Used Car Loan Thiruvananthapuram

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Buy your dream Car

Rates as low as 7.35%*
Up to 100% Funding
Doorstep Service
Hassle-free Disbursal
Unbiased Experts Advice

Best Banks For Used Car Loan In Thiruvananthapuram

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 Thiruvananthapuram Features

What if you can also get a used car?

Now it is possible through used car loan!

You can simply opt for a used car loan Thiruvananthapuram at low-interestUsed Car Loan Thiruvananthapuram by availing of custom and convenient repayment plans with easy pay EMIs.

One can avail of up to Rs.2.5 crore of loan amount by getting approximately 3 to 6 times your annual income as well as can borrow up to 100% of the value of the car*

Some other amazing used car loan Thiruvananthapuram features include:

  • Hassle and complex free process.
  • Quick and fast loan approvals and disbursals.
  • Easy pickup services of the documents from your door.
  • Up to 85% of the value of the car as a loan amount for 5 years and that too without any income proof.

*Age of Car should not cross 10 years at loan maturity. The maximum loan tenure of 60 months is available with flexible repayment tenures from 12 months to 60 months.

Terms & conditions apply, offers on specific models only.

Visit Dialabank to know more about Used Car Loan Thiruvananthapuram.

Used Car Loan Thiruvananthapuram 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 Thiruvananthapuram 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
  • Bank Statements for the previous 6 months

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**:

Age proof: Memorandum and Articles of Association/Certificate of Incorporation.

Identity proof: Memorandum and Articles of Association/Certificate of Incorporation.

Income proof: Latest ITR and audited balance sheet along with profit & loss account.

Any of the following documents as address proof:

  • Telephone Bill
  • Memorandum and Articles of Association
  • Certification of Incorporation
  • Electricity Bill

Any of the following 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 Thiruvananthapuram:

  1. Sole Proprietorship
  2. Partnership Firms
  3. Private Limited Companies
  4. Public Limited Companies

Used Car Loan Thiruvananthapuram 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.
  • Age Range: Individuals who are a minimum of 21 years of age when applying for the loan, and a maximum of 60 years of age at the end of the loan tenure
  • 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: Those who earn a minimum of 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 Thiruvananthapuram:

  1. Sole Proprietorship
  2. Partnership Firms
  3. Private Limited Companies
  4. Public Limited Companies

How to Apply for Used Car Loan in Thiruvananthapuram?

Availing a  used car loan Thiruvananthapuram is an easy process with the help of DialaBank. Follow the quick steps mentioned below to avail the best offers:

  • Visit us online at Dialabank
  • Go to the specific city page for used car loan Thiruvananthapuram
  • Fill in the details required in the fast and easy Used Car Loan Application Form.
  • Please wait as our relationship manager will soon get in touch with you for further information and process.

Used Car Loan For Major Car Manufacturers In Thiruvananthapuram

TABLE WILL APPEAR

Processing Fees / Prepayment Charges On Used Car Loan In Thiruvananthapuram

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

CIBIL Score Required For Used Car Loan Thiruvananthapuram

A good CIBIL score is a must before applying for a loan other than a gold loan. It is basically a foundation for your loan, for this reason, every lending institution has its own guided criteria for the minimum required CIBIL score for processing a loan application.

Generally, most of the institutions require a minimum CIBIL score of 720 to process your loan application without any failure.

It is not just your CIBIL score, many institutions also look at the detailed behavior on the previous loans taken by you, including details on the type of loan and the loan amount, payment schedules, and if all deadlines are met while repayment.

Making sure your CIBIL score is good before applying for a loan is a good practice.

Used Car Loan Thiruvananthapuram Contact Number

In case of any queries regarding used car loans in Thiruvananthapuram, you may contact by dialing on +919878981166 for any sort of assistance.

Pre Calculated EMI Table For Used Car Loan Thiruvananthapuram

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

About Thiruvananthapuram

Thiruvananthapuram (or Trivandrum) is the capital of the southern Indian state of Kerala. It’s distinguished by its British colonial architecture and many art galleries. It’s also home to Kuthira Malika (or Puthen Malika) Palace.

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