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Aradhya Chatterjee

Aradhya Chatterjee

Asked on 15 February, 2019

What is the processing fee and other charges for HDFC car loan?

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Processing fee is 0.4% of the loan amount subject to minimum of Rs. 3000 and maximum of Rs. 10,000. Documentation charges are Rs. 630. No foreclosure allowed within 6 months from date of availing the car loan; post this period, 3-6% of principal oustanding is charged for pre-closures.

Aaradhya Sharma

Aaradhya Sharma

Asked on 15 February, 2019

Does ICICI Bank offer loans for used cars?

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Yes, ICICI Bank also offers cars loans for pre-owned (second hand) cars. Loan amount offered is up to 80% of the valuation of the car. Loan tenure ranges up to 5 years.

Pari Yadav

Pari Yadav

Asked on 15 February, 2019

What is the maximum loan amount offered by Central Bank for used cars?

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The Central Bank of India also provides loans for purchasing old or second-hand four-wheeler vehicles. The maximum loan amount for old cars is Rs. 10 lakh.

Paridhi Gupta

Paridhi Gupta

Asked on 15 February, 2019

What are some best banks for car loans?

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Almost all banks offer car loans: Here are some top ones: State Bank of India, Bank of India, Central Bank of India, HDFC Bank, Punjab National Bank, IDBI Bank, ICICI Bank, and Axis Bank among others.

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