Used Car Loan Shahjahanpur

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Best Banks for Used Car Loan in Shahjahanpur

Used car loan Shahjahanpur Features

A used car loan is a loaning scheme provided by various banks and NBFCs on the purchase of a used car. The loan is available to both salaried and self-employed individuals. The process is straightforward and hassle-free. used car loan Shahjahanpur

Benefits of Used Car Loan Shahjahanpur

The loan gets quickly disbursed.
Secondly, repayment options are easy.
Affordable rate of interest.
Loan Tenure fall between 1 to 5 years.
There are no hidden charges for Used car loan Shahjahanpur.
Quickly and hassle-free documentation.
It is important to check and maintain cibil score.

Used Car Loan Shahjahanpur Interest Rates

Interest rate for car loan is mentioned below:

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 Shahjahanpur Documents Required

Following are the documents required for Used Car Loan:

For Salaried:

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 Shahjahanpur Eligibility Criteria

Eligibility criteria for car loan are given below:

For Salaried:-

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

For Self-Employed:-

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

Public Limited Companies, Private Limited Companies, Hindu Undivided Family-HUF can also take advantage of a used car loans.

Used Car Loan for Major Car Manufacturers in Shahjahanpur

TABLE WILL APPEAR

Processing Fees / Prepayment Charges on Used Car Loan in Shahjahanpur

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

Used Car Loan Shahjahanpur Contact Number

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

Pre Calculated EMI Table for Used Car Loan Shahjahanpur

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