Used Car Loan Phillaur

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Best/Top Banks for Used Car Loan in Phillaur

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 Phillaur Features

Used Car Loan Phillaur As 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
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

Apply for a Car Loan

Used Car Loan Phillaur Required Documents

An individual must check the documents required for car loan before deciding.

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

An individual must fulfil the Eligibility criteria for car loan to avail of the loan amount.

For Salaried:-

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

For Self-Employed:-

Minimum “age”: 25 years
Minimum “employment”:3 years at the low in profits
Maximum “age at loan maturity”: 65 years
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
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

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

You can calculate your EMI here: Car Loan EMI Calculator

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.