Best Banks for Used Car Loan Kalol
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 Kalol Features
Looking for a used car but lacking funds for the same? No worries, Dialabank got your back with the simplest Used Car Loan process in your city. Approve your Used Car Loan Kalol in the simplest way and make the desire of owning a car come true with Dialabank.
With Dialabank you are just a few steps away from availing a Used Car Loan in your own city without stressing over formalities.
Used Car Loans are simply the gateway to your desire of having a car that fits your budget. So what are waiting for getting the car of your choice in a few easy steps with attractive deals.
- Avail Used Car Loans up to 2.5 crores on a wide range of used cars.
- Personalized help to get the used car of your choice from research to loan processing.
- Flexible loan tenure ranging from 12 months to 84 months.
- You get choose your repayment plan at your convenience.
- Doorstep service with simple documentation.
- Transparent and hassle-free loan processing.
- Track your application anytime, anywhere. Get status updates about your loan application at every stage of the loan processing.
Used Car Loan Kalol Interest Rate
To check Car Loan Interest Rate for all major banks you can visit: Car Loan Interest Rates
Used Car Loan Kalol Documents Required
Essential documents that are required for Used Car Loan Kalol:
Salaried Individuals:
Any of the given documents can be the identity & Address Proof:
- Valid Passport
- A Permanent Driving license [recent, legible, laminate]
- Voters ID Card
- Job card issued by NREGA
- Letter issued by the National Population Register containing details of name & address
The given documents can be used as income proof:
- Latest Salary Slip
- Latest Form 16
Any of the following can be used as the proof of signature:
- The Passport Copy
- Photo Driving License with DOB (recent, legible, laminated)
- Credit Card Statement with Credit Card Copy
- Banker’s Verification
Self-employed Individual
Any of the following can be used as the proof of address:
- Memorandum and articles of association
- Electricity Bill
- Telephone Bill
- Certificate of incorporation
Any of the given can be used as signature proof:
Passport copy/ driving license copy with DOB/Credit card statement with credit card copy/ Banker’s verification /Copy of Margin money paid to the bank.
Memorandum and Articles of Association/Certificate of Incorporation as age proof.
Memorandum and Articles of Association/Certificate of Incorporation as identity proof.
Latest ITR and audited balance sheet along with profit & loss account as proof of income.
Used Car Loan Kalol Eligibility Criteria
The given criteria should be met to avail a Used Car Loan Kalol:
Salaried Individuals:
- The individual must be an employee of the Pvt. Ltd. company, doctor, CA, lawyer, public sector undertaking that includes local, state, or central bodies.
- The individual should be of a minimum of 21 years of age while applying for a loan and a maximum of 60 at the time of tenure closure of the loan.
- An employment experience of 2 years in any company along with documented proof of 1-year employment in the current company.
- The income criteria are the individual should earn a minimum of 2,50,000 per annum inclusive of the spouse’s earning is mandatory for Used Car Loan Kalol.
Self Employed Individuals:
- The individual must be the sole proprietor of the organization that he/she operates.
- Should earn at any rate Rs. 2,50,000 for every annum.
- The individuals should have either a residence or a company’s telephone line.
Used Car Loan for Major Car Manufacturers in Kalol
TABLE WILL APPEAR
Processing Fees / Prepayment Charges on Used Car Loan Kalol
Pre Calculated EMI Table for Used Car Loan Kalol
Used Car Loan EMI Calculator
Table of Contents
- 1 Best Banks for Used Car Loan Kalol
- 2 Used Car Loan Kalol Features
- 3 Used Car Loan Kalol Interest Rate
- 4 Used Car Loan Kalol Documents Required
- 5 Used Car Loan Kalol Eligibility Criteria
- 6 Used Car Loan for Major Car Manufacturers in Kalol
- 7 Processing Fees / Prepayment Charges on Used Car Loan Kalol
- 8 Pre Calculated EMI Table for Used Car Loan Kalol
- 9 Used Car Loan EMI Calculator