Used Car Loan Ellenabad

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Used Car Loan Ellenabad

Best Banks for Used Car Loan in Ellenabad

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 Ellenabad Features

used car loan EllenabadAn Ellenabad Used Car Loan can help you purchase the best car within your budget and is financial assistance provided by commercial banks and NBFCs to customers. Dialabank presents some of our best Car Loan deals to buy a used car anywhere in Ellenabad!

  • Flexible tenures on repayment beginning at 12 months to alleviate the pressure.
  • Cars must not reach 10 years of age at loan maturity, with a maximum loan term of 60 months.
  • Our highly trained experts personalized support and guidance in selecting a car that suits your needs.
  • On pre-owned car value, you can take advantage of a loan up to Rs.2.5 crore.

Used Car Loan Ellenabad 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 Ellenabad Documents Required

There are various documents required for applicatio-

For Salaried:-

For Proof of Identification and Address:

  • Passport: True
  • License for Permanent Driving
  • Letter issued by the National Registry of Populations stating name & address
  • ID Card for Voters
  • NREGA work card generated

For evidence of income:

  • Latest Slip in Pay
  • Statements of the banks for the last 6 months
  • New Form 16 / New ITRR Form 16

For Signature Proof of Verification:

  • License for Photo Driving
  • Statement of the Credit Card and its Copy
  • Verification from the banker
  • Margin Money Copy Payable to Bank
  • Copy Passport

For Self Employed:-

  • Proof of remuneration: New ITR and audited profit & loss account balance sheets.
  • Evidence of identity: Memorandum and Association Papers / Certificate of Incorporation.
  • Age evidence: Incorporation Certificate / Memorandum and Articles of Association.

For Evidence of Sign Verification:

  • Statement of the Credit Card and its Copy
  • Copy to the Bank of Margin Money Paid.
  • Copy Passport
  • Verification from the banker
  • Driving Photo License

For Proof of Address:

  • Telephone Recharge
  • Bill on Electricity
  • Association Memorandum and Papers
  • Incorporation Qualification

Used Car Loan Ellenabad Eligibility Criteria

For Salaried:-

  1. Minimum Earning: The spouse’s income may be assumed to be included with the candidate’s income for those who earn a minimum of Rs. 2,50,000 per year.
  2. Minimum Work Experience: individuals who have work experience with the same employer for at least 2 years and a minimum of 1 year.
  3. Age limit: People who are at least 21 years of age while applying for a loan and no more than 60 years of age at the completion of the maturity period of the loan.
  4. Physician technical practitioners, CAs, employees of private limited firms, employees of public sector organizations, including federal, state, and local authorities.

For Self-Employed:-

  1. Individuals who own a private company in the manufacturing, trading, or service businesses sector.
  2. A minimum remuneration should be Rs. 2,50,000 per annum.
  3. Individuals that have a landline number for the workplace.

Used Car Loan for Major Used Car Manufacturers in Ellenabad

TABLE WILL APPEAR

Processing Fees / Prepayment Charges on Used Car Loan Ellenabad

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 Car Loan Mumbai

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 Ellenabad

Ellenabad was established by Sirsa Commissar J.H. during the British colonization. Oliver who renamed the town of Kharial after Ellenabad, his child’s name. As a sign of gratitude for the amenities offered during the pregnancy of his wife, Oliver did this.

Used Car Loan EMI Calculator