Used Car Loan Ashoknagar

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Used Car Loan Ashoknagar

Best Banks for Used Car Loan Ashoknagar

Private Bank
Kotak Mahindra Bank
Interest Rate
8% - 8.4 %
8.5 - 9.5 %
Min Loan Amt
Metro : 1 Lac & Non Metro: 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
Loan to Value (LTV)
Upto 100% on Ex- showroom
Upto 95% on Ex- showroom
Upto 90% on Ex- showroom

Used Car Loan Ashoknagar Features

Used Car Loan Ashoknagar

Have you been longing to own a car for quite a while now?

Does your wallet ask you to stop?

But not anymore with Dialabank. Whichever Used Car you plan to own you are just one step away from documenting it under your name. All you have to do is reach out to our customer assistance and rest will be assured from loan processing to research will be taken care of.

With Dialabank say no to over-thinking and welcome the Used Car of your choice with the help of Used Car Loan Ashoknagar.

A good CIBIL score provides an opportunity to negotiate and reduce the car loan interest rate to a certain extent

A good CIBIL score is an unsaid requirement as it provides an insight to the provider about your financial behaviour.

Dialabank is the bridge between the customers and the car providers.

  • Also, get customized and Personalized help to get the used car of your choice from research to loan processing.
  • Avail pocket-friendly Used Car Loans up to 2.5 crores on a wide range of used cars in your city.
  • You get choose the repayment plans that suits you.
  • Get the Flexible loan tenure ranging from 12 months to 84 months.
  • The bank provides you with the Doorstep service with simple documentation.
  • Transparent and hassle-free processing of the loan.
  • You are updated about your loan application at every stage of the loan processing.
  • Track your application anytime, anywhere.

Used Car Loan Ashoknagar 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 0.01 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 Ashoknagar Documents Required

The Following are the essential documents required for Car Loan Ashoknagar:

Salaried Individuals:

1.Proof of address and identity:

  1. Valid Passport
  2. A Permanent Driving license [recent, legible, laminate]
  3. Voters ID Card
  4. Job card issued by NREGA
  5. Letter issued by the National Population Register containing details of name & address of the applicant

2. Proof of income:

  1. Latest Salary Slip of the applicant
  2. The Latest Form 16 is obligatory to submit

3. For signature verification:

  • The Passport Copy
  • Photo Driving License with DOB (recent, legible, laminated)
  • Credit Card Statement with Credit Card Copy
  • Banker’s Verification of the applicant

Self-employed Individual

1.Address proof:

  • The Memorandum and articles of association
  • Electricity Bill
  • Telephone Bill
  • Certificate of incorporation of the applicant

2. For address verification:

  • Passport copy
  • driving license copy with DOB
  • Credit card statement with credit card copy
  • Banker’s verification
  • Copy of Margin money paid to the bank by the applicant

3. Memorandum and Articles of Association/Certificate of Incorporation as age proof of the applicant.

4. Memorandum and Articles of Association/Certificate of Incorporation as an identity proof of the applicant.

5. The Latest ITR and audited balance sheet along with profit & loss account of the applicant as proof of income.

Used Car Loan Ashoknagar Eligibility Criteria

eligibility criteria for a car loan are the completion of the following conditions:

Salaried Individuals:

  • The applicant must be an employee of  the Pvt. Ltd. company, doctor, CA, lawyer, public sector undertaking that includes local, state, or central bodies.
  • The applicant should be of a minimum of 21 years of age while applying for a loan and a maximum of 60 at the time of tenure closure of the loan.
  • An employment experience of 2 years in any company along with documented proof of 1-year employment in the current company.
  • The income criteria are the individual should earn a minimum of 2,50,000 per annum inclusive of the spouse’s earning is mandatory for Used Car Loan Ashoknagar.

Self Employed Individuals:

  • The applicant must be the sole proprietor of the organization that he/she operates.
  • Should earn at any rate Rs. 2,50,000 for every year.
  • The individuals should have either a residence or a company’s telephone line.

Used Car Loan for Major Car Manufacturers in Ashoknagar


Processing Fees / Prepayment Charges on Used Car Loan Ashoknagar

Category Details
Processing Charges
1999 - 4999 + Tax
No prepayment is allowed until 12 EMIs are paid
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 Ashoknagar

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

Used Car Loan EMI Calculator

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