All about Used Car Loan Keelakarai
Car is an important asset in today’s time. But sometimes owning a new car becomes difficult due to lack of finance, but you can own a used car. Owning a used car has become very easy now at affordable interest rates. A Used Car Loan Keelalarai is the best option to buy a car if you have limited finance. You just need to be eligible for the loan. Documents required for a used car loan may differ as per the profiles.
Eligibility Criteria for Used Car Loan Keelakarai
- Initially, the minimum age to get a loan is 21 years, and the maximum age cannot be more than 60 years.
- After that, the minimum income should be at least Rs. 24,000 per month.
- Moreover, 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.
- After that, the maximum age can reach up to 60 years, not more than that.
- Moreover, the minimum ITR of Rs. 250,000 for the last two years should be filled.
- Besides that, ITR is mandatory for an independent person.
Note: If the borrower wants to avail used car loan 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 Keelakarai
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 Keelakarai
The interest rate charged on Used Car Loan Keelakarai 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 about Used Car Loan Keelakarai
- 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 Keelakarai
- The best part about Used Car Loan Keelakarai is that there are no hidden charges.
- Used Car Loan Keelakarai is instantly available.
- Meanwhile, a flexible monthly repayment option is available.
- There are affordable Interest Rates.
- Furthermore, Used Car Loan Keelakarai is easily and quickly accessible.
Why should you choose DialaBank for Used Car Loan Keelakarai?
- 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.
- Dialabank Used Car Loan is 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 Keelakarai Online?
- 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.
Keelakarai is a small village in Ramanathapuram District in the state of Tamil Nadu, India. It is placed 10 KM from District head quarters Ramanathapuram, and 526 KM away from State capital Chennai. The native language used here is Tamil. The total population is 3628 and number of houses are 843, as per the 2011 census.
Used Car Loan Providers (Click to Apply)
Table of Contents
- 1 All about Used Car Loan Keelakarai
- 2 Eligibility Criteria for Used Car Loan Keelakarai
- 2.1 Documents Required for Used Car Loan Keelakarai
- 2.2 Interest Rate to avail Used Car Loan Keelakarai
- 2.3 Additional Information about Used Car Loan Keelakarai
- 2.4 Benefits of Used Car Loan Keelakarai
- 2.5 Why should you choose DialaBank for Used Car Loan Keelakarai?
- 2.6 How to Apply for Used Car Loan Keelakarai Online?
- 2.7 About Keelakarai
- 2.8 Used Car Loan Providers (Click to Apply)