Used Car Loan Ambala

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Buy Your Dream Car

Rates as low as 13.60%*
Up to 100% Funding
Doorstep Service
Hassle-free Disbursal
Unbiased Experts Advice

Best Banks for Used Car Loan in Ambala

Feature
HDFC Bank
ICICI 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 Ambala Features

Used Car Loan AmbalaFocusing on buying a used car? And don’t you have the money required for it? Leave no concerns! There is a used car loan for you somewhere. A used car loan is a method of investment or financial help given to the customers by banks and NBFCs at a fair rate to help them afford a used automobile.

As used cars have now become a requirement for everybody, but the expense of used cars is rising steadily every day. This is why a used car loan comes into the equation and completes your dream to be your perfect car owner. A used car loan in Ambala has the essential components of:

  • Lending on a large variety of used cars and multi-use vehicles up to Rs.2.5 Crore
  • Provides personalized and flexible repayment plans with EMIs that are wallet-friendly
  • Experience clear, trouble-free registration, prompt approvals, and fast disbursements
  • Obtain 80% of the used car’s worth as a loan sum for 3 years without evidence of income

Used Car Loan Ambala 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
ICICI 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 Personal Loan Interest Rate for all major banks you can visit: Car Loan Interest Rates

Used Car Loan Ambala Documents Required

For Salaried:-

  • Identity Proof: PAN Card, Voters ID card, Valid Passport copy, Permanent Driving license, NREGA-printed work passport, Letter issued by the National trade register including name & address information
  • Income Proof: Latest Salary Slip, Latest Form 16/Latest ITR
  • Address Proof: Photo Driving License with DOB / Voters card / Passport Copy / Work identity card by NREGA / Letter issued by the state Register of Population providing name information & address /PAN Card
  • Financial statements: Pay credit record over Rs 80,000 for the previous three months

For Self Employed:-

  • Identity Proof: Photo Driving License with DOB / Voters card / Passport Copy / Work identity card by NREGA / Letter issued by the state Register of Population providing name information & address /PAN Card
  • Income Proof: Latest ITR
  • Address Proof: Photo Driving License with DOB / Voters card / Passport Copy / Work identity card by NREGA / Letter issued by the state Register of Population providing name information & address /PAN Card
  • Bank Statement: Last 6 months.

Used Car Loan in Ambala Eligibility Criteria

For Salaried:-

  1. Average size: 21 years
  2. The mean number at maturity of loans: 60 years
  3. Minimum work: a job for at minimum 2 years, with an at least 1 year with the current employer
  4. Average yearly salary: at least Rs 2,50,000 annually, including spousal salary

For Self-Employed:-

  1. Early age: Age 25
  2. Age limit at the term of the loan: 65 years
  3. Average job growth: 3 years at the company
  4. Basic total salary: at least 2.50,000 rs annually

How to Apply for Used Car Loan in Ambala?

The issuance of an Ambala used car loan is a short method with DialaBank. Follow the instructions below and get the lowest prices:

  • Check the website Dialabank
  • Select “ for used car loan readily accessible from the list
  • Include the info regarding the kind of used vehicle and your wages
  • Register for our project team to get through communication with you on your assigned number late.
  • In case of any doubts about both the loan, you could also notify our project managers on phone 9878981166.
  • To enable something like an offline used car loan anyone will need to visit the bank yourself, which may turn out that it was intense for oneself.

Used Car Loan for Major Used Car Manufacturers in Ambala

TABLE WILL APPEAR

Processing Fees / Prepayment Charges on Used Car Loan Ambala

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
ucl_processing_fees

CIBIL Score Required for Used Car Loan in Ambala

The Cibil level is named what describes your abilities to create your points pays off. A strong credit report represents a better payment history which allows the screening process for your used car loan simple which simple to operate. Most all of the time, banks and NBFCs regard a credit score of 750 or above as a successful score to sanction your Ambala bank loan method.

The above performance will vary from bank to bank, once. You would’ve been obligated to pay a high price on the loan volume in case of a weak CIBIL score than the rated value and if your CIBIL score is better then you will have to charge a lower rate of return. However, a CIBIL score from a used car loan is a critical factor.

Used Car Loan Ambala Contact Number

Users can call the number 9878981166 for any such assisting in case of any question over the used car loan in Ambala.

Pre Calculated EMI Table for Used Car Loan Ambala

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

About Ambala

Ambala is positioned at the border with Punjab and Chandigarh, an Indian state. Ambala’s Textile market is a key problem for people from all across the country. This business is the subcontinent’s biggest cloth trade market and has a massive cluster of over 900-1000 wholesale stores. The sector is skilled in hand-loom, silk sarees, suits & shirtings, and other resources for wear.

Used Car Loan EMI Calculator

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