Used Car Loan Tiruvalla

 

Best Banks For Used Car Loan In Tiruvalla

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 Tiruvalla Features

1. Get the best out of the best-used car loan to simply remove all your financial hurdles while buying a pre-owned vehicle!
2. You can simply opt for a used car loan Tiruvalla at low-interest by availing of custom and convenient repayment plans with easy pay EMIs.
3. One can get up to Rs.2.5 crore of loan amount by getting approximately 3 to 6 times your annual income as well as can borrow up to 100% of the value of the car*

Some other amazing used car loan Tiruvalla features include:

1. Hurdle and complex free process.
2. Quick and fast loan approvals and disbursals.
3. Easy and fast pickup services of the documents from your doorstep.
4. Get Up to 85% of the value of the car as a loan amount for 5 years and that too without any income proof.

*Age of Car should not cross 10 years at loan maturity. The maximum loan tenure of 60 months is available with flexible repayment tenures from 12 months to 60 months.

Terms & conditions apply, offers on specific models only.

Visit Dialabank to know more about Used Car Loan Tiruvalla.

Used Car Loan Tiruvalla Interest Rates

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 Tiruvalla Documents Required

Documents required for car loan are as followed:

For Salaried Individual:

Any of the following documents as identity & Address Proof:

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

All the following documents as proof of income:

1. Latest Salary Slip
2. Latest Form 16/Latest ITR
3. Bank Statements for the previous 6 months

Any of the following for sign verification proof:

1. Credit Card Statement with Credit Card Copy
2. Banker’s Verification
3. Passport Copy
4. Photo Driving License with DOB (recent, legible, laminated)
5. Copy of Margin Money Paid to the Bank

For Self Employed**:

1. Age proof: Memorandum and Articles of Association/Certificate of Incorporation.
2. Identity proof: Memorandum and Articles of Association/Certificate of Incorporation.
3. Income proof: Latest ITR and audited balance sheet along with profit & loss account.

Any of the following documents as address proof:

1. Telephone Bill
2. Memorandum and Articles of Association
3. Certification of Incorporation
4. Electricity Bill

Any of the following for sign verification proof:

1. Passport Copy
2. Credit Card Statement with Credit Card Copy
3. Banker’s Verification
4. Photo Driving License with DOB (recent, legible, laminated)
5. Copy of Margin Money Paid to the Bank.

**The following type of companies can also apply for a Used Car Loan Tiruvalla:

1. Sole Proprietorship
2. Partnership Firms
3. Private Limited Companies
4. Public Limited Companies

Used Car Loan Tiruvalla Eligibility Criteria

Following is the eligibility criteria to apply for a Pre-Owned Car Loan:

Salaried Individual:

1. The applicant must be: Who is a doctor, CAs, private limited company employee, employees from public sector undertakings including central, state, and local bodies.
2. Age Range: Individuals who are a minimum of 21 years of age when applying for the loan, and a maximum of 60 years of age at the end of the loan tenure
3. Minimum Work Experience: Individuals who at least have had a job for 2 years, with a minimum of 1 year with the present employer.
4. Minimum Earning: Those who earn a minimum of Rs. 2,50,000 per year., The income of the spouse can be considered as one with the applicant’s income.

Self Employed***:

1. This includes individuals who own a private company in the business of manufacturing, trading, or services.
2. minimum earning should be rs. 2,50,000 per annum.
3. Individuals who have an office landline.

***The following type of companies are also eligible for a Used Car Loan Tiruvalla:

1. Sole Proprietorship
2. Partnership Firms
3. Private Limited Companies
4. Public Limited Companies

Used Car Loan For Major Car Manufacturers In Tiruvalla

TABLE WILL APPEAR

Processing Fees / Prepayment Charges On Used Car Loan In Tiruvalla

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 Tiruvalla

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

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Used Car Loan EMI Calculator

About Tiruvalla

Thiruvalla, spelt as Tiruvalla, is a town in Kerala and also the headquarters of the Taluk of the same name located in Pathanamthitta district in the State of Kerala, India. The town is spread over an area of 27.94 km. It lies on the banks of the river pamba and river manimala and is a land-locked region surrounded by irrigating streams and rivers. Thiruvalla is regarded as the “Land of Non-resident Indians “. However, due to the increasing migration of young people, it is now battling a decline in its population.  Also due to declining fertility levels in Thiruvalla, many schools are being forced to shut down due to the lack of children. Thiruvalla is also famous for the dance of Kathakali, which is hosted in the Sreevallabha temple almost every day in a year.