Used Car loan Gangtok

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All About Used Car loan Gangtok

Car is a basic amenity that is needed by every family nowadays.But buying a car may cause burden on your budget,so you can always apply for a used car loan to buy a car and enjoy the freedom that comes with a vehicle.

Eligibility Criteria for Used Car Loan Gangtok

Salaried:

  1.  The minimum age required is 21 years, and maximum age needs to be 60 years.
  2. The minimum income should be Rs. 24,000 per month or above.a
  3. If there is any government employee and living in a rented house can also avail this loan.

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

Self Employed:

  1.  The minimum age required is 30 years.
  2.  The maximum age required is 60 years.
  3.  The minimum ITR of Rs. 2,50,000 for two years should be filed.
  4.   ITR is mandatory

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 Gangtok

Following are the documents required for Used Car Loan Gangtok :

  1. Identity Proof: Aadhar Card,PAN Card, Voters ID card, Copy of Passport, Driving License, .
  2. Address Proof: Aadhar Card, Passport Copy,Electricity ,Bill (if tenant), Driving License, Voters ID Card, .
  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.

Interest Rate for Used Car loan Gangtok

The interest rate for used cars is decresing at 14.00% per annum. Eg. If you have availed a loan of Rs 3,00,000 and after completion of one year you have to pay an amount of Rs.2,00,000 then 14% will be charged on this particular amount and same will be continued.

Additional Information for Used Car loan Gangtok

Used Car loan Gangtok

  1. The minimum amount of credit that can be incurred by the applicant is Rs. 1 lakh.
  2. The CIBIL score needed to be more than 700.
  3. The loan is valid only for the car models which are launched after 2013.
  4. The loan amount is given for a period of 12 months (1 year) to 60 months (5 years).
  5. Anyone is having CIBIL 0, 1, -1 are also eligible for the loan.
  6. The loan amount gets disbursed by bank in 48 hours.

Benefits of Used Car loan Gangtok

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

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  Gangtok

Gangtok is a city, the capital and the largest town of  Sikkim state in India. It  is the headquarters of the East sikkimdistrict. Gangtok is located in the eastern Himalayan range.

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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