Best Banks for Used Car Loan in Kanker
Used Car Loan Kanker Features
A Used car loan, when availed via Dialabank, offers the features which are mentioned below:
- Maturity age of the car shall not exceed 10 years, with a maximum loan tenure of 60 months.
- Repayment tenures are very much flexible, starting from 12 months to ease the burden.
- Get a loan up to Rs.2.5 crore on the value of the car you aim at.
- Help and advisory by our highly trained experts in a personalized manner to serve you.
- Enjoy doorstep facility and easy documentation process for our customers.
- Convenient and customized repayment methods available with the easy-on-pocket instalments.
- Get 85% of the value of the car as a loan amount for 5 years without any income proof.
- You may also borrow up to 100% of the value of the car to the value of 3-6 times your annual earnings.
*Terms and Conditions Apply
Used Car Loan Kanker Interest Rates
|
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
|
|
Private 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 Kanker Documents Required
Documents required for car loan are as followed:
For Salaried Individuals:
For Identity and Address Proof:
- Valid Passport
- Permanent Driving license
- Letter issued by the National Population Register mentioning name & address
- Voters ID Card
- Job card provided by NREGA
For Income Proof:
- Latest Salary Slip
- Bank Statements for the last 6 months
- Latest Form 16/ Latest ITR
For Signature Verification Proof:
- Photo Driving License
- Credit Card Statement and its Copy
- Banker’s Verification
- Copy of Margin Money Paid to Bank
- Passport Copy
For Self Employed**:
Income proof: Latest ITR and audited balance sheet with profit & loss account.
Age proof: Certificate of Incorporation/Memorandum and Articles of Association.
Identity proof: Certificate of Incorporation/ Memorandum and Articles of Association.
For Sign Verification Proof:
- Credit Card Statement and its Copy
- Copy of Margin Money Paid to Bank.
- Passport Copy
- Banker’s Verification
- Photo Driving License
For Address Proof:
- Telephone Bill
- Electricity Bill
- Memorandum and Articles of Association
- Certification of Incorporation
**The following companies are also applicable for a Used Car Loan Kanker:
- Sole Proprietorship
- Partnership Firms
- Private Limited Companies
- Public Limited Companies
Used Car Loan Kanker Eligibility Criteria
The car loan eligibility requirements are as followed:
The following people are eligible to apply for a Pre-Owned Car Loan in Kanker:
Salaried Individual:
- Minimum Work Experience: Individuals who have job experience for a minimum of 2 years and a minimum of 1 year with the current employer.
- Minimum Earning: People earning a minimum of Rs. 2,50,000 annually, the income of the spouse can be considered as included with the candidate’s income.
- Age Limit: Individuals having the age of 21 years when applying for the loan, and a maximum of 60 years of age at the end of the loan maturity period.
- Professional practitioners a doctor, CAs, private limited company employee, employees from public sector undertakings including central, state, and local bodies.
Self Employed***:
- Individuals who own a private company in the business of manufacturing, trading, or service undertakings.
- Rs. 2,50,000 per year should be a minimum remuneration.
- Individuals who have an office landline number.
***The following companies are also eligible for a Used Car Loan Kanker:
- Sole Proprietorship
- Partnership Firms
- Public Limited Companies
- Private Limited Companies
Used Car Loan for Major Car Manufacturers in Kanker
TABLE WILL APPEAR
Processing Fees / Prepayment Charges on Used Car Loan Kanker
Pre Calculated EMI Table for Used Car Loan Kanker
Used Car Loan EMI Calculator Kanker
About Kanker
Kanker is an ancient town located in the Chhattisgarh state of India. The place holds great historical importance since ages in various parts of the Deccan plateau and the Mahanadi plains.
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