Used Car Loan Sonepur

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Used Car Loan Sonepur

Best Banks for Used Car Loan in Sonepur

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 Sonepur FeaturesUsed Car Loan Sonepur

  • Used Car Loans are ready at low-interest rates
  • Enjoy favorite pricing
  • Practice unblinded hassle-free processing, quick approvals, and responsive disbursals
  • Track your application anytime, anywhere. Get standing updates about your loan demand at every frame
  • Perceive of customized and convenient repayment programs with pocket-friendly EMIs
  • Almost all higher banks and NBFCs offer Used Car Loans in Sonepur
  • The documentation method is quick and hassle-free
  • Used Car Loans are quickly accessible through DialaBank
  • Get 80% of the value of the car as a loan amount for three years without income proof
  • Get 85% of the value of the vehicle as a loan amount for five years without income proof

Used Car Loan Sonepur 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 Sonepur Documents Required

Know more about Documents required for car loan.

For Salaried:

Identity and residence proof:

  • Valid Passport
  • Voter ID Card
  • Permanent Driving License
  • Job Card
  • Letter issued by the National Population Register

Income proof:

  • Latest Salary Slip
  • Latest Form 16/Latest ITR
  • Bank statement of the last six months

Signature proof:

  • Passport Copy
  • Photo Driving License with DOB
  • Credit card statement with Credit Card Copy
  • Banker’s verification

For Self Employed:

  1. Age proof, the reports obliged are Memorandum also Articles of Association/Certificate of Establishment
  2. Identity proof, the records lacked are Memorandum also Articles of Association/Certificate of Establishment
  3. Income Proof, there is a form of the Latest ITR and balance sheet with profit and loss account
  4. Address Proof Documents: Memorandum and Articles of Association, Telephone Bill, Certificate of Incorporation, Electricity Bill
  5. Sign Verification Proof: Passport Copy, Credit Card Statement, Photo Driving Permit with DOB, Banker’s Confirmation

Additionally, the Used Car Loan can be appropriated in the following type of firms as well:

  • Partnership Firms
  • Sole Proprietorship
  • Public Limited Companies

Used Car Loan Sonepur Eligibility Criteria

Know more about Car Loan eligibility criteria.

For Salaried:-

  1. Minimum age: smallest age criteria is 21 years
  2. Maximum age at loan maturity: most age criteria is 60 years
  3. Minimum employment: 1 year in the modern profession and two working years of employment
  4. Minimum Annual Income: Rs. 2,50,000 net annual income

For Self-Employed:-

  1. Minimum age: 21 years
  2. Maximum age at loan maturity: 60 years
  3. Minimum employment: 3 years
  4. Minimum Annual Income: Rs. 2,50,000 per annum

The latter type of firms are also eligible to take a pre-owned Used Car Loan Sonepur:

  • Sole Proprietorship
  • Partnership Firms
  • Public Limited Companies
  • Hindu Undivided Family

A good CIBIL score is a must before applying for a loan other than a gold loan. Making sure your CIBIL score is good before applying for a loan is a good practice.

How to Apply for Used Car Loan in Sonepur?

Availing a Used Car Loan Sonepur is a comfortable manner with DialaBank. Now you need to follow the subsequent steps to help the best suggestions on loan:

  • Visit our website Dialabank
  • Click on the Used Car Loan option accessible in the menu bar
  • Fill in the details regarding the car prototype and your salary(yearly)
  • Wait as our contact executive will soon get in touch with you on your assigned figure.
  • You may also reach our contact executives on the number 9878981166 in case of any questions concerning the loan.
  • For availing a Used Car Loan in Sonepur offline, you will have to visit the branch personally, which might turn to be thrilled for you.

Used Car Loan for Major Car Manufacturers in Sonepur

TABLE WILL APPEAR

Processing Fees / Prepayment Charges on Used Car Loan Sonepur

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 Sonepur

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 Sonepur

Sonepur, also recognized as Subarnapur, is a municipality and district quarters of Subarnapur district of Odisha. The area covers an area of 2284.89 km2. It is also known as Second Varanasi of India for its temples having structural importance and tantric mystics and Second Allahabad for the Meeting Point of three rivers Mahanadi, Tel, and Sukhtel, precisely like in Allahabad.

Used Car Loan EMI Calculator

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