Used Car Loan Parola

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.

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 Parola

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 Parola FeaturesUsed Car Loan Parola

  • Used Car Loans are easy at low-interest rates
  • Experience preferred pricing
  • Practice easy, hassle-free processing, fast approvals, and fast disbursals
  • Follow your application anytime, anywhere. Get state updates about your loan call at every step
  • Avail of convenient repayment plans with pocket-friendly EMIs
  • Almost all over banks and NBFCs offer Used Car Loans in Parola
  • The documentation method is fast and hassle-free
  • Used Car Loans are easily accessible through DialaBank
  • Get 80% of the value of the car as a loan amount for three years without income proof
  • Get 85% of the value of the vehicle as a loan amount for five years without income proof

Used Car Loan Parola 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 Parola Documents Required

For Salaried:

Identity and residence proof:

  • Valid Passport
  • Voter ID Card
  • Permanent Driving License
  • Job Card
  • Letter issued by the National Population Register

Income proof:

  • Latest Salary Slip
  • Latest Form 16/Latest ITR
  • Bank statement of the last six months

Signature proof:

  • Passport Copy
  • Photo Driving License with DOB
  • Credit card statement with Credit Card Copy
  • Banker’s verification

For Self Employed:

  1. Age proof, the documents necessitated are Memorandum also Articles of Association/Certificate of Association
  2. Identity proof, the reports wanted are Memorandum also Articles of Association/Certificate of Establishment
  3. Income Proof, there is a requirement of the Latest ITR and balance layer with profit and loss assertion
  4. Address Proof Documents: Memorandum including Articles of Association, Telephone Bill, Certificate of Incorporation, Electricity Bill
  5. Sign Verification Proof: Photo Driving Privilege with DOB, Credit Card Statement, Passport Copy,  Banker’s Confirmation

Moreover, the used Used Car Loan can be obtained in the following variety of firms as well:

  • Partnership Firms
  • Sole Proprietorship
  • Public Limited Companies

Used Car Loan Parola Eligibility Criteria

For Salaried:-

  1. Minimum age: smallest age rules is 21 years
  2. Maximum age at loan maturity: highest age rules is 60 years
  3. Minimum employment: 1 year in current profession and two working years of profession
  4. Minimum Annual Income: Rs. 2,50,000 net annual income

For Self-Employed:-

  1. Minimum age: least age of an individual should be 21 years
  2. Maximum age at loan maturity: highest age of the individual at the time of loan maturity can be 60 years
  3. Minimum employment: 3 years
  4. Minimum Annual Income: Rs. 2,50,000 per annum

The following type of firm are also eligible to take a pre-owned Used Car Loan Parola:

  • Sole Proprietorship
  • Partnership Firms
  • Public Limited Companies
  • Hindu Undivided Family

How to Apply for Used Car Loan in Parola?

Availing a Used Car Loan Parola is an easy process with DialaBank. Simply you need to necessitate to follow the succeeding steps to help the most generous offers on loan:

  • Visit our website Dialabank
  • Click on the Used Car Loan option possible in the menu bar
  • Fill in the details about the car type and your salary(yearly)
  • Wait as our meeting organizer will soon get in touch with you on your given number.
  • You may also contact our contact directors on figure 9878981166 in case of any questions concerning the loan.
  • For availing a Used Car Loan in Parola offline, you will have to visit the branch individually, which might be hectic for you.

Used Car Loan for Major Car Manufacturers in Parola

TABLE WILL APPEAR

Processing Fees / Prepayment Charges on Used Car Loan Parola

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 Parola

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 Parola

Parola is a hilly town and a district in West Garo Hills district in Meghalaya’s Indian state. One of Meghalaya’s most significant towns, Parola, is a valley located at the foothills of the Parola Hills and right under the Parola Peak.

Used Car Loan EMI Calculator

Menu