Best Banks for Used Car Loan in Sangli
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 Sangli Features
Representing on buying the car? But don’t you have the finances available for it? Don’t ever worry! There is a used car loan for you again. A used car loan is a method of investment or cash help given to the customers by banks and other financial institutions at a good rate to assist them in owning a used vehicle.
Even though used cars have become such a need for everybody, but the prices of used cars is growing exponentially every day. That’s why a used car loan comes into the equation and satisfy your dream to be your fantasy car owner. A used car loan in Sangli has the essential features of:
- Get between 3 and 6 times your annual income, and borrow up to 100% of the car’s value
- Get custom aid in choosing a car that suits your unique needs
- Offers special and flexible private loans with EMIs that are wallet convenient
- Track your application anywhere, anywhere. Get status updates at every phase of your loan application
Used Car Loan Sangli 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 Sangli Documents Required
Documents required for car loan are as followed:
For Salaried:-
- Identity/self Proof: PAN Card, Voters ID card, NREGA job card distributed, Letter produced by the national Registration of Population containing name & email address, Passport copy, Driving License
- Income/wages Proof: Latest 3-month salary slip with form 16, recent Salary Slip
- Address/ house Proof: Driving license / Voters card / Passport Copy /PAN Card/ NREGA job card distributed/Letter produced by the national Registration of Population containing name & email address
- Bank Statement in Months: Last 6 months.
For Self Employed:-
- Identification Proof: PAN Card, Voters ID card, Passport copy, NREGA job card distributed, Letter produced by the national Registration of Population containing name & email address, Driving License
- Salary Proof: Latest ITR, recent Salary Slip
- Residence Proof: Voters card / Passport Copy / NREGA job card distributed/ Letter produced by the national Registration of Population containing name & email address/ Driving license /PAN Card
- Bank Statement in Few Months: Last 6 months.
Used Car Loan Sangli Eligibility Criteria
The car loan eligibility requirements are as followed in Sangli:
For Salaried:-
- Age in terms of Minimum: 21 years
- Age at loan maturity in terms of Maximum: Valid till 6o years
- Employment in terms of Minimum: Function with much the same employer for at least 2 years, with a depth of 1 year
- Annual Income in terms of Minimum: Earn nearly Rs 2,50,000 a year, plus spousal profit
For Self-Employed:-
- Age in Minimal: 25 years
- Age at loan maturity in Maximal: 65 years
- Employment in Minimal: Was in service for at least 3 years
- Annual Income in Minimal: Gain at least Rs 2,50,000 annually
How to Apply for Used Car Loan in Sangli?
Providing a used car loan Sangli with DialaBank is a safe procedure. Follow the steps listed to get the cheapest prices:
- Right-click on our website Dialabank.
- Right-click for used car loan obtainable in the table.
- Read the info regarding the sort of used car and your profits.
- Wait for our potential customer to notify you of your specific set soon.
- In case of questions about the loan, you can also email our managers at number 9878981166.
- To enable the use of an indirectly used car loan, you’ll also need to sign up for an account immediately, which might also turn out to be exhausting for you.
Used Car Loan for Major Used Car Manufacturers in Sangli
TABLE WILL APPEAR
Processing Fees / Prepayment Charges on Used Car Loan Sangli
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
|
CIBIL Score Required for UsedCar Loan in Sangli
The Cibil score is labelled as what decides the funds to meet off debts. A high credit score represents a better credit score which enables the approval process for your used car loan cheap and easy to deal with. Most of the period, banks and NBFCs recognize a credit history of 750 and above as a great score to approve your Sangli loan registration form.
Again and this ranking can vary from bank to bank. You would have been compelled to pay a high-interest rate on the loan amounts in case of a weak Conventional mortgage than the rated value and if your CIBIL score is high then you’ll have to pay a fixed interest rate. So in a used car loan, a CIBIL score is a major factor.
Used Car Loan Sangli Contact Number
For any requests about the used car loan in Sangli, you can connect for any kind of help on contact 9878981166.
Pre Calculated EMI Table for Used Car Loan Sangli
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 Sangli
Known as the birthplace of Turmeric, Sangli is a famous town in the Maharashtra state. Sangli gets its name from ‘Saha Gali’ – that in the Marathi culture is directly translated into ‘Six Lanes.’ In ancient times, Sangli’s city was often pointed to as Natyapandhari-Marathi drama’s birthplace.
Used Car Loan EMI Calculator