Used Car Loan Kollam

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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 Kollam

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 Kollam Features

Buying car has always been a difficult jobas vehicle costs hit the sky. Very few people have the funds in their bank account to afford to purchase even used car. Used Car Loan that provides monetary assistance to people who want to purchase pre-owned vehicle is the solution to this issue. Some of the features are:
  • Attractive interest rates on Kollam Used Car Loan 
  • Choose any car is available in India 
  • Repay your loan quickly with EMIs 
  • Loans free of  hurdles-no post-dated checks required 

Used Car Loan Kollam 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

Used Car Loan Kollam 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 / Telephone Bill / Ration card / Electricity Bill / Life Insurance Policy /PAN Card
  • Bank Statement: Last 3 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 / Telephone Bill / Driving license / Electricity Bill / Life Insurance Policy /PAN Card
  • Bank Statement: Last 3 months.

Public Limited Companies, Private Limited Companies, Hindu Undivided Family – HUF can also avail used car loan.

Used Car Loan Kollam Eligibility CriteriaUsed car loan kollam

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 2,50,000 net annual income

For Self-Employed:-

  1. Minimum age: 25 years
  2. Maximum age at loan maturity: 65 years
  3. Minimum employment: Should have been in business for a minimum of 3 years
  4. Minimum Annual Income: Rs 2,50,000 net annual income
Public Limited Companies, Private Limited Companies, Hindu Undivided Family-HUF can also take advantage of a used car loans.

Used Car Loan for Major Car Manufacturers in Kollam

TABLE WILL APPEAR

Processing Fees / Prepayment Charges on Used Car Loan in Kollam

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 Kollam Contact Number

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

Pre Calculated EMI Table for Used Car Loan Kollam

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 Kollam

About Kollam

Kollam known by its former name Quilon is an old seaport and town on the coast of the Indian state of Kerala, on the Laccadive Sea.

    

 

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