Used Car Loan Thrippunithura

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Used Car Loan Thrippunithura

Best Banks for Used Car Loan Thrippunithura

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 Thrippunithura Features

Used Car Loan Thrippunithura

Have you been eyeing on a car for long? Does your financial situation hold you back from buying that car? Well! you’ve arrived at your destination in Dialabank.

Dialabank provides you with a wide variety of options to avail of a Used Car Loan under your loan.

Dialabank makes it easy for customers to desire more rather than stressing over the financial situation and complexities of sanctioning a loan under the buyer’s name.

With Dialabank say no to over-thinking and welcome the Used Car of your choice with the help of Used Car Loan Thrippunithura.

Dialabank is the bridge between the customers and the car providers.

  • Also, get customized and Personalized help to get the used car of your choice from research to loan processing.
  • Avail pocket-friendly Used Car Loans up to 2.5 crores on a wide range of used cars in your city.
  • You get choose the repayment plans that suits you.
  • Get the Flexible loan tenure ranging from 12 months to 84 months.
  • The bank provides you with the Doorstep service with simple documentation.
  • Transparent and hassle-free processing of the loan.
  • You are updated about your loan application at every stage of the loan processing.
  • Track your application anytime, anywhere.Checking the CIBIL score is very important.

Used Car Loan Thrippunithura 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 0.01 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 Thrippunithura Documents Required

Details on the documents required for car loan are mentioned below:

Salaried Individuals:

1.Proof of address and identity:

  1. Valid Passport
  2. A Permanent Driving license [recent, legible, laminate]
  3. Voters ID Card
  4. Job card issued by NREGA
  5. Letter issued by the National Population Register containing details of name & address of the applicant

2. Proof of income:

  1. Latest Salary Slip of the applicant
  2. The Latest Form 16 is obligatory to submit

3. For signature verification:

  • The Passport Copy
  • Photo Driving License with DOB (recent, legible, laminated)
  • Credit Card Statement with Credit Card Copy
  • Banker’s Verification of the applicant

Self-employed Individual

1.Address proof:

  • The Memorandum and articles of association
  • Electricity Bill
  • Telephone Bill
  • Certificate of incorporation of the applicant

2. For address verification:

  • Passport copy
  • driving license copy with DOB
  • Credit card statement with credit card copy
  • Banker’s verification
  • Copy of Margin money paid to the bank by the applicant

3. Memorandum and Articles of Association/Certificate of Incorporation as age proof of the applicant.

4. Memorandum and Articles of Association/Certificate of Incorporation as an identity proof of the applicant.

5. The Latest ITR and audited balance sheet along with profit & loss account of the applicant as proof of income.

Used Car Loan Thrippunithura Eligibility Criteria

Eligibility criteria for car loan are discussed below:

Salaried Individuals:

  • The applicant must be an employee of  the Pvt. Ltd. company, doctor, CA, lawyer, public sector undertaking that includes local, state, or central bodies.
  • The applicant should be of a minimum of 21 years of age while applying for a loan and a maximum of 60 at the time of tenure closure of the loan.
  • An employment experience of 2 years in any company along with documented proof of 1-year employment in the current company.
  • The income criteria are the individual should earn a minimum of 2,50,000 per annum inclusive of the spouse’s earning is mandatory for Used Car Loan Thrippunithura.

Self Employed Individuals:

  • The applicant must be the sole proprietor of the organization that he/she operates.
  • Should earn at any rate Rs. 2,50,000 for every year.
  • The individuals should have either a residence or a company’s telephone line.

Used Car Loan for Major Car Manufacturers in Thrippunithura

TABLE WILL APPEAR

Processing Fees / Prepayment Charges on Used Car Loan Thrippunithura

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 Thrippunithura

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

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