Used Car Loan Morinda

I have read the Privacy Policy & Agree to Terms & Conditions and authorize Dialabank & its partner institutions to Call or SMS me with reference to my application.

Buy your dream Car

Rates as low as 7.35%*
Up to 100% Funding
Doorstep Service
Hassle-free Disbursal
Unbiased Experts Advice

Best Banks for Used Car Loan in Morinda

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 Morinda FeaturesUsed Car Loan Morinda

A Used Car Loan Morinda help you with buying the best car with a simple spending blueprint and affordable budgetary model offered by Dialabank with below-mentioned features:

  • You may likewise acquire up to 100% of the estimation of the vehicle to the estimation of 3-6 times your yearly compensation.
  • Vehicle at credit development age will not surpass 10 years, with a most extreme advance residency of 60 months
  • Customized help and warning by our exceptionally prepared specialists to pick a vehicle that meets your needs.
  • Get 85% of the estimation of the vehicle as a credit sum for a long time without pay confirmation check.
  • Appreciate doorstep administration and simple documentation for our clients.
  • Adaptable reimbursement residencies beginning from a year to facilitate the weight.
  • Helpful and tweaked reimbursement plans accessible with the effectively payable portions
  • You can get a credit up to Rs 2.5 crore on the said vehicle’s worth.

*Terms and Conditions Apply

Used Car Loan Morinda 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 Morinda Documents Required

For Salaried Individuals:

For Identity and Address Proof:

  • Passport
  • Driving license
  • The letter assigned by the National Population Register mentioning name & address
  • Voters ID Card
  • 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:

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

For Self Employed**:

Income proof: Most Recent ITR and audited balance sheet with profit & loss account.

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

For Sign Verification Proof:

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

For Address Proof:

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

**The following businesses are also applicable for a Used Car Loan Morinda:

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

Used Car Loan Morinda Eligibility Criteria

The following candidates are eligible to apply for a Pre-Owned Car Loan in Morinda:

Salaried Individual:

  • Minimum Job Experience: People with job experience for a minimum of 2 years and a minimum of 1 year with the current employer.
  • Minimum Earning: People receiving a minimum of Rs. 2.5 lakhs yearly, the income of the husband/wife can be considered as included with the candidate’s income.
  • Age Limit: People must have the age of minimum 21 years when asking for the loan and a maximum of 60 years of age at the closing of the loan period.
  • Professionals a doctor, CAs, private and public limited company employees are eligible to apply for this loan.

Self Employed***:

  • People owning a private company dealing with manufacturing, trading, or service sectors.
  • Rs. 2.5 lakhs per year should be a minimum earning.
  • People who have an office landline number.

***The following organisations are also eligible for a Used Car Loan Morinda:

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

Used Car Loan for Major Car Manufacturers in Morinda

TABLE WILL APPEAR

Processing Fees / Prepayment Charges on Used Car Loan Morinda

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 Morinda

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 Morinda

About Morinda

Morinda is a beautiful city located in Punjab state of India.

Used Car Loan For Other Cities

Used Car Loan CheekaUsed Car Loan Dinanagar
Used Car Loan FazilkaUsed Car Loan Nabha
Used Car Loan ZiraUsed Car Loan Kartarpur
Used Car Loan BhadsonUsed Car Loan Ajnala
Menu