Used Car Loan Khargone

Best Banks for Used Car Loan Khargone

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 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

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 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:https://www.dialabank.com/used-car-loan/

  • 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

TABLE WILL APPEAR

Processing Fees & Prepayment Charges on Used Car Loan Khargone

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

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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