Used Car Loan Santacruz

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Buy Your Dream Car

Rates as low as 13.60%*
Up to 100% Funding
Doorstep Service
Hassle-free Disbursal
Unbiased Experts Advice

Best Banks for Used Car Loan in Santacruz

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 Santacruz FeaturesUsed Car Loan Santacruz

Dialabank present before you some of our best offers for Used Car Loan to purchase a second-hand car anywhere in the city!

  • Flexible repayment tenures starting from 12 months and get a car at loan, wherein maturity age shall not exceed 10 years, with a maximum loan tenure of 60 months.
  • Avail a loan up to Rs.2.5 crore on the pre-owned car value along with doorstep service and easy documentation facility.
  • Guarantee of 85% car’s value for 5 years without income proof-verification along with personalized help and advisory by our highly trained experts to choose a car that meets your want to
  • You may also borrow up to 100% of the value of the car to the value of 3-6 times your annual remuneration along with convenient and customized repayment plans available with the easily payable instalments.

*Terms and Conditions Apply

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

Used Car Loan Santacruz Documents Required

For Salaried Individuals:

For Identity and Address Proof:

  • Passport
  • Job card provided by NREGA
  • Driving license
  • Letter dispensed by the National Population Register stating your name & address
  • Voters ID Card

For Income Proof:

  • Freshest Salary Slip
  • Bank Statements for the latest 6 months
  • Latest Form 16/ Latest ITR

For Signature Verification Proof:

  • Driving License
  • Copy of marginal cash paid to Bank
  • Credit Card Statement Copy
  • Verification of the banker
  • Passport Copy

For Self Employed**:

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

Income/ Remuneration proof: Latest Income Tax Return and audited balance sheet with profit & loss account records.

For Sign Verification Proof:

  • Credit Card Statement and its Copy
  • Copy of cash margin paid to the bank.
  • Passport Copy
  • Verification of the Banker
  • Driving License

For Address Proof:

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

**The following firms are also relevant to apply for a Used Car Loan Santacruz:

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

Used Car Loan Santacruz Eligibility Criteria

The below-mentioned people are qualified to apply for a Pre-Owned Car Loan in Santacruz city:

Salaried Individual:

  • Least Earning: A minimum of Rs. 2.5 lakhs per year, including the income of the spouse, are the eligible people to apply for such loan.
  • Minimum Employment Practice: People who have work exposure for a minimum of 2 years and a minimum of 1 year with the present company.
  • Age Limit: People fitting a minimum of 21 years of age when appealing for the loan, and a maximum of 60 years of age at the closure period of the loan.
  • Licensed doctors, CAs, private limited company and public sector undertakings including central, state, and local bodies are the eligible people

Self Employed***:

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

***The following traders are also qualified for a Used Car Loan Santacruz:

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

Used Car Loan for Major Car Manufacturers in Santacruz

TABLE WILL APPEAR

Processing Fees / Prepayment Charges on Used Car Loan Santacruz

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
ucl_processing_fees

Pre Calculated EMI Table for Used Car Loan Santacruz

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 Santacruz

About Santacruz

Santacruz, indicating “Holy Cross”, is a bordering neighbourhood Khar, dwelling in Mumbai, Maharashtra state of India.

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