Used car Loan Parola

Used Car Loan Parola

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Best Banks for Used Car Loan in Parola

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 Parola Features

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

Check the Car Loan Interest rates for used cars:

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 Parola Documents Required

For Salaried:

Any of the following documents required for car loan for 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:

Age proof, the documents necessitated are Memorandum also Articles of Association/Certificate of Association
Identity proof, the reports wanted are Memorandum also Articles of Association/Certificate of Establishment
Income Proof, there is a requirement of the Latest ITR and balance layer with profit and loss assertion
Address Proof Documents: Memorandum including Articles of Association, Telephone Bill, Certificate of Incorporation, Electricity Bill
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

The following points need to be kept in mind while checking the Car loan Eligibility criteria:

For Salaried:-

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

For Self-Employed:-

Minimum age: least age of an individual should be 21 years
Maximum age at loan maturity: highest age of the individual at the time of loan maturity can be 60 years
Minimum employment: 3 years
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
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

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.