Used Car Loan Khargone

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Buy Your Dream Car

Rates as low as 11.99%*
Up to 100% Funding
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Used Car Loan Khargone

Best Banks for Used Car Loan Khargone

Kotak Mahindra Bank
Interest Rate
8% - 8.4 %
8.5 - 9.5 %
Min Loan Amt
Metro : 1 Lac & Non Metro: 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
Loan to Value (LTV)
Upto 100% on Ex- showroom
Upto 95% on Ex- showroom
Upto 90% on Ex- showroom

Used Car LoanUsed Car Loan Khargone Khargone Features

A Used Car Loan Khargone will help you in figuring out the best car lying under your pockets and is a financial help offered by commercial banks and NBFCs.

The features of Used Car Loan Khargone are as mentioned below:

  • Easy repayment tenures starting from twelve months to ease your burden.
  • Car at loan maturity age shall not exceed ten years, with a maximum loan tenure of sixty months.
  • Personalized advisory by our highly trained experts to help you choose a car that meets your wants.
  • There is an option to borrow up to 100% value of the car for a multiple of your earnings.

*Terms and Conditions Apply

Dialabank present various exciting offers for a used car loan in Khargone city!

Used Car Loan Khargone Interest Rates

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%
ICICI Bank Car Loan
0.25% to 1.50%
2%, Nil foreclosure charges after 36 months
SBI Car Loan
500/- to 0.50%
Kotak Car Loan
1% to 2%
2.25% of fore closure amount if closed 1 month ahead of the tenure.
IIFL Car Loan
Muthoot Car Loan
Manappauram Car Loan
PNB Car Loan
0.70% to 1%
Canara Bank Car Loan
Andhra Bank Car Loan


To check Car Loan Interest Rate for all major banks you can visit: Car Loan Interest Rates

Used Car Loan Khargone Documents Required

For Salaried Individuals:

For Identity and Address Proof:

  • Valid Passport
  • Permanent Driving license
  • Letter issued by the National Population Register mentioning name and address
  • Voters Identity Card
  • Job card provided by NREGA

For Income Proof:

  • Latest Salary Slip
  • Bank Statements for the last 6 months
  • Latest Form 16/ Latest Income Tax Return

For Signature Verification Proof:

  • 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 Income Tax Return and audited balance sheet with profit & loss account.

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

For Sign Verification Proof:

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

For Address Proof:

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

**The below-mentioned organisations can also apply for a Used Car Loan Khargone:

  • Sole Proprietorship
  • Partnership Firms
  • Private Limited Companies
  • Public Limited Companies

Used Car Loan Khargone Eligibility Criteria

The below-mentioned candidates are eligible for a pre-owned car loan in Khargone city:

Salaried Individual:

  • Minimum Remuneration: A minimum of Rs. 2,50,000 per year including the income of the mate or spouse can be considered as eligible for a used car loan.
  • Professional practitioners Doctors, CAs, Private Limited Company and Public Sector Undertaking employees including central, state, and local bodies, such candidates are eligible.
  • Minimum Experience: A job experience for a minimum of two years and a minimum of one year with the current employer, such candidates are eligible.
  • Age Limit: A minimum of twenty-one years of age when applying for the loan, and a maximum of sixty years of age at the end of the loan maturity period, such candidates are also eligible to apply.

Self Employed***:

  • Individuals owning a Private Limited Company dealing with manufacturing, trading or service sectors.
  • Rs. 2,50,000 per annum should be a minimum compensation received.
  • Individuals who have provided an office landline number.

***The companies mentioned below are eligible for a Used Car Loan in Khargone city:

  • Sole Proprietorship
  • Partnership Firms
  • Public Limited Companies
  • Private Limited Companies

Used Car Loan for Major Car Manufacturers in Khargone


Processing Fees & Prepayment Charges on Used Car Loan Khargone

Category Details
Processing Charges
1999 - 4999 + Tax
No prepayment is allowed until 12 EMIs are paid
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

Apply for a Car Loan

Pre Calculated EMI Table for Used Car Loan Khargone

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 Khargone

About Khargone

Khargone is situated at the bank of Kunda river in the Madhya Pradesh state of India. The city is known for its cotton and chilly production and the Navgraha Mandir.

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