Used Car Loan Kolkata

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All about Used Car Loan Kolkata

Used Car Loan Kolkata

Are you fed up of driving the same car for a long time? Do you want to get a new model but do not want to spend much on that? Change your cars frequently by investing money in Used Cars and fulfill your desires. We will provide you Used Car Loan Kolkata on least interest rate and easy documentation in no time — Avail Used Car Loan from DialaBank on easy terms and conditions.

Eligibility Criteria for Used Car Loan Kolkata

Salaried:

  1. Initially, the minimum age to get a loan is 21 years, and the maximum age cannot be more than 60 years.
  2. After that, the minimum income should be at least Rs. 24,000 per month.
  3. 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.

Self Employed:

  1. First of all, the minimum age to apply for this type of loan is 30 years.
  2. After that, the maximum age can reach up to 60 years, not more than that.
  3. Moreover, the minimum ITR of Rs. 250,000 for the last two years should be filled.
  4. 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 Kolkata

Following are the documents required for Used Car Loan:

  1. Identity Proof: Aadhar Card, Voters ID card, PAN Card, Copy of Passport, Driving License.
  2. Income Proof: For Salaried, latest salary slip of 3 months/ For Self-Employed, copy of ITR filed of last 2 years.
  3. Bank Statement: Copy of active bank statement of last 6 months.
  4. Address Proof: Aadhar Card, Electricity Bill (if tenant), Passport Copy, Driving License, Voters ID Card.

Interest Rate to avail Used Car Loan Kolkata

The interest rate charged on a Used Car Loan 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 Kolkata

  1. Initially, the minimum amount of credit that can be incurred by the borrower is Rs. 1 lakh.
  2. Likewise, the CIBIL score needs to be more than 700.
  3. Furthermore, Used Car Loan Kolkata is valid only for the car models which were launched after 2013.
  4. Likewise, the loan amount is given for a time period of 12 months (1 year) to 60 months (5 years).
  5. Most importantly, the loan amount gets disbursed by bank in 48 hours.
  6. Besides that, anyone who is having CIBIL 0, 1, -1 is also eligible for the loan.

Benefits of Used Car Loan Kolkata

  1. The best part about Used Car Loan Kolkata is that there are no hidden charges.
  2. It is instantly available.
  3. Meanwhile, a flexible monthly repayment option is available.
  4. There are affordable Interest Rates.
  5. Furthermore, Used Car Loan Kolkata is easily and quickly accessible.

Why should you choose DialaBank for Used Car Loan Kolkata?

  1. We provide a loan with the least interest rates and with hassle free documentation process.
  2. Further, with our relationship manager, you will be able to avail the best in market loan to value ratio.
  3. Dialabank Used Car Loan is one of the best options that allow an individual to buy a car at a nominal amount.
  4.  Apply now on our official website for instant approval and faster processing of your car loan.

How to Apply for Used Car Loan Kolkata Online?

  1. Firstly, you need to visit our website  Dialabank
  2. Besides that, click on the car loan option displayed on the front page of our website.
  3. In addition to that, fill an application form with all your required details and apply for a car loan.
  4. Noticeably, mention your contact information.

About Kolkata

Kolkata is in the state of West Bengal. The final population was 4,496,694 people, as per the report of 2011 census. Kolkata has its literacy rate as 87.14%, which exceeds the national average of 74%.

Used Car Loan Providers (Click to Apply)

  1. HDFC Car Loan
  2. Kotak Mahindra Car Loan
  3. Yes Bank Car Loan
  4. Axis Bank Car Loan

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