Used Car Loan Tumkur

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Rates as low as 11.99%*
Up to 100% Funding
Doorstep Service
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Used Car Loan Tumkur

Best Banks for Used Car Loan in Tumkur

Feature
HDFC Bank
Private 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 Tumkur FeaturesUsed Car Loan Tumkur

Get easy Used Car Loan Tumkur with Dialabank.

  • You can simply avail of loan up to Rs. 2.5 crore on an extensive range of preowned cars and multi-utility carriers
  • Easily get between 3 to multiple times your yearly pay, and get up to 100% of the estimation of the car*

*The Age of Car at credit development ought not to cross 10 years, subject to the most extreme advance residency of 60 months.

  • Service from start to end warning – from examination to title progress
  • Get customized help to pick a vehicle that meets your particular needs
  • Profit of qualified and effective reimbursement plans with pocket-accommodating EMI’s
  • Flexible reimbursement residencies from a year to 60 months.
  • Fast and simple Processing and endorsement.
  • Encounter straightforward issue free fitting, fast endorsements, and fast disbursal
  • Track your application whenever, anyplace. Get details about your credit application at each step.
  • Appreciate doorstep administration and speedy and simple documentation
  • Check your credit fitness in only 60 seconds
  • Get 80% of the estimation of the vehicle as to the advance sum for a long time without pay confirmation
  • Get 85% of the estimation of the vehicle as to the advance sum for a long time without pay confirmation for Car loan online.

Used Car Loan Tumkur Interest Rate

Check the latest interest rates of car loan at dialabank.

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
Private 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

Apply for a Car Loan

Used Car Loan Tumkur Documents Required

Documents required for car loan are as followed:

Salaried Individuals:

Identity proof:

  1. One Substantial Passport
  2. The Driving permit [recent, decipherable, laminate]
  3. The Citizens ID Card
  4. The Occupation card which is provided by NREGA.
  5. The letter provided by the National Population Register with the name and address of the applicant.

Evidence of salary:

  1. Fresh Salary Slip
  2. The latest Form 16
  3. The Last 6 months bank statement

Identity verification:

  1. Identification Copy
  2. Photograph Driving Permit with DOB
  3. Financial record with Credit Card Copy
  4. Broker’s Verification
  5. Duplicate of Margin Money Paid to the Bank

Self-employed Individuals

  • Update and Articles of Certificate of that are Proof of age of the applicant.
  • Update and Articles of Certificate of Incorporation as character verification.
  • Most recent ITR and reviewed monetary record alongside benefit and misfortune account as verification of salary
  • Any of the accompanying archives as address evidence

Report and Articles of Association, Affirmation of Business, Telephone Bill, Power Bill

  • confirmation verification:

Photograph Driving License with DOB (later, clear, covered), Financial record with Credit Card Copy, Visa Copy, Investor’s Verification, Duplicate of Margin Money Returned to the Bank

Public Limited Companies, Private Limited Companies, Hindu Undivided Family – also need to submit the same documents in order to avail used car loans.

Used Car Loan Tumkur Eligibility Criteria

The car loan eligibility requirements are as followed:

Salaried Individuals:

  1. This incorporates specialists, CAs, representatives of private restricted organizations, workers from public area endeavors, including local, state, and neighborhood bodies
  2. People who are at smallest 21 years at the time of joining and a height of 60 toward the finish of the loan residency
  3. Those who’ve served for a company for 2 years, with at least 1 year with the modern manager
  4. The individuals who earn at least Rs. 2,50,000 every year, including the pay of wife/husband.

Self Employed Individuals:

  1. The individual must have a  private company in the matter of assembling, trading, or benefits
  2. Should earn at any rate Rs. 2,50,000 for every annum
  3. The individuals should have a business landline.

Public Limited Companies, Private Limited Companies, Hindu Undivided Family- also require to follow the same eligibility criteria to get used car loans.

Used Car Loan for Major Car Manufacturers in Tumkur

TABLE WILL APPEAR

Processing Fees / Prepayment Charges on Used Car Loan Tumkur

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 Tumkur

The CIBIL score for car loan  is considered to be what characterizes your capacity to take care of your credits. A more important Credit score means a great record as a customer and makes your vehicle advance application measure smooth and simple to be handled. Generally, banks and NBFCs consider a FICO assessment of 720 or more as a decent score to affirm your credit application measure for Used Car Loan Tumkur.

This amount may again differ from bank to bank. In the event of a low CIBIL score than the necessary worth, you will be needed to pay a high rate financing cost on the credit sum while on the off chance that your CIBIL score is acceptable, at that point you may need to pay a low pace of intrigue. Subsequently, a CIBIL score is a significant factor in vehicle credit.

Used Car Loan Tumkur Contact Number

In case of any queries regarding the Used car loan Tumkur, you may contact on the number 9878981166 for any sort of assistance. Or for any further assistance, you can also visit us on our website Dialabank.

Pre Calculated EMI Table for Used Car Loan Tumkur

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 Tumkur 

Tumkur, formally renamed as Tumakuru, is one of the metropolitan cities located in the state of Karnataka, also appreciated as Shaikshanika Nagari and Kalpatharu Nadu. Since 28 August 2010, Tumkur has been granted the status of a City Corporation.

Car Loan EMI Calculator

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