Used Car Loan Kapurthala

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Best Banks for Used Car Loan Kapurthala

Used Car Loan Kapurthala Features

used car loan kapurthala

To own a used car nowadays is getting speed. Due to lesser investment and great facilities, a great sum of the population wants to use their invested money for the pre-used car. Various banks and other loan institute provides a different sum of advances for the pre-used car.

Features:

With the greatly increased demand for cars, the quick method for enrolling loans for used cars has similar features.

  • The interest rates are really less for used car loans in Kapurthala.
  • Almost all major banks and NBFCs offer car loans in Kapurthala.
  • The documentation process is quick and hassle-free
  • Car loans are easily available through DialaBank.

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

Used Car Loan Kapurthala Documents Required

For Salaried:-

  • Identity Proof: PAN Card, Voters ID card, Passport copy, Driving License
  • Income Proof: Latest 3-month salary slip with form 16
  • Address Proof: Driving license / Voters card / Passport Copy /  Ration card / Electricity Bill / Life Insurance Policy /PAN Card
  • Bank Statement: Last 6 months.

For Self Employed:-

  • Identity Proof: PAN Card, Voters ID card, Passport copy, Driving License
  • Income Proof: Latest ITR
  • Address Proof: Voters card / Passport Copy / Ration card /  Driving license / Electricity Bill / Life Insurance Policy /PAN Card
  • Bank Statement: Last 6 months.

Used Car Loan Kapurthala Eligibility Criteria

For Salaried:-

  1. Minimum age: 21 years
  2. Maximum age at loan maturity: 60 years
  3. Minimum employment: 1 year in current employment and a minimum of 2 years of employment
  4. Minimum Annual Income: Rs 2.5 lakhs net annual income

For Self-Employed:-

  1. Minimum age: 25 years
  2. Maximum age at loan maturity: 65 years
  3. Minimum employment: at smallest 3 years in sales
  4. Minimum Annual Income: Rs 2.5 lakhs net annual income

How to Apply for Used Car Loan Kapurthala?

Availing a car loan Mumbai is an easy process with DialaBank. Follow the following steps to avail the best offers:

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

Used Car Loan for Major Car Manufacturers in Kapurthala

TABLE WILL APPEAR

Processing Fees / Prepayment Charges on Used Car Loan Kapurthala

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 Kapurthala

The CIBIL code defines the credit score history for the applicant. This makes it easier for fir banks to trust the applicant with their advanced money. The better you manage your credit score, the better is the chance to get the loan approved. A score of 750 and above it counts as a pretty well-suited credit score for the loan approval from almost any bank.

This score may again vary from bank to bank. In case of a low CIBIL score than the required value, you will be required to pay a high rate interest rate on the loan amount while if your CIBIL score is good then you may have to pay a low rate of interest. Thus, a CIBIL score is an important factor in a car loan.

Used Car Loan Kapurthala Contact Number

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

Pre Calculated EMI Table for Car Loan Mumbai

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 Kapurthala

Kapurthala is a densely populated city in the state of Punjab. It isPunjab’s great city and is a princely district. It is home to British rule during the colonial era. It has tourist destinations that include a mosque, panch mandir, and other monuments with great historical stories too.

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