Used Car Loan Nalagarh

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Used Car Loan Nalagarh

Best Banks for Used Car Loan Nalagarh

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 Nalagarh Features

Used Car Loan Nalagarh

With the increasing hustle in the work arena, speed has become an integral part of our lives. Dialabank brings you the easiest option to avail of a Used Car Loan to fulfill your desire to own a car so as to keep up with the speeding time.

With Dialabank sanction the easiest Used car loan and welcome the Used Car of your choice with the help of Used Car Loan Nalagarh.

Dialabank is the bridge between the customers and the car providers.

  • The applicant gets Customized and Personalized help to get the used car of your choice from research to loan processing.
  •  Used Car Loans up to 2.5 crores on a wide range of used cars in your city.
  • The applicant gets the choice of repayment plans as per the convenience.
  •  Flexible loan tenure ranging from 12 months to 84 months.
  • The applicant is provided with Doorstep service is provided with simple documentation.
  • It is the loan with Transparent and hassle-free processing of the loan.
  • The applicant is updated about the loan application at every stage of the loan processing.
  • The applicant can Track the application anytime, anywhere.
  • Checking the CIBIL score is very important.

Used Car Loan Nalagarh Interest Rate 

Details on the  car loan interest rate are given below:

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 0.01 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 Nalagarh Documents Required

Details on the documents required for car loan are mentioned below:

Salaried Individuals:

1.Proof of address and identity:

  • 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 of the applicant

2. Proof of income:

  • Latest Salary Slip of the applicant
  • The Latest Form 16 is obligatory to submit

3. For signature verification:

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

Self-employed Individual

1.Address proof:

  • The Memorandum and articles of association
  • Electricity Bill
  • Telephone Bill
  • Certificate of incorporation of the applicant

2. For address 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 by the applicant

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

4. Memorandum and Articles of Association/Certificate of Incorporation as an identity proof of the applicant.

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

Used Car Loan Nalagarh Eligibility Criteria

Eligibility criteria for car loan , Pre-Owned Car Loan are discussed below:

Salaried Individuals:

  • The applicant must be an employee of the Pvt. Ltd. company, doctor, CA, lawyer, public sector undertaking that includes local, state, or central bodies.
  • The applicant 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.
  • An employment experience of 2 years in any company along with documented proof of 1-year employment in the current company.
  • The income criteria are the individual should earn a minimum of 2,50,000 per annum inclusive of the spouse’s earning is mandatory for Used Car Loan Nalagarh.

Self Employed Individuals:

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

Used Car Loan for Major Car Manufacturers in Nalagarh

TABLE WILL APPEAR

Processing Fees / Prepayment Charges on Used Car Loan Nalagarh

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

Pre Calculated EMI Table for Used Car Loan Nalagarh

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

Used Car Loan EMI Calculator

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