Used Car Loan Nahan

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Used Car Loan Nahan

Best Banks for Used Car Loan in Nahan

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 Nahan Features

used car loan nahanWhat about owning a used vehicle? But don’t they have the necessary money for it? Make no problems! There is a used car loan for you as well. A used car loan is a mode of debt or financial help given to borrowers at an accessible rate of interest by banks and NBFCs to help them afford a car.

As used car loan online have been a necessity for all, the cost of used cars is growing increasingly on a daily basis. This is where you come into effect with a used car loan and pursue your wish to be the driver of your dream used car. A used car loan in Nahan has the key features of:

  • Obtain 80% of the car’s worth as a loan sum for 3 years without evidence of income
  • Experience clear, trouble-free production, prompt approvals, and fast disbursements
  • Track your application anywhere, anywhere. Get status updates at every phase of your loan application
  • Enjoy doorstep service and fast and clear documentation

Used Car Loan Nahan 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

Used Car Loan Nahan Documents Required

For Salaried:-

The documents required for car loan are :

  • Identity_Proof: PAN Card, Voters ID card, Passport copy, Driving License, NREGA ‘s Work Card Released, Letter provided by the National Registry of Populations containing the name and address information
  • Income_Proof: Latest 3-month salary slip with form 16
  • Address_Proof: Driving license / Voters card / Passport Copy / NREGA ‘s Work Card Released / Letter provided by the National Registry of Populations containing the name and address information /PAN Card
  • Bank_Statement: Last 6 months.

For Self Employed:-

  • Identity_Proof: PAN Card, Voters ID card, Passport copy, Driving License, NREGA ‘s Work Card Released, Letter provided by the National Registry of Populations containing the name and address information
  • Income_Proof: Latest ITR with wage slip
  • Address_Proof: Voters card / Passport Copy / NREGA ‘s Work Card Released / Letter provided by the National Registry of Populations containing the name and address information / Driving license /PAN Card
  • Bank_Statement: Last 6 months.

Used Car Loan Nahan Eligibility Criteria

For Salaried:-

The eligibility for car loan are:

  1. Minimum_age: 21 years
  2. Maximum_age at loan maturity: 65 years
  3. Minimum_employment: 1 year in current employment and a minimum of 2 years of employment
  4. Minimum_Annual Income: Rs 2,50,000 net annual income with spousal income

For Self-Employed:-

  1. Minimum_age: 25 years
  2. Minimum_Annual Income: Net profit Rs. 2,50,000 at most
  3. Maximum_age at loan maturity: 65 years
  4. Minimum_employment: at smallest 3 years in sales

How to Apply for Used Car Loan in Nahan?

Availing a used car loan Nahan is an easy process with DialaBank. Follow the following steps to avail the best offers:

  • Visit our website Dialabank  and you will get the requirements
  • Click on the used car loan option available in the menu
  • Check in the specifics of the model of car used and your profits.
  • Hold as you will soon be approached by our relationship manager on your assigned account.
  • In the event of any issues about the loan, you can also contact our relationship managers on 9878981166.
  • To make use of an indirectly used car loan you’ll need to visit the branch directly, which could turn out to be frenetic for you.

Used Car Loan for Major Used Car Manufacturers in Nahan 

TABLE WILL APPEAR

Processing Fees / Prepayment Charges on Used Car Loan Nahan

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 Nahan

This score could vary between bank to the bank again. You would be expected to pay a high – interest rates on the loan sum in case of a bad CIBIL score than the required value whereas if your CIBIL score is strong then you will have to pay a poor rate of interest. A Fico score is also an important aspect for a used car loan.

This score could vary from bank to bank again. You would be expected to pay a high rate of interest on the loan sum in case of a poor CIBIL score than the required value whereas if your CIBIL score is decent then you will have to pay a poor rate of interest. A CIBIL score is also an important consideration for a used car loan.

Used Car Loan Nahan Contact Number

If you have any questions about the used car loan in Nahan, you can contact me for any kind of assistance on number 9878981166.

Pre Calculated EMI Table for Used Car Loan Nahan

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 Nahan

Nahan has spun his history into many stories and myths. It is believed that this town derives its name from a sage named Nahar who lived on the same site where this town stands today, established by Raja Karan Prakash in 1621 as the capital.

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