Used Car Loan Palwancha

I have read the Privacy Policy & Agree to Terms & Conditions and authorize Dialabank & its partner institutions to Call or SMS me with reference to my application.

Best/Top Banks for Used Car Loan in Palwancha

Feature	HDFC Bank	Private 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 Palwancha Features

Used Car Loan Palwancha Representing on buying a used car? But don’t they now have funds needed for it? Make no fears! There’s a used car loan here for rent. A used car loan is a means of financing or government aid given to the borrowers by banks and NBFCs at a good rate to help them purchase a used car.

Since used cars seem to be a necessity for everybody, the cost of used cars is rising exponentially every day. This is where a used car loan comes into the picture and satisfies you just want to be the owner of the used car of your dream. In Palwancha, the main elements of a used car loan are:

Transparent, hassle-free processing experience, quick approvals, and rapid disbursements
Track your submission anywhere, whenever. Get status updates at any point on your loan application
Enjoy doorstep operation and fast and clear documentation
Get custom aid in finding a car that suits your unique needs

Used Car Loan Palwancha 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
Private 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 Palwancha Documents Required

documents required for a car loan are mentioned here-under:

For Salaried:-

Identity Proof: PAN Card, Voters ID card, Passport copy, Driving License, NREGA certificate released, Letter obtained from the National Registry of Populations featuring home address information
Address Proof: NREGA certificate released / Letter obtained from the National Registry of Populations featuring home address information / Driving license / Voters card / Passport Copy /PAN Card
Income Proof: Current 3-month salary slip with 16 forms of ITR
Bank Statement: 6 months.

For Self Employed:-

Identity Proof: PAN Card, Voters ID card, Passport copy, Driving License, NREGA certificate released, Letter obtained from the National Registry of Populations featuring home address information
Address Proof: Voters card / Passport Copy / NREGA certificate released / Letter obtained from the National Registry of Populations featuring home address information / Driving license /PAN Card
Bank Statement: Last 6 months.
Income Proof: Latest ITR with a slip of income

Used Car Loan Palwancha Eligibility Criteria

eligibility criteria for a car loan are the completion of the following conditions:

For Salaried:-

Minimum: 21 years (age)
Maximum: 60 years (age at loan maturity)
Minimum: 1 year in the existing positions and a similar proportion of years at work (employment)
Minimum: Rs. 2,50,000 a year, along with the spouse’s profits (Annual Income)

For Self-Employed:-

Minimum: 25 years (age)
Maximum: 65 years (age at loan maturity)
Minimum: In revenues for the lowest 3 years (employment)
Minimum: Standard rate of Rs. 2,50,000 per annum (Annual Income)

How to Apply/Register for Used Car Loan in Palwancha?

With DialaBank, obtaining a used car loan is a straightforward process for Palwancha. Follow the procedure below to get the best prices:

Meet our Dialabank website
Click the button for used car payment accessible from the menus
Fill in the specifics of the model car used and your wages.
Wait for our financial advisor to get in contact with you on your assigned number soon.
In the event of any concerns about the loan, you can also contact our managers on 9878981166.
To make use of an indirectly used car loan you’ll need to visit the bank directly, which could turn out to be exhausting for you.

Major Used Car Manufacturers in Palwancha

TABLE WILL APPEAR

Processing / Prepayment Charges on Used Car Loan Palwancha

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
Prepayment Charges	>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 Palwancha

The CIBIL score is known as what dictates your ability to pay off your loans. A higher credit score creates a positive credit history and makes the hiring process for your used car loan fast and easy to process. Often, a credit score of 750 and above is considered by banks and NBFCs as a strong score to approve your loan approval in Palwancha.

This performance will vary from bank to bank, again. You might be expected to pay a higher interest rate on the loan sum in case of a lower CIBIL score than the rated value whereas if your CIBIL score is great then you will have to pay a poor rate of return. A CIBIL score is also an important factor to consider for a used car loan.

A good CIBIL score provides an opportunity to negotiate and reduce the car loan interest rate to a certain extent.

Used Car Loan Palwancha Contact Number

You can call 9878981166 for any kind of support in the event of any queries regarding used car loan in Palwancha.

Pre Calculated EMI Table for Used Car Loan Palwancha

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 Palwancha

Kothagudem Thermal Power Station (KTPS) is in the Palwancha zone. With much fervor, festivals are held and people used to go to temples on these days to offer religious rituals. Palwancha Town is also renowned for its durability.