Used Car Loan Shillong

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Best Banks for Used Car Loan Shillong

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 Shillong Features

used car loan shillong

Used cars loan as of the name provides credit to the customers in order for them to own a pre-used car. This helps customers to complete their demands of purchasing a car with a much lesser burden of Capital investment. Such loans are becoming easily available due to the great rise in demand for the used car purchase in the automobile market.

Everyday existence has a great deal with increasing usage of cars. Used cars have a benefit of low capital investment.

The Basic features of used car loan Shillong are:

The low-Interest rate for a used car loans.
The process is small and mostly quick.
Dialabank is efficient for used car loans.
A great number of banks are ready for advancing the loan.
The used car loan is becoming common.
Checking the CIBIL score is very important.

Used Car Loan Shillong Interest Rate

Details on the car loan interest rate are given 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 Shillong Documents Required

Documents required for car loan are as followed:

For Self Employed:-

Proof of identity: PAN Card, Voters ID card, Copy of a passport, Driving License
Income Proof: Latest 3-month salary slip with form 16
Proof of residence: Driving license / Voters card / Passport Copy
Statement of Bank: Last 6 months.

For Salaried:-

Proof of Identity: PAN Card, Voters ID card, Copy of a passport, Driving License
Income Proof: Latest Income tax returns (ITR)
Proof of residence: Voters card / Passport Copy / Driving license
Statement of Bank: Last 6 months

Used Car Loan Shillong Eligibility Criteria

The car loan eligibility requirements are as followed:

For Salaried:-

Minimum age: 21years
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: 2,50,000 annually

For Self-Employed:-

Minimum age: 25 years
Maximum age at loan maturity: 65 years
Minimum employment: at smallest 3 years in sales
Minimum Annual Income: 2,50,000 annually

How to Apply for used Car Loan in Shillong?

Availing a used car loan in Shillong is an easy process with DialaBank. Follow the following steps to avail the best offers:

Visit our site Dialabank. Snap-on the used car loan choice accessible in the menu.
Fill in the insights about the car type and your salary.
Hold up as our relationship supervisor will before long connect with you on your given number.
You may likewise contact our relationship chiefs on the number 9878981166 if there should arise an occurrence of any inquiries with respect to the credit required.
For profiting a used car loan disconnected you should visit the branch by and by, which may go to be chaotic for you.

Car Loan for Major Car Manufacturers in Shillong

Processing Fees / Prepayment Charges on used Car Loan Shillong

The processing fee with Diaabank is a little amount to make the work smooth and is a really small amount of the loaned out capital.

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 Shillong Contact Number

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

Pre Calculated EMI Table for Used Car Loan shillong

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 Shillong

Shillong is one of the most beautiful destinations for a tourist in India. It is a great vocational spot with the great monsoon weather. The best time to visit this small hilltop is during winters. The temperature supports the greenery of mother Nature and the pure wind of the place. Shillong has great waterfalls and a bucket list venue for almost every Indian. This is a cherry for North-Eastern India present in the state of Meghalaya. The place is a must-visit for a trip either with family or friends Shillong, without a doubt is really eye captivating for every person who has been there.