Best Banks for Used Car Loan in Shirwal
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 Shirwal Features
Advance Amount
- The good comes to a decision about propels as a lot as Rs.2.5 crore on an expansive organize of vary autos and multi-utility vehicles
- Get between 3 to loads of in times your as soon as a period of 365 days remuneration, and are available in as so much as 1 hundred % of the prognosis of the car* *Age of Car at rating trend should never go 10 a prolonged time, the climax to the very best float residency of 60 months
Unequaled help
- A shocking circumstance in specific inevitabilities far off startled – from guess to surname move
- Get altered help to discover a car loan that meets your particular needs
- The benefit of changed and steady reimbursement plans with pocket-obliging EMIs
Versatile Repayment Tenure
- Adaptable repayment for a car loan residencies from a size of twelve months to 60 month
- Astonishing and key caring for and sponsorship
- Experience develop into concerned free pulling to increase through, eager sponsorships, and eager disbursals
- Track your program at else point, any put. Get certifications spherical your ranking program at and each organizes
- See doorstep group and prepared and head papers
Loans without income proof
- Get 80% of the appraisal of the vehicle concerning the movement absolute for a long time without pay affirmation
- Get 85% of the appraisal of the vehicle concerning the movement complete for a long time without pay affirmation
Used Car Loan Shirwal Interest Rate
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
Used Car Loan Shirwal Documents Required
Following are the documents required for Used Car Loan
Salaried Individuals:
Any of the accompanying archives as personality and Address Proof:
- Considerable Passport
- Enduring Driving grant [recent, understandable, laminate]
- Residents ID Card
- Occupation card gave by NREGA
- The letter gave by the National Population Register containing nuances of name and address
All the accompanying archives as evidence of salary:
- Most recent Salary Slip
- Most recent Form 16/Latest ITR
- Last 6 months bank statement
Any of the accompanying assign confirmation verification:
- Distinguishing proof Copy
- Photo Driving License with DOB (later, comprehensible, secured)
- Money related record with Credit Card Copy
- Representative’s Verification
- Copy of Margin Money Paid to the Bank
Self-employed Individuals:
- Update and Articles of Association/Certificate of Incorporation as age verification
- Update and Articles of Association/Certificate of Incorporation as character affirmation
- Most recent ITR and investigated money related record near to favorable position and calamity account as a check of pay
Any of the accompanying archives as address evidence:
- Notice and Articles of Association
- Affirmation of Incorporation
- Phone Bill
- Power Bill
Any of the accompanying assign confirmation verification:
- Visa Copy
- Photograph Driving License with DOB (later, clear, covered)
- Financial record with Credit Card Copy
- Investor’s Verification
- Duplicate of Margin Money Paid to the Bank
- It is important to check and maintain cibil score.
Used Car Loan Shirwal Eligibility Criteria
Eligibility criteria for car loan are given below:
Salaried Individuals:
- This fuses experts, CAs, delegates of private confined associations, laborers from public territory attempts, including central, state, and neighborhood bodies
- Individuals who are at any rate 21 years of age at the hour of applying for the development, and not any more settled than 60 close to the completion of the credit residency
- Individuals who have had work for in any occasion 2 years, with at any rate 1 year with the current chief
- The people who acquire in any event Rs. 2,50,000 consistently, including the payment of the partner
Self Employed Individuals:
- This consolidates people who own a private association in the matter of amassing, trading, or advantages
- Should obtain at any rate Rs. 2,50,000 for each annum
- People who have an office landline
Used Car Loan for Major Car Manufacturers in Shirwal
TABLE WILL APPEAR
Processing Fees / Prepayment Charges on Used Car Loan Shirwal
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
|
Pre Calculated EMI Table for Used Car Loan Shirwal
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 |
Used Car Loan EMI Calculator Shirwal
Car Loan EMI Calculator Online
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