Used Car Loan Ratnagiri

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Used Car Loan Ratnagiri

Used Car Loan Ratnagiriused car loan Ratnagiri

In today’s world, buying a car is a tough task as the prices of buying a car are touching the sky. Not many have the funds in their bank account to buy a used vehicle, let alone a brand new car.

The best possible solution to this problem is availing a Used Car Loan that offers monetary help to those who wish to buy a pre-owned vehicle.

Table of Contents

  1. Best Banks for a Used Car Loan Ratnagiri
  2. Used Car Loan Ratnagiri Features
  3. Used Car Loan Ratnagiri Interest Rates
  4. Documents Required for Used Car Loan Ratnagiri
  5. Eligibility to apply for a Pre-Owned Car Loan Ratnagiri
  6. Used Car Loan for Major Car Manufacturers in Ratnagiri
  7. Used Car Loan Ratnagiri Processing Fee
  8. Used Car Loan Ratnagiri Contact Number

 Best Banks for a Used Car Loan Ratnagiri

Banks/Rates Get The Best Offers
HDFC Bank Apply Now
Axis Bank Apply Now
Canara Bank Apply Now
Kotak Mahindra Bank Apply Now
State Bank Group Apply Now
Private Bank Apply Now
Bank of India Apply Now
Bank of Baroda Apply Now
Feature HDFC Bank Private Bank
Kotak Mahindra Bank
Interest Rate (p.a.) 7.35 % - 7.95 % 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 Ratnagiri Features

Some other amazing used car loan Ratnagiri features include:

  • Loan Amount Avail of loans up to Rs.2.5 crore on a wide range of used cars.
  • Car model should not be older than 5 years from the present time.
  • Flexible Repayment Tenure – From 12 months to 84 months.
  • Hassle-free loans – no post-dated cheques required.
  • Finance up to 92% of the car’s value.
  • Repay your Loan with easy EMIs.
  • Loan approvals within 24 hours.
  • Quick and easy Processing

Used Car Loan Chhindwara

               Used Car Loan Ratnagiri Interest Rates

Banks/Rates New Car Loan Interest Rate Used Car Loan  Interest Rate
HDFC Bank 10.00% – 11.00% 13.99% – 15.50%
Axis Bank 10.25% – 11:25% 14.50% to 16%
Canara Bank 10.75% N.A.
Kotak Mahindra Bank 11.50% – 13.50% 17% – 20%
State Bank Group 10.50% 17.05% to 17.30%
Private Bank 10.50% to 11.75% 16.50% to 18.00%
Bank of India 10.50% to 13.50% 13.50% to 14.50%
Bank of Baroda 12.50% Fixed N.A

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 0.01 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

    Documents Required for Used Car Loan Ratnagiri

     Salaried Individuals  Used Car Loan Ratnagiri

Any of the following documents required for car loan for identity and residence proof:

    • Valid Passport
    • Permanent Driving license
    • Voters ID Card
    • Job card issued by NREGA
    • Letter issued by the National Population Register containing details of name & address

All the following documents as proof of income:

    • Latest Salary Slip
    • Latest Form 16/Latest ITR
    • HDFC Bank corporate salary account statement for salary credits above Rs. 80,000 for the previous 3 months

    Any of the following as sign verification proof:

    • Passport Copy
    • Photo Driving License with DOB
    • Credit Card Statement with Credit Card Copy
    • Banker’s Verification
    • Copy of Margin Money Paid to the Bank

    Self Employed Individuals (Sole Proprietorship):

    Any of the following documents as address proof:

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

    Any of the following as sign verification proof:

    • Passport Copy
    • Photo Driving License with DOB
    • Credit Card Statement with Credit Card Copy
    • Banker’s Verification
    • Copy of Margin Money Paid to the Bank

    used car loan Ratnagiri

Also, the used car loan can be borrowed in the following type of firms as well:

  1. Sole Proprietorship
  2. Partnership Firms
  3. Private Limited Companies
  4. Public Limited Companies

 

  • Eligibility to apply for a Pre-Owned Car Loan Ratnagiri:

    The following points need to be kept in mind while checking the Car loan Eligibility criteria:

    Salaried Individuals:

      • This includes doctors, CAs, employees of private limited companies, employees from public sector undertakings, including central, state and local bodies
      • Individuals who are a minimum of 21 years of age at the time of applying for the loan, and no older than 60 at the end of the loan tenure
      • Individuals who have had a job for at least 2 years, with a minimum of 1 year with the current employer
      • Those who earn a minimum of Rs. 2,50,000 per year, including the income of the spouse

    Self Employed Individuals (Sole Proprietorship):

        • This includes self-employed sole proprietors in the business of manufacturing, trading or services
        • Individuals who are a minimum of 25 years of age at the time of applying for the loan, and no older than 65 at the end of the loan tenure
        • Those who have been in business for a minimum of 3 years
        • Should earn at least Rs. 2,50,000 per annum

 Used Car Loan for Major Car Manufacturers in Ratnagiri

Apply For Loan Online

TABLE WILL APPEAR

Used Car Loan Ratnagiri

Used Car Loan Ratnagiri Processing Fee

Banks Processing Fee
HDFC Bank Rs.1.25 per Rs.1,000 of loan amount to Rs.200 per lakh
Axis Bank Rs.1,000 + GST to Rs.2,500 +GST
Canara Bank Rs.500
Kotak Mahindra Bank Rs.1,000 to Rs.1,500
State Bank Group Rs.1,000 + taxes
Private Bank Rs.3,500 – Rs.15,000
Bank of India Rs.3,000 – Rs.10,000
Bank of Baroda Rs.3,500 – Rs.5,500

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

Used Car Loan Ratnagiri Contact Number:

9910324678

Pre Calculated EMI Table for Car Loan Ratnagiri

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

Car Loan EMI Calculator