Used Car Loan Atmakur

Best Banks for Used Car Loan in Atmakur

Used Car Loan Atmakur Features

Do you want to own a car? But couldn’t own it because of high prices? Then you can always go for buying a used car. You can get a car loan for it as well. The process is very simple and loans are available at a minimum rate of interest. Find other important features below.

The main features of a car loan in Atmakur are:

• Car loans are available at low rate of interest on a wide range of cars
• Almost all major banks provide car loans in Atmakur
• Get updates on your application at every stage.
• Repayment plans are flexible and available at less rate of interest
• Track your loan application anytime.
• There are also offers available on specific models**(terms and conditions apply)
• Car loans are easily available through DialaBank

Used Car Loan Atmakur Interest Rate

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

Used Car Loan Atmakur Documents Required

Know more about Documents required for car loan.

For Salaried:

• For Identity & Address Proof: Valid Passport, Permanent Driving license [recent, legible, laminate], Voters ID Card, Job card issued by NREGA, Letter issued by the National Population Register containing details of name & address

• For  Income proof: Latest Salary Slip, Latest Form 16/Latest ITR, Last 6 months bank statement

• For sign verification proof: Passport Copy, Photo Driving License with DOB (recent, legible, laminated), Credit Card Statement with Credit Card Copy, Banker’s Verification, Copy of Margin Money Paid to the Bank

For Self Employed:

• Memorandum and Articles of Association/Certificate of Incorporation as age proof
• Memorandum and Articles of Association/Certificate of Incorporation as identity proof
• Latest ITR and audited balance sheet along with profit & loss account as proof of income
• For address proof:- Memorandum and Articles of Association, Certification of Incorporation, Telephone Bill, Electricity Bill

• For sign verification proof:- Passport copy, Photo Driving License with DOB (recent, legible, laminated), Banker’s verification, Copy of Margin Money Paid to the Bank

• 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 Atmakur Eligibility Criteria

Know more about Car Loan eligibility criteria.

A good CIBIL score is a must before applying for a loan other than a gold loan. Making sure your CIBIL score is good before applying for a loan is a good practice.

For Salaried:-

1. This includes doctors, CAs, employees of private limited companies, employees from public sector undertakings, including central, state, and local bodies
2. The Minimum age of the candidate should be 21 years and the maximum age should be 60 years
3. Individuals who have had a job for at least 2 years, with a minimum of 1 year with the current employer are eligible
4. Minimum Annual Income should be Rs 2,50,000

For Self-Employed:-

1. The Minimum age of the candidate should be 21 years and the maximum age should be 60 years
2. Only Individuals who have been in business for a minimum of 3 years are eligible
3. An Individual  should earn at least Rs 2,50,000 per anum
4. This includes individuals  who own a private company in the business of manufacturing, trading, or services

Used Car Loan for Major Car Manufacturers in Atmakur

TABLE WILL APPEAR

Processing Fees / Prepayment Charges on Used Car Loan Atmakur

CIBIL Score Required for Used Car Loan in Atmakur

The CIBIL score is referred to as what defines your ability to pay off your credits. A higher credit score means good credit history and makes your car loan application process smooth and easy to be processed. Mostly, banks and NBFCs consider a credit score of 720 and above as a good score to approve your loan application process Atmakur.

This score may again vary from bank to bank. In case of a low CIBIL score than the required value, you will be required to pay a high rate interest rate on the loan amount while if your CIBIL score is good then you may have to pay a low rate of interest. Thus, a CIBIL score is an important factor in a car loan.

Used Car Loan Atmakur Contact Number

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

Pre Calculated EMI Table for Car Loan Atmakur

Used Car Loan EMI Calculator

About Atmakur

Atmakur is a town in the Kurnool district of Andhra Pradesh, India. It’s located at a distance of 50 km from Nandyal, 70 km from Kurnool, and 110 km from Srisailam.

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