Used Car Loan Nokha

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Buy Your Dream Car

Rates as low as 13.60%*
Up to 100% Funding
Doorstep Service
Hassle-free Disbursal
Unbiased Experts Advice

Best Banks for Used Car Loan in Nokha

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 Nokha FeaturesUsed Car Loan Nokha

A Used Car Loan Nokha can be a heads up for the loan seekers due to below-mentioned features!

  • Flexible and easy repayment policies and tenures starting from 12 months to ease the burden whereas you can feel free to avail a loan up to Rs.2.5 crore on the car’s value.
  • Get 85% of the value of the car as a loan amount for 5 years without pay proof-verification with a car at loan maturity age should not be more than 10 years, and loan tenure of maximum 60 months.
  • Enjoy doorstep service and easy documentation for our customers and get personalized help and advisory by our highly trained experts to choose a car that meets your wants.
  • Comfortable and customized repayment schemes available with the easily payable parts as you can sense the freedom to acquire up to 100% of the cost of the car to the value of 3-6 times your annual pay.

*Terms and Conditions Apply

Dialabank is there to serve all the loan seekers in Nokha.

Used Car Loan Nokha Interest Rates

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

Used Car Loan Nokha Documents Required

For Salaried Individuals:

For Identity and Address Proof:

  • Passport
  • Driving license
  • Letter allotted by the National Population Register stating name & address
  • Voters ID Card
  • Job card granted by NREGA

For Income Proof:

  • Newest Salary Slip
  • Bank Statements for the last 6 months
  • Latest Form 16/ Latest ITR

For Signature Verification Proof:

  • Driving License
  • Credit Card Statement Copy
  • Verification of the banker
  • Margin Money Paid to Bank Copy
  • Passport Copy

For Self Employed**:

Earning verification proof: Latest ITR and audited balance sheet with profit & loss account.

Identity and age proof: Memorandum and Articles of Association/ Certificate of Incorporation.

For Sign Verification Proof:

  • Credit Card Statement Copy
  • Copy of margin cash paid to Bank.
  • Passport Copy
  • Verification of the Banker
  • Driving License

For Address Proof:

  • Telephone Bill
  • Electricity Bill
  • Certification of Incorporation

**The following organisations are relevant to apply for a Used Car Loan Nokha:

  • Sole Proprietorship
  • Partnership Firms
  • Private Limited Companies
  • Public Limited Companies

Used Car Loan Nokha Eligibility Criteria

The following candidates are eligible to apply for a Pre-Owned Car Loan in Nokha:

Salaried Individual:

  • Least Working Expertise: A minimum of 2 years and a minimum of 1 year with the current employer must be the job experience of the candidate.
  • Minimum Earning: A minimum earning of Rs. 2.5 lakhs per year, the income of the spouse can be considered as included with the candidate’s income.
  • Professionals such as doctors, CAs, private and public company employees are eligible to apply for the used car loan.
  • Age Limit: A minimum age of 21 years when asking for a loan and maximum age of 60 years at the end of the loan maturity term.

Self Employed***:

  • People who own a private company in the business of production, trading, or service units.
  • Rs. 2.5 lakh per year should be a minimum remuneration.
  • Individuals who have an office landline number.

***The following associations are also qualified for a Used Car Loan Nokha:

  • Individual Proprietorship
  • Partnership Firms
  • Public Limited Corporations
  • Private Limited Corporations

Used Car Loan for Major Car Manufacturers in Nokha

TABLE WILL APPEAR

Processing Fees / Prepayment Charges on Used Car Loan Nokha

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

Pre Calculated EMI Table for Used Car Loan Nokha

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 Nokha

About Nokha

Nokha is located in the Bikaner district of Rajasthan state of India. The place has small- and medium-scale manufacturing industries, including guar, gum, groundnut, oil, cement, cotton, refined oil and a lot more of them.

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