Used Car Loan Mahabubnagar

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Used Car Loan Mahabubnagar

Best Banks for Used Car Loan Mahabubnagar

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 Mahabubnagar Features

used car loan mahabubnagar

Utilized vehicles advance as of the name gives credit to the clients with the goal for them to claim a used car. This causes clients to finish their requests of buying a vehicle with a lot lesser weight of Capital speculation. Such credits are getting effectively accessible because of the incredible ascent popular for the trade-in vehicle buy in the car market.

Regular presence has a lot with expanding utilization of vehicles. Utilized vehicles have the advantage of low capital speculation.

The Basic features of used car loan Mahabubnagar are:

  • The car loan interest rate is a very less.
  • The process is small and mostly quick.
  • Dialabank is efficient for used car loans.
  • A great number of banks are ready for advancing the loan.
  • The used car loan is becoming common.

Used Car Loan Mahabubnagar 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

Used Car Loan Mahabubnagar Documents Required

For Self Employed:-

  • Proof of identity: PAN Card, Voters ID card, Copy of a passport, Driving License
  • Income Proof: Latest 3-month salary slip with form 16
  •  Proof of residence: Driving license / Voters card / Passport Copy 
  •  Statement of Bank: Last 6 months.

For Salaried:-

  • Proof of Identity: PAN Card, Voters ID card, Copy of a passport, Driving License
  • Income Proof: Latest Income tax returns (ITR)
  •  Proof of residence: Voters card / Passport Copy / Driving license 
  •  Statement of Bank: Last 6 months

Used Car Loan Mahabubnagar Eligibility Criteria

For Salaried:-

  1. Minimum age:  21years
  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: 2,50,000 annually

For Self-Employed:-

  1. Minimum age:  25 years
  2. Maximum age at loan maturity:  65 years
  3. Minimum employment: at smallest 3 years in sales
  4. Minimum Annual Income: 2,50,000 annually

How to Apply for used Car Loan in Mahabubnagar?

Availing a used car loan in Mahabubnagar is an easy process with DialaBank. Follow the following steps to avail the best offers:

  • Visit our site Dialabank. Snap-on the used car loan choice accessible in the menu.
  • Fill in the insights about the car type and your salary.
  • Hold up as our relationship supervisor will before long connect with you on your given number.
  • You may likewise contact our relationship chiefs on the number 9878981166 if there should arise an occurrence of any inquiries with respect to the credit required.
  • For profiting a used car loan disconnected you should visit the branch by and by, which may go to be chaotic for you.

Car Loan for Major Car Manufacturers in Mahabubnagar

Processing Fees / Prepayment Charges on used Car Loan Mahabubnagar

The processing fee with Diaabank is a little amount to make the work smooth and is a really small amount of the loaned out capital.

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

Used Car Loan Mahabubnagar Contact Number

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

Pre Calculated EMI Table for Used Car Loan Mahabubnagar

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 Mahabubnagar

Mahabubnagar is the biggest locale in Telangana regarding territory (18432.00 sq. km) secured. It is otherwise called Palamoor. The name was changed to Mahabubnagar to pay tribute to Mir Mahbub Ali Khan Asaf Jah VI, the Nizam of Hyderabad (1869-1911 AD). The area was arranged between 77° 15′ and 79° 15’E, of the eastern longitudes and 15° 55′ and 17° 20’N, of northern scopes.

Mahabubnagar is southern area of Hyderabad state under Nizam and circumscribed with River Krishna in the south and encompassed by the Guntur District of AP toward the east, Kurnool region of AP toward the south, Nalgonda and Ranga Reddy Districts toward the north and Gulbarga and Raichur Districts of the province of Karnataka toward the West.

Car Loan EMI Calculator