Used Car Loan Visnagar

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Used Car Loan Visnagar

Best Banks for Used Car Loan in Visnagar

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 Visnagar FeaturesUsed Car Loan Visnagar

  • The documentation process is quick and hassle-free
  • Practice easy, hassle-free processing, prompt support, and fast disbursals
  • Track your application anytime, anywhere. Get rank updates about your loan request at every stage
  • Avail of customized and comfortable repayment programs with pocket-friendly EMIs
  • Old Car Loans are open at low-interest rates
  • Enjoy preferential pricing
  • Almost all central banks and NBFCs offer Used Car Loans in Visnagar
  • Used Car Loans are readily accessible through DialaBank
  • Get 80% of the value of the car as a loan amount for three years without income proof
  • Get 85% of the value of the vehicle as a loan amount for five years without income proof

Used Car Loan Visnagar 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
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 Visnagar Documents Required

An individual must check the documents required for car loan before deciding.

For Salaried:

Identity and residence proof:

  • Valid Passport
  • Voter ID Card
  • Permanent Driving License
  • Job Card
  • Letter issued by the National Population Register

Income proof:

  • Latest Salary Slip
  • Latest Form 16/Latest ITR
  • Bank statement of the last six months

Signature proof:

  • Passport Copy
  • Photo Driving License with DOB
  • Credit card statement with Credit Card Copy
  • Banker’s verification

For Self Employed:

  1. Identity proof, the records demanded are Memorandum including Articles of Association/Certificate of Incorporation
  2. Age proof, the forms necessitated are Memorandum also Articles of Association/Certificate of Incorporation
  3. Sign Verification Proof: Passport Copy, Credit Card Statement, Photo Driving Permit with DOB, Banker’s Confirmation
  4. Income Proof, there is a form of the Latest ITR and balance sheet with interest and loss statement
  5. Address Proof Documents: Memorandum also Articles of Association, Certificate of Incorporation, Telephone Bill, Electricity Bill

Also, the Used Car Loan can be obtained in the following type of firms as well:

  • Partnership Firms
  • Sole Proprietorship
  • Public Limited Companies

Used Car Loan Visnagar Eligibility Criteria

An individual must fulfil the Eligibility criteria for car loan to avail of the loan amount.

 

For Salaried:-

  1. Minimum age: smallest age criteria is 21 years
  2. Maximum age at loan maturity: highest age criteria is 60 years
  3. Minimum employment: 1 year in current work and two working years of profession
  4. Minimum Annual Income: Rs. 2,50,000 net annual income

For Self-Employed:-

  1. Minimum age: 21 years
  2. Maximum age at loan maturity: 60 years
  3. Minimum employment: 3 years
  4. Minimum Annual Income: Rs. 2,50,000 per annum

The following kind of firm are also eligible to take a pre-owned Used Car Loan Visnagar:

  • Sole Proprietorship
  • Partnership Firms
  • Public Limited Companies
  • Hindu Undivided Family

How to Apply for Used Car Loan in Visnagar?

Availing a Used Car Loan Visnagar is an easy process with DialaBank. Only you require to understand the subsequent actions to help the best suggestions on loan:

  • Visit our website Dialabank
  • Click on the Used Car Loan option accessible in the menu bar
  • Fill in the features regarding the car type and your credit(yearly)
  • Wait as our communication administrator will soon get in touch with you on your given number.
  • You may also communicate our contact directors on the number 9878981166 in case of any doubts concerning the loan.
  • For availing a Used Car Loan in Visnagar offline, you will have to visit the branch personally, which might turn to be hectic for you.

Used Car Loan for Major Car Manufacturers in Visnagar

TABLE WILL APPEAR

Processing Fees / Prepayment Charges on Used Car Loan Visnagar

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

Pre Calculated EMI Table for Used Car Loan Visnagar

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

You can calculate your EMI here: Car Loan EMI Calculator

About Visnagar

Visnagar is a city and a district in the Mehsana district in the Indian state of Gujarat. Visnagar is also a taluka area. Visnagar produced many freedom soldiers during the period of the British Rule. Noted teachers, artists, drama actors, writers were also with those who highlighted Visnagar.

Used Car Loan EMI Calculator

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