Used Car Loan Baghpat

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Buy Your Dream Car

Rates as low as 13.60%*
Up to 100% Funding
Doorstep Service
Hassle-free Disbursal
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Best/Top Banks for Used Car Loan in Baghpat

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 Baghpat Features

used car loan baghpatThinking of purchasing a used car? But don’t have the required funds for it? Do not worry! A used car loan is here for you. A used car loan is a means of funding or financial help provided by banks and NBFCs to the applicants at an affordable rate of interest to aid them in buying a used car.

Since used cars have become a necessity for everyone, but the cost of used cars is growing rapidly daily. This is where a used car loan comes into play and fulfills your desire to be the owner of your dream used car. The main features of a used car loan in Baghpat are:

  • Hassle, and free process complex.
  • Fast and simple approvals and disbursals for loans.
  • Simple pick-up service from your door for documents.
  • Up to 85 percent of the car’s value as a 5-year loan amount, and that too without any proof of income.

Used Car Loan Baghpat 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

Used Car Loan Baghpat Documents Required

For Salaried:-

Any of the following documents as identity & Address 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 proof of income:

  • Latest Salary Slip
  • Latest Form 16/Latest ITR
  • Bank Statements for the previous 6 months

For Self Employed:-

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

Used Car Loan Baghpat Eligibility Criteria

For Salaried:-

  1. Minimum age: 21 years
  2. Maximum age at loan maturity: 60 years
  3. Minimum employment: Individuals who at least have had a job for 2 years, with a minimum of 1 year with the present employer.
  4. Minimum Annual Income: 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.

For Self-Employed:-

  1. Minimum age: 25 years
  2. Maximum age at loan maturity: 65 years
  3. Minimum employment: at smallest 3 years in sales
  4. Minimum Annual Income: Rs. 2,50,000 per annum should be a minimum earning.

How to Apply for Used Car Loan in Baghpat?

Availing a used car loan Baghpat is an easy process with DialaBank. Follow the following steps to avail the best offers:

  • Visit our website Dialabank
  • Click on the used car loan option available in the menu
  • Fill in the details regarding the used car type and your income
  • Wait as our relationship manager will soon get in touch with you on your provided number.
  • You may also contact our relationship managers on the number 9878981166 in case of any queries regarding the loan.
  • For availing a used car loan offline you will have to visit the branch personally, which might turn to be hectic for you.

Used Car Loan for Major Used Car Manufacturers in Baghpat

TABLE WILL APPEAR

Processing Fees / Prepayment Charges on Used Car Loan Baghpat

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 Required for Used Car Loan in Baghpat

The Cibil score is referred to as what defines your ability to pay off your credits. A higher Credit score means good credit history and makes your used car loan application process smooth and easy to be processed. Mostly, banks and NBFCs consider a credit score of 750 and above as a good score to approve your loan application process in Baghpat.

This score may again vary from bank to bank. In case of a low CIBIL score than the required value, you will be required to pay a high rate interest rate on the loan amount while if your CIBIL score is good then you may have to pay a low rate of interest. Thus, a CIBIL score is an important factor in a used car loan.

Used Car Loan Baghpat Contact Number

In case of any queries regarding the used car loan in Baghpat, you may contact on the number 9878981166 for any sort of assistance.

Pre Calculated EMI Table for Used Car Loan Baghpat

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 Baghpat

In the Indian state of Uttar Pradesh, Baghpat is a town. It is the Bagpat district administrative headquarters, built-in 1997. It is part of the Area of the National Capital.

Used Car Loan EMI Calculator

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