Used Car Loan Mehsana

Best Banks for Used Car Loan in Mehsana

Used Car Loan Mehsana Features

Want to buy a new car? But don’t have the required funds for it? No worries! A car loan is here for you. Since cars have become a necessity for everyone, but the cost of cars is growing rapidly daily. You can get your dream car even though you don’t have that much fund for it by applying for a car loan. The main features of a car loan in Mehsana are:

• Car loans are available at affordable interest rates
• Almost all major banks and NBFCs offer car loans in Mehsana
• Experience quick and easy documentation
• Car loans are easily available through DialaBank

Used Car Loan Mehsana Interest Rate

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

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Used Car Loan Mehsana Documents Required

Documents required for a car loan are as followed:

For Salaried:

• Any of the above documents will be required for identity and address proof:-Valid Passport, Permanent Driving license [recent, legible, laminate], Voters ID Card, Job card issued by NREGA and Letter issued by the National Population Register containing details of name & address.
• Any of these documents will be required as income proof:-Salary slip(Latest) and Latest 16/Latest ITR
• Any of these documents will be required as a sign verification proof:-Passport copy, Photo Driving License with DOB(recent, legible, laminated), Banker’s verification, Copy of Margin Money paid to the Bank and Credit Card Statement with Credit card copy

For Self Employed:

• Memorandum and Articles of Association/Certificate of Incorporation will be required as age proof
•  Memorandum and Articles of Association/Certificate of Incorporation will be  required as Identity proof
•  Latest ITR and audited balance sheet along with the profit & loss account will be required as Income proof
• Above documents are required for address proof:- Memorandum and Articles of Association, Certification of Incorporation, Telephone Bill, Electricity Bill
• Any of the above Documents are required for 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 Mehsana Eligibility Criteria

The car loan eligibility requirements are as followed:

For Salaried:-

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

For Self-Employed:-

1. For Self-Employed individual, the minimum age should 21 years
2. The maximum age at loan maturity should be 60 years
3. Those who have been in business for a minimum of 3 years
4. Minimum annual income should be Rs 2,50,000 per annum
5. This includes individuals  who own a private company in the business of manufacturing, trading, or services

Used Car Loan for Major Car Manufacturers in Mehsana

TABLE WILL APPEAR

Processing Fees / Prepayment Charges on Used Car Loan Mehsana

CIBIL Score Required for Used Car Loan in Mehsana

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 Mehsana.

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 Mehsana Contact Number

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

Pre Calculated EMI Table for Car Loan Mehsana

Used Car Loan EMI Calculator

About Mehsana

Mehsana, also spelled Mahesana, is a city and municipality in Mehsana district in Gujrat.This city is established in 14th century, the city was under Gaekwads of Baroda State from 18th century to the independence of India in 1947. The municipality was established in 1919–20. The town has population of about 185,000. Dairy, oil and natural gas are major industries while there are several small and medium enterprises in the city.

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