Used Car Loan Washim
In today’s world, buying a car is a tough task as the prices of buying a car are touching the sky. Not many have the funds in their bank account to buy a used vehicle, let alone a brand new car.
The best possible solution to this problem is availing a Used Car Loan that offers monetary help to those who wish to buy a pre-owned vehicle.
Table of Contents
- Best Banks for a Used Car Loan Naraingarh
- Used Car Loan Naraingarh Features
- Used Car Loan Naraingarh Interest Rates
- Documents Required for Used Car Loan Naraingarh
- Eligibility to apply for a Pre-Owned Car Loan Naraingarh
- Used Car Loan for Major Car Manufacturers in Naraingarh
- Used Car Loan Naraingarh Processing Fee
- Used Car Loan Naraingarh Contact Number
Best Banks for a Used Car Loan Naraingarh
| Banks/Rates | Get The Best Offers |
| HDFC Bank | Apply Now |
| Axis Bank | Apply Now |
| Canara Bank | Apply Now |
| Kotak Mahindra Bank | Apply Now |
| State Bank Group | Apply Now |
| ICICI Bank | Apply Now |
| Bank of India | Apply Now |
| Bank of Baroda | Apply Now |
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 Naraingarh Features
- Loan Amount Avail of loans up to Rs.2.5 crore on a wide range of used cars.
- Car model should not be older than 5 years from the present time.
- Flexible Repayment Tenure – From 12 months to 84 months.
- Hassle free loans – no post dated cheques required.
- Finance up to 92% of the car’s value.
- Repay your Loan with easy EMIs.
- Loan approvals within 24 hours.
- Quick and easy Processing
Used Car Loan Naraingarh Interest Rates
| Banks/Rates | New Car Loan Interest Rate | Used Car Loan Interest Rate |
| HDFC Bank | 10.00% – 11.00% | 13.99% – 15.50% |
| Axis Bank | 10.25% – 11:25% | 14.50% to 16% |
| Canara Bank | 10.75% | N.A. |
| Kotak Mahindra Bank | 11.50% – 13.50% | 17% – 20% |
| State Bank Group | 10.50% | 17.05% to 17.30% |
| ICICI Bank | 10.50% to 11.75% | 16.50% to 18.00% |
| Bank of India | 10.50% to 13.50% | 13.50% to 14.50% |
| Bank of Baroda | 12.50% Fixed | N.A |
To check Car Loan Interest Rate for all major banks you can visit: Car Loan Interest Rates
Documents Required for Used Car Loan Naraingarh
Salaried Individuals 
Any of the following documents as identity or address proof:
-
- Valid Passport
- Permanent Driving license
- Voters ID Card
- Job card issued by NREGA
- Letter issued by the National Population Register containing details of name & address
All the following documents as proof of income:
-
- Latest Salary Slip
- Latest Form 16/Latest ITR
- HDFC Bank corporate salary account statement for salary credits above Rs. 80,000 for the previous 3 months
Any of the following as sign verification proof:
- Passport Copy
- Photo Driving License with DOB
- Credit Card Statement with Credit Card Copy
- Banker’s Verification
- Copy of Margin Money Paid to the Bank
Self Employed Individuals (Sole Proprietorship):
Any of the following documents as address proof:
- Memorandum and Articles of Association
- Certification of Incorporation
- Telephone Bill
- Electricity Bill
Any of the following as sign verification proof:
- Passport Copy
- Photo Driving License with DOB
- Credit Card Statement with Credit Card Copy
- Banker’s Verification
- Copy of Margin Money Paid to the Bank
-
Eligibility to apply for a Pre-Owned Car Loan Naraingarh:
Salaried Individuals:
-
- This includes doctors, CAs, employees of private limited companies, employees from public sector undertakings, including central, state and local bodies
- Individuals who are a minimum of 21 years of age at the time of applying for the loan, and no older than 60 at the end of the loan tenure
- Individuals who have had a job for at least 2 years, with a minimum of 1 year with the current employer
- Those who earn a minimum of Rs. 2,50,000 per year, including the income of the spouse
Self Employed Individuals (Sole Proprietorship):
-
-
- This includes self-employed sole proprietors in the business of manufacturing, trading or services
- Individuals who are a minimum of 25 years of age at the time of applying for the loan, and no older than 65 at the end of the loan tenure
- Those who have been in business for a minimum of 3 years
- Should earn at least Rs. 2,50,000 per annum
-
-
Used Car Loan for Major Car Manufacturers in Naraingarh
TABLE WILL APPEAR
Used Car Loan Naraingarh Processing Fee
| Banks | Processing Fee |
| HDFC Bank | Rs.1.25 per Rs.1,000 of loan amount to Rs.200 per lakh |
| Axis Bank | Rs.1,000 + GST to Rs.2,500 +GST |
| Canara Bank | Rs.500 |
| Kotak Mahindra Bank | Rs.1,000 to Rs.1,500 |
| State Bank Group | Rs.1,000 + taxes |
| ICICI Bank | Rs.3,500 – Rs.15,000 |
| Bank of India | Rs.3,000 – Rs.10,000 |
| Bank of Baroda | Rs.3,500 – Rs.5,500 |
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 Naraingarh Contact Number:
9910324678
Pre Calculated EMI Table for Car Loan Mumbai
Car Loan EMI Calculator
