Used Car Loan Ichalkaranji

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Used Car Loan Ichalkaranji

Best Banks for Used Car Loan in Ichalkaranji

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 Ichalkaranji Features

Used Car Loan IchalkaranjiGoing to reflect on buying a used car? But don’t they do have the funds needed for it? Leave no worries! There’s a used car loan here now for you. A used car loan is a source of finance or government aid given to the borrowers by banks and other financial institutions at a reasonable rate to help them purchase a used car.

As used cars have been a requirement for all, the value of used cars is rising steadily on a routine basis. It is here where a car loan comes into play and able to fulfill your dream to be the owner of your used car dream. In Ichalkaranji, the main elements of a used car loan are:

  • Consistent, hassle-free application experience, rapid approvals, and rapid overpayments
  • Track your software anywhere, anytime. Get status updates at any point on your new loan
  • Enjoy gateway service and fast and clear paperwork
  • Extended payment terms with between 12 months and 84 months

Used Car Loan Ichalkaranji 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 Ichalkaranji Documents Required

various documents required

For Salaried:-

  • Identity Proof*: PAN Card, Voters ID card, NREGA contractor published, Email provided by the National Registry of Populations containing home address descriptions, Passport copy, Driving License
  • Income Proof*: Initial slip of three months’ wages with form 16
  • Address Proof*: NREGA contractor published / Email provided by the National Registry of Populations containing home address descriptions / Driving license / Voters card / Passport Copy /PAN Card
  • Bank Statement*: Last 6 months.

For Self Employed:-

  • Identification Proof*: PAN Card, Voters ID, NREGA contractor published, Email provided by the National Registry of Populations containing home address descriptions, Passport copy, Driving permanent card
  • Income Proof*: Fresh slips in ITR and profits
  • Address Proof*: Voters card / NREGA contractor published / Email provided by the National Registry of Populations containing home address descriptions Passport Copy /PAN Card
  • Bank Statement*: Last 6 months.

Used Car Loan Ichalkaranji Eligibility Criteria

For Salaried:-

  1. Minimum age*: 21 years
  2. Maximum age at loan maturity*: 65 years
  3. Minimum employment*:1 year at present employment and an equal to 2 years at work
  4. Minimum Annual Income*: A total of Rs. 2,50,000 annually, along with the spouse’s profits

For Self-Employed:-

  1. Minimum employment*: For revenues for the largest 3 years
  2. Minimum age*: 25 years at least
  3. Maximum age at loan maturity*: 65 years at least
  4. Minimum Annual Income*: Those who pay at least 2.50,000 Rs average annual

How to Apply/Register for Used Car Loan in Ichalkaranji?

DialaBank’s utilization of a used car loan Ichalkaranji is a simple function. Follow the instructions below to get the cheapest prices:

  • Consult our Dialabank page
  • Click the button for used car payment included in the toolbar
  • Print out the specifics of the form of used car and your earnings.
  • Wait for our partnership advisor to get in contact with you on your specified number soon.
  • Throughout the event of any questions concerning the loan, you can also contact our managers on 9878981166.
  • To make use of an offline used car loan you would have to visit the bank directly, which could turn out to be frenetic for you.

Major Used Car Manufacturers in Ichalkaranji

TABLE WILL APPEAR

Processing / Prepayment Charges on Used Car Loan in Ichalkaranji

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

CIBIL Score Required for Used Car Loan in Ichalkaranji

The Cibil rating is classified as what decides your funds to meet off your credits. A higher credit history needs a higher credit history and makes the application process for your used car loan seamless and easy to manage. For even the most part, banks & NBFCs consider a payment history of 750 and above to be a successful score for approving your Ichalkaranji loan request form.

You would have been compelled to pay a high rate of interest on the loan volume in case of a poor CIBIL score than the rated value whereas if your CIBIL score is better then you will have to pay a low-interest rate. A Credit report is also an important factor to consider for a loan for a used car.

Used Car Loan Ichalkaranji Contact Number

You should notify 9878981166 for any kind of action in the event of any queries regarding the used car payment in Ichalkaranji.

Pre Calculated EMI Table for Used Car Loan Ichalkaranji

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 Ichalkaranji

Ichalkaranji is a wonderful city in Maharashtra’s Kolhapur district and that one of the factors that makes it most successful is the magnificent Rajwada or King’s mansion. The palace has since been turned into a college, keeping the lovely place well preserved and the place’s heritage intact.

Used Car Loan EMI Calculator