Used Car Loan Kamareddy

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Used Car Loan Kamareddy

Best/Top Banks for Used Car Loan in Kamareddy

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 Kamareddy Features

Use Car Loan KamareddyWhat’s this about buying a used car? But don’t they have the money necessary for it? Haven’t ever worry! A used car loan is for you here. A used car loan is a form of financing or welfare support given to the borrowers by banks and NBFCs at a reasonable rate to assist them in purchasing a used car.

As used cars seem to be a necessity for all, the prices of used cars are rising increasingly on a fairly regular basis. This is where you come into consideration with a used car loan and achieve your wish to just be the owner of your dream used automobile. In Kamareddy, the main aspects of a used new loan are:

  • Financing on a great range of used cars and tri-utility vehicles up to Rs.2.5 crore
  • Availability of customizable and easy EMI pocket-friendly assistance programs
  • Seamless, hassle-free operational experience, quick inspections, and rapid disbursements
  • Track the demand anywhere, always. At every point, get status updates about your new loan.

Used Car Loan Kamareddy 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

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Used Car Loan Kamareddy Documents Required

Documents required for car loan are as followed:

For Salaried:-

  • Identity Proof: PAN Card, Voters ID card, Passport copy, NREGA job card released, Letter obtained from the National Registry of Populations including name and address info, Driving License
  • Bank Statement: Last 6 months.
  • Income Proof: Latest 3-month salary slip with form 16
  • Address Proof: Driving license / Voters card / Passport Copy /PAN Card / NREGA job card released / Letter obtained from the National Registry of Populations including name and address info

For Self Employed:-

  • Identity Proof: PAN Card, Voters ID card, NREGA job card released, Letter obtained from the National Registry of Populations including name and address info, Passport copy, Driving License
  • Address Proof: Voters card / Passport Copy / Driving license / NREGA job card released / Letter obtained from the National Registry of Populations including name and address info / PAN Card
  • Income Proof: Income slips and ITRs
  • Bank Statement: Last 6 months.

Used Car Loan Kamareddy Eligibility Criteria

The car loan eligibility requirements are as followed:

For Salaried:-

  1. Minimum employment:1 year at present employment and a similar proportion of years at work
  2. Minimum age: 21 years
  3. Maximum age at loan maturity: 60 years
  4. Minimum Annual Income: All who pay nearly 2.50,000 Rs a year, including spouse

For Self-Employed:-

  1. Minimum age: As 25 years
  2. Minimum Annual Income: Who either receive a limit of Rs. 2,50,000 annually
  3. Maximum age at loan maturity: As 65 years
  4. Minimum employment: Per revenues for the weakest 3 years

How to Apply for Used Car Loan in Kamareddy?

The acquisition of a Kamareddy used car loan is a quick task with DialaBank. Follow the instructions below to get the better bargains:

  • Peruse our Dialabank website
  • Click the button for used car loan eligible from the homepage
  • Filled in the specifics of the model of cars that are used in your profits.
  • Check for our financial advisor to get in contact with you there your assigned number earliest.
  • In the event of any problems with the loan, you can also reach our managers on 9878981166.
  • To enable use of an offline used car loan you’ll need to visit the bank directly, which could turn out to be rough for you.

Major Used Car Manufacturers in Kamareddy

TABLE WILL APPEAR

Processing Fees / Charges on Used Car Loan Kamareddy

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

Required CIBIL Score for Used Car Loan in Kamareddy

The credit rating is known as what dictates your ability to pay down your loans. A higher monthly payment indicates a strong credit score and makes the assessment process for your used car loan simple and easy to process. Mostly, a credit history of 750 and beyond is considered by banks and other financial institutions as a reasonable score to authorize your Kamareddy loan job application.

This performance will vary from company to company, again. You would have been expected to pay a high price on the loan sum in event of a poor CIBIL score than the maximum value whereas if your CIBIL score is decent and you’ll have to pay a poor rate of return. A CIBIL score is also an important consideration for a used car payment.

Used Car Loan Kamareddy Contact Number

For any concerns about the used car loan in Kamareddy, you can phone for any kind of assistance on number 9878981166.

Pre Estimated EMI Table for Used Car Loan Kamareddy

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 Kamareddy

Kamareddy is responsible for growing paddy, sugar, jaggery, various vegetables, maize, including turmeric. There were around 318 market centers for textiles. The largest poultry farms in Telangana are in rural and urban areas of Kamareddy.

Used Car Loan EMI Calculator