Best Banks for Used Car Loan in Raisen
Used Car Loan
Raisen Features
A Used Car Loan Raisen can be availed by the people who are intending to buy a pre-owned car.
The features of Used Car Loan Raisen include:
- Availability of 85% value of the car as a loan amount for five years without income proof.
- You can avail a loan up to Rs.2.5 crore on pre-owned car’s worth.
- Enjoy doorstep service and easy documentation facilities offered by DialaBank.
- It is important to check and maintain cibil score.
*Terms and Conditions Apply
DialaBank brings in various easy-on-pocket loans with the most feasible interest rates in Raisen city.
Used Car Loan Raisen Interest Rates
Given below are details on car loan 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 Raisen Documents Required
Below are the documents required for car loan
For Salaried Individuals:
For Identity and Address Proof:
- Passport
- Driving license
- The letter assigned by 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
- Passport Copy
- Credit Card Statement and its Copy
- Banker’s Verification
- Copy of Margin Money Paid to Bank
For Self Employed**:
Income verification proof: Latest ITR and audited balance sheet with profit & loss account.
Identity verification proof: Memorandum and Articles of Association/ Certificate of Incorporation.
Age verification 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 verification Proof:
- Telephone Bill
- Electricity Bill
- Memorandum and Articles of Association
- Certification of Incorporation
**The companies applying for a Used Car Loan Raisen can be any of the following:
- Sole Proprietorship
- Partnership Firms
- Private Limited Companies
- Public Limited Companies
Used Car Loan Raisen Eligibility Criteria
The eligibility criteria for car loan is described below. The people eligible to apply for a Pre-Owned Car Loan in Raisen can be any of the following:
Salaried Individual:
- Minimum Job Experience: Individuals with a minimum of 2 years as total job experience and a minimum of 1 year with the current employer, can apply for a used car loan.
- Professional practitioners: Private and public limited company employees including central, state and local governing bodies, Doctors and CAs, can apply for a used car loan.
- Minimum Earning Capacity: The people earning a minimum of Rs. 2,50,000 on yearly basis, including the income of the spouse, can apply for a used car loan.
- Age Limit: People qualifying a least of 21 years of age when seeking for the credit, and a maximum of 60 years of age at the closure of the loan maturity period are eligible.
Self Employed***:
- People who own a private organisation in the market of manufacturing, buying and selling, or service sectors.
- Rs. 2,50,000 per year should be a minimum remuneration should be received by you.
- Individuals who have provided us with an office landline number.
***The companies eligible for a Used Car Loan Raisen can be any of the following:
- Sole Proprietorship
- Partnership Firms
- Public Limited Companies
- Private Limited Companies
Used Car Loan for Major Car Manufacturers in Raisen
TABLE WILL APPEAR
Processing Fees / Prepayment Charges on Used Car Loan Raisen
Pre Calculated EMI Table for Used Car Loan Raisen
Used Car Loan EMI Calculator Raisen
Car Loan EMI Calculator Online.
About Raisen
Raisen is a city famous for Raisen fort, Dargah, and Sanchi Stupa acquires its name from a large fort at the tip of a mountain, the leading international university located at Sanchi Town of the Madhya Pradesh of India.
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