Used Car Loan Sidhi

Best/Top Banks for Used Car Loan in Sidhi

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 Sidhi Features

Used Car Loan SidhiWhat about buying a used vehicle? But don’t they have the funds needed for it? Make no worries! There is a used car loan for you here. A used car loan is a means of financing or financial assistance given to borrowers at a reasonable rate of interest by banks and NBFCs to help them purchase a used car.

As used cars seem to be a necessity for all, the cost of used cars is rising increasingly on a daily basis. This is where you play a big role with a used car loan and satisfy your wish to be the owner of your dream used car. In Sidhi, the important elements of a used car loan are:

  • Experience straightforward, trouble-free production, immediate approvals, and fast disbursements
  • Track your submission anywhere, anywhere. Get statuses at every phase of your loan application
  • End-to-end consultancy gain — from study to quitclaim deed
  • Get custom aid in picking a car that suits your unique needs

Used Car Loan Sidhi Interest Rate

Check the Car Loan Interest rates for used cars:

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 Sidhi Documents Required

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

For Salaried:-

  • Identity Proof: PAN Card, Voters ID card, Passport copy, Driving License, NREGA ‘s Work Card Released, Message provided by the National Registry of Populations containing the name and address data
  • Income Proof: Latest 3-month salary slip with form 16
  • Address Proof: Driving license / Voters card / Passport Copy /PAN Card / NREGA ‘s Work Card Released / Message provided by the National Registry of Populations containing the name and address data
  • Bank Statement: Last 6 months.

For Self Employed:-

  • Identity Proof: PAN Card, Voters ID card, Passport copy, Driving License, NREGA ‘s Work Card Released, Message provided by the National Registry of Populations containing the name and address data
  • Income Proof: Latest ITR with a slip of wages
  • Address Proof: Voters card / Passport Copy / Driving license /PAN Card / NREGA ‘s Work Card Released / Message provided by the National Registry of Populations containing the name and address data
  • Bank Statement: Last 6 months.

Used Car Loan Sidhi Eligibility Criteria

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

For Salaried:-

  1. Maximum age at loan maturity: 65 years
  2. Minimum employment: 1 year in current employment and a minimum of 2 years of employment
  3. Minimum Annual Income: Rs 2,50,000 as net profit along with the spousal earning
  4. Minimum age: 21 years

For Self-Employed:-

  1. Minimum age: 25 years
  2. Minimum Annual Income: Rs 2,50,000 of net profit as a minimum
  3. Maximum age at loan maturity: 65 years
  4. Minimum employment: at smallest 3 years in sales

How to Apply for Used Car Loan in Sidhi?

In DialaBank, getting a used car loan is an easy process for Sidhi. Follow the directions below to get the best deals:

  • Visit Dialabank on our website
  • On the menu, click on the used car loan option available.
  • Fill in the specifics of the model of car used and your wages.
  • Wait as you will soon be contacted by our relationship manager on your assigned phone.
  • In the event of any questions about the loan, you can also contact our relationship managers on 9878981166.
  • To make use of an offline used car loan you’ll need to visit the branch directly, which could turn out to be hectic for you.

Used Car Loan for Major Used Car Manufacturers in Sidhi

TABLE WILL APPEAR

Processing Fees / Prepayment Charges on Used Car Loan Sidhi

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

CIBIL Score Required for Used Car Loan in Sidhi

The Cibil performance is called what dictates your ability to make your credits pay off. Higher payment history means a strong credit score which makes the application process for your used car finance seamless which easy to process. Often, a monthly payment of 750 and above is deemed by banks and NBFCs as a reasonable score to sanction your loan application process in Sidhi.

This score could vary from institution to bank again. You would be expected to pay a higher interest rate on the loan sum in case of a poor CIBIL score than for the required value since if your CIBIL score is great and you’ll have to pay a poor rate of interest. A CIBIL score is also an important aspect for a used car loan.

Used Car Loan Sidhi Contact Number

You can call 9878981166 for any kind of support in the event of any information regarding the used car loan in Sidhi.

Pre Calculated EMI Table for Used Car Loan Sidhi

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

About Sidhi

It has an average altitude of 272 meters (892 feet) and includes 10,536 km2 of geographic land. It is a state from Khajuraho which comes from Chandela Rajputs. They actually live in the state of Bardi and then separate again into a few areas in Sidhi.

Used Car Loan EMI Calculator

Apply for a Car Loan

Used Car Loan Palladam Used Car Loan Pandhurna
Used Car Loan Panna Used Car Loan Puttur
Used Car Loan Ranchi Used Car Loan Ramanagaram
Used Car Loan Rau Used Car Loan Sagar