Used Car Loan Armoor

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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/Top Banks for Used Car Loan in Armoor

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 Armoor Features

Used car loan ArmoorStill, looking at buying a car? But don’t they have the necessary money for it? Make no regrets! There’s a used car loan together for you. A used car loan is a means of financing or financial help given to the buyers by banks and NBFCs at a decent interest rate to help them purchase a used car.

As used cars have become a necessity for all, the cost of used cars is growing increasingly on a constant basis. This is where you come into play with a used car loan and achieve your wish to be the owner of your dream used car. A used car loan in Armoor has the major characteristics of:

  • Clear, hassle-free application experience, quick approvals, and rapid disbursements
  • Tracking your request anywhere, anytime. Get statuses at any point on your loan application
  • Enjoy backyard service and fast and clear documents
  • Flexible repayment terms have between 12 months and 84 months

Used Car Loan Armoor 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 Car Loan Interest Rate for all major banks you can visit: Car Loan Interest Rates

Car Loan Mumbai Documents Required

Documents required to avail of a car loan :

For Salaried:-

  • “Income Proof” Criteria: 3-month salary slip with form 16
  • “Address Proof” Criteria: Driving license / Voters card / Passport Copy / NREGA staff member provided / Letter given by the National Registry of Populations consisting name and address data /PAN Card
  • “Identity Proof” Criteria: PAN Card, Voters ID card, Passport copy, NREGA staff member provided, Letter given by the National Registry of Populations consisting name and address data, Driving License
  • “Bank Statement” Criteria: Last 6 months.

For Self Employed:-

  • “Identity Proof” Criteria: PAN Card, NREGA staff member provided, Letter given by the National Registry of Populations consisting name and address data, Voters ID card, Passport copy, Driving License
  • “Address Proof” Criteria: Voters card / NREGA staff member provided / Letter given by the National Registry of Populations consisting name and address data / Passport Copy / Driving license / PAN Card
  • “Bank Statement” Criteria: Last 6 months.
  • “Income Proof” Criteria: ITR

Used Car Loan Armoor Criteria for Eligibility

Eligibility criteria to get a car loan :

A good CIBIL score is a must before applying for a loan other than a gold loan. Making sure your CIBIL score is good before applying for a loan is a good practice.

For Salaried:-

  1. “Maximum age at loan maturity” Criteria: 60 years
  2. “Minimum employment” Criteria: 1 year at present employment and an equal to 2 years at work
  3. “Minimum Annual Income” Criteria: Earn nearly Rs 2,50,000 a year, except spousal earnings
  4. “Minimum age” Criteria: 21 years

For Self-Employed:-

  1. “Minimum age” Criteria: 25 years
  2. “Maximum loan maturity” Criteria: 65 years
  3. “Minimum employment” Criteria: at smallest 3 years in sales
  4. “Minimum Annual Income” Criteria: Rs. 2,50,000 per year minimum

How to Apply/Register for Used Car Loan in Armoor?

Going to apply for a used car loan Armoor is a way to easy procedure with DialaBank. Follow the steps below to avail the best results:

  • Go through the Website Dialabank
  • Visit on the used car loan point available in the list
  • Fill in the specifics of the type of car used and your wealth.
  • Pause for our financial advisor to get in contact with you on your assigned number early.
  • In the event of any inquiries about the loan, you can also contact our managers on 9878981166.
  • To make use of an offline used car loan you’ll need to visit the bank directly, which could turn out to be intense for you.

Used Car Loan for Majorly Used Car Producers in Armoor

TABLE WILL APPEAR

Processing Charges / Prepayment Charges on Used Car Loan Armoor

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 Criteria for Used Car Loan in Armoor

The Cibil rating is recognized as what decides your ability to pay off your loans. A higher credit score represents a greater credit history and makes the application process for your used car loan fast and easy to process. In the vast majority of instances, banks and NBFCs consider a credit score of 750 and above as a reasonable score to support your Armoor loan application form.

This performance will vary from area to area, again. In case of a bad CIBIL score, you will be obliged to pay a high-interest rate on the purchase price than the required value because if your CIBIL score is decent, you would have to pay a low expected return. A CIBIL score is also an important factor to consider for a used car loan.

Used Car Loan Armoor Contact Number

You may email 9878981166 for any kind of assistance in the form of any issues about the used car loan in Armoor.

Pre Calculated EMI Table for Used Car Loan Armoor

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 Armoor

Armoor is one of the Nizamabad department’s most key instructional centers. The city is home to 1 Engineering College Kshatriya College of Engineering, and 5 + Degree Colleges and 7 + Advanced Colleges, since they were frequently attracting top ranks from the state.

Used Car Loan EMI Calculator