Best Banks for Used Car Loan in Gudur
Used Car Loan Gudur Features
All the concerns of financial strain go away by getting a loan for ownership of used vehicles. A borrower can easily take advantage of a used car loan in Gudur at a very competitive and low-interest rate payable. Even the EMIs are easy to maintain and are considered effective. Any advance applicant can borrow approximately Rs. 2.5 crores and also 100 percent of the appropriate car sum to be 3-6 percent of the loan amount by estimated income salary.
Some of Gudur other prominent used car loan features include:
- Hassle-free service and smooth process.
- Quick-use loans for used cars are eligible.
- Simple document delivery services from your doorstep.
- Up to 85 percent of the car’s value as a 5-year loan sum, and that too without any evidence of profits.
Used Car Loan Gudur Interest Rate
Check the latest interest rates of used car loan at dialabank
To check Car Loan Interest Rate for all major banks you can visit: Car Loan Interest Rates
Used Car Loan Gudur Documents Required
These are the documents required for used Car loan-:
For Salaried:-
Identity & Address Evidence of any of the following documents:
- Passport: True
- Permanent [recent, legible, laminated] driving license
- The letter provided by the National Register of Population containing name & address information
- ID Card for Voters
- NREGA job card released
As evidence of income all the following records are:
- Latest Slip in Pay
- Recent Form 16 / Return on Income Tax (ITR)
- Statements of the banks for the last 6 months
Any of the following for confirmation of sign verification:
- Credit Card Copy Statement by Credit Card
- Verification from the banker
- Copy Passport
- Picture Driving License (recent, legible, laminated) with DOB
- Copy of the Bank’s Margin Money Paid
For Self Employed:-
- Age proof: Memorandum of Association and Articles / Certificate of Incorporation.
- Identity proof: Association Memorandum and Articles / Certificate of Incorporation.
- Income proof: the new ITR and audited balance sheet along with the statement of profit & loss.
Any of the following papers as proof of address:
- Telephone Recharge
- Association Memorandum and Papers
- Incorporation Qualification
- Bill on Electricity
Any of the following for confirmation of sign verification:
- Copy Passport
- Credit Card Copy Statement by Credit Card
- Verification from the banker
- Picture Driving License (recent, legible, laminated) with DOB
- Copy to the Bank of the Margin Money Paid.
Used Car Loan Gudur Eligibility Criteria
This is the eligibility criteria needed for used car loan:
For Salaried:-
- Applicants must be doctors, CAs, employees of private limited firms, employees of public sector undertakings, including federal, state, and local authorities.
- Age range: Individuals who are at least 21 years of age while applying for a loan, and a maximum age 60 at the completion of the loan term
- Minimum Work Experience: Persons who have been working for at least 2 years with the present employer for at least 1 year.
- Minimum Earning: Those who earn at least Rs 2,50,000 per year, the spouse’s income may be considered one with the applicant’s income.
For Self-Employed:-
- This involves people who own a private company in the manufacturing, trading, or service sector.
- A loan applicant’s minimum earnings should be Rs. 2,50,000 annually.
- Individuals who have a landline office.
Used Car Loan for Major Used Car Manufacturers in Gudur
TABLE WILL APPEAR
Processing Fees / Prepayment Charges on Used Car Loan Gudur
Pre Calculated EMI Table for Used Car Loan Gudur
About Gudur
One of the major lemon markets in Andhra Pradesh is Gudur’s lemon market. The lemon market on the way to Chennur is located in Gudur 2 City. Gudur and the farmers of the nearby villages tend to grow the lemon trees. Lemons are shipped around the world and to other nations as well.
Note-: Check your CIBIL score for used car loan at dialabank
Used Car Loan EMI Calculator