Used Car Loan Vyara

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Best Banks For Used Car Loan In Vyara

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 Vyara Features

Need a car? Since cars have become a need nowadays, everyone wants to own a car but not everyone can afford it. This is where a car loan comes into the picture and fulfill your wish of getting a car. Here you will get a car loan on used cars also. The EMIs are also affordable.
Used car loan Vyara

The main feature of car loan in Vyara are:

  • Car loans are available on a wide range of cars , whether a new car or used cars
  • Almost all major banks provide car loans in Vyara.
  • Loans are available on pre-owned also.
  • Get up to 80% of the loan amount for 3 years without income proof.
  • Track your application whenever you want.
  • Car loans are available through Dialabank

Used Car Loan Vyara 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 Vyara Documents Required

For Salaried Individual:

Any of the following documents as identity & Address Proof:

  • Valid Passport
  • Permanent Driving license [recent, legible, laminate]
  • Letter issued by the National Population Register containing details of name & address
  • Voters ID Card
  • Job card issued by NREGA

All the following documents as proof of income:

  • Latest Salary Slip
  • Latest Form 16/Latest ITR
  • Last 6 months bank statements

Any of the following for sign verification proof:

  • Credit Card Statement with Credit Card Copy
  • Banker’s Verification
  • Passport Copy
  • Photo Driving License with DOB (recent, legible, laminated)
  • Copy of Margin Money Paid to the Bank

For Self Employed:

  • For Age proof: Memorandum and Articles of Association/Certificate of Incorporation.
  • For Identity proof: Memorandum and Articles of Association/Certificate of Incorporation.
  • For Income proof: Latest ITR and audited balance sheet along with profit & loss account.
  • Any of the above documents as address proof:
  • Telephone Bill
  • Memorandum and Articles of Association
  • Certification of Incorporation
  • Electricity Bill
  • Any of the above documents for sign verification proof:
  • Passport Copy
  • Credit Card Statement with Credit Card Copy
  • Banker’s Verification
  • Photo Driving License with DOB (recent, legible, laminated)
  • Copy of Margin Money Paid to the Bank.
  • The following type of companies can also apply for a Used Car Loan:
  1. Sole Proprietorship
  2. Partnership Firms
  3. Private Limited Companies
  4. Public Limited Companies

Used Car Loan Vyara Eligibility Criteria

The following people are eligible to apply for a Pre-Owned Car Loan:

Salaried Individual:

  • The doctors, CAs, employees of private limited companies, employees from public sector undertakings, including central, state, and local bodies are eligible
  • The minimum age of the candidate should be 21 years.
  • The maximum age of the candidate should be 60  years
  • Individuals who at least have had a job for 2 years, with a minimum of 1 year with the present employer.
  • Those who earn a minimum of Rs. 2,50,000 per year., The income of the spouse can be considered as one with the applicant’s income.

Self Employed:

  • This includes individuals who own a private company in the business of manufacturing, trading, or services
  • Rs. 2,50,000 per annum should be a minimum earning.
  • Individuals who have an office landline.
  • The following type of companies are also eligible for a Used Car Loan :
  1. Sole Proprietorship
  2. Partnership Firms
  3. Private Limited Companies
  4. Public Limited Companies

Used Car Loan For Major Car Manufacturers In Vyara

TABLE WILL APPEAR

Processing Fees/Prepayment Charges On Used Car Loan In Vyara

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 Vyara

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

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