Used Car Loan Hamirpur

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Used Car Loan Hamirpur

Best Banks for Used Car Loan in Hamirpur

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 Hamirpur Features

  • used car loan HamirpurAvailability of personalized and accessible EMI pocket-friendly repayment services
  • Used Car Loans are provided in Hamirpur by almost all major banks and NBFCs
  • The documentation process is fast and effortless
  • Used car loans are easy to get through DialaBank

Used Car Loan Hamirpur 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

Apply for a Car Loan

Used Car Loan Hamirpur Documents Required

Documents required for car loan are as followed:

For Salaried:-

  • Identity and proof of residence: Valid Passport, Voter ID Card, Permanent Driving License, Work Card, Letter issued by the National Register of Citizens
  • Latest Salary Slip, Latest Form 16 / Latest ITR, Bank statement of the last 6 months, (Income proof)
  • Evidence of signature: Passport Copy, DOB Photo Driving License, Credit Card Declaration with Credit Card Copy, Banker Verification

For Self Employed:-

  • Age verification, the requisite records are also Memorandum Articles of Association / Certificate of Incorporation
  • Proof of identity, the requisite documents are also Memorandum Articles of Association / Certificate of Incorporation
  • Income Evidence, the latest ITR and balance sheet with profit and loss statement are conditional
  • Address Proof Documents: Memorandum of Association and Papers, Certificate of Incorporation, Telephone Bill, Electricity Bill
  • Evidence of Sign Verification: Passport Copy, Photo Driving Permit with DOB, Credit Card Statement, Confirmation of BankerApply for a car loan

Used Car Loan Hamirpur Eligibility Criteria

The car loan eligibility requirements are as followed:

For Salaried:-

  1. Minimum age: 21 years
  2. Maximum age at loan maturity: 60 years
  3. Minimum employment: 1 year in current employment and a minimum of 2 years of employment
  4. Minimum Annual Income: Rs 2,50,000 net annual income with spousal income

For Self-Employed:-

  1. Minimum age: 25 years
  2. Maximum age at loan maturity: 65 years
  3. Minimum employment: at smallest 3 years in sales
  4. Minimum Annual Income: Net profit Rs. 2,50,000

Used Car Loan for Major Used Car Manufacturers in Hamirpur

TABLE WILL APPEAR

Processing Fees / Prepayment Charges on Used Car Loan Hamirpur

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 Used Car Loan Hamirpur

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

You can calculate your EMI here: Car Loan EMI Calculator

About Hamirpur

Hamirpur is a fast-developing City with New Entrepreneurship and Modern Construction at Himachal Pradesh. It is also a major junction on National Highway 3, while National Highway 103 begins here. Hamirpur is renowned for its high degree of literacy, educational institutions, and Hamir Utsav Traditional Festival.

Used Car Loan EMI Calculator