Used Car Loan Shimoga

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Best Banks for Used Car Loan Shimoga

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 Shimoga Features

used car loan Shimoga

To own a used car nowadays is getting in demand quickly. Due to lesser spending of money and great comfort, the number of the population wants to use their money for the pre-used car. Various banks and NBFCs provide a different sum of loans for the pre-used car.

Features:

With the greatly increased demand for cars, the quick method for enrolling loans for used cars has similar features.

Shimoga has the interest rates really low for used car loan.
Almost all NBFCs offer car loans.
The car loan documents process is fast and problem free
Car loans are easily available through DialaBank.

Used Car Loan Shimoga 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 Shimoga Documents Required

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 / Ration card / Electricity Bill / Life Insurance Policy /PAN Card
Bank Statement: Last 6 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 / Driving license / Electricity Bill / Life Insurance Policy /PAN Card
Bank Statement: Last 6 months.

Used Car Loan Shimoga Eligibility Criteria

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 2.5 lakhs net annual income

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: Rs 2.5 lakhs net annual income

How to Apply for Used Car Loan Shimoga?

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

Visit our website Dialabank
Click on the car loan option available in the menu
Fill in the details regarding the car type and your income
Wait as our relationship manager will soon get in touch with you on your provided number.
You may also contact our relationship managers on the number 9878981166 in case of any queries regarding the loan.
For availing a car loan offline you will have to visit the branch personally, which might turn to be hectic for you.

Used Car Loan for Major Car Manufacturers in Shimoga

TABLE WILL APPEAR

Processing Fees / Prepayment Charges on Used Car Loan Shimoga

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 Shimoga

The CIBIL Score makes it easier for fir banks to trust the applicant with their advanced money. A score of 750 and above it counts as a pretty well-suited credit score for the loan approval from almost any bank. The better you manage your credit score, the better is the chance to get the loan approved. The CIBIL code defines the credit score history for the applicant.

Used Car Loan Shimoga Contact Number

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

Pre Calculated EMI Table for Car Loan Mumbai

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 Shimoga

Shimoga is also known as Shivmogga, is a district in the state of Karnataka. It is one of the most beautiful destinations for falls and winters. It has great waterfalls and sightseeing destinations. Shimoga is greatly known for the winter stations of Karnataka. It appeals to a huge number of tourists during vacations. Shimoga is a small place but a beautiful district that is developing technology-wise too. Hence, the deals with automobiles are also increasing in Shimoga.