Used Car Loan Eluru

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Rates as low as 13.60%*
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Best Banks for Used Car Loan in Eluru

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 Eluru Features

Used Car Loan EluruFocusing on buying a used car? And don’t you have the capital necessary for it? Make no complaints! There is a used car loan for you somewhere. A used car loan is a method of investment or cash help given to the borrowers by banks and NBFCs at a reasonable rate to help them afford a used vehicle.

As all used cars have now become a necessity for everybody, but the cost of used cars is rising steadily every day. It is like this where a used car loan comes into effect and satisfy your ability to be the operator of your used car dream. A used car loan in Eluru has the key features of:

  • Financing on a wide assortment of used cars and cross-use vehicles up to Rs.2.5 Crore
  • Get customized aid in finding a car that matches your different requirements
  • Offers special and comfortable federal loans with EMIs that are budget-friendly
  • Discover clear, trouble-free production, prompt endorsements, and fast overpayments

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

Used Car Loan Eluru Documents Required

For Salaried:-

  • Identity of a person for Proof: PAN Card, NREGA job card provided, Letter published by the national Registration of Population containing title & user names, Voters ID card, Passport copy, Driving License
  • The income of a person for Proof: Latest 3-month salary slip with form 16
  • Address pf a person for Proof: NREGA job card provided / Letter published by the national Registration of Population containing title & user names / Driving license / Voters card / Passport Copy /PAN Card
  • Bank Statement of a person: Last 6 months.

For Self Employed:-

  • Identity of a person for Proof: NREGA job card provided, Letter published by the national Registration of Population containing title & user names, PAN Card, Voters ID card, Passport copy, Driving License
  • The income of a person for Proof: Latest ITR along with current salary slip
  • Address of a person for Proof: Voters card / Passport Copy / Driving license /PAN Card / NREGA job card provided / Letter published by the national Registration of Population containing title & user names
  • Bank Statement of a person: Last 6 months.

Used Car Loan Eluru Eligibility Requirements

For Salaried:-

  1. Minimum age of the individual: 21 years
  2. Maximum age at loan maturity of the salaried individual: 60 years
  3. Minimum employment of salaried individual: Jobs for at least 2 years, with at least 1-year Known employer
  4. Minimum Annual Income of salaried individual: Those who receive at least Rs 2,50,000 per annum, including the wife’s income

For Self-Employed:-

  1. The minimum age for the self-employed worker: 25 years
  2. Maximum age at loan maturity for a self-employed person: 65 years
  3. Minimum employment of self-employed person: at smallest 3 years in marketing
  4. Minimum Annual Income of self-employed person: receive at least Rs 2,50,000 per annum

How to Apply for Used Car Loan in Eluru?

The purchase of an Eluru used car loan is a straightforward process with DialaBank. Follow the directions below to get the cheapest prices:

  • Our website Dialabank
  • Click on the button for a used car loan in the toolbar
  • Include the details regarding the form of used car and your revenue
  • Wait for our service provider to get in communication with you on your assigned number soon.
  • In case of any doubts about the loan, you can also approach our project managers on telephone 9878981166.
  • To enable the use of an indirect used new mortgage you’ll need to sign up for an account directly, which could turn out to be rough for you.

Used Car Loan for Major Used Car Manufacturers in Eluru

TABLE WILL APPEAR

Processing Fees / Prepayment Charges on Used Car Loan Eluru

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

CIBIL Score Required for Used Car Loan in Eluru

The Cibil score is considered what distinguishes your opportunity to make your incentives pay off. A higher credit score represents a better payment history which makes the selection process for your used car loan simple which easy to operate. In the majority of these cases, banks and NBFCs consider a credit score of 750 and above as a successful score to sanction your Eluru loan employment application.

This score might vary from bank to bank, again. You would’ve been obligated to pay a high rate of interest on the loan sum in case of a poor CIBIL score than the measured value and if your CIBIL score is high then you will have to pay a weak rate of interest. And thus a Compost pile in a used car loan is a major factor.

Used Car Loan Eluru Contact Number

If you’ve any doubts about the used car loan in Eluru, you can call for any kind of guidance under the number 9878981166.

Pre Calculated EMI Table for Used Car Loan Eluru

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 Eluru

Eluru is a region and administrative headquarters of the district of West Godavari in Andhra Pradesh part of India. It is one of the state’s 14 municipalities, and Eluru Mandal’s manual headquartered in the province of Eluru. The city is situated on the River Tammileru. The town is famed for its wool-pile carpets and hand-woven goods.

Used Car Loan EMI Calculator

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