Used Car Loan Morbi

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Rates as low as 13.60%*
Up to 100% Funding
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Best Banks for Used Car Loan Morbi

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 Morbi Features

used car loan morbi

Morbi as a city is developing and hence the demand for used cars is also gaining numbers. In such case, it is a mandatory step for various banks and agencies to loan our capital for used cars under some hassle-free features and procedures. In such cases, the Dialabank presents great features of why loaning advance for used cars is a great deal with the bank.

Features:

The easiest ways to enroll for used car loans have the following great features to rely on:

  • The interest rates given by banks are low for used car loans in Morbi.
  • All the grand and major banks and NBFCs offer car loans in Morbi.
  • The documentation process is speedy.
  • Used Car loans are easily available through DialaBank.

Used Car Loan Morbi 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
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 Morbi Documents Required

For Salaried:-

  •  Proof of Identity: PAN Card, Voters ID card, Passport copy, Driving License
  • Income Proof: Latest 3-month salary slip with form 16
  • Proof of Residence: Driving license / Voters card / Passport Copy /PAN Card
  • Statements of Bank: Previous 6 months.

For Self Employed:-

  • Proof of Identity: PAN Card, Voters ID card, Passport copy, Driving License
  • Income Proof: Latest ITR
  •  Proof of Residence: Voters card / Passport Copy /  Driving license / PAN Card
  • Bank Statement: Last 6 months.

Used Car Loan Morbi Eligibility Criteria

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: Rs 2.5 lakhs as the annual income

For Salaried:-

  1. Minimum age: 25 years
  2. Maximum age at loan maturity: 60 years
  3. Minimum employment: a minimum of 2 years of employment and 1 year in current employment
  4. Minimum Annual Income: Rs 2.5 lakhs as the annual income

How to Apply for Used Car Loan Morbi?

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

  • Visit our website Dialabank
  • Click on the car loan option available in the menu
  • Fill in the details regarding the car type and your income
  • Wait as our relationship manager will soon get in touch with you on your provided number.
  • You may also contact our relationship managers on the number 9878981166 in case of any queries regarding the loan.
  • For availing a car loan offline you will have to visit the branch personally, which might turn to be hectic for you.

Used Car Loan for Major Car Manufacturers in Morbi

TABLE WILL APPEAR

Processing Fees / Prepayment Charges on Used Car Loan Morbi

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

CIBIL Score Required for Used Car Loan in Morbi

The CIBIL code characterizes the FICO rating history for the candidate. This makes it simpler for fir banks to confide in the candidate with their serious cash. The better you deal with your financial assessment, the better is the opportunity to get the credit endorsed. A score of 750 or more it considers a truly fit financial assessment for the credit endorsement from practically any bank.

Used Car Loan Morbi Contact Number

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

Pre Calculated EMI Table for Car Loan Morbi

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 Morbi

Morbi or Morvi is a city and a region in the Morbi area in the Indian territory of Gujarat. It is arranged on the Kathiawar promontory. In 2011, the town’s populace was resolved to be 194,947.[1] The town of Morbi is arranged on the Machhu River, 35 km from the ocean, and 60 km from Rajkot.

A significant part of the structure legacy and town arranging is credited to the organization of Sir Lakhdhiraji Waghji,[citation needed] who controlled from 1922 to 1948

90% of India’s, and 5% of the World’s, the yield of clay things are created in Morbi.

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