Used Car Loan Gudur

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Rates as low as 13.60%*
Up to 100% Funding
Doorstep Service
Hassle-free Disbursal
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Best Banks for Used Car Loan in Gudur

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 Gudur Features

used car loan GudurAll the concerns of financial strain go away by getting a loan for ownership of used vehicles. A borrower can easily take advantage of a used car loan in Gudur at a very competitive and low-interest rate payable. Even the EMIs are easy to maintain and are considered effective. Any advance applicant can borrow approximately Rs. 2.5 crores and also 100 percent of the appropriate car sum to be 3-6 percent of the loan amount by estimated income salary.

Some of Gudur other prominent used car loan features include:

  • Hassle-free service and smooth process.
  • Quick-use loans for used cars are eligible.
  • Simple document delivery services from your doorstep.
  • Up to 85 percent of the car’s value as a 5-year loan sum, and that too without any evidence of profits.

Used Car Loan Gudur 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 Gudur Documents Required

For Salaried:-

Identity & Address Evidence of any of the following documents:

  • Passport: True
  • Permanent [recent, legible, laminated] driving license
  • The letter provided by the National Register of Population containing name & address information
  • ID Card for Voters
  • NREGA job card released

As evidence of income all the following records are:

  • Latest Slip in Pay
  • Recent Form 16 / Return on Income Tax (ITR)
  • Statements of the banks for the last 6 months

Any of the following for confirmation of sign verification:

  • Credit Card Copy Statement by Credit Card
  • Verification from the banker
  • Copy Passport
  • Picture Driving License (recent, legible, laminated) with DOB
  • Copy of the Bank’s Margin Money Paid

For Self Employed:-

  • Age proof: Memorandum of Association and Articles / Certificate of Incorporation.
  • Identity proof: Association Memorandum and Articles / Certificate of Incorporation.
  • Income proof: the new ITR and audited balance sheet along with the statement of profit & loss.

Any of the following papers as proof of address:

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

Any of the following for confirmation of sign verification:

  • Copy Passport
  • Credit Card Copy Statement by Credit Card
  • Verification from the banker
  • Picture Driving License (recent, legible, laminated) with DOB
  • Copy to the Bank of the Margin Money Paid.

Used Car Loan Gudur Eligibility Criteria

For Salaried:-

  1. Applicants must be doctors, CAs, employees of private limited firms, employees of public sector undertakings, including federal, state, and local authorities.
  2. Age range: Individuals who are at least 21 years of age while applying for a loan, and a maximum age 60 at the completion of the loan term
  3. Minimum Work Experience: Persons who have been working for at least 2 years with the present employer for at least 1 year.
  4. Minimum Earning: Those who earn at least Rs 2,50,000 per year, the spouse’s income may be considered one with the applicant’s income.

For Self-Employed:-

  1. This involves people who own a private company in the manufacturing, trading, or service sector.
  2. A loan applicant’s minimum earnings should be Rs. 2,50,000 annually.
  3. Individuals who have a landline office.

Used Car Loan for Major Used Car Manufacturers in Gudur

TABLE WILL APPEAR

Processing Fees / Prepayment Charges on Used Car Loan Gudur

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 Gudur

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 Gudur

One of the major lemon markets in Andhra Pradesh is Gudur’s lemon market. The lemon market on the way to Chennur is located in Gudur 2 City. Gudur and the farmers of the nearby villages tend to grow the lemon trees. Lemons are shipped around the world and to other nations as well.

Used Car Loan EMI Calculator

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