Used Car Loan Vadakara

Best Banks for Used Car Loan in Vadakara

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 Vadakara Features 

Advance Amount

• Avail of loan up to Rs. 2.5 crore on a wide range of pre-owned cars and multi-utility vehicles
• Get between 3 to various occasions your yearly compensation, and get up to 100% of the assessment of the car* *Age of Car at credit improvement should not cross 10 years, subject to the most extraordinary development residency of 60 months

Unequaled help

• The incomprehensible condition absolutely notice – from assessment to title move
• Get adjusted help to pick a vehicle that meets your particular needs
• The upside of balanced and strong reimbursement plans with pocket-obliging EMIs

Adaptable Repayment Tenure

• Versatile reimbursement residencies from a year to 60 months
• Impressive and basic Processing and backing
• Experience clear issue free coordinating, accommodating sponsorships, and keen disbursals
• Track your application at whatever point, any place. Get announcements about your credit application at each stage
• See doorstep association and obliging and essential documentation
• Check your progression limit in only 60 seconds

Loans without income proof

• Get 80% of the evaluation of the vehicle concerning the advancement aggregate for a long time without pay certification
• Get 85% of the evaluation of the vehicle concerning the advancement aggregate for a long time without pay certification

Used Car Loan Vadakara 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

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Used Car Loan Vadakara Documents Required

Salaried Individuals:

Any of the accompanying archives as personality and Address Proof:

1. Substantial Passport
2. Lasting Driving permit [recent, decipherable, laminate]
3. Citizens ID Card
4. Occupation card gave by NREGA
5. The letter gave by the National Population Register containing subtleties of name and address

All the accompanying archives as evidence of salary:

1. Most recent Salary Slip
2. Most recent Form 16/Latest ITR
3. Last 6 months bank statement

Any of the accompanying assign confirmation verification:

1. Identification Copy
2. Photograph Driving License with DOB (later, readable, covered)
3. Financial record with Credit Card Copy
4. Broker’s Verification
5. Duplicate of Margin Money Paid to the Bank

Self-employed Individuals

1. Update and Articles of Association/Certificate of Incorporation as age evidence
2. Update and Articles of Association/Certificate of Incorporation as personality verification
3. Most recent ITR and reviewed monetary record alongside benefit and misfortune account as verification of salary

Any of the accompanying archives as address evidence:

1. Notice and Articles of Association
2. Affirmation of Incorporation
3. Phone Bill
4. Power Bill

Any of the accompanying assign confirmation verification:

1. Visa Copy
2. Photograph Driving License with DOB (later, clear, covered)
3. Financial record with Credit Card Copy
4. Investor’s Verification
5. Duplicate of Margin Money Paid to the Bank

Used Car Loan Vadakara Eligibility Criteria

Salaried Individuals:

1. This incorporates specialists, CAs, representatives of private restricted organizations, workers from public area endeavors, including focal, state, and neighborhood bodies
2. People who are at least 21 years old at the hour of applying for the advance, and no more established than 60 toward the finish of the credit residency
3. People who have had work for in any event 2 years, with at least 1 year with the current manager
4. The individuals who procure at least Rs. 2,50,000 every year, including the salary of the companion

Self Employed Individuals:

1. This incorporates individuals who own a private organization in the matter of assembling, exchanging, or benefits
2. Ought to acquire at any rate Rs. 2,50,000 for every annum
3. Individuals who have an office landline

How to Apply for Used Car Loan in Vasakara?

Profiting a vehicle advance Thane is a basic cycle with DialaBank. Follow the going with steps to benefit the best offers:

1. Visit our site Dialabank.
2. Snap-on the vehicle advance choice open on the menu.
3. Fill in the encounters about the vehicle type and your pay.
4. Hold up as our relationship manager will in a short period of time interface with you on your gave number.
5. You may in like way contact our relationship managers on the number 9878981166 if there should be an occasion of any plans concerning the credit.
6. For benefitting a vehicle credit pulled back you should visit the branch in a brief timeframe, which may go to be reasonable for you.

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Used Car Loan for Major Car Manufacturers in Vadakara

TABLE WILL APPEAR

Processing Fees / Prepayment Charges on Used Car Loan Vadakara

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

CIBIL Score Required for Used Car Loan in Vadakara

The CIBIL score is maintained concerning what depicts your ability to deal with your credits. A higher Credit score wraps up a stupefying record as a customer and makes your vehicle advance application measure smooth and easy to be framed. Right when everything is said in done, banks and NBFCs consider a FICO assessment of on any occasion 720 as a sensible score to request your credit application measure, Vadodara.

This score may again move from bank to bank. On the off chance that there ought to build up an event of a low CIBIL score than the critical worth, you will be depended on to pay a high pace of financing cost on the credit firm while if your CIBIL score is model, by then you may need to pay a low pace of interest. Thusly, a CIBIL score is a gigantic factor in vehicle credit.

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Used Car Loan Vadakara Contact Number

On the off chance that there ought to emerge an event of any sales regarding the vehicle credit in Vadakara, you may contact the number 9878981166 for such help.

Pre Calculated EMI Table for Used Car Loan Vadakara

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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About Vadakara

Vatakara, additionally spelled Vadakara, French: Margaret is a seaside town in the Kozhikode region in the province of Kerala, India. Vatakara is situated among Thalassery and Koyilandy. The region of Vadakara covers a region of 23.33 km² and is flanked by Mahé toward the north and Payyoli toward the south.

Car Loan EMI Calculator Vadakara

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