Used Car Loan Shahdol

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Best/Top Banks for Used Car Loan Shahdol

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 Shahdol Features

Used Car Loan Shahdol What’s this about buying a used vehicle? But don’t they have the capital necessary for it? Leave no worries! There is a used car loan for you and yours. A used car loan is a financing option or financial help given to customers at a reasonable rate of inflation by banks and NBFCs to help them finance a used car.

As used cars have been a staple for all, the cost of used cars increases rising increasingly on a continuous basis. This is where you come into effect with a used car loan and follow your dream to be the holder of your beautiful used car. The major elements of a Shahdol used car loan are:

Witness clear, trouble-free application, prompt inspections, and fast disbursements
Track your progress anywhere, once. Get statuses at every phase of your new loan
Enjoy doorway service and fast and clear information
Available with pocket-friendly EMIs for personalized and easy repayment plans

Used Car Loan Shahdol 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

Apply for a Car Loan

Used Car Loan Shahdol Documents Required

Documents required for a car loan are as followed:

For Salaried:-

Income Proof: Latest 3-month salary slip with form 16
Address Proof: Driving license / Voters card / Passport Copy /PAN Card / NREGA ‘s Work Card Released / Request provided by the National Registry of Populations providing address information
Bank Statement: Last 6 months.
Identity Proof: PAN Card, NREGA ‘s Work Card Released, Request provided by the National Registry of Populations providing address information, Voters ID card, Passport copy, Driving License

For Self Employed:-

Identity Proof: PAN Card, NREGA ‘s Work Card Released, Request provided by the National Registry of Populations providing address information, Voters ID card, Passport copy, Driving License
Income Proof: Latest ITR
Address Proof: Voters card / Passport Copy / Driving license /PAN Card / NREGA ‘s Work Card Released / Request provided by the National Registry of Populations providing address information
Bank Statement: 6 months at last.

Used Car Loan Shahdol Eligibility Criteria

The eligibility criteria for a car loan is as followed:

For Salaried:-

Maximum age at loan maturity: 60 years
Minimum employment:1 year of work history and 2 years of retirement average
Minimum age: 21 years
Minimum Annual Income: Total Rs. 2,50,000 per annual salary, plus spousal profits

For Self-Employed:-

Minimum age: 25 years at least
Minimum employment:3 years at the minimum in earnings
Minimum Annual Income: Rs 2,50,000 per annual income
Maximum age at loan maturity: 65 years at least

How to Apply for Used Car Loan in Shahdol?

Receiving a Shahdol used car loan is a short method with DialaBank. Follow the directions below to get the best deals:

Consult Dialabank on our site
Also on the menu, click on used car loan choices left.
Send in the description of the model of car used and your taxes.
Patient as you will soon be approached by our financial consultant on your assigned numbers.
In the event of every other issue about the loan, you can also notify our managers on 9878981166.
To make use of an indirectly used car loan you’ll need to visit a branch actually, which could turn out to be exciting for you.

Major Used Car Manufacturers in Shahdol

TABLE WILL APPEAR

Processing / Prepayment Charges on Used Car Loan Shahdol

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
Prepayment Charges	>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 Used Car Loan in Shahdol

The good credit score is called what describes your opportunity to make your credits pay off. A higher credit report means a strong credit file which makes the interview process for your used car loan seamless which easy to operate. Often, a credit score of 750 and above is accepted by banks and NBFCs as a reasonable score to authorize your loan application in Shahdol.

These scores could vary from bank to bank again. You would be expected to pay a high-interest rate on the loan balance in case of a poor CIBIL score than the required value so if your CIBIL score is decent then you’ll have to pay a poor interest rate. A CIBIL score is also an essential issue for a used car loan.

A good CIBIL score provides an opportunity to negotiate and reduce the car loan interest rate to a certain extent

Used Car Loan Shahdol Contact Number

You can request 9878981166 for any other kind of assistance in the form of any questions and concerns the used car loan in Shahdol.

Pre Estimated EMI Table for Used Car Loan Shahdol

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 Shahdol

The townscape of Shahdol is surrounded by thick forests and studded with majestic temples and stunning stretches of greenery. A brilliant mesh of the various cultures and races intertwined here fabricate the town with a vivid traditional heritage.