Used Car Loan Cuddalore

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Buy Your Dream Car

Rates as low as 13.60%*
Up to 100% Funding
Doorstep Service
Hassle-free Disbursal
Unbiased Experts Advice

Best/Top Banks for Used Car Loan in Cuddalore

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 Cuddalore Features

used car loan cuddaloreOnly considering purchasing a car? But don’t they do have the funds needed for it? Make no doubts! There’s a used car loan here with you. A used car loan is a source of payment or cash help given to customers at a reasonable real interest rate by banks and NBFCs to help them acquire a car.

As cars are now a necessity for everybody, but the value of used cars is rising increasing daily. This is where you come into effect with a used car loan and meet your dream to be the buyer of your perfect used car. A used car loan in Cuddalore has the major elements of:

  • Profits from end-to-end consultation — from study to the transition of titles
  • Get design aid in choosing a car that fits your unique needs
  • Consistent, hassle-free application experience, easy approvals, and rapid disbursements
  • Track your submission anywhere, anytime. Get status updates at any point on your mortgage loan

Used Car Loan Cuddalore 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 Cuddalore Documents Required

For Salaried:-

  • Identity Proof: PAN Card, Voters ID card, Passport copy, Driving License, NREGA general contractor distributed, Letter based on the national Registry of Populations providing name and address data
  • Income Proof: Latest 3-month salary slip with form 16
  • Address Proof: Driving license / Voters card / Passport Copy /PAN Card / NREGA general contractor distributed / Letter based on the national Registry of Populations providing name and address data
  • Bank Statement: Last 6 months.

For Self Employed:-

  • Identity Proof: PAN Card, Voters ID card, Passport copy, Driving License, NREGA general contractor distributed, Letter based on the national Registry of Populations providing name and address data
  • Income Proof: Latest ITR with salary slips
  • Address Proof: Voters card / Passport Copy / NREGA general contractor distributed / Letter based on the national Registry of Populations providing name and address data/ Driving license /PAN Card
  • Bank Statement: Last 6 months.

Used Car Loan Cuddalore Criteria for Eligibility

For Salaried:-

  1. Minimum age: 21 years
  2. Minimum employment: 1 year in current employment and a minimum of 2 years of employment
  3. Minimum Annual Income: Net profit of Rs 2,50,000 along with husband/wife earnings
  4. Maximum age at loan maturity: 60 years

For Self-Employed:-

  1. Minimum age: 25 years at its minimum
  2. Maximum age at loan maturity: 65 years at its minimum
  3. Minimum employment: 3 Years in the same position
  4. Minimum Annual Income: Net worth as minimum of Rs 2,50,000

How to Apply for Used Car Loan in Cuddalore?

The purchase of a used car loan Cuddalore with DialaBank is a minor procedure. Follow the given steps below to get the best prices:

  • Contact our Dialabank website
  • Right-click for used car loan eligible from the dashboard
  • Drop in the specifics of the type of vehicle used and your wages.
  • Wait for our financial advisor to get in contact with you on your assigned number shortly.
  • In the event of any questions about the loan, you can also reach our project managers on 9878981166.
  • To make something like an offline used car loan you’ll need to visit the bank directly, which could turn out to be hectic for you.

Major Used Car Manufacturers in Cuddalore

TABLE WILL APPEAR

Processing Fees / Prepayment Charges on Used Car Loan Cuddalore

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 Cuddalore

The borrower’s credit rating is regarded as what indicates your funds to meet off your loans. A higher credit report indicates a strong credit rating and makes the selection process for your used car loan quick and easy to process. Often, credit history of 750 and above is recognized by banks and NBFCs as a successful score to clear your loan modification process in Cuddalore.

These scores will vary from company to company, again. You would be expected to pay a high – interest rates on the loan volume in case of a poor CIBIL score than the maximum value whereas if your CIBIL score is decent then you’d have to pay a poor rate of inflation. A CIBIL score is also a significant aspect of a used car payment.

Used Car Loan Cuddalore Contact Number

For any requests about the used car loan in Cuddalore, you can request for any kind of help on number 9878981166.

Pre Calculated EMI Table for Used Car Loan Cuddalore

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 Cuddalore

One of the fastest-growing cities in the state of Tamil Nadu is Cuddalore, located on the coast of the Bay of Bengal. The word Cuddalore translates to “Water Town” in the Tamil language, and beautiful beaches indeed abound in the town. Also, the city is renowned for its beautiful temples.

Used Car Loan EMI Calculator

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