Used Car Loan Bharuch

Best Banks for Used Car Loan in Bharuch

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 Bharuch FeaturesUsed Car Loan Bharuch

Avail of loan up to Rs.2.5 crore on a vast assortment of used cars and multi-utility vehicles.

Get among 3 to 6 times of your annual income, and get up to 100% of the price of the car*

Bonus from end-to-end consultatory.

Get personalized guidance to take a car that meets your specific requirements.

Practice clear hassle-free processing, quick permissions.

Enjoy doorstep assistance and quick and simple documentation.

Get 80% of the cost of the car as a loan sum for 3 years without income verification.

Get 85% of the cost of the car as a loan sum for 5 years without income documentation.

*Offers on particular models. Terms & conditions implement on Used Car Loan Bharuch.

Used Car Loan Bharuch 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

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Used Car Loan Bharuch Documents Required

Documents required for car loan are as followed:

For Salaried:-

  • Verification Proof: Passport Copy, Photo Driving Permit with DOB (current, legible, covered), Credit Card Statement with Credit Card Copy, Banker’s Confirmation, Copy of Margin Money Given to the Bank
  • Income Proof: Latest Salary Slip, Latest Form 16/Latest ITR, salary account statement for salary credits above Rs. 80,000 for the previous 3 months
  • Address Proof: Valid Passport / Permanent Driving license [recent, legible, laminate] / Voters ID Card / Job card published by NREGA / Letter issued by the National Population Register including details of name & address

For Self Employed:-

  • Verification Proof: Passport Copy, Photo Driving Consent with DOB (recent, clear, laminated), Credit Card Statement including Credit Card Copy, Banker’s Verification, Copy of Margin Money Advanced to the Bank
  • Income Proof: Latest ITR
  • Address Proof: Memorandum plus Articles of Association, Certification of Business, Electricity Bill, Telephone Bill
  • Bank Statement: Last 6 months.

The above-mentioned data of Used car loans are also efficient for:

  • Single Proprietorship
  • Business Firms
  • Private Limited Corporations

Used Car Loan Bharuch Eligibility Criteria

The car loan eligibility requirements are as followed:

For Salaried:-

  1. Least age: 21 years
  2. Highest age at loan maturity: 65 years
  3. Least employment: 1 year in current employment and a minimum of 2 years of employment
  4. Minimum yearly Income: Rs 1,00,000 net annual income

For Self-Employed:-

  1. Least age: 21 years
  2. Highest age at loan maturity: 65 years
  3. Smallest employment: at smallest 3 years in sales
  4. Minimum Annual Income: Net profit Rs. 60,000 p.a for simple cars furthermore Rs.1,00,000 p.a. for mid-sized and prime cars

How to Apply for Used Car Loan in Bharuch?

Availing a Used Car Loan Bharuch is an easy process with DialaBank. Follow the subsequent steps to avail the most suitable offers:

  • Visit our website Dialabank
  • Click on the Used Car Loan option available in the menu
  • Fill in the features of the car type and your salary
  • Serve as our contact manager will soon get in touch with you on your given number.
  • You may also reach our contact managers on the number 9878981166 in case of any questions regarding the loan.
  • For availing a Used Car Loan offline you will have to visit the branch personally, which might turn to be hectic for you.

Used Car Loan for Major Car Manufacturers in Bharuch

TABLE WILL APPEAR

Processing Fees / Prepayment Charges on Used Car Loan Bharuch

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

CIBIL Score Required for Used Car Loan in Bharuch

The CIBIL score is assigned to what determines your ability to pay off your balances. A higher Credit score means good credit history and makes your Used Car Loan application process smooth and easy to be processed. Mostly, banks and NBFCs consider a credit score of 750 and above as a good score to approve your loan application process in Bharuch.

This score may repeatedly change from bank to bank. In event of a low CIBIL score than the necessary value, you will be asked to pay a high rate interest rate on the loan sum while if your CIBIL score is good then you may have to spend a low rate of interest. Thus, a CIBIL score is an important factor in a Used Car Loan.

Used Car Loan Bharuch Contact Number

In case of any queries regarding the Used Car Loan in Bharuch, you may contact on the number 9878981166 for any sort of assistance.

Pre Calculated EMI Table for Used Car Loan Bharuch

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 Bharuch

Bharuch, previously known as Broach, is a city at the opening of the river Narmada in Gujarat in western India. Bharuch is the official headquarters of Bharuch District.

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Used Car Loan EMI Calculator