Used Car Loan Balod

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Used Car Loan Balod

Best Banks for Used Car Loan in Balod

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 Balod Features

used car loan balodWhat about driving a used vehicle? But don’t they have the necessary resources for it? Make no cares! There’s a used car loan for you. A used car loan is a means of financing or financial aid given to the beneficiaries by banks and NBFCs at a good rate to help them purchase a used car.

Since used cars are a necessity for everyone, but the cost of used cars is increasing exponentially every day. It is here where a used car loan plays a part and fulfills your ambition to be the owner of your used car vision. A used car loan in Balod has the key features of:

  • Obtain 80% of the car’s worth as a loan sum for 3 years without evidence of income
  • Experience clear, trouble-free production, prompt approvals, and fast disbursements
  • Anytime, anywhere, watch your submission. Get status updates at every phase of your loan application
  • Enjoy doorstep service and fast and clear documentation

Used Car Loan Baalod Interest Rate

Check the latest interest rates of used car loan at dialabank.

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 Balod Documents Required

These are the documents required for used Car loan

For Salaried:-

  • Identity Proof: PAN Card, NREGA ‘s Work Card Given, Letter based on the National Register of Population providing name & user namesVoters ID card, Passport copy, Driving License
  • Income Proof: Latest 3-month salary slip with form 16
  • Address Proof: Driving license / Voters card / Passport Copy / NREGA ‘s Work Card Given / Letter based on the National Register of Population providing name & user names
  • Bank Statement: Last 6 months.

For Self Employed:-

  • Identity Proof: PAN Card, Voters ID card, Passport copy, Driving License, NREGA ‘s Work Card Given, Letter based on the National Register of Population providing name & user names
  • Income Proof: Latest ITR
  • Address Proof: Voters card / Passport Copy /  Driving license / NREGA ‘s Work Card Given / Letter based on the National Register of Population providing name & user names /PAN Card
  • Bank Statement: Last 6 months.

Used Car Loan Balod Eligibility Criteria

This is the eligibility criteria for used  car loan-:

For Salaried:-

  1. Minimum age: 21 years
  2. Maximum age at loan maturity: 65 years
  3. Minimum employment: 1 year in current employment and a minimum of 2 years of employment
  4. Minimum Annual Income: Spousal salary and Rs 2,50,000 net annual 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: minimum of at least Rs 2,50,000 as yearly income

How to Apply for Used Car Loan in Balod?

Availing a used car loan Balod 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 Balod 

TABLE WILL APPEAR

Processing Fees / Prepayment Charges on Car Loan Mumbai

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 Balod

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 Balod.

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.

Note-: Check your CIBIL score for used car loan at dialabank.

Used Car Loan Balod Contact Number

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

Pre Calculated EMI Table for Used Car Loan Balod

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 Balod

The Temple of Ganga Maiya is situated in Jhalmala, near Balod-Durg Road, in Chattisgarh’s Balod Tehsil. It is a place of worship of historic significance. There are a glorifying bliss and a very enchanting background to this temple. Originally, the Ganga Maiya temple was built in the shape of a small hut by a local fisherman. Balod’s local religious belief is linked to the origin of Temple Ganga Maiya.

Used Car Loan EMI Calculator