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|
Documents Required for Used Car Loan Srinagar
Documents required for car loan are as followed:
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
- 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.
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