Used Car Loan Talwara

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Best Banks For Used Car Loan In Talwara

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 Talwara Features

If you’re thinking about buying a used car or pre-owned car? But want a car loan? Here you can find all the details required for getting a car loan on a used car. Here you will find car loans on a wide range of cars at an affordable rate of interest. Check all the details below and apply for a loan as it is a very simple and quick process.used car loan Talwara 

The main feature of car loan in Talwara are:

  • Avail of car loans on at a low rate of interest.
  • Almost all major banks provide car loans in Talwara.
  • Customized and convenient repayments are available.
  • You can track your application anywhere, anytime.
  • Up to 85% of the value of the car as a loan amount for 5 years and that too without any income proof.
  • Car loans are easily available through Dialabank.

Used Car Loan Talwara Interest Rates

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 Personal Loan Interest Rate for all major banks you can visit: Car Loan Interest Rates

Used Car Loan Talwara Documents Required

For Salaried Individual:

Any of the following documents as identity & Address Proof:

  • Valid Passport
  • Permanent Driving license [recent, legible, laminate]
  • Letter issued by the National Population Register containing details of name & address
  • Voters ID Card
  • Job card issued by NREGA

All the following documents as proof of income:

  • Latest Salary Slip
  • Latest Form 16/Latest ITR
  • Last 6 months bank statements

Any of the following for sign verification proof:

  • Credit Card Statement with Credit Card Copy
  • Banker’s Verification
  • Passport Copy
  • Photo Driving License with DOB (recent, legible, laminated)
  • Copy of Margin Money Paid to the Bank

For Self Employed:

  • For Age proof: Memorandum and Articles of Association/Certificate of Incorporation.
  • For Identity proof: Memorandum and Articles of Association/Certificate of Incorporation.
  • For Income proof: Latest ITR and audited balance sheet along with profit & loss account.
  • Any of the above documents as address proof: Telephone Bill, Memorandum and Articles of Association, Certification of Incorporation, Electricity Bill
  • Any of the above documents for sign verification proof: Passport Copy, Credit Card Statement with Credit Card Copy, Banker’s Verification, Photo Driving License with DOB (recent, legible, laminated), Copy of Margin Money Paid to the Bank.
  • The following type of companies can also apply for a Used Car Loan:
  1. Sole Proprietorship
  2. Partnership Firms
  3. Private Limited Companies
  4. Public Limited Companies

Used Car Loan Talwara Eligibility Criteria

The following people are eligible to apply for a Pre-Owned Car Loan:

Salaried Individual:

  • The applicant must be: Who is a doctor, CAs, private limited company employee, employees from public sector undertakings including central, state, and local bodies.
  • Minimum age:- 21 years
  • Maximum age:- 60 years
  • Minimum Work Experience:- Individuals who at least have had a job for 2 years, with a minimum of 1 year with the present employer.
  • Minimum Earning:-Rs. 2,50,000 per year., The income of the spouse can be considered as one with the applicant’s income.

Self Employed:

  • This includes individuals who own a private company in the business of manufacturing, trading, or services
  • Rs. 2,50,000 per annum should be a minimum earning.
  • Individuals who have an office landline.
  • The following type of companies are also eligible for a Used Car Loan :
  1. Sole Proprietorship
  2. Partnership Firms
  3. Private Limited Companies
  4. Public Limited Companies

Used Car Loan For Major Car Manufacturers In Talwara

TABLE WILL APPEAR

Processing Fees / Prepayment Charges On Used Car Loan In Talwara

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
ucl_processing_fees

Pre Calculated EMI Table For Used Car Loan Talwara

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

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