Used Car Loan Udhampur

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Used Car Loan Udhampur

Best Banks for Used Car Loan in Udhampur

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 Udhampur Features

Used Car Loan UdhampurThinking about buying a used vehicle? But don’t they have the requisite funds for it? Only don’t worry! There’s a used car loan for you here. A used car loan is a form of financing or financial assistance provided to borrowers at a reasonable rate of interest by banks and NBFCs to help them purchase a car.

As used cars have become a necessity for everyone, the cost of used cars is rising increasingly on a daily basis. This is where a used car loan comes into play and satisfies your need to be the owner of the used car of your dream. In Udhampur, the main features of a used car loan are:

  • Experience clear, trouble-free production, prompt approvals, and fast disbursements
  • Track your application anywhere, anywhere. Get status updates at every phase of your loan application
  • Enjoy doorstep service and fast and clear documentation
  • Obtain 80% of the car’s worth as a loan sum for 3 years without evidence of income

Used Car Loan Udhampur 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 Udhampur Documents Required

documents required for a car loan are mentioned here-under:

For Salaried:-

  • Identity (Proof): PAN Card, Voters ID card, Passport copy, Driving License, NREGA ‘s Work Card Released, Letter provided by the National Registry of Populations containing the name and address information
  • Income (Proof): Latest 3-month salary slip with form 16
  • Address (Proof): Driving license / Voters card / Passport Copy /PAN Card / NREGA ‘s Work Card Released / Letter provided by the National Registry of Populations containing the name and address information
  • Bank (Statement): Last 6 months.

For Self Employed:-

  • Identity Proof: PAN Card, Voters ID card, Passport copy, Driving License, NREGA ‘s Work Card Released, Letter provided by the National Registry of Populations containing the name and address information
  • Income Proof: Latest ITR and slip of salary
  • Address Proof: Voters card / Passport Copy / NREGA ‘s Work Card Released / Letter provided by the National Registry of Populations containing the name and address information / Driving license / Electricity Bill / Life Insurance Policy /, PAN Card
  • Bank Statement: Last 6 months.

Used Car Loan Udhampur Eligibility Criteria

eligibility criteria for a car loan are the completion of the following conditions:

For Salaried:-

  1. Minimum age: 21 years
  2. Maximum age at loan maturity: 60 years
  3. Minimum employment: 1 year in current employment and a minimum of 2 years of employment
  4. Minimum Annual Income: Rs 2,50,000 net annual income with marital earning

For Self-Employed:-

  1. Minimum age: 25 years
  2. Maximum age at loan maturity: 65 years
  3. Minimum employment: at smallest 3 years in sales
  4. Minimum Annual Income: Net profit Rs. 2,50,000

How to Apply for Used Car Loan in Udhampur?

Availing a used car loan Udhampur is an easy process with DialaBank. Follow the following steps to avail the best offers:

  • Visit our website Dialabank
  • Click on the used car loan option available in the menu
  • Fill in the descriptions of the model of car used and your wages.
    Patient as you will soon be contacted by our managing director on your assigned phone.
    In the event of any questions more about the loan, you can also contact our managers on 9878981166.
    To make use of an indirectly used car loan you’ll need to visit the bank directly, which could turn out to be hectic for you.

Used Car Loan for Major Used Car Manufacturers in Udhampur

TABLE WILL APPEAR

Processing Fees / Prepayment Charges on Used Car Loan Udhampur

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 Udhampur

The CIBIL score is called what decides your ability to make your credits pay off. A higher credit report suggests a positive credit history which makes the application process for your used car loan straightforward which easy to perform. Most of the time, banks and NBFCs regard a credit score of 750 and above as a strong score for authorizing your Udhampur loan application form.

This score could vary from bank to bank again. You would be expected to pay a high rate of interest on the loan sum in case of a poor CIBIL score than the required value whereas if your CIBIL score is decent then you will have to pay a poor rate of interest. A CIBIL score is also an important consideration for a used car loan.

A good CIBIL score provides an opportunity to negotiate and reduce the car loan interest rate to a certain extent.

Used Car Loan Udhampur Contact Number

You can contact 9878981166 for any kind of support for people of any questions and concerns the used car loan in Udhampur.

Pre Calculated EMI Table for Used Car Loan Udhampur

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 Udhampur

Kaladi bread is one of its practice areas dishes. Kaladi, Chhole Kulcha, Aloo Tikki, Golgappe, Kachalu, and Gurgule are a specialty in the Ramnagar area. Another item that is known for Udhampur is Kalari, a traditionally mature Himalayan cheese.

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