Used Car Loan Palampur

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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 Palampur

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 Palampur FeaturesUsed Car loan Palampur

A Used Car Loan Palampur might be a way out to buy the best car falling within your budget and is a financial aid offered by various banks and NBFCs.

The features of Used Car Loan Palampur are as follows:

  • Personalized help by our high expertise representatives to choose a car to satisfy your wants.
  • Car at loan maturity age shall not exceed ten years, with a maximum loan tenure of sixty months.
  • Easy repayment tenures starting from twelve months to ease your burden.

Dialabank present before you some of our best offers to purchase a used car in Palampur!

*Terms and Conditions Apply

Used Car Loan Palampur 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 Palampur Documents Required

For Salaried Individuals:

For Income Proof:

  • Latest Salary Slip
  • Bank Statements for the last 6 months
  • Latest Form 16/ Latest Income Tax Return records

For Identity and Address Proof:

  • Valid Passport
  • Permanent Driving license
  • Letter issued by the National Population Register mentioning name & address
  • Voters Identification Card
  • Job card provided by NREGA

For Signature Proof:

  • Driving License
  • Credit Card Statement and its Copy
  • Banker’s Verification
  • Copy of Margin Money Paid to Bank
  • Passport Copy

For Self Employed**:

Identification proof: Memorandum and Articles of Association/ Certificate of Incorporation.

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

Age proof: Certificate of Incorporation/ Memorandum & Articles of Association.

For Sign Verification Proof:

  • Credit Card Statement and its Copy
  • Copy of Margin Money Paid to the Bank.
  • Passport Copy
  • Banker’s Verification
  • Driving License copy

For Address Proof:

  • Telephone Bill
  • Electricity Bill
  • Memorandum and Articles of Association
  • Certification of Incorporation

**The below-mentioned firms are also applicable for a Used Car Loan Palampur:

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

Used Car Loan Palampur Eligibility Criteria

The people who are eligible to apply for a Pre-Owned Car Loan in Palampur are:

Salaried Individual:

  • Minimum Remuneration: A minimum of Rs. 2,50,000 per year including the income of the spouse can be considered as eligible for a used car loan.
  • Professional practitioners Doctors, CAs, Private Limited Company and Public Sector Undertaking employees including central, state, and local bodies, such candidates are eligible.
  • Minimum Experience: A job experience for a minimum of 2 years and a minimum of 1 year with the current employer, such candidates are eligible.
  • Age Limit: A minimum of 21 years of age when applying for the loan, and a maximum of 60 years of age at the end of the loan maturity period, such candidates are eligible.

Self Employed***:

  • Rs. 2,50,000 per year should be a minimum remuneration.
  • Individuals owning a Private Limited Company serving the manufacturing, trading, or service sectors.
  • Individuals who have provided an office landline number.

***The companies which are also eligible for a Used Car Loan Palampur:

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

Used Car Loan for Major Car Manufacturers in Palampur

TABLE WILL APPEAR

Processing Fees / Prepayment Charges on Used Car Loan Palampur

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

Apply for a Car Loan

Pre Calculated EMI Table for Used Car Loan Palampur

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 Palampur

About Palampur

Palampur is a hill station and a municipal council in the Kangra Valley in the Indian state of Himachal Pradesh, surrounded by pine forests and flanked by the Dhauladhar ranges. The combination of greenery and water gives the place a distinctive look, with numerous streams flowing from the mountains to the plains.

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