Used Car Loan Balasore

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Best Banks for Used Car Loan Balasore

Feature	HDFC Bank	Private 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 Balasore Features

used car loan Balasore

To claim a trade-in vehicle these days is getting popular rapidly. Because of lesser going through cash and incredible solace, the quantity of the populace needs to used car loan Balasore. Different banks and NBFCs give an alternate whole of credits for the pre-utilized cars and other fous wheelers.

Features:

Some other amazing used car loan Balasore features include:

With the enormously expanded interest for vehicles, the fast strategy for selecting credits for utilized vehicles has comparable highlights.
Balasore has the financing costs truly low for utilized vehicle advances.
Practically all NBFCs offer vehicle credits.
The documentation cycle is quick and issues free
Vehicle advances are effectively accessible through DialaBank.

Used Car Loan Balasore Interest Rate

Check the Car Loan Interest rates for used cars:

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	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 Balasore Documents Required

For Salaried:-

Any of the following documents required for car loan for identity and residence proof:

Identity Proof: PAN Card, Voters ID card, Passport copy, Driving License
Income Proof: Latest 3-month salary slip with form 16
Address Proof: Driving license / Voters card / Passport Copy / Ration card / Electricity Bill / Life Insurance Policy /PAN Card
Bank Statement: Last 6 months.

For Self Employed:-

Identity Proof: PAN Card, Voters ID card, Passport copy, Driving License
Income Proof: Latest ITR
Address Proof: Voters card / Passport Copy / Ration card / Driving license / Electricity Bill / Life Insurance Policy /PAN Card
Bank Statement: Last 6 months.

Used Car Loan Balasore Eligibility Criteria

Following points need to be kept in mind while checking the Car loan Eligibility criteria:

For Salaried:-

Minimum age: 21 years
Maximum age at loan maturity: 60 years
Minimum employment: 1 year in current employment and a minimum of 2 years of employment
Minimum Annual Income: Rs 2.5 lakhs net annual income

For Self-Employed:-

Minimum age: 25 years
Maximum age at loan maturity: 65 years
Minimum employment: at smallest 3 years in sales
Minimum Annual Income: Rs 2.5 lakhs net annual income

How to Apply for Used Car Loan Balasore?

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

Visit our website Dialabank
Click on the car loan option available in the menu
Fill in the details regarding the 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 of a car loan offline you will have to visit the branch personally, which might turn to be hectic for you.

Used Car Loan for Major Car Manufacturers in Balasore

TABLE WILL APPEAR

Processing Fees / Prepayment Charges on Used Car Loan Balasore

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
Prepayment Charges	>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 Balasore

The CIBIL Score makes it easier for fir banks to trust the applicant with their advanced money. A score of 750 and above it counts as a pretty well-suited credit score for loan approval from almost any bank. The better you manage your credit score, the better is the chance to get the loan approved. The CIBIL code defines the credit score history for the applicant.

Used Car Loan Balasore Contact Number

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

Pre Calculated EMI Table for Car Loan Balasore

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 Balasore

The coastal District of Odhisa in Balasore. Balasore initially names different and has been changed to Balasore. Odhisa has great water places and therefore, Balasore has great water sightseeing destinations to visit. The place has spiritual and historical places to be taken in focus. Balasore was a part of earlier Kalinga that drifted long back in Utkal. Though it is a part of Odhisa now factually a region should belong to West Bengal.