Used Car Loan in Puttur?
That provide a used car loan Puttur with DialaBank is a minor procedure. Follow the steps below to get the great offers:
- Our website Dialabank
- Click the button for a used car loan in the toolbar
- The length the information regarding the sort of used car and your income
- Wait for our sales team to get in step with you on your assigned number soon.
- In case of any doubts about the loan, you can also contact our project managers at number 9878981166.
- To make use of an offline used car loan you’ll need to visit the bank directly, which could turn out to be intense for you.
Used Car Loan for Major Used Car Producer in Puttur
TABLE WILL APPEAR
Processing Charges / Prepayment Charges on Used Car Loan Puttur
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
|
CIBIL Score Needed for Used Car Loan in Puttur
The Cibil score is considered what determines the capacity to produce the credits payable. Higher payment history means good credit history which helps the application process for your used car loan quick which easy to perform. For the most part, banks and NBFCs deem a credit score of 750 and above to be a decent score to authorize your Puttur loan online application.
This rating will vary from area to area, again. You would be obligated to pay a higher interest rate on the loan sum in case of a poor Conventional mortgage than the required value and if your Savings account is decent then you’ll have to pay a poor rate of interest. Therefore a CIBIL score in a used car loan is a key factor.
Used Car Loan Puttur Contact Number
If you’ve any requests about the used car loan in Puttur, you can approach any kind of guidance under the phone 9878981166.
Pre Calculated EMI Table for Used Car Loan Puttur
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 Puttur
Puttur is a city in the Indian division of Dakshina Kannada, in Karnataka state. It is the Puttur taluk Capital. After Mangalore, it is the second biggest and fastest-growing city in the Karnataka region of Dakshina Kannada. Here lies the Temple of Puttur Shree Mahalingeshwara.
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