Used Car Loan Ratnagiri

Used Car Loan Ratnagiri

In today’s world, buying a car is a tough task as the prices of buying a car are touching the sky. Not many have the funds in their bank account to buy a used vehicle, let alone a brand new car.

The best possible solution to this problem is availing a Used Car Loan that offers monetary help to those who wish to buy a pre-owned vehicle.

Table of Contents

1. Best Banks for a Used Car Loan Ratnagiri
2. Used Car Loan Ratnagiri Features
3. Used Car Loan Ratnagiri Interest Rates
4. Documents Required for Used Car Loan Ratnagiri
5. Eligibility to apply for a Pre-Owned Car Loan Ratnagiri
6. Used Car Loan for Major Car Manufacturers in Ratnagiri
7. Used Car Loan Ratnagiri Processing Fee
8. Used Car Loan Ratnagiri Contact Number

 Best Banks for a Used Car Loan Ratnagiri

Used Car Loan Ratnagiri Features

Some other amazing used car loan Ratnagiri features include:

• Loan Amount Avail of loans up to Rs.2.5 crore on a wide range of used cars.
• Car model should not be older than 5 years from the present time.
• Flexible Repayment Tenure – From 12 months to 84 months.
• Hassle-free loans – no post-dated cheques required.
• Finance up to 92% of the car’s value.
• Repay your Loan with easy EMIs.
• Loan approvals within 24 hours.
• Quick and easy Processing

               Used Car Loan Ratnagiri Interest Rates

    Documents Required for Used Car Loan Ratnagiri

     Salaried Individuals 

Any of the following documents required for car loan for identity and residence proof:

• • Valid Passport
  • Permanent Driving license
  • Voters ID Card
  • Job card issued by NREGA
  • Letter issued by the National Population Register containing details of name & address

All the following documents as proof of income:

• • Latest Salary Slip
  • Latest Form 16/Latest ITR
  • HDFC Bank corporate salary account statement for salary credits above Rs. 80,000 for the previous 3 months

  Any of the following as sign verification proof:

  • Passport Copy
  • Photo Driving License with DOB
  • Credit Card Statement with Credit Card Copy
  • Banker’s Verification
  • Copy of Margin Money Paid to the Bank

  Self Employed Individuals (Sole Proprietorship):

  Any of the following documents as address proof:

  • Memorandum and Articles of Association
  • Certification of Incorporation
  • Telephone Bill
  • Electricity Bill

  Any of the following as sign verification proof:

  • Passport Copy
  • Photo Driving License with DOB
  • Credit Card Statement with Credit Card Copy
  • Banker’s Verification
  • Copy of Margin Money Paid to the Bank

  

Also, the used car loan can be borrowed in the following type of firms as well:

1. Sole Proprietorship
2. Partnership Firms
3. Private Limited Companies
4. Public Limited Companies

• Eligibility to apply for a Pre-Owned Car Loan Ratnagiri:

  The following points need to be kept in mind while checking the Car loan Eligibility criteria:

  Salaried Individuals:

  • • This includes doctors, CAs, employees of private limited companies, employees from public sector undertakings, including central, state and local bodies
    • Individuals who are a minimum of 21 years of age at the time of applying for the loan, and no older than 60 at the end of the loan tenure
    • Individuals who have had a job for at least 2 years, with a minimum of 1 year with the current employer
    • Those who earn a minimum of Rs. 2,50,000 per year, including the income of the spouse

  Self Employed Individuals (Sole Proprietorship):

  • • • This includes self-employed sole proprietors in the business of manufacturing, trading or services
      • Individuals who are a minimum of 25 years of age at the time of applying for the loan, and no older than 65 at the end of the loan tenure
      • Those who have been in business for a minimum of 3 years
      • Should earn at least Rs. 2,50,000 per annum

 Used Car Loan for Major Car Manufacturers in Ratnagiri

Apply For Loan Online

TABLE WILL APPEAR

Used Car Loan Ratnagiri Processing Fee

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

Used Car Loan Ratnagiri Contact Number:

9910324678

Pre Calculated EMI Table for Car Loan Ratnagiri

Car Loan EMI Calculator