Used Car Loan Sihor

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Rates as low as 11.99%*
Up to 100% Funding
Doorstep Service
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Used Car Loan Sihor

Best Banks for Used Car Loan in Sihor

Feature
HDFC Bank
Private 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 Sihor FeaturesUsed Car Loan Sihor

  • Get personalized guidance to take a car that fits your specific requirements
  • Experience doorstep service and fast and simple documentation
  • Follow simple hassle-free processing, quick approvals, and fast disbursals
  • Track your application anytime, anywhere. Get rank updates about your loan request at every stage
  • Bonus from end-to-end advisory- from analysis to the title change
  • Almost all central banks and NBFCs offer Used Car Loans in Sihor
  • The documentation process is quick and hassle-free
  • Used Car Loan is readily accessible for DialaBank
  • Get 80% of the value of the car as a loan amount for three years without income proof
  • Get 85% of the value of the vehicle as a loan amount for five years without income proof

Used Car Loan Sihor Interest Rate

Used Car Loan Sihor Documents Required

For Salaried:

Identity and residence proof:

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

Income proof:

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

Signature proof:

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

For Self Employed:

  1. Age proof, the records needed are Memorandum also Articles of Association/Certificate of Incorporation
  2. Identity proof, the documents required are Memorandum including Articles of Association/Certificate of Business
  3. Income Proof, there is a condition of the Latest ITR and balance sheet with profit and loss statement
  4. Address Proof Documents: Memorandum and Articles of Association, Certificate of Incorporation, Telephone Bill, Electricity Bill
  5. Sign Verification Test: Passport Copy, Photo Driving Permit amidst DOB, Credit Card Statement, Banker’s Acceptance

Also, the Used Car Loan can be used in the next type of firms as well:

  • Partnership Firms
  • Sole Proprietorship
  • Public Limited Companies

Used Car Loan Sihor Eligibility Criteria

For Salaried:-

  1. Minimum age: least age rule is 21 years
  2. Maximum age at loan maturity: highest age guidelines are 60 years
  3. Minimum employment: 1 year in modern employment and two working years of profession
  4. Minimum Annual Income: 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 Used Car Loan Sihor:

  • Sole Proprietorship
  • Partnership Firms
  • Public Limited Companies
  • Hindu Undivided Family

How to Apply for Used Car Loan in Sihor?

Availing a Used Car Loan Sihor is an easy process with DialaBank. You require to understand the subsequent steps to help the best suggestions on loan:

  • Visit our website Dialabank
  • Bang on the Used Car Loan choosing available in the menu bar
  • Fill in the details regarding the car type and your income (yearly)
  • Wait as our connection manager will soon get in touch with you on your provided figure.
  • You may also reach our communication directors on the number 9878981166 in case of any questions concerning the loan.
  • For availing a Used Car Loan in Sihor offline, you will have to attend the branch individually, which might turn to be excited for you.

Used Car Loan for Major Car Manufacturers in Sihor

TABLE WILL APPEAR

Processing Fees / Prepayment Charges on Used Car Loan Sihor

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 Sihor

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 Sihor

Sihor is a city, a town in the Bhavnagar area in the Indian state of Gujarat. Located along the river Gautami, this erstwhile city of the Gohil Rajputs, surrounded by hills, is located about 20 km from Bhavnagar.

Used Car Loan EMI Calculator

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