Used Car Loan Vadodara

Best Banks for Used Car Loan in Vadodara

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 Vadodara 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

• Favorable position through and through notice – from assessment to title move
• Get modified assistance to pick a vehicle that meets your specific needs
• The benefit of adjusted and supportive repayment plans with pocket-obliging EMIs

Adaptable Repayment Tenure

• Versatile repayment residencies from a year to 60 months
• Quick and basic Processing and support
• Experience clear issue free getting ready, quick supports, and fast disbursals
• Track your application at whatever point, wherever. Get declarations about your credit application at each stage
• Acknowledge doorstep organization and expedient and basic documentation
• Check your development capability in just 60 seconds

Loans without income proof

• Get 80% of the estimation of the vehicle as to the advance sum for a long time without pay confirmation
• Get 85% of the estimation of the vehicle as to the advance sum for a long time without pay confirmation

Used Car Loan Vadodara 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 Vadodara Documents Required

Documents required for car loan are as followed:

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 Vadodara Eligibility Criteria

The car loan eligibility requirements are as followed in Vadodara:

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 Vadodara?

Profiting a vehicle advance Vadodara 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 accessible on the menu.
3. Fill in the encounters about the vehicle type and your pay.
4. Hold up as our relationship chief will in a short time interface with you on your gave number.
5. You may in like way contact our relationship chiefs on the number 9878981166 if there should be an occasion of any requests concerning the credit.
6. For benefitting a vehicle credit isolated you should visit the branch in a little while, which may be quick.

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Used Car Loan for Major Car Manufacturers in Vadodara

TABLE WILL APPEAR

Processing Fees / Prepayment Charges on Used Car Loan Vadodara

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 Vadodara

The CIBIL score is insinuated as to what describes your ability to deal with your credits. A higher Credit score infers an incredible record as a customer and makes your vehicle advance application measure smooth and easy to be dealt with. By and large, banks and NBFCs consider a FICO evaluation of at least 720 as a respectable score to insist on your credit application measure Vadodara.

This score may again move from bank to bank. In case of a low CIBIL score than the vital worth, you will be expected to pay a high rate of financing cost on the credit total while in case your CIBIL score is worthy, by then you may need to pay a low pace of interest. Along these lines, a CIBIL score is a huge factor in vehicle credit.

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Used Car Loan Vadodara Contact Number

In the event of any inquiries with respect to the vehicle credit in Vadodara, you may contact the number 9878981166 for such help.

Pre Calculated EMI Table for Used Car Loan Vadodara

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 Vadodara

Vadodara, once otherwise called Baroda, is the third biggest city in the Indian province of Gujarat. It is the regulatory base camp of Vadodara District and is situated on the banks of the Vishwamitri waterway, 141 kilometers from the state capital Gandhinagar.

Car Loan EMI Calculator Vadodara

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