Used Car Loan Karur

Best Banks for Used Car Loan in Karur

Used Car Loan Karur Features

Don’t have the required money to buy a new car? Then buying a used car can also be a good option. There are loans available for used cars as well. Getting a car loan is always a good option when you run out of the budget. These loans are available at a low rate of interest. The documentation process is also very easy and quick.

The main features of a car loan in Karur are:

• Experience pocket-friendly EMIs
• Almost all major banks and NBFCs offer car loans in Karur
• You can get personalized help to choose a car.
• Repayment plans are customized and convenient.
• Car loans are easily available through DialaBank

Used Car Loan Karur Interest Rate

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

Used Car Loan Karur Documents Required

For Salaried:

• Identity & Address Proof: Valid Passport, Permanent Driving license [recent, legible, laminate], Voters ID Card, Job card issued by NREGA, Letter issued by the National Population Register containing details of name & address

• Income proof: Latest Salary Slip, Latest Form 16/Latest ITR, Last 6 months bank statement

• Sign verification proof: Passport Copy, Photo Driving License with DOB (recent, legible, laminated), Credit Card Statement with Credit Card Copy, Banker’s Verification, Copy of Margin Money Paid to the Bank

For Self Employed:

• Age proof: Memorandum and Articles of Association/Certificate of Incorporation
• Identity proof: Memorandum and Articles of Association/Certificate of Incorporation
• Income Proof: Latest ITR and audited balance sheet along with profit & loss account
• Address proof:- Memorandum and Articles of Association, Certification of Incorporation, Telephone Bill, Electricity Bill

• Sign verification proof:- Passport copy, Photo Driving License with DOB (recent, legible, laminated), Banker’s verification, Copy of Margin Money Paid to the Bank

• 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 Karur Eligibility Criteria

For Salaried:-

1. This includes doctors, CAs, employees of private limited companies, employees from public sector undertakings, including central, state, and local bodies
2. The Minimum age of the candidate should be 21 years and the maximum age should be 60 years
3. Individuals who have had a job for at least 2 years, with a minimum of 1 year with the current employer are eligible
4. Minimum Annual Income should be Rs 2,50,000

For Self-Employed:-

1. The Minimum age of the candidate should be 21 years and the maximum age should be 60 years
2. Only Individuals who have been in business for a minimum of 3 years are eligible
3. The Individual  should earn at least Rs 2,50,000 per anum
4. This includes individuals  who own a private company in the business of manufacturing, trading, or services

Used Car Loan for Major Car Manufacturers in Karur

TABLE WILL APPEAR

Processing Fees / Prepayment Charges on Used Car Loan Karur

CIBIL Score Required for Used Car Loan in Karur

The CIBIL score is referred to as what defines your ability to pay off your credits. A higher credit score means good credit history and makes your car loan application process smooth and easy to be processed. Mostly, banks and NBFCs consider a credit score of 720 and above as a good score to approve your loan application process Karur.

This score may again vary from bank to bank. In case of a low CIBIL score than the required value, you will be required to pay a high rate interest rate on the loan amount while if your CIBIL score is good then you may have to pay a low rate of interest. Thus, a CIBIL score is an important factor in a car loan.

Used Car Loan Karur Contact Number

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

Pre Calculated EMI Table for Car Loan Karur

Used Car Loan EMI Calculator

About Karur

Karur District is one of the 38 districts in the Indian state of Tamil Nadu. The main town in Karur District is the city of Karur, which is also the district headquarters. This a district located centrally along the Kaveri and Amaravathi rivers.

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