Used Car Loan Umred

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Buy Your Dream Car

Rates as low as 13.60%*
Up to 100% Funding
Doorstep Service
Hassle-free Disbursal
Unbiased Experts Advice

Best Banks for Used Car Loan in Umred

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 Umred FeaturesUsed Car Loan Umred

A Used Car Loan Umred will assist you with purchasing the best vehicle inside your spending plan and is a budgetary guide offered to the clients by business banks and NBFCs. Dialabank present their best proposals for a car loan to buy the trade-in vehicle in Umred!

The highlights of Trade-in vehicle Credit Umred are as per the following:

  • Adaptable repayment plans beginning from a year to reduce the weight on your pocket.
  • Vehicle at credit development age will not surpass 10 years, with a most extreme advance residency of 60 months.
  • Customized help and warning by our exceptionally prepared specialists to pick a vehicle that meets your needs.
  • You can get a credit up to Rs.2.5 crore on the car worth.
  • Get 85% of the estimation of the vehicle as a credit sum for a long time without pay confirmation check.
  • You may acquire up to 100% value of the vehicle to the estimation of 3-6 times your yearly early.
  • Helpful repayment plans accessible with the effectively payable parts

*Terms and Conditions Apply

Used Car Loan Umred 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 Umred Documents Required

For Salaried Individuals:

For Identity and Address Proof:

  • Passport
  • Driving license
  • The letter assigned by the National Population Register mentioning name & address
  • Voters ID Card
  • Job card provided by NREGA

For Income Proof:

  • Latest Salary Slip
  • Bank Statements for the last 6 months
  • Latest Form 16/ Latest Income Tax Return

For Signature Verification Proof:

  • Driving License
  • Credit Card Statement and its Copy
  • Verification
  • Copy of Margin Money Paid to Bank
  • Passport Copy

For Self Employed**:

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

Income verification proof: Latest Income Tax Return and audited balance sheet with profit & loss account details.

For Sign Verification Proof:

  • Credit Card Statement and its Copy
  • Passport Copy
  • Verification by the banker
  • Copy of Marginal cash Paid to the Bank.
  • Photo Driving License

For Address Proof:

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

**The following companies are also appropriate to apply for a Used Car Loan Umred city:

  • Sole Proprietorship
  • Partnership Firms
  • Private Limited Companies
  • Public Limited Companies

Used Car Loan Umred Eligibility Criteria

The following people are eligible to apply for a Pre-Owned Car Loa in Umred city:

Salaried Individual:

  • Minimum Work Experience: People who have job experience for a minimum of 2 years and a minimum of 1 year with the current employer.
  • Minimum Earning: People getting a minimum of Rs. 2.5 lakhs annually, the income of the spouse can be considered as held with the candidate’s income.
  • Age Limit: People having the age of 21 years when applying for the loan, and a maximum of 60 years of age at the end of the loan maturity period.
  • Professional doctors, CAs, private limited company employee, employees from public sector undertakings including central, state, and local bodies.

Self Employed***:

  • Rs. 2.5 lakhs per year should be a minimum remuneration.
  • People who own a private company in the business of manufacturing, trading, or service undertakings.
  • People who have an office landline number.

***The following organisations are also eligible for a Used Car Loan Umred city:

  • Sole Proprietorship
  • Partnership Firms
  • Public Limited Companies
  • Private Limited Companies

Used Car Loan for Major Car Manufacturers in Umred

TABLE WILL APPEAR

Processing Fees / Prepayment Charges on Used Car Loan Umred

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 Umred

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 Umred

About Umred

Umred is a municipal council in the Nagpur district of Maharashtra, India having a population of 49,573.

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