Best Banks for Used Car Loan in Bargarh
Used Car Loan Bargarh Features
Thinking of purchasing a used car? But don’t have the required funds for it? Do not worry! A used car loan is here for you. A used car loan is a means of funding or financial help provided by banks and NBFCs to the applicants at an affordable rate of interest to aid them in buying a used car.
Since used cars have become a necessity for everyone, but the cost of used cars is growing rapidly daily. This is where a used car loan comes into play and fulfills your desire to be the owner of your dream used car. The main features of a used car loan in Bargarh are:
- Personalized help and advisory by our highly trained experts to choose a car that meets your wants.
- You can get a loan up to Rs.2.5 crore on the said car’s value.
- Get 85% of the value of the car as a loan amount for 5 years without income proof verification.
- Enjoy doorstep service and easy documentation for our customers.
Used Car Loan Bargarh Interest Rate
To check Car Loan Interest Rate for all major banks you can visit: Car Loan Interest Rates
Used Car Loan Bargarh Documents Required
Here are the documents required–
For Salaried:-
- Identity Proof: Valid Passport, Permanent Driving license, Letter issued by the National Population Register mentioning name & address, Voters ID Card, Job card provided by NREGA
- Income Proof: Latest Salary Slip, Bank Statements for the last 6 months, Latest Form 16/ Latest ITR
- Address Proof: Driving license / Voters card / Passport Copy / Telephone Bill / Ration card / Electricity Bill / Life Insurance Policy /PAN Card
- Bank Statement: Last 6 months.
For Self Employed:-
- Identity Proof: Certificate of Incorporation/Memorandum and Articles of Association.
- Income Proof: Latest ITR and audited balance sheet with profit & loss account.
- Address Proof: Telephone Bill, Electricity Bill, Memorandum and Articles of Association, Certification of Incorporation
- Bank Statement: Last 6 months.
Used Car Loan Bargarh Eligibility Criteria
For Salaried:-
- Minimum age: 21 years
- Maximum age at loan maturity: 60 years
- Minimum employment:minimum of 2 years and a minimum of 1 year with the current employer.
- Minimum Annual Income: People earning a minimum of Rs. 2,50,000 annually, the income of the spouse can be considered as included with the candidate’s income.
For Self-Employed:-
- Minimum age: 25 years
- Maximum age at loan maturity: 65 years
- Minimum employment: at smallest 3 years in sales
- Minimum Annual Income: Rs. 2,50,000 per year should be a minimum remuneration.
How to Apply for Used Car Loan in Bargarh?
Availing a used car loan Bargarh is an easy process with DialaBank. Follow the following steps to avail the best offers:
- Visit our website Dialabank
- Click on the used car loan option available in the menu
- Fill in the details regarding the used car type and your income
- Wait as our relationship manager will soon get in touch with you on your provided number.
- You may also contact our relationship managers on the number 9878981166 in case of any queries regarding the loan.
- For availing a used car loan offline you will have to visit the branch personally, which might turn to be hectic for you.
Used Car Loan for Major Used Car Manufacturers in Bargarh
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Processing Fees / Prepayment Charges on Used Car Loan Bargarh
CIBIL Score Required for Used Car Loan in Bargarh
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 used car loan application process smooth and easy to be processed. Mostly, banks and NBFCs consider a credit score of 750 and above as a good score to approve your loan application process in Bargarh.
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 used car loan.
Used Car Loan Bargarh Contact Number
In case of any queries regarding the used car loan in Bargarh, you may contact on the number 9878981166 for any sort of assistance.
Pre Calculated EMI Table for Used Car Loan Bargarh
About Bargarh
Bargarh is famous for the Dhanu Jatra annual festival, which draws a lot of visitors worldwide. Dhanu Jatra or Dhanuyatra, held every winter, is Krishna Leela’s open stage reinterpretation, with apparently the entire town as a stage.
Used Car Loan EMI Calculator