Used Car Loan Trivandrum

Best Banks for Used Car Loan in Trivandrum

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 Trivandrum Features

A Used Car Loan Trivandrum will help buy the best car within your budget and is a financial aid offered to the customers by commercial banks and NBFCs. We present before you some of our best offers for Car Loan to purchase a used car anywhere in Trivandrum!

The features of Used Car Loan Trivandrum are as follows:

• Flexible repayment tenures starting from 12 months to ease the burden.
• Car at loan maturity age shall not exceed 10 years, with a maximum loan tenure of 60 months.
• Personalized help and advisory by our highly trained experts to choose a car that meets your wants.
• You can avail of a loan up to Rs.2.5 crore on pre-owned car value.
• Get 85% of the value of the car as a loan amount for 5 years without income proof verification.
• Enjoy doorstep service and easy documentation for our customers.
• You may also borrow up to 100% of the value of the car to the value of 3-6 times your annual remuneration.
• Convenient and customized repayment plans available with easily payable installments.

*Terms and Conditions Apply

Used Car Loan Trivandrum 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 Trivandrum Documents Required

A person should review the documents required for car loan before making a decision.

For Salaried Individuals:

For Identity and Address Proof:

• Valid Passport
• Permanent Driving license
• Letter issued by the National Population Register mentioning name & address
• Voters ID Card
• Job card provided by NREGA

For Income Proof:

• Latest Salary Slip
• Bank Statements for the last 6 months
• Latest Form 16/ Latest ITR

For Signature Verification Proof:

• Photo Driving License
• Credit Card Statement and its Copy
• Banker’s Verification
• Copy of Margin Money Paid to Bank
• Passport Copy

For Self Employed**:

Remuneration proof: Latest ITR and audited balance sheet with profit & loss account.

Identity proof: Memorandum and Articles of Association/ Certificate of Incorporation.

Age proof: Certificate of Incorporation/Memorandum and Articles of Association.

For Sign Verification Proof:

• Credit Card Statement and its Copy
• Copy of Margin Money Paid to Bank.
• Passport Copy
• Banker’s Verification
• Photo Driving License

For Address Proof:

• Telephone Bill
• Electricity Bill
• Memorandum and Articles of Association
• Certification of Incorporation

**The following companies are also applicable for a Used Car Loan Trivandrum:

• Sole Proprietorship
• Partnership Firms
• Private Limited Companies
• Public Limited Companies

Used Car Loan Trivandrum Eligibility Criteria

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

Salaried Individual:

• Minimum Earning: Those who earn a minimum of Rs. 2,50,000 per year, the income of the spouse can be considered as included with the candidate’s income.
• Minimum Work Experience: Individuals who have job experience for a minimum of 2 years and a minimum of 1 year with the current employer.
• Age Limit: Individuals qualifying 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 maturity period.
• Professional practitioners a doctor, CAs, private limited company employees, employees from public sector undertakings including central, state, and local bodies.

Self Employed***:

• Individuals who own a private company in the business of manufacturing, trading, or service undertakings.
• Rs. 2,50,000 per year should be a minimum remuneration.
• Individuals who have an office landline number.

***The following companies are also eligible for a Used Car Loan Trivandrum:

• Sole Proprietorship
• Partnership Firms
• Public Limited Companies
• Private Limited Companies

How to Apply for Used Car Loan Trivandrum?

Availing a used car loan Trivandrum is an easy process with the help of DialaBank.

• Visit us online at Dialabank
• Go to the specific city page for a used car loan Trivandrum
• Fill in the details required in the fast and easy Used Car Loan Application Form.
• Our manager will get in touch with you to serve you with the entire process.

Used Car Loan for Major Car Manufacturers in Trivandrum

TABLE WILL APPEAR

Processing Fees / Prepayment Charges on Used Car Loan Trivandrum

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

Used Car Loan Trivandrum Contact Number

Contact us at 9878981166 or visit the website of Dialabank for instant help to fulfill all your loan needs anytime in Trivandrum.

Pre Calculated EMI Table for Used Car Loan Trivandrum

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 Trivandrum

About Trivandrum

Trivandrum is the capital of the state of Kerala, India, referred to as the “Evergreen city of India”. The city is symbolized by its rolling land of low coastal hills and busy commercial passage. Every year a large number of overseas tourists visit here and is a major hub of academics and research and development.