All About Used Car Loan Khandwa
Are you looking to buy a fancy expensive car in a limited budget? A used car loan is the best and a reliable option in the market, which will help you buy the car of your choice. Get the loan quickly and hassle-free and enjoy driving your car home.
A 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 Khandwa
The interest rate for used cars is 14.00% reducing. Like if you avail the loan of 4 lacs and pay 2 lacs, then the interest would be on the remaining 2 lacs only.
Eligibility Criteria for Used Car Loan Khandwa
- Minimum age 21 years
- Maximum age 65 years
- Minimum employment 1 year in present company and a minimum of 2 years of work in total.
- Minimum monthly income should be Rs 24,000.
- Minimum age 30 years. 25 years if you have earning co-applicant.
- Maximum age 60 years
- Minimum employment at least two years in business
- Minimum ITR filed should be 2.5 lakhs annually for two consecutive years.
Why should one choose Used Car Loan Khandwa?
- 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 Khandwa
- 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 Khandwa
- 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 Khandwa?
- Visit dialabank
- Firstly, you need to visit our website Dialabank.
- Provide all your information including your phone number.
- You will recieve a phone call from our experts and they will guide you further.
Khandwa is a city and a district in the Nimar region in the state of Madhya Pradesh . It has a population of 2.01 lakhs.
Used Car Loan Providers
Table of Contents
- 1 All About Used Car Loan Khandwa
- 1.1 Interest Rates for Used Car Loan Khandwa
- 1.2 Eligibility Criteria for Used Car Loan Khandwa
- 1.3 Salaried Individuals
- 1.4 Self-Employed
- 1.5 Why should one choose Used Car Loan Khandwa?
- 1.6 Documents for Used Car Loan Khandwa
- 1.7 Additional Information for Used Car Loan Khandwa
- 1.8 Why should you choose DialaBank for a used car loan?
- 1.9 How to apply for Used Car Loan Khandwa?
- 1.10 About Khandwa
- 1.11 Used Car Loan Providers