Used Car Loan Rasipuram

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Used Car Loan Rasipuram

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 used car loan in Rasipuram

  • 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

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Used Car Loan Rasipuram Documents Required

 Salaried Individuals:

Any of the accompanying archives as personality and Address Proof:

  1. Substantial Passport
  2. Lasting Driving permit [recent, decipherable, laminate]
  3. Citizens ID Card
  4. Occupation card gave 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. Latest Salary Slip
  2. Latest Form 16/Latest ITR
  3. Most recent a half year bank articulation

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

  1. Update and Articles of Association/Certificate of Incorporation as age proof
  2. Update and Articles of Association/Certificate of Incorporation as character confirmation
  3. 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:

  1. Notice and Articles of Association
  2. Insistence of Incorporation
  3. Phone Bill
  4. Power Bill

Any of the accompanying assign confirmation verification:

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

Used Car Loan Rasipuram Eligibility Criteria

Salaried Individuals:

  1. This fuses experts, CAs, delegates of private confined associations, laborers from public territory attempts, including central, state, and neighborhood bodies
  2. 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
  3. Individuals who have had work for in any occasion 2 years, with at any rate 1 year with the current chief
  4. The people who acquire in any event Rs. 2,50,000 consistently, including the payment of the partner

Self Employed Individuals:

  1. This consolidations people who own a private relationship in the matter of gathering, trading, or central focuses
  2. Should secure at any rate Rs. 2,50,000 for each annum
  3. People who have an office landline

Used Car Loan for Major Car Manufacturers in Rasipuram

TABLE WILL APPEAR

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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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