Best Banks for Used Car Loan in Morinda
Used Car Loan Morinda Features
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
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Bank
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Processing Fee
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Prepayment Charges
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HDFC Bank Car Loan
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(1999 - 4999) + Tax
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2%, Nil foreclosure charges after 24 months
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Axis Bank Car Loan
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1 % to 2.50%
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Nil
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Private Bank Car Loan
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0.25% to 1.50%
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2%, Nil foreclosure charges after 36 months
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SBI Car Loan
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500/- to 0.50%
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Nil
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Kotak Car Loan
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1% to 2%
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2.25% of fore closure amount if closed 1 month ahead of the tenure.
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IIFL Car Loan
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Nil
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Nil
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Muthoot Car Loan
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Nil
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Nil
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Manappauram Car Loan
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Nil
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Nil
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PNB Car Loan
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0.70% to 1%
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Nil
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Canara Bank Car Loan
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1%
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Nil
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Andhra Bank Car Loan
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Nil
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Nil
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To check Car Loan Interest Rate for all major banks you can visit: Car Loan Interest Rates
Used Car Loan Morinda Documents Required
Know more about Documents required for car loan.
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.
Know more about Car Loan eligibility criteria.
A good CIBIL score is a must before applying for a loan other than a gold loan. Making sure your CIBIL score is good before applying for a loan is a good practice.
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
Pre Calculated EMI Table for Used Car Loan Morinda
Used Car Loan EMI Calculator Morinda
About Morinda
Morinda is a beautiful city located in Punjab state of India.
