Used Car Loan Karimnagar

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Buy Your Dream Car

Rates as low as 13.60%*
Up to 100% Funding
Doorstep Service
Hassle-free Disbursal
Unbiased Experts Advice

Best Banks for Used Car Loan in Karimnagar

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 LoanUsed Car Loan Karimnagar Karimnagar Features

A Used Car Loan Karimnagar will help buy the best car within your budget and is a financial aid offered to the customers by commercial banks and NBFCs. Now it is effortless to avail used car loan with the help of Dialabank. We present before you some of our best offers for Car Loan to purchase a used car anywhere in Karimnagar!

The features of Used Car Loan Karimnagar are as follows:

  • You can avail a loan up to Rs.2.5 crore on pre-owned car value.
  • Car at loan maturity age shall not exceed 10 years, with a maximum loan tenure of 60 months.
  • Personalized help and advisory by our highly trained experts to choose a car that meets your wants.
  • Enjoy doorstep service and easy documentation for our customers.
  • You may also borrow up to 100% of the value of the car to the value of 3-6 times your annual remuneration.
  • Transparent and hassle-free process tack your application anytime, anywhere and get updates about your application.
  • Fast approval and faster disbursal of loan for easing the process for you.
  • Convenient and customized repayment plans available with the easily payable instalments.
  • Get 85% of the value of the car as a loan amount for 5 years without income proof verification.
  • Flexible repayment tenures starting from 12 months to ease the burden.

*Terms and Conditions Apply

Used Car Loan Karimnagar 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

Car Loan Karimnagar Documents Required

For Salaried Individuals:

Any of the following documents as Identity and Address Proof:

  • Valid Passport
  • Permanent Driving license
  • Letter issued by the National Population Register with name & address
  • Voters ID Card
  • Job card issued by NREGA

All the following documents as Income Proof:

  • Latest Salary Slip
  • Latest Form 16/ Latest ITR
  • Bank Statements for the previous 6 months

Any of the following for Signature Verification Proof:

  • Credit Card Statement and its Copy
  • Banker’s Verification
  • Passport Copy
  • Photo Driving License with DOB
  • Copy of Margin Money Paid to the Bank

For Self Employed**:

Age proof: Memorandum and Articles of Association/ Certificate of Incorporation.

Identity proof: Memorandum and Articles of Association/ Certificate of Incorporation.

Income proof: Latest ITR and audited balance sheet with profit & loss account.

Any of the following documents as Address Proof:

  • Telephone Bill
  • Memorandum and Articles of Association
  • Certification of Incorporation
  • Electricity Bill

Any of the following for Sign Verification Proof:

  • Passport Copy
  • Credit Card Statement and its Copy
  • Banker’s Verification
  • Photo Driving License with DOB
  • Copy of Margin Money Paid to the Bank.

**The following type of companies can also apply for a Used Car Loan Karimnagar:

  1. Sole Proprietorship
  2. Partnership Firms
  3. Private Limited Companies
  4. Public Limited Companies

Used Car Loan Karimnagar Eligibility Criteria

The following people are eligible to apply for a Pre-Owned Car Loan:

Salaried Individual:

  • The applicant must be a doctor, CAs, private limited company employee, employees from public sector undertakings including central, state, and local bodies.
  • Age Limit: Individuals who are a minimum of 21 years of age when applying for the loan, and a maximum of 60 years of age at the end of the loan period
  • Minimum Work Experience: Individuals who at least have had a job for 2 years, with a minimum of 1 year with the present employer.
  • Minimum Earning: Those who earn a minimum of Rs. 2,50,000 per year., The income of the spouse can be considered as one with the applicant’s income.

Self Employed***:

  • This includes individuals who own a private company in the business of manufacturing, trading, or services
  • Rs. 2,50,000 per annum should be a minimum earning.
  • Individuals who have an office landline.

***The following type of companies are also eligible for a Used Car Loan Karimnagar:

  1. Sole Proprietorship
  2. Partnership Firms
  3. Private Limited Companies
  4. Public Limited Companies

How to Apply for Used Car Loan in Karimnagar?

Availing a used car loan Karimnagar is an easy process with the help of DialaBank. Follow the quick steps as mentioned below:

  • Visit us online at Dialabank
  • Go to the specific city page for a used car loan Karimnagar
  • Fill in the details required in the fast and easy Used Car Loan Application Form.
  • Our relationship manager will soon get in touch with you for further information and process.

Used Car Loan for Major Car Manufacturers in Karimnagar

TABLE WILL APPEAR

Processing Fees / Prepayment Charges on Used Car Loan Karimnagar

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

Used Car Loan Karimnagar Contact Number

Contact us at 9878981166  or visit the website of Dialabank for instant help and guidance to fulfil all your loan needs anytime in Karimnagar.

Pre Calculated EMI Table for Used Car Loan Karimnagar

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 Karimnagar

About Karimnagar

It is a city in the Indian state of Telangana, India and is a major urban agglomeration and fifth-largest City in the state.

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