Everyone needs car as the weather gets changed in the city. No one can bear the harsh climate so car is a must in every family.but your pocket didn’t allow you to do so. if you too is dealing with this problem get a used car loan and buy your favourite car.
Eligibility for used car loans in city
Firstly, the minimum age of the applicant must be of 21 years and maximum age is 60 years
Secondly the minimum salary of applicant should be 24000 per month or above.
Any applicant who is a government employee but living in a rented house can utilize the services of the used car loan.
The used car loan is only for the government employes , if the applicant is working for the non government organization in that case you cannot apply for the loan.
Firstly, The minimum age of the applicant should be 30 and the maximum age can be 60 who applies for the used car loan
Secondaly, The minimum itr of 250000 should be filed for atleast two years
Itr is must in this process.
Documents required for the used car loan in city
The following documents are listed which are mandatory for applying the used car loan
Identity proof which include aadhar card, voter card, pan card, passport copy, driving license
Address proof which include aadhar card, voter card, pan card, driving license, passport copy and electicity bill if you are a tenant.
Income proof for salaried, will be the latest salary slip of 3 months and for the self employed it will be the copy of itr filed of last two years
Bank statement which include the copy of bank statement of the last 6 months
Lastly the copy of registration and the insurance of the vehicle is mandatory
Interest rate for used car loan in city
The interest of used car loans is decreasing 14.00% per year. For instance if you take the loan of 500000 and after a year if you have paid 200000 then the interest rate will be applied only to the left amount i.e. of 300000.
Additional information for the applicant
applying for the loan you should have maintained a good cibil score . it needs to be more than 700.
In this loan process the loans will be only available to the car model which are launched after 2013.
Moreover the applicant can claimed the minimum amount of credit that is rs 1 lakh
The amount of the loan is given to you from 12 months to 60 months i.e. from one year to 5 years.
If you have no ciibil score or having a cibil score of 1, -1 can also apply for the loan.
The loan amount will be pay out in your bank accounts within 48 hours.
Benefits of used car loans in city
The option of easy monthly repayment is here for you
It is a secured loan thus The interest rates will be affordable
The documentation process is easy which provides us to get the loans quickly.
why should you choose dialabank for a used car loan?
Dialabank offers you the cheapest interest across your area withno heavy documentation. It helps you to get your loan quickly and easily.
Diala bank used car loans provides the best options to you which is affordable to all the applicants.
With the support of dialabank you can get the best in the market loan to thr value ratio
Apply now to our website to get the best details of you used car loan
How to apply for used car loan online ?
First of all you have to visit our website dialabank
Then click on the option of car loan on the website of dialabank
Fill the necessary details that are required for the used car loan
Apply for the loan but don’t forget to mention your contact information.
Providers of used car loan
Hdfc car loan
Kotak Mahindra car loan
Yes bank car loan
Axis bank car loan