Used Car Loan Bhainsa

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Used Car Loan Bhainsa

Best/Top Banks for Used Car Loan in Bhainsa

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 Bhainsa Features

Used Car Loan BhainsaWhat about buying a new car? But don’t they have had the funds necessary for it? Haven’t ever worry! A used credit score is for you here. Buy an old car loan is a form of financing or financial help given to the borrowers by banks and NBFCs at a fixed interest rate to assist them in owning a used car.

Even when used cars have been a staple for everyone, the expense of used cars is rising exponentially every day. This is where a luxury car loan comes into play and satisfies your want to be the owner of the used car of your dream. In Bhainsa, the major components of a used car loan are:

  • Take 80 percent of the property’s value as the balance of the loan for 3 years without income verification
  • Lease 85 percent of the car’s worth as a 5-year loan without verification of income
  • Profit from end-to-end outsourcing — from study to the distribution of titles
  • Get tailored aid in choosing a car that addresses your unique needs

Used Car Loan Bhainsa 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 Bhainsa Documents/Certificates Required

For Salaried:-

  • (Identity Proof): PAN Card, NREGA employer given, Mail provided by the National Registry of Populations comprising a name and address particulars, Voters ID card, Passport copy, Driving License
  • (Income Proof): 3-month salary copy with form 16
  • (Address Proof): PAN Card, NREGA employer given, Mail provided by the National Registry of Populations comprising a name and address particulars, Voters ID card, Passport copy, Driving License
  • (Bank Statement): Approx. 6 months.

For Self Employed:-

  • (Identity Proof): PAN Card, NREGA employer given, Mail provided by the National Registry of Populations comprising a name and address particulars, Voters ID card, Passport copy, Driving License
  • (Address Proof): NREGA employer given / Mail provided by the National Registry of Populations comprising a name and address particulars / Voters card / Passport Copy /PAN Card
  • (Wage Proof): Salary slip and income tax return i.e ITR
  • (Bank Statement): Approximately recent 6 months

Used Car Loan Bhainsa Criteria For Eligibility

For Salaried:-

  1. Minimum% age: 21 years as least age
  2. Maximum% age at loan maturity: 60 years as least age
  3. Minimum% employment:1 year in work history and 2 years at the very least
  4. Minimum% Annual Income: All who pay nearly 2.50,000 Rs a year, along with the family’s income

For Self-Employed:-

  1. Minimum% Annual Income: Acquire an annual allowance of Rs. 2,50,000
  2. Minimum% age: 25 years
  3. Maximum% age at loan maturity: 65 years
  4. Minimum% employment: In profits for the weakest 3 years

How to Apply/Register for Used Car Loan in Bhainsa?

The provision of a used car finance Bhainsa with DialaBank is a simple operation. Follow the procedure below to get the best prices available:

  • Access our Dialabank portal
  • Click the button for used car loan offered in the summary
  • Drop in the specifics of the form of used car and your salary.
  • Wait for our service provider to contact you on your particular amount soon.
  • In the event of any questions about the credit, you can also notify our managers on 9878981166.
  • To make use of an external used car loan, you’ll need to visit the bank directly, which might start out to be exhausting for you.

Major Used Car Manufacturers in Bhainsa

TABLE WILL APPEAR

Prepayment Fees / Charges on Used Car Loan Bhainsa

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

Required CIBIL Score for Used Car Loan in Bhainsa

The Cibil score is regarded as to what decides your money to cover off your credits. A better credit history means a stronger payment history and makes the selection process for your used car loan smoother and easy to maintain. Most of the time, banks and non – banking finance companies consider a payment history of 750 or above and as a reasonable score for approving your Bhainsa loan employment application.

You would be asked to pay a high car loan interest rate on the loan sum in case of a poor CIBIL score than the measured value however if your CIBIL score is decent then you’d have to pay a low-interest rate. A CIBIL score is also an important factor to consider for a loan for a used vehicle.

Used Car Loan Bhainsa Phone Number

You should request 9878981166 for any form of government assistance if you have any concerns about the Used Car Loan in Bhainsa.

Pre Estimated EMI Table for Used Car Loan in Bhainsa

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 Bhainsa

The Bhainsa (Adilabad) Sub Post Office underneath the Telangana Postal Code offers customers such as Kisan Vikas Patra (KVP), Public pension scheme (PPF), National Savings Codes (NSC), Sukanya Sammridhi Scheme (SSS) with a variety of financial services. It also provides a variety of traditional schemes that are provided by most banks in India include reliability assessment, fixed deposit, recurrent deposits.

Used Car Loan EMI Calculator