Used Car Loan Baramulla

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

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 Baramulla FeaturesUsed Car Loan Baramulla

  • Used Car Loans are easy at low-interest rates
  • Enjoy preferred pricing
  • Practice easy, hassle-free processing, quick approvals, and expeditious disbursals
  • Track your application anytime, anywhere. Get state updates about your loan demand at every step
  • Avail of possible repayment plans with pocket-friendly EMIs
  • Almost all higher banks and NBFCs offer Used Car Loans in Baramulla
  • The documentation method is quick and hassle-free
  • Used Car Loans are readily available for DialaBank
  • Get 80% of the value of the car as a loan amount for three years without income proof
  • Get 85% of the value of the vehicle as a loan amount for five years without income proof

Used Car Loan Baramulla 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 Baramulla 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 the last six 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 documents needed are Memorandum also Articles of Association/Certificate of Business
  2. Identity proof, the records needed are Memorandum also Articles of Association/Certificate of Business
  3. Income Proof, there is a form of the Latest ITR and balance sheet with profit and loss account
  4. Address Proof Documents: Certificate of Incorporation, Telephone Bill, Memorandum and Articles of Association, Electricity Bill
  5. Sign Verification Proof: Photo Driving Permit with DOB, Credit Card Statement, Passport Copy, Banker’s Confirmation

Also, the Used Car Loan can be obtained in the latter type of firms as well:

  • Partnership Firms
  • Sole Proprietorship
  • Public Limited Companies

Used Car Loan Baramulla Eligibility Criteria

For Salaried:-

  1. Minimum age: smallest age criteria is 21 years
  2. Maximum age at loan maturity: most age criteria is 60 years
  3. Minimum employment: 1 year in modern work and two working years of employment
  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 latter type of firms are also available to take a pre-owned Used Car Loan Baramulla:

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

How to Apply for Used Car Loan in Baramulla?

Availing a Used Car Loan Baramulla is a secure process with DialaBank. Now you need to understand the subsequent steps to satisfy the most helpful suggestions on loan:

  • Visit our website Dialabank
  • Click on the Used Car Loan option accessible in the menu bar
  • Fill in the aspects regarding the car representation and your interest(yearly)
  • Wait as our contact 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.
  • During availing a Used Car Loan in Baramulla offline, you will have to revisit the branch individually, which might be exciting for you.

Used Car Loan for Major Car Manufacturers in Baramulla

TABLE WILL APPEAR

Processing Fees / Prepayment Charges on Used Car Loan Baramulla

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

Pre Calculated EMI Table for Used Car Loan Baramulla

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 Baramulla

Baramulla is a city and a district in the Baramulla district in the Indian union area of Jammu and Kashmir. It is on the edge of the Jhelum River downstream from Srinagar, the state capitol. The city was earlier associated with Varahamula.

Used Car Loan EMI Calculator

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