Used Car Loan Bhandara

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Rates as low as 13.60%*
Up to 100% Funding
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Best Banks for Used Car Loan in Bhandara

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 Bhandara Features

Used car loan Bhandara

Don’t be afraid! Simply skip the trouble part with Dialabank and use a simple Used Car Loan under your name. The easiest way to accept your Used Car Loan Bhandara and make your dream to own a car with Dialabank come true.

You are just a few simple steps away from using a Used Car Loan in your city with Dialabank without worrying needless formalities.

With the simplest loan approval and processing, it is no longer prohibited to want to buy a vehicle. What’s waiting for, then? With attractive offers in your area, get the car of your choice in a few easy steps.

  • Avail pocket-friendly Used Car Loans on a wide variety of used cars for up to 2.5 crores.
  • Also, get personalized support from research to loan processing to get the used car of your choosing.
  • The versatile period of loans ranges from 12 months to 84 months.
  • At your convenience, you get to pick your repayment schedule.

Used Car Loan Bhandara 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 Bhandara Documents Required

For Salaried:-

1.Address and identity evidence may be any of the following:

  • Passport: True
  • A Permanent Driving [recent, legible, laminate] license
  • ID Card for Voters
  • NREGA job card released
  • The letter released by the National Population Registry providing details of the applicant’s name and address

2. Evidence of revenue can be any of the following:

  • Latest Slip in Pay
  • The New Form 16

3. Any of the following can be applied for signature verification:

  • Copy of The Passport
  • Picture Driving License (recent, legible, laminated) with DOB
  • Credit Card Copy Statement by Credit Card
  • Verification from the banker

For Self Employed:-

1. The evidence of an address may be any of the following:

  • The Memorandum and Relationship Papers
  • Bill on Electricity
  • Telephone Recharge
  • Accreditation Certificate

2. Whichever of the following can be used for address verification:
Copy of passport/driving license with DOB / Credit card statement with credit card copy/ Banker’s verification / Copy of Margin money charged to the bank.
3. Memorandum of Association and Articles / Certificate of Incorporation as the applicant’s age verification.
4. Memorandum and Articles of Association / Incorporation Certificate as identification

5. The New ITR and audited balance sheet along with profit and loss report as evidence of sales.

Used Car Loan Bhandara Eligibility Criteria

For Salaried:-

  1. The applicant must have been a Pvt employee. Ltd. Business, doctor, CA, lawyer, public sector enterprise comprising local, federal, or central agencies.
  2. The borrower should be at least 21 years of age when applying for a loan and no more than 60 years of age at the time of the closing of the loan.
  3. 2-year work experience with either business along with recorded documentation of a 1-year career in the current company.
  4. The income requirements are that the person should receive a minimum of 2,50,000 per annum, including the earnings of the spouse for Used Car Loan Vrindavan.

For Self-Employed:-

  1. The applicant must be the sole owner of the company run by the applicant.
  2. For each year, Rs. 2,50,000 should be received at any rate.
  3. Individuals should have either a residence or the phone line of a company.

Used Car Loan for Major Used Car Manufacturers in Bhandara

TABLE WILL APPEAR

Processing Fees / Prepayment Charges on Used Car Loan Bhandara

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 Bhandara

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 Bhandara

It is known as the ‘Lakes District.’ With agriculture, industry, and forest resources, Bhandara has a mixed economy. Bhandara is known for its significant rice production. Tumsar, a town in Tahsil, is a renowned rice market.

Used Car Loan EMI Calculator