Used Car Loan Raikot

Best Banks for Used Car Loan Raikot 

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 Raikot Features

Advance Amount

• Avail of loan up to Rs. 2.5 crore on a wide range of preowned cars and multi-utility vehicles
• Get between 3 to multiple times your yearly pay, and get up to 100% of the estimation of the car* *Age of Car at credit development ought not to cross 10 years, subject to the most extreme advance residency of 60 months

Unequaled help

• Advantage from start to finish warning – from examination to title move
• Get customized help to pick a vehicle that meets your particular needs
• Profit of altered and helpful reimbursement plans with pocket-accommodating EMIs

Adaptable Repayment Tenure

• Adaptable reimbursement residencies from a year to 60 months
• Fast and simple Processing and endorsement
• Experience straightforward issue free preparing, fast endorsements, and quick disbursals
• Track your application whenever, anyplace. Get announcements about your credit application at each stage
• Appreciate doorstep administration and speedy and simple documentation
• Check your advance qualification in only 60 seconds

Loans without income proof

• Get 80% of the estimation of the vehicle as to the advance sum for a long time without pay confirmation
• Get 85% of the estimation of the vehicle as to the advance sum for a long time without pay confirmation

Used Car Loan Raikot 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 Raikot Documents Required

Essential documents required for Used Car Loan Raikot:

Salaried Individuals:

Any of the following can be the identity proof:

1. Substantial Passport
2. Lasting Driving permit [recent, decipherable, laminate]
3. Citizens ID Card
4. Occupation card given by NREGA.
5. The letter gave by the National Population Register containing subtleties of name and address.

All the accompanying archives as evidence of salary:

1. Most recent Salary Slip
2. Most recent Form 16/Latest ITR
3. Last 6 months bank statement

Any of the accompanying assign confirmation verification:

1. Identification Copy
2. Photograph Driving License with DOB (later, readable, covered)
3. Financial record with Credit Card Copy
4. Broker’s Verification
5. Duplicate of Margin Money Paid to the Bank

Self-employed Individuals

• Update and Articles of Association/Certificate of that are Proof of age
• Update and Articles of Association/Certificate of Incorporation as personality verification.
• Most recent ITR and reviewed monetary record alongside benefit and misfortune account as verification of salary
• Any of the accompanying archives as address evidence

Notice and Articles of Association, Affirmation of Incorporation, Phone Bill,Power Bill

• Any of the following can be 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 Raikot Eligibility Criteria

The criteria to be met to avail a Used Car Loan Raikot:

Salaried Individuals:

1. This incorporates specialists, CAs, representatives of private restricted organizations, workers from public area endeavors, including local, state, and neighborhood bodies
2. People who are at least 21 years at the time of applying and a maximum of 60 toward the finish of the credit residency
3. Those who’ve worked for a company for 2 years, with at least 1 year with the current manager
4. The individuals who earn at least Rs. 2,50,000 every year, including the salary spouse.

Self Employed Individuals:

1. The individual must own a  private organization in the matter of assembling, exchanging, or benefits
2. Should earn at any rate Rs. 2,50,000 for every annum
3. The individuals should have a business landline.

Used Car Loan for Major Car Manufacturers in Raikot

TABLE WILL APPEAR

Processing Fees / Prepayment Charges on Used Car Loan Raikot

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 Required for Used Car Loan in Raikot

Used Car Loan Raikot Contact Number

In case of any queries regarding the Used car loan Raikot, you may contact on the number 9878981166 for any sort of assistance. Or for any further assistance, you can also visit us on our website Dialabank.

Pre Calculated EMI Table for Used Car Loan Raikot 

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

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About Raikot 

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