Used Car Loans in Srinagar
Used Car Loan is the way to go! In today’s world, buying a car is a tough task as the prices of buying a car are touching the sky. Not many have the funds in their bank account to buy a used vehicle, let alone a brand new car.
The best possible solution to this problem is availing a Used Car Loan that offers monetary help to those who wish to buy a pre-owned vehicle.
Best Banks for a Used Car Loan in Srinagar
- HDFC Bank
- Axis Bank
- Corporation Bank
- Canara Bank
Used Car Loan Srinagar Features
- Loan Amount Avail of loans up to Rs.2.5 crore on a wide range of used cars and multi-utility vehicles.
- Flexible Repayment Tenure – Flexible repayment tenures from 12 months to 84 months.
- Car model should not be older than 5 years from the present time
- Flexible repayment options, which range from 12 to 60 months
- Hassle free loans – no post dated cheques required
- Finance up to 92% of the car’s value
- Choose any car available in India
- Repay your Loan with easy EMIs
- Easy and simple documentation.
- Loan approvals within 24 hours.
- Quick and easy Processing
- Attractive interest rates.
- Unmatched Service
- Buying assistance
Used Car Loan Srinagar Interest Rates
| Banks/Rates | New Car Loan Interest Rate (Reducing) | Used Car Loan Interest Rate (Reducing) | Processing Fee | Get The Best Offers |
| HDFC Bank | 10.00% – 11.00% | 13.99% – 15.50% | Rs. 999 to Rs. 4300 | Apply Now |
| Axis Bank | 10.25% – 11:25% | 14.50% to 16% | Rs. 3500 to Rs. 5500 | Apply Now |
| Bank of Baroda | 10.75% | N.A. | 0.75% Up to 15 Lac | Apply Now |
| Kotak Mahindra Bank | 11.50% – 13.50% | 17% – 20% | Rs.3300 to Rs.4750 | Apply Now |
| Punjab National Bank | 10.75% to 11% | NA | 0.5% to 1.5% | Apply Now |
| State Bank Group | 10.50% | 17.05% to 17.30% | 0.50% | Apply Now |
| Private Bank | 10.50% to 11.75% | 16.50% to 18.00% | Rs.2500 to Rs.5000 | Apply Now |
| Bank of India | 10.50% to 13.50% | 13.50% to 14.50% | 0.50% to Rs.25000 | Apply Now |
| Canara Bank | 12.50% Fixed | N.A | 0.10% of Loan Amount | Apply Now |
| Corporation Bank | 13.75% | N.A | 0.50% | Apply Now |
To check Car Loan Interest Rate for all major banks you can visit: Car Loan Interest Rates
Documents Required for Used Car Loan Srinagar
Documents required for car loan are as followed:
Salaried Individuals
Any of the following documents as identity or address proof:
-
- Valid Passport
- Permanent Driving license
- Voters ID Card
- Job card issued by NREGA
- Letter issued by the National Population Register containing details of name & address
All the following documents as proof of income:
-
- Latest Salary Slip
- Latest Form 16/Latest ITR
- HDFC Bank corporate salary account statement for salary credits above Rs. 80,000 for the previous 3 months
Salaried Individuals:
- This includes doctors, CAs, employees of private limited companies, employees from public sector undertakings, including central, state and local bodies.
- Individuals who are a minimum of 21 years of age at the time of applying for the loan, and no older than 60 at the end of the loan tenure.
- Individuals who have had a job for at least 2 years, with a minimum of 1 year with the current employer.
- Those who earn a minimum of Rs. 2,50,000 per year, including the income of the spouse.
Self Employed Individuals (Sole Proprietorship):
- This includes self-employed sole proprietors in the business of manufacturing, trading or services.
- Individuals who are a minimum of 25 years of age at the time of applying for the loan, and no older than 65 at the end of the loan tenure.
- Those who have been in business for a minimum of 3 years.
- Should earn at least Rs. 2,50,000 per annum.
Used Car Loan Samba Used Car Loan Satna Used Car Loan Sendhwa Used Car Loan Shahbad Used Car Loan Shajapur Used Car Loan Shimla Used Car Loan Shrigonda Used Car Loan Sidhi
