Used Car Loan Morvi

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Rates as low as 13.60%*
Up to 100% Funding
Doorstep Service
Hassle-free Disbursal
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Best Banks for Used Car Loan Morvi

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 Morvi Features

Get easy Used Car Loan Morvi with Dialabank. Used Car Loans are the most convenient loans that allow the buyer to easily pick the car of their choice.

These loans are hassle-free and do not constrain the buyer and allow them to explore as many as options they want.

Used Car Loan Morvi

  • Used Car Loans have flexible repayment options from 12 to 60 months.
  • Attractive deals with lowest interest rates
  • Quick and super convenient processing of the loan.
  • Buying assistance or any loan-related query assistance available at Dialabank.

Used Car Loan Morvi Interest Rate

Get affordable interest rates on Used Car Loan Morvi.

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

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Used Car Loan Morvi Documents Required

Essential documents required for Used Car Loan Morvi:

Salaried Individuals:

Any of the given documents can be the identity & Address Proof:

  • Valid Passport
  • A Permanent Driving license [recent, legible, laminate]
  • Voters ID Card
  • Job card issued by NREGA
  • Letter issued by the National Population Register containing details of name & address

The given documents can be used as proof of income:

  • Latest Salary Slip
  • Latest Form 16

Any of the following can be used as the signature verification proof:

  • The Passport Copy
  • Photo Driving License with DOB (recent, legible, laminated)
  • Credit Card Statement with Credit Card Copy
  • Banker’s Verification

Self-employed Individual

Any of the following can be used as the address proof:

  • Memorandum and articles of association
  • Electricity Bill
  • Telephone Bill
  • Certificate of incorporation

Any of the given can be used for signature verification:

Passport copy/ driving license copy with DOB/Credit card statement with credit card copy/ Banker’s verification /Copy of Margin money paid to the bank.

Memorandum and Articles of Association/Certificate of Incorporation as age proof.

Memorandum and Articles of Association/Certificate of Incorporation as identity proof.

Latest ITR and audited balance sheet along with profit & loss account as proof of income.

Used Car Loan Morvi Eligibility Criteria

The criteria to be met to avail a Used Car Loan Morvi:

Salaried Individuals:

  1. The individual must be an employee of  the Pvt. Ltd. company, doctor, CA, lawyer, public sector undertaking that includes local, state, or central bodies.
  2. The individual should be of a minimum of 21 years of age while applying for a loan and a maximum of 60 at the time of tenure closure of the loan.
  3. An employment experience of 2 years in any company along with documented proof of 1-year employment in the current company.
  4. The income criteria are the individual should earn a minimum of 2,50,000 per annum inclusive of the spouse’s earning.

Self Employed Individuals:

  1. The individual must be the sole proprietor of the organization that he/she operates
  2. Should earn at any rate Rs. 2,50,000 for every annum
  3. The individuals should have either a residence or a company’s telephone line.

Used Car Loan for Major Car Manufacturers in Morvi

TABLE WILL APPEAR

Processing Fees / Prepayment Charges on Used Car Loan Morvi

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 Morvi

The CIBIL score is considered to be what characterizes your capacity to take care of your credits. A higher Credit score implies a great record as a consumer and makes your vehicle advance application measure smooth and simple to be handled.

Generally, banks and NBFCs consider a FICO assessment of 720 or more as a decent score to affirm your credit application measure for Used Car Loan Morvi.

This score may again vary from bank to bank. In the event of a low CIBIL score than the necessary worth, you will be needed to pay a high rate financing cost on the credit sum while on the off chance that your CIBIL score is acceptable, at that point you may need to pay a low pace of intrigue.

Subsequently, a CIBIL score is a significant factor in vehicle credit.

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Used Car Loan Morvi Contact Number

In case of any queries regarding the Used car loan Morvi, you may contact on the number 9878981166 for any sort of assistance. Or for any further assistance, you can also visit us on our website Dialabank.

Pre Calculated EMI Table for Used Car Loan Morvi

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 Morvi 

Morvi also spelled as Morbi is a City and a municipality in the Morbi district in the Indian state of Gujarat. It is situated on the Kathiawar peninsula. In 2011, the town’s population was determined to be 194,947. The town of Morvi is situated on the Machhu River, 35 km from the sea, and 60 km from Rajkot. 90% of India’s ceramic output is produced from Morvi.

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