Used Car Loan Rishikesh

Best Banks for Used Car Loan in Rishikesh

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 Rishikesh FeaturesUsed Car Loan Rishikesh

  • Get maximum loan amount of Rs. 2.5 crore
  • Get a 100% loan amount of the value of the car
  • At loan maturity, the car’s age must not be more than 10 years
  • Avail loan amount up to 6 times of your yearly income
  • Provision of personalized assistance
  • Get customized and convenient repayment plans with a reasonable rate
  • Maximum loan tenure is up to 5 years for a pre-owned car
  • Easy and smooth processing
  • Get your pre-owned car approval faster
  • Loan amount disbursed quickly
  • Quick and less documentation
  • Get a loan amount of up to 85% of the car value without salary proof
  • Get benefit from end-to-end advising

Used Car Loan Rishikesh 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

Apply for a Car Loan

Used Car Loan Rishikesh Documents Required

For Salaried:

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

  • Valid Passport
  • Voter ID Card
  • Permanent Driving License
  • Job Card
  • Letter issued by the National Population Register

The following documents for income proof:

  • Latest Salary Slip
  • Latest Form 16/Latest ITR
  • Bank statement of last 6 months

Any of the following document required for signature proof:

  • Passport Copy
  • Photo Driving License with DOB
  • Credit card statement with Credit Card Copy
  • Banker’s verification

For Self Employed:

  1. For age proof, the documents required are Memorandum and Articles of Association/Certificate of Incorporation
  2. For identity proof, the documents required are Memorandum and Articles of Association/Certificate of Incorporation
  3. For Income Proof, there is a requirement of Latest ITR and balance sheet with profit and loss account
  4. Address Proof Documents(Anyone): Memorandum and Articles of Association, Certificate of Incorporation, Telephone Bill, Electricity Bill
  5. For Sign Verification Proof: Passport Copy, Photo Driving License with DOB, Credit Card Statement, Banker’s Verification

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

  • Partnership Firms
  • Sole Proprietorship
  • Public Limited Companies

Used Car Loan Rishikesh Eligibility Criteria

For Salaried:-

  1. Minimum age: 21 years
  2. Maximum age at loan maturity: 60 years
  3. Minimum employment duration: 1 year in current employment and a minimum of 2 years of employment
  4. Minimum Annual Earnings: Rs. 2,50,000 net annual income

For Self-Employed:-

  1. Minimum age: 21 years
  2. Maximum age at loan maturity: 60 years
  3. Minimum employment: 3 years
  4. Minimum Annual Income: Rs, 2,50,000 per annum

The following type of firm are also eligible to take a pre-owned car loan in Rishikesh:

  • Sole Proprietorship
  • Partnership Firms
  • Public Limited Companies
  • Hindu Undivided FamilyTo obtain the loan amount, a person must meet the Eligibility criteria for car loan.

How to Apply for Used Car Loan in Rishikesh?

Availing a Used Car Loan in Rishikesh is an easy and smooth process with Dialabank. Follow the following steps and avail the best offers:

  • Visit our website Dialabank
  • Click on the car loan option accessible in the menu
  • Fill the details about the car type and your earning
  • Wait as our relationship manager will soon get in contact with you on your provided mobile number.
  • You may also call our relationship managers on the number 9878981166 in case of any queries about the used car loan.
  • For getting a car loan offline you have to visit the bank branch personally, which might turn to be hectic for you.

Used Car Loan for Major Car Manufacturers in Rishikesh

TABLE WILL APPEAR

Processing Fees / Prepayment Charges on Used Car Loan in Rishikesh

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 Rishikesh Contact Number

In case of any queries regarding the used car loan Rishikesh, you may contact the number 9878981166 for any sort of assistance.

Pre Calculated EMI Table for Used Car Loan Rishikesh

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 Rishikesh

About Rishikesh

Rishikesh, also kenned as Hrishikesh, is a city administered by Rishikesh Municipal Corporation, and a tehsil in the Dehradun region of the Indian state Uttarakhand. Positioned in the foothills of the Himalayas in northern India, it is identified as the “Gateway to the Garhwal Himalayas” and “Yoga Capital of the World”.

Check CIBIL Score for car loan.

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