Used Car Loan Barwaha

Best Banks for Used Car Loan in Barwaha

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 Barwaha FeaturesUsed Car Loan Barwaha

  • Used Car Loans are possible at low-interest rates
  • Enjoy preferred pricing
  • Practice manageable hassle-free processing, quick approvals, and immediate disbursals
  • Track your application anytime, anywhere. Get standing updates about your loan demand at every frame
  • Avail of comfortable and convenient repayment programs with pocket-friendly EMIs
  • Almost all essential banks and NBFCs offer Used Car Loans in Barwaha
  • The documentation method is quick and hassle-free
  • Used Car Loans are easily obtainable through 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 Barwaha 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 Barwaha 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 reports required 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, Passport Copy, Credit Card Statement, Banker’s Witness

Also, the Used Car Loan can be obtained in the following kind of firms as well:

  • Partnership Firms
  • Sole Proprietorship
  • Public Limited Companies

Used Car Loan Barwaha Eligibility Criteria

For Salaried:-

  1. Minimum age: merest age criteria is 21 years
  2. Maximum age at loan maturity: supreme age criteria is 60 years
  3. Minimum employment: 1 year in the modern profession 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 following sample of firms are also available to take a pre-owned Used Car Loan Barwaha:

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

How to Apply for Used Car Loan in Barwaha?

Availing a Used Car Loan Barwaha is a secure manner with DialaBank. Presently you need to follow the following steps to help the most generous offers on loan:

  • Visit our website Dialabank
  • Click on the Used Car Loan option accessible in the menu bar
  • Fill in the aspects concerning the car type and your income (yearly)
  • Wait as our contact executive will soon get in touch with you on your provided figure.
  • You may also influence our contact managers on the number 9878981166 in case of any questions concerning the loan.
  • For availing a Used Car Loan in Barwaha offline, you will have to visit the branch personally, which might turn to be excited for you.

Used Car Loan for Major Car Manufacturers in Barwaha

TABLE WILL APPEAR

Processing Fees / Prepayment Charges on Used Car Loan Barwaha

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 Barwaha

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 Barwaha

Barwaha is a village in Khargone district in the state of Madhya Pradesh, India. The Barwaha town is cut into 18 wards for which options are kept every five years. The Barwaha Municipality has a community of 39,973.

Used Car Loan EMI Calculator

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