Used Car Loan Madhubani

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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 Madhubani

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 Madhubani FeaturesUsed Car Loan Madhubani

Availing a Used Car Loan Madhubani can give you the subsequent benefits:

  • One may seek to maximize the car value up to 100% depending upon the value of three times your annual earnings which is convenient and customized repayment plans available with the easily payable instalments.
  • Flexible repayment period starting from twelve months to ease the burden on your pockets and get personalized help by our highly trained experts to choose a car that meets your wants.
  • Car at loan maturity age shall not exceed 10 years, with a maximum loan tenure of 60 months and enjoy doorstep service and easy documentation for our customers and avail a loan up to Rs.2.5 crore on the pre-owned value of the said vehicle.

*Terms and Conditions Apply

Dialabank present their best picks for a used car loan all across Madhubani!

Used Car Loan Madhubani 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 Madhubani Documents Required

For Salaried Individuals:

For Identity and Address Proof:

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

For Income Proof:

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

For Signature Verification Proof:

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

For Self Employed**:

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

Remuneration proof: Latest Income Tax Return records and audited balance sheet with profit & loss account.

For Sign Verification Proof:

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

For Address Proof:

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

**The companies are also applicable for a Used Car Loan Madhubani, which are:

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

Used Car Loan Madhubani Eligibility Criteria

The candidates seeking to apply for a Pre-Owned Car Loan in Madhubani require the subsequent standards:

Salaried Individual:

  • Minimum Earning: Candidate earning a minimum of Rs. 2,50,000 annually (the income of the spouse can be considered as included with the candidate’s income) are eligible.
  • Minimum Work Experience: Individuals having a work experience of a minimum of 2 years, also a minimum of 1 year with the current employer are eligible.
  • Age Limit: Individuals having 21 years of age or above at the time of applying for the loan, and not exceeding 60 years of age at the end of the loan maturity period are eligible.
  • Professional practitioners: doctor, CAs, private limited company employee, employees from public sectors including central, state, and local bodies are eligible.

Self Employed***:

  • Individuals who own a private company in the business of manufacturing, trading, or service undertakings are eligible.
  • Rs. 2,50,000 per year should be a minimum remuneration are eligible.
  • Individuals who have an office landline number are eligible.

***The companies are also eligible for a Used Car Loan Madhubani. They can be:

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

Used Car Loan for Major Car Manufacturers in Madhubani

TABLE WILL APPEAR

Processing Fees / Prepayment Charges on Used Car Loan Madhubani

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

Pre Calculated EMI Table for Used Car Loan Madhubani

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 Madhubani

About Madhubani

Madhubani is one of the thirty-eight districts of Bihar state of India. The world-famous Madhubani art was traditionally created by the women of various communities in the Mithila region of India and Nepal.

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