Best Banks for Used Car Loan in Rasipuram
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 Rasipuram Features
Advance Amount
- Avail over the pre-owned loan on in accordance together with Rs. 2.5 crore extremity concerning a considerable extent over pre-owned automobiles yet multi-utility cars
- Get between 3 to different events your yearly remuneration, and get up to 100% of the appraisal of the car* *Age of Car at credit improvement ought not to cross ten years, the problem in imitation of the just surprise advancement prefecture concerning 60 months.
Unequaled help
- Preferred position through yet via note – beside evaluation to denominate move
- Get altered help in accordance with pick out an automobile so much meets thine unique needs
- The knowledge about revamping and supportive compensation plans with pocket-obliging EMIs
Adaptable Repayment Tenure
- Versatile compensation residencies beyond a year in conformity with 60 months
- Surprising and chief Processing and sponsorship
- Experience get trouble fair sifting through, obliging sponsorships, then acute disbursals
- Track your software at something point, wherever. annex proclamations respecting you deposit software at every board
- See doorstep affiliation and obliging and significant documentation
- Check your enhancement rule within simply 60 seconds
Loans without income proof
- Get 80% of the assessment of the vehicle concerning the progression total for quite a while without pay confirmation
- Get 85% of the assessment of the vehicle concerning the progression total for quite a while without pay confirmation
Used Car Loan Rasipuram 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 Rasipuram Documents Required
Salaried Individuals:
Any of the accompanying archives as personality and Address Proof:
- Substantial Passport
- Lasting Driving permit [recent, decipherable, laminate]
- Citizens ID Card
- Occupation card gave by NREGA
- The letter gave by the National Population Register containing subtleties of name and address
All the accompanying archives as evidence of salary:
- Latest Salary Slip
- Latest Form 16/Latest ITR
- Most recent a half year bank articulation
Any of the accompanying assign confirmation verification:
- Identification Copy
- Photograph Driving License with DOB (later, readable, covered)
- Financial record with Credit Card Copy
- Broker’s Verification
- Duplicate of Margin Money Paid to the Bank
Self-employed Individuals
- Update and Articles of Association/Certificate of Incorporation as age proof
- Update and Articles of Association/Certificate of Incorporation as character confirmation
- Latest ITR and looked into financial record close by advantage and disaster account as a check of compensation
Any of the accompanying archives as address evidence:
- Notice and Articles of Association
- Insistence of Incorporation
- Phone Bill
- Power Bill
Any of the accompanying assign 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 Rasipuram Eligibility Criteria
Salaried Individuals:
- This fuses experts, CAs, delegates of private confined associations, laborers from public territory attempts, including central, state, and neighborhood bodies
- Individuals who are at any rate 21 years of age at the hour of applying for the development, and not any more settled than 60 close to the completion of the credit residency
- Individuals who have had work for in any occasion 2 years, with at any rate 1 year with the current chief
- The people who acquire in any event Rs. 2,50,000 consistently, including the payment of the partner
Self Employed Individuals:
- This consolidations people who own a private relationship in the matter of gathering, trading, or central focuses
- Should secure at any rate Rs. 2,50,000 for each annum
- People who have an office landline
Used Car Loan for Major Car Manufacturers in Rasipuram
TABLE WILL APPEAR
Processing Fees / Prepayment Charges on Used Car Loan Rasipuram
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
|
Pre Calculated EMI Table for Used Car Loan Rasipuram
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 |
Used Car Loan EMI Calculator Rasipuram
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