Used Car Loan Trichy

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Used Car Loan Trichy

Best/Top Banks for Used Car Loan in Trichy

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 Trichy Features

used car loan trichyHow about owning a used automobile? And don’t they have the necessary funds for it? Making no doubts! There is a used car loan for you on this. A used car loan is a source of payment or cash help given to the buyers by banks and NBFCs at a decent interest rate to aid them in used automobiles.

As used cars are now a need for everybody, but the cost of used cars is rising increasing daily. This is where you come into effect on a used car loan and meet your dream to be the buyer of your perfect used car. In Trichy, the key features of a used car payment are:

  • Loan payments of up to Rs.2.5 crore are available in a wide variety of used cars and micro-utility vehicles.
  • Get design aid in finding a car that fits your unique requirements
  • Offers customized and easy repayment terms with EMIs that are budget accessible
  • Affordable payment terms between about 12 months and 84 months

Used Car Loan Trichy Interest Rate

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

Used Car Loan Trichy Documents Required

Documents required for a car loan are as followed:

For Salaried:-

  • Proof (Identity): PAN Card, Voters ID card, Passport copy, Driving License, NREGA ‘s Work Card Provided, Letters given by the National Register of Population including identity & delivery address
  • Proof (Income): Current 3-month pay drop on form 16
  • Statement (Bank): Up to six months.
  • Proof (Address): Driving license / Voters card / Passport Copy /PAN Card / NREGA ‘s Work Card Provided / Letters given by the National Register of Population including identity & delivery address

For Self Employed:-

  • Proof (Identity): PAN Card, Voters ID card, NREGA ‘s Work Card Provided, Letters given by the National Register of Population including identity & delivery address, Passport copy, Driving License
  • Proof (Address): Voters card / Passport Copy / Driving license / NREGA ‘s Work Card Provided / Letters given by the National Register of Population including identity & delivery address / PAN Card
  • Proof (Income): New ITR and total allowance
  • Statement (Bank): Up to 6 months.

Used Car Loan Trichy Eligibility Criteria

The car loan eligibility requirements are as followed in Trichy:

For Salaried:-

  1. Age (Minimum): 21 years
  2. Employment (Minimum):1 year at existing positions and an equal to 2 years for work
  3. Age at loan maturity (Maximum): 60 years
  4. Annual Income (Minimum): Rs. 2,50,000 every annually, with spousal earnings

For Self-Employed:-

  1. Age (Minimum): 25 years
  2. Age at loan maturity (Maximum): 65 years
  3. Annual Income (Minimum): Total Rs. 2,50,000 each annually
  4. Employment (Minimum): Three years at the highest in revenues

How to Apply/Register for Used Car Loan in Trichy?

Providing a used car loan Trichy with DialaBank is a short process. To gain the advantage of the special deals, take the following steps:

  • Consult our Dialabank portal
  • Click the button for used car payment eligible from the toolbar
  • Find the details about both the form of used car and your earning
  • Bear for our financial advisor to get in communication with you on your applied ethics late.
  • In case of any query about the loans, you can also touch our project managers at the amount 9878981166.
  • To make use of an interactively used car loan you’ll need to visit the bank individually, which could turn out to be intense for you.

Used Car Loan for Major Used Car Manufacturers in Trichy

TABLE WILL APPEAR

Processing Fees / Prepayment Charges on Used Car Loan Trichy

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

CIBIL Score Required for Used Car Loan in Trichy

The credit rating is regarded as what decides your money to cover off your loans. A higher credit history suggests a significant credit score and makes the approval process for your used car loan simple to manage. In a lot of instances, banks and rbi consider credit history of 750 and above as a successful score to authorize your Trichy loan request form.

This scoring will vary from site to site, indeed. You would’ve been supposed to pay a high interest rate on the loan value in case of a weak CIBIL score than the desired value however if your Savings account is decent then you’ll have to pay a poor rate of return. A Savings account is also an important aspect of a used car loan.

Used Car Loan Trichy Contact Number

If you’ve any inquiries about a used car loan in Trichy, you could touch for any such assist at the numbers 9878981166.

Pre Calculated EMI Table for Used Car Loan Trichy

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 Trichy

Tiruchirapalli has centred 325 km from the capital of the province, Chennai. This was applied under British rule as Trichinopoly. It is labelled Tiruchi by locals. This town on the river banks Cauvery is Tiruchi District’s administration and the state’s 4th biggest city. The population of the city is 27,22,290 and the population of the area is 8,46,915.

Used Car Loan EMI Calculator