Used Car Loan Kota

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Used Car Loan Kota

Best Banks for Used Car Loan in Kota

Feature
HDFC Bank
Private 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 Kota Features 

Advance Amount Used car loans in kota

  • Avail of loan up to Rs. 2.5 crore on a wide range of pre-owned cars and multi-utility vehicles
  • Get between 3 to various occasions your yearly compensation, and get up to 100% of the assessment of the car* *Age of Car at credit improvement should not cross 10 years, subject to the most extraordinary development residency of 60 months

Unequalled help

  • Great circumstance thoroughly notice – from examination to title move
  • Get balanced assistance to pick a vehicle that meets your specific needs
  • The benefit of adjusted and solid repayment plans with pocket-obliging EMIs

Adaptable Repayment Tenure

  • Adaptable reimbursement residencies from a year to 60 months
  • Snappy and essential Processing and backing
  • Experience clear issue free preparing, speedy backings, and quick disbursals
  • Track your application at whatever point, any place. Get statements about your credit application at each stage
  • Recognize doorstep association and convenient and essential documentation
  • Check your advancement ability in only 60 seconds

Loans without income proof

  • Get 80% of the assessment of the vehicle concerning the development entirety for quite a while without pay affirmation
  • Get 85% of the assessment of the vehicle concerning the development entirety for quite a while without pay affirmation

Used Car Loan Kota 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
Private 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

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Used Car Loan Kota Documents Required

Documents required for car loan are as followed:

Salaried Individuals:

Any of the accompanying archives as personality and Address Proof:

  1. Substantial Passport
  2. Lasting Driving permit [recent, decipherable, laminate]
  3. Citizens ID Card
  4. Occupation card gave by NREGA
  5. The letter gave by the National Population Register containing subtleties of name and address

All the accompanying archives as evidence of salary:

  1. Most recent Salary Slip
  2. Most recent Form 16/Latest ITR
  3. Last 6 months bank statement

Any of the accompanying assign confirmation verification:

  1. Identification Copy
  2. Photograph Driving License with DOB (later, readable, covered)
  3. Financial record with Credit Card Copy
  4. Broker’s Verification
  5. Duplicate of Margin Money Paid to the Bank

Self-employed Individuals

  1. Update and Articles of Association/Certificate of Incorporation as age evidence
  2. Update and Articles of Association/Certificate of Incorporation as personality verification
  3. Most recent ITR and reviewed monetary record alongside benefit and misfortune account as verification of salary

Any of the accompanying archives as address evidence:

  1. Notice and Articles of Association
  2. Affirmation of Incorporation
  3. Phone Bill
  4. Power Bill

Any of the accompanying assign confirmation verification:

  1. Visa Copy
  2. Photograph Driving License with DOB (later, clear, covered)
  3. Financial record with Credit Card Copy
  4. Investor’s Verification
  5. Duplicate of Margin Money Paid to the Bank

Used Car Loan Kota Eligibility Criteria

The car loan eligibility requirements are as followed:

Salaried Individuals:

  1. This incorporates specialists, CAs, representatives of private restricted organizations, workers from public area endeavours, including focal, state, and neighbourhood bodies
  2. People who are at least 21 years old at the hour of applying for the advance, and no more established than 60 toward the finish of the credit residency
  3. People who have had work for in any event 2 years, with at least 1 year with the current manager
  4. The individuals who procure at least Rs. 2,50,000 every year, including the salary of the companion

Self Employed Individuals:

  1. This incorporates individuals who own a private organization in the matter of assembling, exchanging, or benefits
  2. Ought to acquire at any rate Rs. 2,50,000 for every annum
  3. Individuals who have an office landline

How to Apply for Used Car Loan in Kota?

Profiting a vehicle advance Thane is a basic cycle with DialaBank. Follow the going with steps to benefit from the best offers:

  1. Visit our site Dialabank.
  2. Snap on the vehicle advance choice open on the menu.
  3. Fill in the encounters about the vehicle type and your remuneration.
  4. Hold up as our relationship supervisor will in a short period of time interface with you on your gave number.
  5. You may in like way contact our relationship supervisors on the number 9878981166 if there should be an occasion of any sales concerning the credit.
  6. For benefitting a vehicle credit withdrew you should visit the branch in a brief timeframe, which may go to be expedient for you.

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Used Car Loan for Major Car Manufacturers in Kota

TABLE WILL APPEAR

Processing Fees / Prepayment Charges on Used Car Loan Kota

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

CIBIL Score Required for Used Car Loan in Kota

The Cibil score is suggested concerning what depicts your ability to deal with your credits. A higher Credit score concludes an astonishing record as a customer and makes your vehicle advance application measure smooth and easy to be overseen. In general, banks and NBFCs consider a FICO appraisal of on any occasion 720 as a fair score to request your credit application measure, Kota.

This score may again move from bank to bank. In case of a low CIBIL score than the basic worth, you will be depended upon to pay a high pace of financing cost on the credit total while if your CIBIL score is exemplary, by then you may need to pay a low pace of interest. Consequently, a CIBIL score is an enormous factor in vehicle credit.

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Used Car Loan Kota Contact Number

In case of any requests regarding the vehicle credit in Kota, you may contact the number 9878981166 for such assistance.

Pre Calculated EMI Table for Used Car Loan Kota

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 Kota

Kota is a city on the Chambal River in Rajasthan, northern India. Inside the Kota Garh or City Palace, the Maharao Madho Singh Museum displays smaller than usual works of art and classical weapons. South, along the stream, peaceful Chambal Garden has a lake with crocodiles. Upper East, eighteenth-century Jagmandir Palace sits in Kishore Sagar Lake. Seven Wonders Park incorporates smaller than expected reproductions of the Eiffel Tower and Taj Mahal.

Car Loan EMI Calculator Kota

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