Used Car Loan Rajpipla

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Used Car Loan Rajpipla

Best/Top Banks for Used Car Loan in Rajpipla

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 Rajpipla Features

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 yourused car loan rajpipla urge to be the owners of your used car desire. A used car loan in Rajpipla 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
  • The bank provides you with the Doorstep service with simple documentation.
  • Enjoy backdoor system and short and convenient information
  • It is important to check and maintain cibil score.

Used Car Loan Rajpipla Interest Rate

Interest rate for car loan  is mentioned below:

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 Rajpipla Required Documents

Following are the documents required for Used Car Loan

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 Rajpipla Eligibility Criteria

Eligibility criteria for car loan are given below:

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

Major Used Car Manufacturers in Rajpipla

TABLE WILL APPEAR

Processing Fees / Charges on Used Car Loan Rajpipla

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

Required CIBIL Score for Used Car Loan in Rajpipla

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 Rajpipla 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 CIBIL score is great then you’d have to pay a poor real interest rate.

Used Car Loan Rajpipla Contact Number

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

Pre Estimated EMI Table for Used Car Loan Rajpipla

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 Rajpipla

Rajpipla is a city and a municipality in the Narmada district in Gujarat. It was the capital of the former Kingdom of Rajpipla.

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