Used Car Loan Nagercoil

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Used Car Loan Nagercoil

Best Banks for Used Car Loan in Nagercoil

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 Nagercoil Features

Used Car Loan NagercoilWhat 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
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 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:-

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

For Self-Employed:-

  1. Minimum requirement “age”: 25 years
  2. Maximum requirement “age at loan maturity”: 65 years
  3. Minimum requirement “employment”: at smallest 3 years in sales
  4. 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
>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.

Used Car Loan EMI Calculator