Used Car Loan Sahnewal

Best Banks for Used Car Loan in Sahnewal

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

A used Car loan online  Sahnewal is the best option to buy a car if you have limited finance. You can get financial help from the banks and NBFCs. All you need to be eligible for the loan. The Banks need your documents for the approval of the loan. Documents required for a car loan may differ as per the profiles.

1. Most note-worthy, Instant funding, and quick disbursal.
2. Loan Tenure varies from 1 to 7 years.
3. Rates of Interest are affordable.
4. Processing of Used Car loan is fast and hassle-free.

Used Car Loan Sahnewal Interest Rates

To check Car Loan Interest Rate for all major banks you can visit: Car Loan Interest Rates

Used Car Loan Sahnewal Documents Required

For Salaried:

The documents required for car loan are :

• Identity Proof: PAN Card, Voters ID card, Passport copy, Driving License
• Income Proof: Latest 3-month salary slip with form 16
• Address Proof: Driving license / Voters card / Passport Copy / Telephone Bill / Ration card / Electricity Bill / Life Insurance Policy /PAN Card
• Bank Statement: Last 3 months.

For Self Employed:

• Identity Proof: PAN Card, Voters ID card, Passport copy, Driving License
• Income Proof: Latest ITR
• Address Proof: Voters card / Passport Copy / Ration card / Telephone Bill / Driving license / Electricity Bill / Life Insurance Policy /PAN Card
• Bank Statement: Last 3 months.

Public Limited Companies, Private Limited Companies, Hindu Undivided Family – HUF can also avail used car loan.

Used Car Loan Sahnewal Eligibility Criteria

For Salaried:-

The eligibility criteria for car loan are :

1. Minimum age: 21 years
2. Maximum age at loan maturity: 60 years
3. Minimum employment: 1 year in current employment and a minimum of 2 years of employment
4. Minimum Annual Income: Rs 2,50,000 net annual income

For Self-Employed:-

1. Minimum age: 25 years
2. Minimum Annual Income: Rs 2,50,000 net annual income
3. Maximum age at loan maturity: 65 years
4. Minimum employment: Should have been in business for a minimum of 3 years

Used Car Loan for Major Car Manufacturers in Sahnewal

TABLE WILL APPEAR

Processing Fees / Prepayment Charges on Used Car Loan in Sahnewal

Used Car Loan Sahnewal Contact Number

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

Pre Calculated EMI Table for Used Car Loan Sahnewal

Used Car Loan EMI Calculator Sahnewal

About Sahnewal

Sahnewal is a town in the Indian state of Punjab.