Used Car Loan Kalpetta

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Used Car Loan Kalpetta

Best Banks for Used Car Loan Kalpetta

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 Kalpetta Features

Get easy Used car loan Kalpetta with Dialabank. Used Car Loans are the most convenient loans that allow the buyer to easily pick the car of their choice.

These loans are hassle-free and do not constrain the buyer and allows them to explore as many as options they want.

Used Car Loan Kalpetta

  • Used Car Loans have flexible repayment options from 12 to 60 months.
  • Attractive deals with lowest interest rates
  • Quick and super convenient processing of the loan.
  • Buying assistance or any loan-related query assistance available at Dialabank.

Used Car Loan Kalpetta Interest Rate

Get affordable interest rates on Used Car Loan Kalpetta.

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

Car Loan Interest Rate Online

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Used Car Loan Kalpetta Documents Required

Documents required for car loan are as followed:

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 proof of income:

  • Latest Salary Slip
  • Latest Form 16

Any of the following can be used as the sign verification proof:

  • 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 address proof:

  • Memorandum and articles of association
  • Electricity Bill
  • Telephone Bill
  • Certificate of incorporation

Any of the given can be used for signature verification:

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 Kalpetta Eligibility Criteria

The car loan eligibility requirements are as followed:

Salaried Individuals:

  1. The individual must be an employee of: the Pvt. Ltd. company, doctor, CA, lawyer, public sector undertaking that includes local, state, and central bodies.
  2. 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.
  3. An employment experience of 2 years in any company along with documented proof of 1-year employment in the current company.
  4. The income criteria are the individual should earn a minimum of 2,50,000 per annum inclusive of the spouse’s earning.

Self Employed Individuals:

  1. The individual must be the sole proprietor of the organization that he/she operates
  2. Should earn at any rate Rs. 2,50,000 for every annum
  3. The individuals should have either a residence or a company’s telephone line.

Used Car Loan for Major Car Manufacturers in Kalpetta

TABLE WILL APPEAR

Processing Fees / Prepayment Charges on Used Car Loan Kalpetta

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 Kalpetta

The  CIBIL score is considered to be what characterizes your capacity to take care of your credits. A higher Credit score implies a great record as a consumer and makes your vehicle advance application measure smooth and simple to be handled. Generally, banks and NBFCs consider a FICO assessment of 720 or more as a decent score to affirm your credit application measure for Used Car Loan Kalpetta.

This score may again vary from bank to bank. In the event of a low CIBIL score than the necessary worth, you will be needed to pay a high rate financing cost on the credit sum while on the off chance that your CIBIL score is acceptable, at that point you may need to pay a low pace of intrigue. Subsequently, a CIBIL score is a significant factor in vehicle credit.

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Used Car Loan Kalpetta Contact Number

In case of any queries regarding the Used car loan Kalpetta, you may contact on the number 9878981166 for any sort of assistance. Or for any further assistance, you can also visit us on our website Dialabank.

Pre Calculated EMI Table for Used Car Loan Kalpetta 

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 Kalpetta 

Kalpetta is a town in the mountainous Wayanad region of the Kerala, South India. Kalpetta is the gateway to the trails of lofty Chembra Peak and to Neelimala Viewpoint, which overlooks waterfalls and forested valleys. North of the town, the traditional, Dravidian-style Ananthanatha Swami Jain Temple is perched on a hilltop surrounded by coffee plantations. To the southeast, Meppadi is a scenic village with lush tea estates. Malayalam and English are the commonly used languages in Kalpetta.

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