Used Car Loan Mandya

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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 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 Features

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

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 Mandya Documents Required

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 following people are eligible to ask for a Pre-Owned Car Loan in Mandya:

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
Prepayment Charges	>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 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