All About Used Car Loan Karkal
A Used Car Loan is a financial service offered to customers by various banks and NBFCs. Banks provide Used Car Loan with very nominal interest rates. You need not do much for availing this loan as the documentation for a Used Car Loan Karkal is very easy and hassle-free. The car loan is disbursed within 48 hours.
Eligibility Criteria for Used Car Loan Karkal
- Initially, the minimum age to get a loan is 21 years, and the maximum age cannot be more than 60 years.
- Also, the minimum income should be at least Rs. 24,000 per month.
- Further, any government employee who is living in a rented house can also avail this loan.
Note: If a person is working in a non-government organization, then you are not eligible for this type of loan.
- First of all, the minimum age to apply for this type of loan is 30 years.
- Besides that, the maximum age can reach up to 60 years, not more than that.
- Likewise, the minimum ITR of Rs. 250,000 for the last two years should be filled.
- In addition to that, ITR is mandatory for an independent person.
Note: If the borrower wants to avail Used Car Loan Karkal and his/her age is 25 years, then co-applicant is necessary, and the co-applicant must be a working person.
Documents Required for Used Car Loan Karkal
Following are the documents required for Used Car Loan:
- Identity Proof: Aadhar Card, Voters ID card, PAN Card, Copy of Passport, Driving License.
- Income Proof: For Salaried, latest salary slip of 3 months/ For Self-Employed, copy of ITR filed of last 2 years.
- Bank Statement: Copy of active bank statement of last 6 months.
- Address Proof: Aadhar Card, Electricity Bill (if tenant), Passport Copy, Driving License, Voters ID Card.
Interest Rate to avail Used Car Loan Karkal
The interest rate charged on Used Car Loan Karkal is 14% of the total amount. This interest is applied on the basis of reducing method. For example, if you procure an investment of Rs.10 lacs and you have paid off Rs.4 lacs, then the interest would be charged at remaining 6lacs and not the entire amount of 10 lacs.
Additional Information for Used Car Loan Karkal
- Initially, the minimum amount of credit that can be incurred by the borrower is Rs. 1 lakh.
- Likewise, the CIBIL score needs to be more than 700.
- Furthermore, the loan is valid only for the car models which were launched after 2013.
- Likewise, the loan amount is given for a time period of 12 months (1 year) to 60 months (5 years).
- Most importantly, the loan amount gets disbursed by bank in 48 hours.
- Besides that, anyone who is having CIBIL 0, 1, -1 is also eligible for the loan.
Benefits of Used Car Loan Karkal
- The best part about this type of loan is that there are no hidden charges.
- Used Car Loan Karkal is instantly available.
- Meanwhile, a flexible monthly repayment option is available.
- There are affordable Interest Rates.
- Furthermore, this type of loan is easily and quickly accessible.
Why should one choose DialaBank for a Used Car Loan?
- We provide a loan with the least interest rates and with hassle free documentation process.
- Further, with our relationship manager, you will be able to avail the best in market loan to value ratio.
- Used Car Loan from Dialabankis one of the best options that allow an individual to buy a car at a nominal amount.
- Apply now on our official website for instant approval and faster processing of your car loan.
How to Apply for Used Car Loan Karkal?
- Firstly, you need to visit our website Dialabank
- Besides that, click on the car loan option displayed on the front page of our website.
- In addition to that, fill an application form with all your required details and apply for a car loan.
- Noticeably, mention your contact information.
Karkal is a city in Udupi District in the state of Karnataka, India. Tulu is the native language used here, but people also speak Kannada, Beary Bashe, Konkani, Hindi and English. The total population is 205,598 people who are living in 40,341 houses, covering a total of 859 villages and 30 panchayats.
Used Car Loan Providers (Click to Apply)
Table of Contents
- 1 All About Used Car Loan Karkal
- 1.1 Eligibility Criteria for Used Car Loan Karkal
- 1.2 Documents Required for Used Car Loan Karkal
- 1.3 Interest Rate to avail Used Car Loan Karkal
- 1.4 Additional Information for Used Car Loan Karkal
- 1.5 Benefits of Used Car Loan Karkal
- 1.6 Why should one choose DialaBank for a Used Car Loan?
- 1.7 How to Apply for Used Car Loan Karkal?
- 1.8 About Karkal
- 1.9 Used Car Loan Providers (Click to Apply)