Used Car Loan Yavatmal

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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 Yavatmal

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 Yavatmal FeaturesUsed Car Loan Yavatmal

  • Used Car Loans are free at low-interest rates
  • Enjoy unusual pricing
  • Practice easy, hassle-free processing, quick approvals, and agile disbursals
  • Track your application anytime, anywhere. Get standing updates about your loan demand at every step
  • Avail of customized and convenient repayment arrangements with pocket-friendly EMIs
  • Almost all essential banks and NBFCs offer Used Car Loans in Yavatmal
  • The documentation method is quick and hassle-free
  • Used Car Loans are easily 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 Yavatmal 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
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 Yavatmal Documents Required

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. Age proof, the documents needed are Memorandum also Articles of Association/Certificate of Business
  2. Identity proof, the records claimed are Memorandum also Articles of Association/Certificate of Establishment
  3. Income Proof, there is a form of the Newest ITR and balance sheet with profit and loss account
  4. Address Proof Documents: Certificate of Incorporation, Telephone Bill, Memorandum and Articles of Association, Electricity Bill
  5. Sign Verification Proof: Passport Copy, Credit Card Statement, Banker’s Confirmation, Photo Driving Permit with DOB

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 Yavatmal Eligibility Criteria

For Salaried:-

  1. Minimum age: tiniest age criteria is 21 years
  2. Maximum age at loan maturity: highest age criteria is 60 years
  3. Minimum employment: 1 year in the modern profession and two working years of employment
  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 later type of firms are also available to take a pre-owned Used Car Loan Yavatmal:

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

How to Apply for Used Car Loan in Yavatmal?

Availing a Used Car Loan Yavatmal is an uncomplicated process with DialaBank. You need to understand the subsequent steps to help the best offers on loan:

  • Visit our website Dialabank
  • Click on the Used Car Loan selection available in the menu bar
  • Fill in the details about the car type and your income (yearly)
  • Wait as our communication handler will soon get in touch with you on your addressed number.
  • You may also reach our meeting supervisors on the number 9878981166 in case of any interrogations concerning the loan.
  • For availing a Used Car Loan in Yavatmal offline, you will have to visit the branch personally, which might turn to be excited for you.

Used Car Loan for Major Car Manufacturers in Yavatmal

TABLE WILL APPEAR

Processing Fees / Prepayment Charges on Used Car Loan Yavatmal

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 Yavatmal

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

About Yavatmal

Yavatmal is a city and local assembly in the Indian state of Maharashtra. It is the organizational quarters of the Yavatmal District. Yavatmal is around 90 km away from divisional offices Amravati while it is 670 km away from Mumbai’s state metropolis.

Used Car Loan EMI Calculator

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