Used Car Loan Shajapur

 

Best Banks for Used Car Loan in Shajapur

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 Shajapur Features 

Advance Amount used car loan in Shajapur

  • Avail of car loans as quite a bit as Rs.2.5 crore on a wide selection of used automobiles and multi-utility autos
  • Get between 3 to six eventualities your as quickly as the scale of twelve months income, and borrow as a whole bunch as one hundred percent of the worth of the car* *Age of Car at mortgage maturity should on the other hand certainly not go 10 years, subject to extra principal mortgage tenure of 60 months

Unequaled help

  • Take advantage of end-to-end advisory from test to surname transfer
  • Get personalized help to decide a car that meets your explicit needs
  • Avail of personalized and at hand compensation plans with pocket-friendly EMIs

Versatile Repayment Tenure

  • Adaptable repayment residencies from a period of 365 days to 60 months
  • Stunning and key Processing and sponsorship
  • Experience get concern free withdrawing through, complaisant sponsorships, and poignant disbursals
  • Track your software at no matter point, any place. Get affirmations roughly your score software at every stage
  • See doorstep partnership and willing and head documentation
  • Check your enchancment restrict in barely sixty seconds
  • The CIBIL score of the applicant needs to be more than 700.

Loans without income proof

  • Get 80% of the appraisal of the vehicle concerning the movement absolute for a long time without pay affirmation
  • Get 85% of the appraisal of the vehicle concerning the movement complete for a long time without pay affirmation

Used Car Loan Shajapur Interest Rate

Details on the  car loan interest rate are given below: 

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

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Used Car Loan Shajapur Documents Required

Details on the documents required for car loan are mentioned below:

 Salaried Individuals:

Any of the accompanying archives as personality and Address Proof:

  1. Considerable Passport
  2. Enduring Driving grant [recent, understandable, laminate]
  3. Residents ID Card
  4. Occupation card gave by NREGA
  5. The letter gave by the National Population Register containing nuances of name and address

All the accompanying archives as evidence of salary:

  1. Most recent Salary Slip
  2. Most recent Form 16/Latest ITR
  3. Last 6 months bank statement

Any of the accompanying assign confirmation verification:

  1. Distinguishing proof Copy
  2. Photo Driving License with DOB (later, comprehensible, secured)
  3. Money related record with Credit Card Copy
  4. Representative’s Verification
  5. Copy of Margin Money Paid to the Bank

Self-employed Individuals:

  1. Update and Articles of Association/Certificate of Incorporation as age verification
  2. Update and Articles of Association/Certificate of Incorporation as character affirmation
  3. Most recent ITR and investigated money related record near to favorable position and calamity account as a check of pay

Any of the accompanying archives as address evidence:

  1. Notice and Articles of Association
  2. Affirmation of Incorporation
  3. Phone Bill
  4. Power Bill

Any of the accompanying assign confirmation verification:

  1. Visa Copy
  2. Photograph Driving License with DOB (later, clear, covered)
  3. Financial record with Credit Card Copy
  4. Investor’s Verification
  5. Duplicate of Margin Money Paid to the Bank

Used Car Loan Shajapur Eligibility Criteria

Eligibility criteria for car loan are discussed below:

Salaried Individuals:

  1. This circuits specialist, CAs, representatives of private bound affiliations, workers from public region endeavors, including focal, state, and neighborhood bodies
  2. People who are at any rate 21 years old at the hour of applying for the turn of events, and no more settled than 60 near the consummation of the credit residency
  3. People who have had work for in any event 2 years, with at any rate 1 year with the current boss
  4. The individuals who procure in any occasion Rs. 2,50,000 reliably, including the installment of the accomplice

Self Employed Individuals:

  1. This consolidates people who own a private association in the matter of amassing, trading, or advantages
  2. Should obtain at any rate Rs. 2,50,000 for each annum
  3. People who have an office landline

Used Car Loan for Major Car Manufacturers in Shajapur

TABLE WILL APPEAR

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Processing Fees / Prepayment Charges on Used Car Loan Shajapur

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 Shajapur

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 Shajapur

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