Used Car Loan Nagercoil

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.

Best Banks for Used Car Loan in Nagercoil

Feature	HDFC Bank	Private 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 Nagercoil Features

Used Car Loan Nagercoil What about buying a car? But don’t they have the requisite funds for it? Only don’t stress! There’s a used car loan for you here. A used car loan is a method of investment or welfare support given to the customers by banks and NBFCs at a fixed interest rate to help them afford a used car.

Even though used cars seem to be a staple for everyone, but the cost of used cars is growing increasingly day after day. It is like this where a used car loan comes into play and satisfy your urge to be the owner of your used car desire.

A car loan in Nagercoil has the major characteristics of:

Borrowing on a wide selection of used cars and intra-use vehicles up to Rs.2.5 Crore
End-to-end service gain — from testing to the quitclaim deed.
Get specific aid in choosing a car that satisfies your particular needs
Dynamic tenures of redemption between 12 months and 84 months

Used Car Loan Nagercoil 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
Private 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 Car Loan Interest Rate for all major banks you can visit: Car Loan Interest Rates

Apply for a Car Loan

Used Car Loan Nagercoil Documents Required

An individual must check the documents required for car loan before deciding.

For Salaried:-

“Identity” Proof: PAN Card, Voters ID card, Passport copy, Driving License, NREGA job card provided, Letter based on the national Registers of Population containing username & hostname
“Income” Proof: Latest 3-month salary slip with form 16
“Address” Proof: Driving license / Voters card / Passport Copy / NREGA job card provided / Letter based on the national Registers of Population containing username & hostname /PAN Card
“Bank” Statement: Last 6 months.

For Self Employed:-

“Identity” Proof: NREGA job card provided, Letter based on the national Registers of Population containing username & hostname, PAN Card, Voters ID card, Passport copy, Driving License
“Income” Proof: Latest ITR
“Address” Proof: Voters card / Passport Copy / Driving license / NREGA job card provided / Letter based on the national Registers of Population containing username & hostname /PAN Card
“Bank” Statement: Last 6 months.

Used Car Loan Nagercoil Qualified Criteria

An individual must fulfil the Eligibility criteria for car loan to avail of the loan amount.

For Salaried:-

Minimum requirement “age”: 21 years
Maximum requirement “age at loan maturity”: 60 years
Minimum requirement “employment”: Practice with much the same employer for at least 2 years, with a duration of 1 year
Minimum requirement “Annual Income”: Rs. 2,50,000 per annual salary, plus marriage profits

For Self-Employed:-

Minimum requirement “age”: 25 years
Maximum requirement “age at loan maturity”: 65 years
Minimum requirement “employment”: at smallest 3 years in sales
Minimum requirement “Annual Income”: Rs. 2,50,000 per annual salary

How to Apply for Used Car Loan in Nagercoil?

The issuance of a used car loan Nagercoil with DialaBank is a simple operation. Follow the procedure below to get the best bargains available:

Do click our website Dialabank
Click on the form used for a car loan in the menu
Fill in the details about the sort of used car and your earning
Wait for our potential customer to get in contact with you on your applied ethics soon.
In case of any doubts about the loan, you can also approach our project managers on telephone 9878981166.
To make use of an indirectly used car loan, you’ll need to visit a branch individually, which might turn out to be exhausting for you.

Used Car Loan for Major Used Car Manufacturers in Nagercoil

TABLE WILL APPEAR

Processing Fees / Prepayment Charges on Used Car Loan Nagercoil

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

CIBIL Score Required for Used Car Loan in Nagercoil

The CIBIL score is called what determines the capacity to produce the credits payable. A higher credit report means a good credit rating and quick and simple handling of your car lending process. For the most part, banks and NBFCs consider a payment history of 750 that is above to be a reasonable score for approving your Nagercoil loan job application.

This result will vary from bank to bank, again. You would have been obligated to pay a high price on the loan sum in view of a weak CIBIL score than the measured value and if your Compost pile is high then you’ll have to pay a poor real interest rate. Therefore a CIBIL score in a used car loan is an important component.

Used Car Loan Nagercoil Contact Number

For any reservations about the used car loan in Nagercoil, you can phone for any kind of support on the telephone 9878981166.

Pre Calculated EMI Table for Used Car Loan Nagercoil

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

You can calculate your EMI here: Car Loan EMI Calculator

About Nagercoil

Nagercoil is the administrative capital of the district and it has many public schools, hospitals, offices, and industries. It is also the base of district residents and manufacturing development, and a rich agricultural region growing cotton and rice. It mines the minerals ilmenite and monazite.