Used Car Loan Alappuzha

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All About Used Car Loan Alappuzha

Want a car for a short period of time rather than for a long period? Why to waste your money on a new car when you can easily get used a car and that too on a lesser amount. Apply from DialaBank today only and get Used Car Loan easily.

Documentation for Used Car Loan Alappuzha

Documents required for Used Car Loan are as follows:

For salaried employees

  1. Identity Proof: Pan Card, Aadhar Card
  2. Applicant should have 3 months salary slip, 6 months bank statement
  3. RC and Insurance Copy ( insurance should be updated)
  4. Rent agreement in case the candidate is rented and a government employee.

For self employed

  1. Identity Proof: Pan Card, Aadhar Card
  2. 6 months bank statement is required
  3. Documents of ITR are also necessary.

Interest Rate for Used Car Loan

The interest rate charged on used car loan is 14% of total amount. This interest is applied on the basis of reducing method.

The Loan gets disbursed in your bank account in just 2-3 days.

Eligibility for Used Car Loan Alappuzha

For salaried employees

  1. The income of the applicant should be Rs. 24,000 per month.
  2. Minimum age of the applicant needs to be 21 years and maximum age should be 60 years.
  3. CIBIL of the applicant should be atleast 700.
  4. Bank’s internal customer are given used car loan in case they are rented.

For self employed

  1. Age of the applicant should be 30 years. In case the applicant is less than 30 years, he would need the co applicant.
  2. The co applicant should be of 25 years and currently working.
  3. CIBIL of the applicant needs to be 700.
  4. The applicant must have filed an ITR of Rs.2.5 lakhs for past 2 years.

Note: Used Car Loan is not given to rented customers.

Benefits of Used Car Loan

  1. You can save money by buying used car and use the left over money for another purpose.
  2. Tenure also varies from 2 years to 5 years, so the applicant the choose the period for which he wants to avail the Car Loan.
  3. You get the loan amount within 72 hours in your bank account.
  4. The documentation for Used Car Loan is less.
  5. CIBIL required for Used Car Loan is also less.
  6. The interest rate on these loans are also very less.

Additional information for Used Car Loan Alappuzha

Used Car Loan Alappuzha

  1. Car Loan is given on car models of after 2013.
  2. In case of luxury cars, the loan can be given for models after 2011.
  3. The amount of loan the the customer can take starts from Rs.1 lakhs.
  4. A customer with CIBIL 1,0 and -1 can also apply for loan.
  5. Time period for which the customer can avail the loan is 24 months to 60 months.
  6. The amount of loan that the customer will get is 85% of Insurance Value.

How to Apply for Used Car Loan?

First, you need to visit our official site DialaBank.
After that, apply for Used Car Loan online.
Enter your detailed information so that our representative can contact you.
DialaBank is the most suitable platform to apply for a car loan as you will get a loan at affordable rates of interest.

About Alappuzha

Alappuzha is a city located on the Laccadive Sea in the southern Indian state of Kerala. For more information on Used Car Loan, you can visit our official website.

Leading Used Car Loan Providers (Click to Apply)

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