Used Car Loan Ramanagaram

Best Banks for Used Car Loan in Ramanagaram

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 Ramanagaram FeaturesUsed Car Loan Ramanagaram

A Used Car Loan Ramanagaram has various features as stated below by Dialabank which you can enjoy the advantage of:

  • Starting from 12 months, we have flexible repayment schemes
  • Highest loan period of 60 months given that the car at loan closure time should be at most 10 years.
  • Our much-trained specialists to assist you to choose a car that catchup to your needs for personal advisory.
  • Loan up to Rs.2.5 crore on the value of the car can be availed by you.
  • Arrange a loan amount for 5 years without income proof-verification up to 85% of the rate of the car.
  • Easygoing paperwork for our clients who can now experience the benefit of doorstep assistance.
  • You may also acquire up to 3-6 times your yearly pay which intends 100% of the value of the car.
  • The simply payable instalments are available with comfortable-on-pocket repayment methods.

*Terms and Conditions Apply

Used Car Loan Ramanagaram Interest Rates

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 Car Loan Interest Rate for all major banks you can visit: Car Loan Interest Rates

Used Car Loan Ramanagaram Documents Required

For Salaried Individuals:

For Identity and Address Proof:

  • Passport copy
  • Driving license
  • A letter allotted by the National Population Register mentioning the applicant’s name and address
  • Voters Identity Card
  • Job card provided by NREGA

For Income Proof:

  • Latest Salary Slip to be provided
  • Bank Statements for the last six months
  • Latest Form 16/ Latest Income Tax Return records

For Signature Verification Proof:

  • Driving License Copy
  • Credit Card Statement and its Copy
  • Banker’s Verification to be provided
  • Copy of Margin Money Paid to Bank
  • Passport Copy to be provided

For Self Employed**:

Income proof: Latest ITR and audited balance sheet with profit and loss account.

Age and identity proof: Certificate of Incorporation/ Memorandum and Articles of Association.

For Sign Verification Proof:

  • Credit Card Statement and its Copy
  • Copy of Margin Money Paid to Bank.
  • Passport Copy
  • Verification by the banker
  • Driving License

For Address Proof:

  • Telephone Bill
  • Electricity Bill
  • Memorandum and Articles of Association
  • Certification of Incorporation

**The below-mentioned companies are also applicable for a Used Car Loan Ramanagaram:

  • Sole Proprietorship
  • Partnership Firms
  • Private Limited Companies
  • Public Limited Companies

Used Car Loan Ramanagaram Eligibility Criteria

The below-mentioned people are eligible to apply for a Pre-Owned Car Loan in Ramanagaram:

Salaried Individual:

  • Minimum Experience of work: A job experience for a minimum of 2 years and a minimum of 1 year with the current employer is required.
  • Minimum Earning Capacity: Earning capacity of a minimum of Rs. 2.5 lakhs annually, the income of the spouse can be considered as included with the candidate’s income, is required.
  • Age Limit: The age of 21 years when appealing for the loan and a maximum of 60 years of age at the end of the loan maturity period is required.
  • Professional practitioners such as CAs, doctors, private and public company employee is required.

Self Employed***:

  • People who own a private company in the business of manufacturing, trading, or service enterprises.
  • Rs. 2.5 lakhs per year should be your minimum payment received.
  • Individuals who have an office landline number.

***The below-mentioned companies are also eligible for a Used Car Loan Ramanagaram:

  • Sole Proprietorship
  • Partnership Firms
  • Public Limited Companies
  • Private Limited Companies

Used Car Loan for Major Car Manufacturers in Ramanagaram

TABLE WILL APPEAR

Processing Fees / Prepayment Charges on Used Car Loan Ramanagaram

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

Pre Calculated EMI Table for Used Car Loan Ramanagaram

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

Used Car Loan EMI Calculator Ramanagaram

About Ramanagaram

Ramanagaram is “The Silk City of South India” and a famous tourist hub located in the Karnataka state of India.

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