Best Banks for Used Car Loan Ashoknagar
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 Ashoknagar Features
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.
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
To check Car Loan Interest Rate for all major banks you can visit: Car Loan Interest Rates
Used Car Loan Ashoknagar Documents Required
The Following are the essential documents required for Used Car Loan Ashoknagar:
Salaried Individuals:
1.Proof of address and identity:
- Valid Passport
- A Permanent Driving license [recent, legible, laminate]
- Voters ID Card
- Job card issued by NREGA
- Letter issued by the National Population Register containing details of name & address of the applicant
2. Proof of income:
- Latest Salary Slip of the applicant
- 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
Below are the mandatory norms for availing Used Car Loan Ashoknagar:
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
TABLE WILL APPEAR
Processing Fees / Prepayment Charges on Used Car Loan Ashoknagar
Pre Calculated EMI Table for Used Car Loan Ashoknagar
Used Car Loan EMI Calculator
Table of Contents
- 1 Best Banks for Used Car Loan Ashoknagar
- 2 Used Car Loan Ashoknagar Features
- 3 Used Car Loan Ashoknagar Interest Rate
- 4 Used Car Loan Ashoknagar Documents Required
- 5 Used Car Loan Ashoknagar Eligibility Criteria
- 6 Used Car Loan for Major Car Manufacturers in Ashoknagar
- 7 Processing Fees / Prepayment Charges on Used Car Loan Ashoknagar
- 8 Pre Calculated EMI Table for Used Car Loan Ashoknagar
- 9 Used Car Loan EMI Calculator