Used Car Loan Palwancha

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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/Top Banks for Used Car Loan in Palwancha

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 Palwancha Features

Used Car Loan PalwanchaRepresenting 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
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 Palwancha Documents Required

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

For Salaried:-

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

For Self-Employed:-

  1. Minimum: 25 years (age)
  2. Maximum: 65 years (age at loan maturity)
  3. Minimum: In revenues for the lowest 3 years (employment)
  4. 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
>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

CIBIL Score Required for Used Car Loan in Palwancha

The Cibil value 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.

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.

Used Car Loan EMI Calculator

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