Used Car Loan Bellary

Best Banks for Used Car Loan in Bellary

Used Car Loan Bellary Features

• Avail maximum amount of up to Rs. 2.5 crore
• Get a 100% loan amount of the car price
• At loan maturity, the car’s age should not exceed 10 years
• Avail loan amount up varies from 3 to 6 times of your annual income
• Provision of personalized assistance
• Get customized and convenient repayment plans with reasonable value
• Maximum loan tenure duration is up to 5 years for a pre-owned car
• Quick and smooth processing
• Get your second-hand car approval faster
• Loan amount disbursed quickly
• Quick and easy documentation
• Get a loan amount of up to 85% of the car value without proof of income
• Get benefit from end-to-end advising

Used Car Loan Bellary Interest Rates

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

Used Car Loan Bellary Documents Required

The documents required for a used car loan in Bellary is different for Salaried and Self Employed applicants:

For Salaried:

Any of the following documentation required for identity and residence proof:

• Valid Passport
• Voter ID Card
• Permanent Driving License
• Job Card
• Letter issued by the National Population Register

The following documents for income proof:

• Latest Salary Slip
• Latest Form 16/Latest ITR
• Bank statement of last 6 months

Any of the following document required for signature proof:

• Passport Copy
• Photo Driving License with DOB
• Credit card statement with Credit Card Copy
• Banker’s verification

For Self Employed:

1. For age proof, the documents required are Memorandum and Articles of Association/Certificate of Incorporation
2. For identity proof, the documents required are Memorandum and Articles of Association/Certificate of Incorporation
3. For Income Proof, there is a requirement of Latest ITR and balance sheet with profit and loss account
4. Address Proof Documents(Anyone): Memorandum and Articles of Association, Certificate of Incorporation, Telephone Bill, Electricity Bill
5. For Sign Verification Proof: Passport Copy, Photo Driving License with DOB, Credit Card Statement, Banker’s Verification

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 Bellary Eligibility Criteria

For Salaried:-

1. Minimum age: 21 years
2. Maximum age at loan maturity: 60 years
3. Minimum employment required: 1 year in the current job and a minimum of 2 years of job
4. Minimum Yearly Income: Rs. 2,50,000 net yearly income

For Self-Employed:-

1. Minimum age: 21 years
2. Maximum age at loan maturity: 60 years
3. Minimum employment: 3 years
4. Minimum Annual Income: Rs. 2,50,000 per annum

The following type of firm are also eligible to take a pre-owned car loan in Bellary:

• Sole Proprietorship
• Partnership Firms
• Public Limited Companies
• Hindu Undivided Family

How to Apply for Used Car Loan in Bellary?

Availing a Used Car Loan in Bellary is an easy and smooth process with Dialabank. Follow the following steps to get the best offers:

• Visit our website Dialabank
• Press on the car loan option accessible in the menu
• Fill in the details about the car type and your earning
• Our relationship manager will get in contact with you on your provided phone number.
• You may also contact our relationship managers on the number 9878981166 if you have any queries regarding the used car loan.
• For availing a car loan offline you should have to visit the bank branch personally, which might turn to be hectic for you.

Used Car Loan for Major Car Manufacturers in Bellary

TABLE WILL APPEAR

Processing Fees / Prepayment Charges on Used Car Loan in Bellary

CIBIL Score Required for Used Car Loan in Bellary

The CIBIL score refers to what defines your ability to pay off your credits. A higher Credit score means good credit history and makes your Used Car Loan Bellary application process hassle-free and easy to be processed. Mostly, banks and NBFCs consider a good credit score to approve your loan application process in Used Car Loan Bellary.

The CIBIL score required for availing a loan for a used car or second-hand cars in Bellary is 720 and above. Those who have a minimum CIBIL score of 720 is eligible for getting a pre-owned car loan in Bellary. This score may again differ from bank to bank. In case of a low CIBIL score than the required score, you will be required to pay a high rate of interest on the loan amount while if your CIBIL score is good then you may have to pay a low-interest rate. Thus, a CIBIL score is an important factor for getting a Used Car Loan Bellary.

Used Car Loan Bellary Contact Number

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

Pre Calculated EMI Table for Used Car Loan Bellary

Used Car Loan EMI Calculator Bellary

About Bellary

Bellary, formally Ballari, in the Bellary district, is a principal city in the state of Karnataka, India. Bellary has an urban community of 4,10,445 and a metro community of 7,70,929 making it one of the most populated cities of Karnataka.

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