Used car loan Warud

Best Banks For Used Car Loan In Warud

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 Warud Features

To sweep away the financial burden of owing a car, the better solution is to loan out an amount through usd cars loans.

In Warud, the applicant of advance could avail the loan benifits at a very low rate of interest and easily accessible EMIs.

Any seeker of the used car loan can borrow approx amount to Rs. 2.5 crores and also 100% amount of the required car by approximate income salary to be 3-6% of the loan amount.*

Some other notable used car loan Warud features include:

• Simplified and smooth procedure of the loan.
• Problem free loans available to the customers.
• Easy pickup services of the documents from your door.
• 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 maximum be of 10 years during the time of loan maturity. The maximum loan tenure of 60 months is available with flexible repayment tenures from a year to 60 months.

Terms & conditions apply, offers on specific models only.

Visit Dialabank to know more about Used Car Loan Warud.

Used Car Loan Warud 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

Apply for a Car Loan    

Used Car Loan Warud Documents Required

An individual must check the documents required for a car loan before deciding.

For Salaried Individual:

Any of the following documents as the  proof of identity & Residence Proof:

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

All the following documents as Income Proof:

• Most Recent Salary Slip
• Latest Form 16/Latest Income Tax Return (ITR)
• Bank Statements for the previous six months

Any of the following for sign verification proof:

• Credit Card Statement with Credit Card Copy
• Banker’s Verification
• Copy of a passport
• Photo Driving License with DOB (recent, legible, laminated)
• Copy of Margin Money Paid to the Bank

For Self Employed**:

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

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

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

Any of the following documents as address proof:

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

Any of the following for sign verification proof:

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

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

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

Used Car Loan Warud Eligibility Criteria

An individual must fulfil the Eligibility criteria for a car loan to avail of the loan amount.

The following people are eligible to apply for a Used Car Loan:

Salaried Individual:

• The applicant must be: A doctor, CAs, private limited company employee, employees from public sector undertakings including central, state, or local bodies.
• 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
• Minimum Work Experience: Individuals who at least have had a job for 2 years, with a minimum of 1 year with the present employer.
• 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***:

• This includes individuals who own a private company in the business of manufacturing, trading, or services
• Rs. 2,50,000 annually should be the minimum earning of a loan applicant.
• Individuals who have an office landline.

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

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

Used Car Loan For Major Car Manufacturers In Warud

TABLE WILL APPEAR

Processing Fees / Prepayment Charges On Used Car Loan In Warud

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 Warud

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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You can calculate your EMI here: Car Loan EMI Calculator

Used Car Loan EMI Calculator

About Warud

The City of Warud is a Municipal city in the state of the council in the state of Maharashtra. It is situated in the Amravati district of the State. It has been known for the great weather and monsoon season held in Maharashtra.