Best Banks For Used Car Loan In Ambikapur
Used Car Loan Ambikapur Features
Looking for a loan on a used car? You will get all the required details here. A car loan is a fund or financial help provided by banks to the applicants to help them buy a car. You can get a car loan on used cars also. The documentation process is quick and easy.
The main feature of car loan in Ambikapur are:
- Car loans are available at a low rate of interest.
- Almost all major banks provide car loans in Ambikapur.
- Flexible repayments are available.
- Loans are available up to Rs. 2.5 crore amount.
- Up to 80% of the value of the car as a loan amount for 3 years and that too without any income proof.
- There are offers available on specific model*(Terms & conditions apply)
- Visit Dialabank to know more about Used Car Loan Ambikapur.
- A good CIBIL score is an unsaid requirement as it provides an insight to the provider about your financial behaviour.
- A good CIBIL score provides an opportunity to negotiate and reduce the car loan interest rate to a certain extent.
Used Car Loan Ambikapur Interest Rates
To check Car Loan Interest Rate for all major banks you can visit: Car Loan Interest Rates
Used Car Loan Ambikapur Documents Required
documents required for a car loan are mentioned here-under:
For Salaried Individual:
Any of the following documents as identity & Address Proof:
- Valid Passport
- Permanent Driving license [recent, legible, laminate]
- Letter issued by the National Population Register containing details of name & address
- Voters ID Card
- Job card issued by NREGA
All the following documents as proof of income:
- Latest Salary Slip
- Latest Form 16/Latest ITR
- Last 6 months bank statements
Any of the following for sign verification proof:
- Credit Card Statement with Credit Card Copy
- Banker’s Verification
- Passport Copy
- Photo Driving License with DOB (recent, legible, laminated)
- Copy of Margin Money Paid to the Bank
For Self Employed:
- For Age proof: Memorandum and Articles of Association/Certificate of Incorporation.
- For Identity proof: Memorandum and Articles of Association/Certificate of Incorporation.
- For Income proof: Latest ITR and audited balance sheet along with profit & loss account.
- Any of the above documents as address proof: Telephone Bill, Memorandum and Articles of Association, Certification of Incorporation, Electricity Bill
- Any of the above documents for sign verification proof: Passport Copy, Credit Card Statement with Credit Card Copy, Banker’s Verification, Photo Driving License with DOB (recent, legible, laminated), Copy of Margin Money Paid to the Bank.
- The above type of companies can also apply for a Used Car Loan: Sole Proprietorship, Partnership Firms, Private Limited Companies, Public Limited Companies
Used Car Loan Ambikapur Eligibility Criteria
The following people meet the eligibility criteria for a Car Loan Ambikapur:
Salaried Individual:
- The applicant must be: Who is a doctor, CAs, private limited company employee, employees from public sector undertakings including central, state, and local bodies.
- Age Range: Individuals who are a minimum of 21 years of age when applying for the loan, and a maximum of 60 years of age at the end of the loan tenure
- Minimum Work Experience: Individuals who at least have had a job for 2 years, with a minimum of 1 year with the present employer.
- Minimum Earning: Those who earn a minimum of Rs. 2,50,000 per year., The income of the spouse can be considered as one with the applicant’s income.
Self Employed:
- This includes individuals who own a private company in the business of manufacturing, trading, or services
- Rs. 2,50,000 per annum should be a minimum earning.
- Individuals who have an office landline.
- The above type of companies are also eligible for a Used Car Loan: Sole Proprietorship, Partnership Firms, Private Limited Companies, Public Limited Companies
Used Car Loan For Major Car Manufacturers In Ambikapur
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Processing Fees/Prepayment Charges On Used Car Loan In Ambikapur
Pre Calculated EMI Table For Used Car Loan Ambikapur
Used Car Loan EMI Calculator
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