Used Car Loan Phillaur

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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 Phillaur

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 Phillaur Features

Used Car Loan PhillaurAs for buying a used vehicle? But then don’t you have the money necessary for it? Make no fears! There is a used car loan for you somewhere. A used car loan is a source of finance or state aid given to borrowers at an attractive rate of interest by banks and other financial institutions to help them finance a used car.

As it is used cars have been a staple for all, the cost of used cars is growing exponentially on a constant basis. It is like this where a car loan plays a part and fulfills your urge to be the owners of your used car desire. A used car loan in Phillaur has the above main traits:

  • Extended payment terms from between 12 months and 84 months
  • Undergo clear, trouble-free registration, prompt permits, and fast overpayments
  • Tracking your software anywhere, wherever. Get statuses at every phase of your loan
  • Enjoy backdoor system and short and convenient information

Used Car Loan Phillaur 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 Phillaur Required Documents

For Salaried:-

  • “Identity” Proof: PAN Card, Voters ID card, Passport copy, Driving License, NREGA ‘s labor Card Published, Mail obtained from the National Registry of Populations providing contact details specifics
  • “Income” Proof: Recent 3-month pay slide on form 16
  • “Address” Proof: Driving license / Voters card / Passport Copy /PAN Card / NREGA ‘s labor Card Published / Mail obtained from the National Registry of Populations providing contact details specifics
  • “Bank” Statement: Last 6 months.

For Self Employed:-

  • “Income” Proof: Latest ITR with a slip of salary
  • “Identity” Proof: PAN Card, Voters ID card, Passport copy, Driving License, NREGA ‘s labor Card Published, Mail obtained from the National Registry of Populations providing contact details specifics
  • “Address” Proof: Voters card / Passport Copy / NREGA ‘s labor Card Published / Mail obtained from the National Registry of Populations providing contact details specifics / Driving license /PAN Card
  • “Bank” Statement: Fresh for 6 months.

Used Car Loan Phillaur Eligibility Criteria

For Salaried:-

  1. Minimum “Annual Income”: Gross Rs. 2,50,000 per annual basis, plus spousal benefit
  2. Minimum “age”: 21 years
  3. Maximum “age at loan maturity”: 60 years
  4. Minimum “employment”:1-year present job and 2 years of the job total

For Self-Employed:-

  1. Minimum “age”: 25 years
  2. Minimum “employment”:3 years at the low in profits
  3. Maximum “age at loan maturity”: 65 years
  4. Minimum “Annual Income”: Who either receive a sum of Rs. 2,50,000 on annual basis

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

Hosting a used car loan with DialaBank Phillaur is a cheap fix. Follow the procedure below to really get the lowest prices:

  • Contact Dialabank on our page
  • Upon this menu, click for a used car loan possible option.
  • Drop in the description of the model car used and your earnings.
  • Stay as you will quickly be informed by our project coordinator on your assigned phone.
  • In the events of any concerns about the loan, you can also email our middle managers on 9878981166.
  • To enable the use of a digital used car loan you’ll need to visit the library yourself, which may turn out to be exhausting for you.

Major Used Car Manufacturers in Phillaur

TABLE WILL APPEAR

Processing Fees / Charges on Used Car Loan Phillaur

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

Required CIBIL Score for Used Car Loan in Phillaur

The Cibil performance is considered what dictates your abilities to create your credits pays off. A high credit report represents a better credit file which makes the screening process for your used car loan easy which easy to maintain. Most of the time, banks and foreign banks regard a payment history of 750 and above as a great score for supporting your Phillaur loan online application.

This scoring could vary from bank to bank again. You might be obligated to pay high – interest rates on the loan volume in case of a lower CIBIL score than for the desired value but if your Fico score is great then you’d have to pay a poor real interest rate.

Used Car Loan Phillaur Contact Number

You may email 9878981166 for any such assistance in case of any questions or concerns regarding any used car loan in Phillaur.

Pre Estimated EMI Table for Used Car Loan Phillaur

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

Introduction to Phillaur

It is situated on the main of the Satluj River, the southern portion of the Punjab region’s river Indus. The timber cut was tossed into the Satluj River in high Shivalik area parts and then harvested for further transport at Phillaur. To this day, the original rail line persists, but it is not operational.

Used Car Loan EMI Calculator

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