Used Car Loan Bareilly

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Used Car Loan Bareilly

All About Used Car Loan Bareilly

Car is an easy mode of transportation. You don’t need to rely on public transport for travelling. But sometimes your budget doesn’t allow you to purchase a new car, so you can always apply for used car loan to buy a car and enjoy the freedom that comes with a car.

Eligibility Criteria for Used Car Loan Bareilly

An individual must examine the Eligibility criteria for car loan along with the process.


  1. Firstly, the minimum age of the applicant should be 21 years and the maximum age has to be 60 years.
  2. Further, the minimum income of the applicant should be Rs. 24,000 per month or above.
  3. If the applicant is a government employee and living in a rented house can avail of this loan.

Note: If the applicant is working in a non-government organization then you can’t apply for this loan.

Self Employed:

  1. Firstly, the minimum age of the applicant should be 30 years.
  2. Further, the maximum age of the applicant has to be 60 years.
  3. In this, the minimum ITR of Rs. 2,50,000 for two years should be filed.
  4. Here, ITR is compulsory.

Note: If the applicant wants to avail used car loan but the age is 25 years then co-applicant is necessary and the co-applicant must be a working person.

Documents Required for Used Car Loan Bareilly

An individual must check the documents required for a car loan before deciding.

Following are the documents required for Used Car Loan Bareilly:

  1. Identity Proof: Aadhar Card, Voters ID card, Copy of Passport, Driving License, PAN Card.
  2. Address Proof: Aadhar Card, Passport Copy, Driving License, Voters ID Card, Electricity Bill (if tenant).
  3. Income Proof: For Salaried, latest salary slip of 3 months/ For Self-Employed, copy of ITR filed of last 2 years.
  4. Bank Statement: Copy of active bank statement of last 6 months.
  5. In addition, a copy of the Registration Certificate and a copy of the Insurance of the vehicle is compulsory.

Interest Rate For Used Car Loan Bareilly

The interest rate for used cars is at a reducing 14.00% per annum. Eg. If you have availed of a loan of Rs. 4,00,000 and after completion of one year you have to pay an amount of Rs. 3,00,000 then 14% will be charged on this particular amount and the same will be continued.

For more information about car loan interest rate

Additional Information for Used Car Loan Bareilly

Used Car Loan Bareilly

  1. First of all, the CIBIL score needs to be more than 700.
  2. In this, the loan is available only for the car models which are launched after 2013.
  3. Likewise, the loan amount is given for a period of 12 months (1 year) to 60 months (5 years).
  4. In addition to this, the minimum amount of credit that can be claimed by the applicant is Rs. 1 lakh.
  5. Furthermore, persons having CIBIL 0, 1, -1 are also considered for the loan.
  6. Here, the loan amount gets disbursed by the bank in 48 hours.

Benefits of Used Car Loan Bareilly

  1. An easy monthly repayment option is available.
  2. Instantly available.
  3. Affordable Interest Rates.
  4. Easily and quickly available loans.
  5. There are no hidden charges.

Why should you choose DialaBank for a Used Car Loan?

  1. We offer you a loan with the lowest interest rates and with hassle-free documentation.
  2. Dialabank Used Car Loan is one of the best options that allow an individual to buy a car at an affordable amount.
  3. With our help, you will be getting the best in market loan to value ratio.
  4. Apply now on our official website for instant approval and faster processing of your car loan.

How to Apply for Used Car Loan Online?

  1. Firstly you need to visit our website DialaBank
  2. Click on the car loan option displaying on the website.
  3. After that, fill all the required details on site and apply for a car loan.
  4. Also, mention your contact information.

About Bareilly

Bareilly is a city as well as a district in Uttar Pradesh state, India.

Used Car Loan Providers (Click to Apply)

  1. HDFC Car Loan
  2. Kotak Mahindra Car Loan
  3. Yes Bank Car Loan
  4. Axis Bank Car Loan

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