All About Used Car Loan Katra
If you are looking for a car on a limited budget, yet you don’t want to compromise on any factor of the car, then a used car loan will help you get exactly what you are looking for. It is a financial help by the commercial banks and NBFCs to all the customers. Get the loan quickly with Dialabank used car loan.
A used car loan is a financial aid offered to the customers by commercial banks and NBFCs. The banks provide the funding for purchasing the vehicle. You get the lowest interest rates with minimal documentation.
Interest Rates for Used Car Loan Katra
The interest rate for used cars is 14.00% reducing. Like if you avail the loan for 4 lacs and pay 2 lacs, then the interest would be on the remaining 2 lacs only.
Eligibility Criteria for Used Car Loan Katra
- The minimum age should be 21 years
- Maximum age can be 65 years
- The minimum employment should be 1 year in present company and a minimum of 2 years of work in total.
- Minimum monthly income should be Rs 24,000.
- The Minimum age 30 years. 25 years if you have earning co-applicant.
- Maximum age can be 60 years
- The minimum working business must be 2 years
- Minimum ITR filed should be 2.5 lakhs annually for two consecutive years.
Why should one choose Used Car Loan Katra?
- Easy repayment options.
- Instant funding/ quick disbursal.
- Loan Tenure varies from 1 to 7 years.
- Affordable rate of Interest
- Easily and hassle free documentation.
- No hidden charges.
Documents for Used Car Loan Katra
- Identity Proof: Passport copy, PAN Card, Voters ID card, Driving License, Aadhar Card
- Income Proof: For Salaried Latest 3 months salary slip and 6 months bank statement. For Self- Employed Last 2 ITR filed and 6 months bank statement.
- Address Proof: Ration card / Driving license / Voters card / Passport Copy / Telephone Bill / Electricity Bill / Life Insurance Policy / PAN Card / Aadhar Card
- Bank Statement: Bank statements for the last six months is also required.
Additional Information for Used Car Loan Katra
- The CIBIL of the applicant needs to be more than 700.
- The loan tenure is from 12 months to 60 months.
- The minimum amount of credit that can be claimed by the applicant is Rs. 1 lakh.
- The persons having CIBIL 0, 1, -1 is also considered for the loan.
Why should you choose DialaBank for a used car loan?
- Dialabank offers you a car with the lowest interest rates and with hassle free documentation.
- Dialabank Used Car Loan is one of the best options that allow an individual to buy a car.
- We offer car loans up to up to 5 years tenure.
- Apply now on our official website for instant approval and faster processing.
How to apply for Used Car Loan Katra?
- Visit dialabank
- Go to the loan section and select auto loan followed by car loan link.
- Provide all your information including your phone number.
- You will recieve a phone call from our experts and they will guide you further.
Katra is a small town in Reasi district in the state of Jammu and Kashmir. It is a hindu holy shrine, so a popular tourist destination. It has a population of 9,008.
Used Car Loan Providers
Table of Contents
- 1 All About Used Car Loan Katra
- 1.1 Interest Rates for Used Car Loan Katra
- 1.2 Eligibility Criteria for Used Car Loan Katra
- 1.3 Salaried Individuals
- 1.4 Self-Employed
- 1.5 Why should one choose Used Car Loan Katra?
- 1.6 Documents for Used Car Loan Katra
- 1.7 Additional Information for Used Car Loan Katra
- 1.8 Why should you choose DialaBank for a used car loan?
- 1.9 How to apply for Used Car Loan Katra?
- 1.10 About Katra
- 1.11 Used Car Loan Providers