Used Car Loan Banga

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Buy your dream Car

Rates as low as 8.50%*
Up to 100% Funding
Doorstep Service
Hassle-free Disbursal
Unbiased Experts Advice
Best Banks for Used Car Loan in Banga

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 Banga FeaturesUsed Car Loan Banga

  • Used Car Loans are readily accessible for DialaBank
  • Follow simple hassle-free processing, fast approvals, and fast disbursals
  • Track your application anytime, anywhere. Get rank updates about your loan request at every stage
  • Get personalized direction to take a car that fits your specific needs
  • Bonus from end-to-end advisory- from analysis to the title change
  • Almost all major banks and NBFCs offer Used Car Loans in Banga
  • Experience doorstep service and fast and simple documentation
  • Get between 3 to 6 times your yearly salary, and use up to 100% of the cost of the car*

*Age of Car at loan advancement should not pass 10 years.

  • Get 80% of the value of the car as a loan amount for 3 years without income proof
  • Get 85% of the value of the car as a loan amount for 5 years without income proof

Used Car Loan Banga 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 Personal Loan Interest Rate for all major banks you can visit: Car Loan Interest Rates

Used Car Loan Banga Documents Required

For Salaried:

Identity and residence proof:

  • Valid Passport
  • Voter ID Card
  • Permanent Driving License
  • Job Card
  • Letter issued by the National Population Register

Income proof:

  • Latest Salary Slip
  • Latest Form 16/Latest ITR
  • Bank statement of last 6 months

Signature proof:

  • Passport Copy
  • Photo Driving License with DOB
  • Credit card statement with Credit Card Copy
  • Banker’s verification

For Self Employed:

  1. Age proof, the records needed are Memorandum also Articles of Association/Certificate of Incorporation
  2. Identity proof, the documents needed are Memorandum including Articles of Association/Certificate of Business
  3. Income Proof, there is a position of the Latest ITR and balance covering with profit and loss account
  4. Address Proof Documents: Memorandum and Articles of Association, Certificate of Incorporation, Telephone Bill, Electricity Bill
  5. Sign Verification Test: Passport Copy, Photo Driving Permit amidst DOB, Credit Card Statement, Banker’s Acceptance

Also, the Used Car Loan can be used in the next type of firms as well:

  • Partnership Firms
  • Sole Proprietorship
  • Public Limited Companies

Used Car Loan Banga Eligibility Criteria

For Salaried:-

  1. Minimum age: least age rule is 21 years
  2. Maximum age at loan maturity: highest age guidelines is 60 years
  3. Minimum employment: 1 year in modern employment and 2 working years of profession
  4. Minimum Annual Income: Rs. 2,50,000 net annual income

For Self-Employed:-

  1. Minimum age: 21 years
  2. Maximum age at loan maturity: 60 years
  3. Minimum employment: 3 years
  4. Minimum Annual Income: Rs. 2,50,000 per annum

The following type of firm are also eligible to take a pre-owned Used Car Loan Banga:

  • Sole Proprietorship
  • Partnership Firms
  • Public Limited Companies
  • Hindu Undivided Family

How to Apply for Used Car Loan in Banga?

Availing a Used Car Loan Banga is an easy process with DialaBank. Just you require to understand the subsequent steps to avail the best suggestions on loan:

  • Visit our website Dialabank
  • Bang on the Used Car Loan choosing available in the menu bar
  • Fill in the aspects regarding the car standard and your salary(yearly)
  • Wait as our connection manager will soon get in touch with you on your provided figure.
  • You may also reach our communication directors on the number 9878981166 in case of any questions concerning the loan.
  • For availing a Used Car Loan in Banga offline you will have to attend the branch individually, which might turn to be excited for you.

Used Car Loan for Major Car Manufacturers in Banga

TABLE WILL APPEAR

Processing Fees / Prepayment Charges on Used Car Loan Banga

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
ucl_processing_fees

Pre Calculated EMI Table for Used Car Loan Banga

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 Banga

Banga is a town and community committee in the Shahid Bhagat Singh Nagar area of Punjab, India. Banga is additionally one of the sub-division (tehsil) quarters of the district. Banga found on the Phagwara-Rupnagar part of National Highway 344A.

Used Car Loan EMI Calculator

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