Used Car Loan Rajam

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Best Banks for Used Car Loan Rajam

Used Car Loan Rajam Features

used car loan Rajam The car has become an essential use for many years now. The use of cars has been increasing day by day. The industry hence of used cars is also increasing in the market. To deal with this, the banks and other loan providing agencies have started with the used car loan. Hence, the used car loans are getting pace and are now effectively used.

A regular need for cars and pre-used cars has increased the loan demands in banks. The many related characters for the loans of used cars.

The Fundamental features of Used car loan Rajam are:

The prevailing Interest rate is low and affordable.
The process of document verification is easily accessible.
Dialabank is efficient for used car loans.
The CIBIL score of the applicant needs to be more than 700.
A great number of banks and NBFCs are ready for advancing the loan.
The used car loan is gaining demand.

Used Car Loan Rajam Interest Rate

Details on the car loan interest rate are given below:

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 Rajam Documents Required

Details on the documents required for car loan are mentioned below:

For Self Employed:-

Proof of identity: PAN Card, Voters ID card, Copy of a passport, Driving License
Income Proof: Latest 3-month salary slip with form 16
Proof of residence: Driving license / Voters card / Passport Copy
Statement of Bank: Last 6 months.

For Salaried:-

Proof of Identity: PAN Card, Voters ID card, Copy of a passport, Driving License
Income Proof: Latest Income tax returns (ITR)
Proof of residence: Voters card / Passport Copy / Driving license
Statement of Bank: Last 6 months

Used Car Loan Rajam Eligibility Criteria

Eligibility criteria for car loan are discussed below:

For Salaried:-

Minimum age: 21years
Maximum age at loan maturity: 60 years
Minimum employment: 1 year in current employment and a minimum of 2 years of employment
Minimum Annual Income: 2,50,000 annually

For Self-Employed:-

Minimum age: 25 years
Maximum age at loan maturity: 65 years
Minimum employment: at smallest 3 years in sales
Minimum Annual Income: 2,50,000 annually

How to Apply for used Car Loan in Rajam?

Availing a used car loan in Rajamr is an easy process with DialaBank. Follow the following steps to avail the best offers:

Visit our site Dialabank. Snap-on the used car loan choice accessible in the menu.
Fill in the insights about the car type and your salary.
Hold up as our relationship supervisor will before long connect with you on your given number.
You may likewise contact our relationship chiefs on the number 9878981166 if there should arise an occurrence of any inquiries with respect to the credit required.
For profiting a used car loan disconnected you should visit the branch by and by, which may go to be chaotic for you.

Car Loan for Major Car Manufacturers in Rajam

Processing Fees / Prepayment Charges on used Car Loan Rajam

The processing fee with Diaabank is a little amount to make the work smooth and is a really small amount of the loaned out capital.

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
Prepayment Charges	>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

Used Car Loan Rajam Contact Number

In case of any queries regarding the used car loan in Rajam, you may contact on the number 9878981166 for any sort of assistance.

Pre Calculated EMI Table for Used Car Loan Rajam

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 Rajam

Rajam is a town in the Srikakulam area of the Indian territory of Andhra Pradesh. It is a Nagar panchayat and the central command of Rajam Mandal. Rajam is situated at 18.28N 83.40E. It has a normal height of 42 meters (137 feet).

Rajam Nagar panchayat established in the year 2005. It is spread over a region of 27.65 km2 (10.68 sq mi) and has 20 political decision wards. Each spoke to by a ward part and the wards advisory group is going by a chairperson.[6] The present city chief of the town is P.Simhachalam.

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