Used Car Loan Vellore

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Rates as low as 13.60%*
Up to 100% Funding
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Used Car Loan Vellore

Best Banks for Used Car Loan in Vellore

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 Vellore FeaturesUsed car loan Vellore

  • Attractive interest rates on Used Car Loan Vellore
  • Choose any car available in India
  • Repay your Loan with easy EMIs
  • Hassle-free loans provided – no post-dated cheques required
  • Easy and simple documentation needed to avail of Used Car Loan Vellore
  • Avail of loan up to Rs. 2.5 crore on a wide range of preowned cars and multi-utility vehicles
  • Get between 3 to multiple times your yearly pay, and get up to 100% of the estimation of the car*

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

  • Profit of qualified and effective reimbursement plans including pocket-accommodating EMIs.
  • Get customized help to pick a vehicle that meets your particular needs.
  • Check your advanced qualification in only 60 seconds.
  • Get 80% of the estimation of the vehicle as to the advance sum for a long time without payment confirmation.
  • Get 85% of the estimation of the vehicle as to the advance sum for a long time without payment confirmation.

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

Used Car Loan Vellore Documents Required

Documents required for a car loan are as followed:

For Salaried:

  • Identity Proof: Voters ID card, Passport copy, PAN Card, Driving License
  • Income Proof: Latest 3-month salary slip with form 16
  • Address Proof: Voters card / Passport Copy / Telephone Bill / Driving license / Ration card / Electricity Bill / Life Insurance Policy /PAN Card
  • Bank Statement: Last 3 months.

For Self Employed:

  • Identity Proof: Voters ID card, Passport copy, PAN Card, Driving License
  • Income Proof: Latest ITR
  • Address Proof: Voters card / Ration card / Telephone Bill / Driving license / Electricity Bill / Passport Copy / Life Insurance Policy /PAN Card
  • Bank Statement: Last 3 months.

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 Vellore Eligibility Criteria

The car loan eligibility requirements are as followed in Vellore:

For Salaried:-

  1. Minimum age: 21 years
  2. Maximum age at loan maturity: 60 years
  3. Minimum employment: 1 year in the contemporary job and a minimum of 2 years of work
  4. Minimum Annual Income: Rs 2,50,000 net annual income

For Self-Employed:-

  1. Minimum age: 25 years
  2. Maximum age at loan maturity: 65 years
  3. Minimum employment: Should have been in business for a minimum of 3 years
  4. Minimum Annual Income: Rs 2,50,000 net annual income
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 Vellore

TABLE WILL APPEAR

Processing Fees / Prepayment Charges on Used Car Loan in Vellore

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

Used Car Loan Vellore Contact Number

In case of any questions regarding the used car loan in Vellore, you may contact on the number 9878981166 for any sort of assistance.

Pre Calculated EMI Table for Used Car Loan Vellore

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 Vellore

About Vellore

Vellore is a city and the administrative quarters of the Vellore area in the Indian state of Tamil Nadu. It is placed on the banks of the Palar River in the northeastern part of Tamil Nadu and is classified into four zones that are further subdivided into 60 wards. The Vellore district is the largest exporter of finished leather goods in the country. Leather shipping from Vellore accounts for more than 37% of India’s leather shipping and leather-related results. Vellore is one of 27 cities chosen by the Government of India to become part in the country’s Smart Cities Mission.

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