Used Car Loan Kanpur

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Rates as low as 7.35%*
Up to 100% Funding
Doorstep Service
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Best Banks for Used Car Loan in Kanpur

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 Kanpur Featuresused car loan kanpur

Used Car Loan is available for you at an affordable interest rates. Used Car Loan Kanpur provides you financial help for getting a loan for a pre-owned or used car.

The features of the used car loan in Kanpur are:

  • Avail maximum loan amount of up to Rs. 2.5 crore
  • Get a 100% loan amount of the car price
  • At loan maturity, the age of the car should not exceed 10 years
  • Avail loan amount up to 6 times of your yearly income
  • Provide personalized assistance
  • Get customized and convenient repayment plans at a reasonable price
  • The maximum loan tenure period is up to 5 years for a pre-owned car
  • Easy and simple processing
  • Get your second-hand car approval faster
  • Loan amount disbursed quickly
  • Quick and easy documentation
  • Get a loan amount of up to 85% of the car value without salary proof
  • Get benefit from end-to-end advising

Used Car Loan Kanpur 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
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 Personal Loan Interest Rate for all major banks you can visit: Car Loan Interest Rates

Apply for a Car Loan

Used Car Loan Kanpur Documents Required

The documents required for a Used Car Loan Kanpur is different for Salaried and Self Employed applicants:

For Salaried:

Any of the following documentation required for identity and residence proof:

  • Valid Passport
  • Voter ID Card
  • Permanent Driving License
  • Job Card
  • Letter issued by the National Population Register

The following documents for income proof:

  • Latest Salary Slip
  • Latest Form 16/Latest ITR
  • Bank statement of last 6 months

Any of the following document required for signature proof:

  • Passport Copy
  • Photo Driving License with DOB
  • Credit card statement with Credit Card Copy
  • Banker’s verification

For Self Employed:

  1. For age proof, the documents required are Memorandum and Articles of Association/Certificate of Incorporation
  2. For identity proof, the documents required are Memorandum and Articles of Association/Certificate of Incorporation
  3. For Income Proof, there is a requirement of Latest ITR and balance sheet with profit and loss account
  4. Address Proof Documents(Anyone): Memorandum and Articles of Association, Certificate of Incorporation, Telephone Bill, Electricity Bill
  5. For Sign Verification Proof: Passport Copy, Photo Driving License with DOB, Credit Card Statement, Banker’s Verification

Also, the used car loan can be borrowed in the following type of firms as well:

  • Partnership Firms
  • Sole Proprietorship
  • Public Limited Companies

Used Car Loan Kanpur Eligibility Criteria

For Salaried:-

  1. Minimum age: 21 years
  2. Maximum age at loan maturity: 60 years
  3. Minimum employment: 1 year in recent employment and a minimum of 2 years of employment
  4. Minimum Yearly Income: Rs 2,50,000 net annual income
  5. This comprises doctors, CAs, employees of private limited companies, employees from public sector undertakings, including central, state, and local bodies

For Self-Employed:-

  1. Minimum age: 21 years
  2. Maximum age at loan maturity: 60 years
  3. Minimum employment: 3 years
  4. Minimum Annual Income: Rs, 2,50,000 per annum
  5. This includes appliers who own a private company in the business of manufacturing, trading, or services
  6. Appliers who have an office landline

The following type of firm are also eligible to take a pre-owned car loan in Kanpur:

  • Sole Proprietorship
  • Partnership Firms
  • Public Limited Companies
  • Hindu Undivided Family

How to Apply for Used Car Loan in Kanpur?

Availing a Used Car Loan in Kanpur is an easy and smooth process with Dialabank. Follow the following procedures to get the best offers:

  • Visit our website Dialabank
  • Click on the car loan option convenient in the menu
  • Fill in the details about the type of car and your salary
  • Wait as our relationship manager will soon get in contact with you on your provided mobile number.
  • You may also contact our relationship managers on the number 9878981166 if you have any queries about the used car loan.
  • For availing a car loan offline you will have to visit the bank branch personally, which might turn to be hectic for you.

Used Car Loan for Major Car Manufacturers in Kanpur

TABLE WILL APPEAR

Processing Fees / Prepayment Charges on Used Car Loan in Kanpur

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
ucl_processing_fees

CIBIL Score Required for Used Car Loan in Kanpur

The CIBIL score is referred to as what defines your ability to pay your credits. A higher Credit score means good credit history and makes your Used Car Loan Kanpur application process hassle-free and easy to be processed. Mostly, banks and NBFCs consider a good credit score to approve your loan application process in Used Car Loan Kanpur.

The CIBIL score required for availing a loan for a used car or second-hand cars in Kanpur is 720 and above. Those who have a minimum CIBIL score of 720 is eligible for getting a pre-owned car loan in Kanpur. This score may again differ from bank to bank. If you have a low CIBIL score than the required value, you will be paid a high-interest rate on the loan amount while if your CIBIL score is good then you may have to pay a low-interest rate. Thus, a CIBIL score is an important factor for getting a Used Car Loan Kanpur.

Used Car Loan Kanpur Contact Number

In case of any queries regarding the used car loan in Kanpur, you may contact the number 9878981166 for any sort of assistance.

Pre Calculated EMI Table for Used Car Loan Kanpur

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

Used Car Loan EMI Calculator Kanpur

About Kanpur

Kanpur is a city and metropolis in Uttar Pradesh state, India. It is popular for its leather and textile industries. It is the 12th most populous city in India. It is also regarded as the ‘Leather City of the World’.

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