Used Car Loan Banda

Best Banks for Used Car Loan Banda

Used Car Loan Banda Features

Are you looking for trouble-free finances for your dream car but hesitate due to complex documentation?

Don’t worry! with Dialabank a Used Car Loan is the simplest. Approve your Used Car Loan Banda most simply and make your desire of owning a car come true with Dialabank.

With Dialabank you are just a few easy steps away from availing a Used Car Loan in your city without stressing over unnecessary formalities.

With the easiest loan approval and processing, the desire to own a car is no more forbidden. So what are waiting for? Get the car of your choice in a few easy steps with attractive deals in your city.

• Avail pocket-friendly Used Car Loans up to 2.5 crores on a wide range of used cars.
• Also, get Personalized help to get the used car of your choice from research to loan processing.
• Flexible loan tenure ranging from 12 months to 84 months.
• You get choose your repayment plan at your convenience.
• Doorstep service with simple documentation.
• Transparent and hassle-free loan processing.
• Track your application anytime, anywhere. Get status updates about your loan application at every stage of the loan processing.

Used Car Loan Banda Interest Rate

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

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Used Car Loan Banda Documents Required

Mandatory documents for Used Car Loan Banda:

Salaried Individuals:

1. Proof of address and identity can be any of the following:

• Valid Passport
• A 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 of the applicant

2. Proof of income can be any of the following:

• Latest Salary Slip
• Latest Form 16

3. For signature verification any of the following can be applied:

• The Passport Copy
• Photo Driving License with DOB (recent, legible, laminated)
• Credit Card Statement with Credit Card Copy
• Banker’s Verification

Self-employed Individual

1. Address proof can be any of the following:

• The Memorandum and articles of association
• Electricity Bill
• Telephone Bill
• Certificate of incorporation

2. For address verification any of the following can be used:

Passport copy/ driving license copy with DOB/ Credit card statement with credit card copy/ Banker’s verification / Copy of Margin money paid to the bank.

3. Memorandum and Articles of Association/Certificate of Incorporation as age proof of the applicant.

4. Memorandum and Articles of Association/Certificate of Incorporation as identity proof.

5. The Latest ITR and audited balance sheet along with profit & loss account as proof of income.

Used Car Loan Banda Eligibility Criteria

Compulsory criteria for availing Used Car Loan Banda:

Salaried Individuals:

1. The applicant must be an employee of  the Pvt. Ltd. company, doctor, CA, lawyer, public sector undertaking that includes local, state, or central bodies.
2. The applicant should be of a minimum of 21 years of age while applying for a loan and a maximum of 60 at the time of tenure closure of the loan.
3. An employment experience of 2 years in any company along with documented proof of 1-year employment in the current company.
4. The income criteria are the individual should earn a minimum of 2,50,000 per annum inclusive of the spouse’s earning is mandatory for Used Car Loan Banda.

Self Employed Individuals:

1. The applicant must be the sole proprietor of the organization that he/she operates.
2. Should earn at any rate Rs. 2,50,000 for every annum.
3. The individuals should have either a residence or a company’s telephone line.

Used Car Loan for Major Car Manufacturers in Banda

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Processing Fees / Prepayment Charges on Used Car Loan Banda

Pre Calculated EMI Table for Used Car Loan Banda

Used Car Loan EMI Calculator