Used Car Loan Raipur

Best Banks for Used Car Loan in Raipur

Used Car Loan Raipur Features

• Avail maximum loan amount of up to Rs. 2.5 crore
• Get a 100% loan amount of the value of the car
• At loan maturity, the car’s age must not exceed 10 years
• Avail loan amount up to 6 times of your yearly income
• Provision of personalized assistance
• Get customized and convenient refund plans with reasonably priced
• Maximum loan tenure is up to 5 years for a pre-owned car
• Simple and hassle-free processing
• Get your second-hand car approval faster
• Loan amount disbursed speedily
• Quick and less documentation
• Get a loan amount of up to 85% of the car value without income proof
• Get benefit from end-to-end advising

Used Car Loan Raipur Interest Rates

To check Car Loan Interest Rate for all major banks you can visit: Car Loan Interest Rates

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Used Car Loan Raipur Documents Required

Documents required for a car loan are as followed:

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 last 6 months

Signature proof:

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

For Self Employed:

1. For age proof, the documents required are Memorandum and Articles of Association/Certificate of Incorporation
2. For identity proof, the documents required are Memorandum and Articles of Association/Certificate of Incorporation
3. For Income Proof, there is a requirement of the Latest ITR and balance sheet with profit and loss account
4. Address Proof Documents(Anyone): Memorandum and Articles of Association, Certificate of Incorporation, Telephone Bill, Electricity Bill
5. For Sign Verification Proof: Passport Copy, Photo Driving License with DOB, Credit Card Statement, Banker’s Verification

Also, the used car loan can be borrowed in the following type of firms as well:

• Partnership Firms
• Sole Proprietorship
• Public Limited Companies

Used Car Loan Raipur Eligibility Criteria

The car loan eligibility requirements are as followed in Raipur:

For Salaried:-

1. Minimum age: 21 years
2. Maximum age at loan maturity: 60 years
3. Minimum employment: 1 year in the current job and a minimum of 2 years of working
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 type of firm are also eligible to take a pre-owned car loan in Raipur:

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

How to Apply for Used Car Loan in Raipur?

Availing a Used Car Loan in Raipur is an easy and smooth process with Dialabank. Follow the following steps to get the best offers:

• Visit our website Dialabank
• Click on the car loan option convenient in the menu
• Fill in the details regarding the car type and your income
• Wait as our relationship manager will soon get in contact with you on your provided mobile number.
• You may also contact our relationship managers at 9878981166 in case of any queries about the used car loan.
• For availing a car loan offline you will have to visit the bank branch personally, which might turn to be hectic for you.

Used Car Loan for Major Car Manufacturers in Raipur

TABLE WILL APPEAR

Processing Fees / Prepayment Charges on Used Car Loan in Raipur

CIBIL Score Required for Used Car Loan in Raipur

The CIBIL score is referred to as what defines your capacity to pay off your credits. A higher Credit score means good credit history and makes your Used Car Loan Raipur application process hassle-free and easy to be processed. Mostly, banks and NBFCs consider a good credit score to approve your loan application process in Used Car Loan Raipur

The CIBIL score required for availing a loan for a used car or second-hand cars in Raipur is 720 and above. Those who have a minimum CIBIL score of 720 is eligible for getting a pre-owned car loan in Raipur. This score may again differ from bank to bank. In case of a low CIBIL score, you will pay a high interest rate on the amount while if your CIBIL score is good then you may have to pay a low-interest rate. Thus, a CIBIL score is an important factor for getting a Used Car Loan Raipur.

Used Car Loan Raipur Contact Number

In case of any queries regarding the used car loan in Raipur, you may contact the number 9878981166 for any sort of assistance.

Pre Calculated EMI Table for Used Car Loan Raipur

Used Car Loan EMI Calculator Raipur

About Raipur

Raipur is the principal city of the Indian state of Chhattisgarh. Raipur is also the official office of Raipur district and Raipur city, and the most populous city of the state.

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