Best Banks for Used Car Loan in Bhavnagar
Used Car Loan Bhavnagar Features
Used Car Loan is available for you at attractive interest rates. Used Car Loan Bhavnagar provides you financial help for getting a loan for a pre-owned or used car.
The features of the used car loan in Bhavnagar are:
- Avail maximum loan amount of Rs. 2.5 crore
- Get a 100% loan amount of the car price
- At loan maturity, the car’s age must not exceed 10 years
- Avail loan amount up to 6 times of your yearly income
- Provision of personalized assistance
- Get customized and convenient repayment plans with affordable price
- Maximum loan tenure is up to 5 years for a pre-owned car
- Easy and smooth processing
- Get your second-hand car approval faster
- Loan amount disbursed rapidly
- Quick and easy documentation
- Get a loan amount of up to 85% of the car value without salary proof
- Get benefit from end-to-end advising
Used Car Loan Bhavnagar Interest Rates
To check Car Loan Interest Rate for all major banks you can visit: Car Loan Interest Rates
Used Car Loan Bhavnagar Documents Required
The documents required for car loan in Bhavnagar 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:
- For age proof, the documents required are Memorandum and Articles of Association/Certificate of Incorporation
- For identity proof, the documents required are Memorandum and Articles of Association/Certificate of Incorporation
- For Income Proof, there is a requirement of Latest ITR and balance sheet with profit and loss account
- Address Proof Documents(Anyone): Memorandum and Articles of Association, Certificate of Incorporation, Telephone Bill, Electricity Bill
- 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 Bhavnagar Eligibility Criteria
The car loan eligibility requirements are as followed:
For Salaried:-
- Minimum age: 21 years
- Maximum age at loan maturity: 60 years
- Minimum employment: 1 year in the current job and 2 years of employment
- Minimum Annual Earnings: Rs 2,50,000 net annual income
- Doctors, CAs, employees of private limited companies, employees from public sector undertakings, including central, state, and local bodies comprises in used car loan.
For Self-Employed:-
- Minimum age: 21 years
- Maximum age at loan maturity: 60 years
- Minimum employment: 3 years
- Minimum Annual Income: Rs, 2,50,000 per annum
- This includes appliers who own a private company in the business of manufacturing, trading, or services
- Appliers who have an office landline
The following type of firm are also eligible to take a pre-owned car loan in Bhavnagar:
- Sole Proprietorship
- Partnership Firms
- Public Limited Companies
- Hindu Undivided Family
How to Apply for Used Car Loan in Bhavnagar?
Availing a Used Car Loan in Bhavnagar is an easy and smooth process with Dialabank. Follow the following steps to get the best offers:
- Visit our website Dialabank.
- Click on the car loan option accessible in the menu
- Fill the details about the type of car and your income
- Wait as our relationship manager will get in contact with you on your provided number.
- Also, you can contact our relationship managers at 9878981166 in case of any queries regarding the used car loan.
- For availing a car loan offline you will have to visit the bank branch personally, which might turn to be hectic for you.
Used Car Loan for Major Car Manufacturers in Bhavnagar
TABLE WILL APPEAR
Processing Fees / Prepayment Charges on Used Car Loan in Bhavnagar
CIBIL Score Required for Used Car Loan in Bhavnagar
The CIBIL score is referred to as what defines your potential to pay off your credits. A higher Credit score means good credit history and makes your Used Car Loan Bhavnagar 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 Bhavnagar.
The CIBIL score required for availing a loan for a used car or second-hand cars in Bhavnagar is 720 and above. Those who have a minimum CIBIL score of 720 is eligible for getting a pre-owned car loan in Bhavnagar. This score may differ from bank to bank. In case of a low CIBIL 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 Bhavnagar.
Used Car Loan Bhavnagar Contact Number
In case of any queries regarding the used car loan in Bhavnagar, you may contact the number 9878981166 for any sort of assistance.
Pre Calculated EMI Table for Used Car Loan Bhavnagar
You can calculate your EMI here: Car Loan EMI Calculator
Used Car Loan EMI Calculator Bhavnagar
About Bhavnagar
Bhavnagar is a city in the Bhavnagar district of the Saurashtra region of Gujarat state, India. It is also famous for its popular Gujarati snack ‘Ganthiya’.
Used Car Loans in Other Cities
| Used Car Loan Godhra | Used Car Loan Memnagar |
| Used Car Loan Dahod | Used Car Loan Mundra |
| Used Car Loan Gandhinagar | Used Car Loan Morbi |
| Used Car Loan Lunawada | Used Car Loan Anjar |
