Used Car Loan Ramagundam

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Best Banks for Used Car Loan in Ramagundam

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 Ramagundam Features

Used Car Loan Ramagundam Focusing on buying a car? But don’t they have the funds necessary for it? Never worry! There is a used car loan for you as well. A used car loan is a form of financing or government support given to the borrowers by banks and NBFCs at a reasonable rate to assist them in purchasing a used vehicle.

Because used cars seem to be a must for everybody, but the cost of used cars is increasing rising every day. It is in which a used car loan plays a role and fulfills your ambition to be the buyer of your used car desire. The principal features of a Ramagundam used car loan are:

Adjustable tenures of interest between 12 months and 84 months
Witness clear, trouble-free collection, prompt permissions, and fast expenditures
Monitor your response anywhere, wherever. Get updates at every phase of your loan
Get specific aid in discovering a car that fits your unique needs

Used Car Loan Ramagundam 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

Used Car Loan Ramagundam Documents Required

For Salaried:-

Proof: PAN Card, NREGA job card distributed, Letter obtained from the national Registration of Population containing name & delivery address, Voters ID card, Passport copy, Driving License (Identity)
Proof: Latest 3-month salary slip with form 16 (Income)
Proof: Driving license / Voters card / Passport Copy / NREGA job card distributed / Letter obtained from the national Registration of Population containing name & delivery address /PAN Card (Address)
Statement: Last 6 months. (Bank)

For Self Employed:-

Proof: PAN Card, Voters ID card, Passport copy, NREGA job card distributed, Letter obtained from the national Registration of Population containing name & delivery address, Driving License (Identity)
Proof: Latest ITR with salary slip (Income)
Proof: Voters card / Passport Copy / Driving license / NREGA job card distributed / Letter obtained from the national Registration of Population containing name & delivery address /PAN Card (Address)
Statement: Last 6 months. (Bank)

Used Car Loan Ramagundam Eligibility Criteria

For Salaried:-

Minimum: 21 years (age)
Maximum: 65 years (age at loan maturity)
Minimum: Minimum 2 years, only 1 year with the same employer (employment)
Minimum: Gain at least Rs 2,50,000 per year, Like spousal profits (Annual Income)

For Self-Employed:-

Minimum: 25 years (age)
Maximum: 65 years (age at loan maturity)
Minimum: at roughly 3 years in sales (employment)
Minimum: a minimum of Rs. 2,50,000 per yearly (Annual Income)

How to Apply for Used Car Loan in Ramagundam?

The acquisition of a Ramagundam used car loan is a simple task with DialaBank. Follow the given steps below to get the cheapest deal:

Do visit the website Dialabank
Click on the button for a used car payment in the panel
Finish the details regarding the form of used car and your incomes
Wait for our business owner to get in contact with you about your assigned number soon.
In case of any issues about the loan, you can also email our managers at number 9878981166.
To make use of an external used car loan, you’ll need to visit the bank directly, which would turn out to be intense for you.

Used Car Loan for Major Used Car Manufacturers in Ramagundam

TABLE WILL APPEAR

Processing Fees / Prepayment Charges on Used Car Loan Ramagundam

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

CIBIL Score Required for Used Car Loan in Ramagundam

The borrower’s credit score is considered what describes your ability to make your loans pay off. A higher credit score represents a better credit history which makes the enrollment process for your used car loan seamless which easy to process. Just about all the time, banks and NBFCs consider a credit score of 750 or above as a reasonable score for approving your Ramagundam loan registration form.

This performance will vary from bank to bank, again. You would have been expected to pay a higher interest rate on the loan sum in the situation of a poor CIBIL score than the measured value and if your CIBIL score is great then you will have to pay a weak real interest rate. Therefore a CIBIL score in a used car loan is an important component.

Used Car Loan Ramagundam Contact Number

If you’ve any queries about the used car payment in Ramagundan, you can request any such assist at the number 9878981166.

Pre Calculated EMI Table for Used Car Loan Ramagundam

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 Ramagundam

Ramagundam is established in the Indian state of Telangana. One of the beautiful and elegant destinations that are exceptional for its cultural, language, religious, cuisine, ecosystems, water bodies, and weather diversities. Ramagundam cuisine displays a huge selection and is renowned for many vegetarian, vegan, and non-vegetarian meals made from local herbs, vegetables, and berries.