Used Car Loan Dharwad

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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 Banks for Used Car Loan in Dharwad

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 Dharwad FeaturesUsed Car Loan Dharwad

A Used Car Loan Dharwad has following features you can enjoy the benefit of when applied with Dialabank:

  • Personalized help and advisory by our much-qualified specialists to pick a car with a manageable repayment tenure arising from twelve months to lessen your burden.
  • Car at loan maturity age shall not exceed ten years, with the most loan period of sixty months and a customized payment method with the simply payable instalments which you can receive a loan up to Rs 2.5 crore worth of the car.
  • Experience doorstep assistance and secure documentation for our customers and acquire up to 100% of the value of the car to the value of 3-6 times your annual pay wherein 85% of the value of the car is availed as a loan amount for 5 years without income proof.

*Terms and Conditions Apply

Used Car Loan Dharwad Interest Rates

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 Personal Loan Interest Rate for all major banks you can visit: Car Loan Interest Rates

Used Car Loan Dharwad Documents Required

For Salaried Individuals:

For Identity and Address Proof:

  • Passport
  • Driving license
  • A letter assigned by the National Population Register mentioning your name and address
  • Voters Identity Card
  • Job card provided by NREGA

For Income verification Proof:

  • Latest Salary Slip
  • Bank Statements for the latest six months
  • Latest Form 16/ Latest Income Tax Return

For Signature Verification Proof:

  • Driving License copy
  • Credit Card Statement and its Copy
  • Verification of your Banker
  • Copy of margin cash paid to the Bank
  • Passport Copy

For Self Employed**:

Income and Age verification proof: Latest Income Tax Return records and audited balance sheet with profit & loss account.

Identity verification proof: Certificate of Incorporation/ Memorandum and Articles of Association.

For Sign Verification Proof:

  • Credit Card Statement and its Copy
  • Copy of marginal cash paid to the Bank.
  • Passport Copy
  • Verification of the Banker
  • Driving License

For Address Proof:

  • Telephone Bill
  • Electricity Bill
  • Memorandum and Articles of Association
  • Certification of Incorporation

**The companies which are also applicable for a Used Car Loan Dharwad city are as mentioned below:

  • Sole Proprietorship
  • Partnership Firms
  • Private Limited Companies
  • Public Limited Companies

Used Car Loan Dharwad Eligibility Criteria

The people who are eligible to apply for a Pre-Owned Car Loan in Dharwad city are as mentioned below:

Salaried Individual:

  • Minimum Work Experience: Applicants who have a minimum job experience of two years and a minimum of 1 year with the current employer.
  • Minimum Earning: People earning a minimum of Rs. 2.5 lakhs per year, the income of the spouse can be considered as included with the candidate’s income.
  • Age Limit: The age of minimum 21 years when applying for the loan, and a maximum of 60 years of age at the termination of the loan.
  • Professionals such as doctors, CAs, private and public limited company employees can apply.

Self Employed***:

  • Applicants who own a private company in the establishment of manufacturing, trading, or service projects.
  • Rs. 2.5 lakhs per year should be a minimum remuneration.
  • People who have an office landline number.

***The following organisations are also eligible for a Used Car Loan Dharwad:

  • Sole Proprietorship
  • Partnership Firms
  • Public Limited Companies
  • Private Limited Companies

Used Car Loan for Major Car Manufacturers in Dharwad

TABLE WILL APPEAR

Processing Fees / Prepayment Charges on Used Car Loan Dharwad

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
ucl_processing_fees

Pre Calculated EMI Table for Used Car Loan Dharwad

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

Used Car Loan EMI Calculator Dharwad

About Dharwad

Dharwad is located in the Karnataka state of India and forms an urban area with the Hubballi city.

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