Used Car Loan Mandya

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Rates as low as 13.60%*
Up to 100% Funding
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Used Car Loan Mandya

Best Banks for Used Car Loan in Mandya

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 Mandya FeaturesUsed Car Loan Mandya

You can now enjoy the perk of a Used Car Loan Mandya, which delivers in the following features as stated below by Dialabank for you:

  • Beginning from 12 months, we have flexible repayment plans planned for you.
  • The readily payable instalments are prepared with handy and customized repayment strategies.
  • Our highly-trained specialists to help choose a car that meets your needs for a personalised experience.
  • You may also obtain up to 3-6 times your year-long pay which means 100% of the value of the car.
  • Get loan amount for 5 years without income proof-verification up to 85% of the value of the car.
  • Simple documentation for our clients who can now experience doorstep aid.
  • Loan up to Rs 2.5 crore on the value of the car can be obtained by you.
  • Maximum loan claim for 60 months given that the car at loan maturity phase should be a maximum of 10 years.

*Terms and Conditions Apply

Used Car Loan Mandya Interest Rates

Check latest interest rates of car loan at dialabank.

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 Mandya Documents Required

These documents required for used car loan

For Salaried Individuals:

For Identity and Address Proof:

  • Passport Copy
  • A letter allotted by the National Population Register stating name and address
  • Driving license
  • Voters ID Card
  • Job card granted by NREGA

For Income Proof:

  • Latest Salary Slip is asked
  • Bank Statements for the last six months
  • Latest Form 16/ Latest Income Tax Return report

For Signature Verification Proof:

  • Driving License
  • Credit Card Statement and its Copy
  • Verification of the banker
  • Copy of margin cash paid to the Bank
  • Passport Copy

For Self Employed**:

Income proof: Freshest ITR records and audited balance sheet with profit & loss account details.

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

For Sign Verification Proof:

  • Credit Card Statement and its Copy
  • Copy of Margin Money Paid to Bank.
  • Passport Copy
  • Verification of the banker
  • Driving License Copy

For Address Proof:

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

**The subsequent companies are also applicable for a Used Car Loan Mandya:

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

Used Car Loan Mandya Eligibility Criteria

The eligibility criteria apply for used car loan as follows-:

Salaried Individual:

  • Minimum Employment Practice: People having job experience for a minimum of 2 years and a minimum of 1 year with the current employer can apply.
  • Minimum Earning: People earning a minimum of Rs. 2.5 lakhs yearly, the earnings of the spouse or mate can be recognised as added with the candidate’s income.
  • Age Limit: People possessing the age of 21 years when demanding for the loan and a maximum of 60 years of age at the end of the loan maturity tenure.
  • Professionals such as a doctor, CAs, a private or public limited company employee can apply for the loan.

Self Employed***:

  • People who own a private company in the business of manufacturing, trading, or service establishments.
  • Rs. 2.5 lakhs per year should be a minimum earning.
  • People who have an office landline number.

***The following companies are also eligible for a Used Car Loan Mandya:

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

Used Car Loan for Major Car Manufacturers in Mandya

TABLE WILL APPEAR

Processing Fees / Prepayment Charges on Used Car Loan Mandya

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

Pre Calculated EMI Table for Used Car Loan Mandya

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 Mandya

About Mandya

Mandya is positioned in the Indian state of Karnataka and is well-attached with railway and roadway routes.

Note-: Must check your cibil score before buying car loan at dialabank.

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