Best Banks For Used Car Loan In Palanpur
Used Car Loan Palanpur Features
Thinking about buying a used vehicle? But don’t they have the required funds for it? Don’t worry! A used best car loan is a form of financing or financial assistance provided to borrowers at a reasonable rate of interest by banks and NBFCs to help them purchase a car.
As used cars have become a necessity for everyone, the cost of used cars is rising increasingly on a daily basis. This is where a used car loan comes into play and satisfies your need to be the owner of the used car of your dream. In Palanpur, the main features of a used car loan are:
- Experience clear, trouble-free production, prompt approvals, and fast disbursements
- Track your application anywhere, anywhere. Get status updates at every phase of your loan application
- Enjoy doorstep service and fast and clear documentation
- Obtain 80% of the car’s worth as a loan sum for 3 years without evidence of income
Terms & conditions apply, offers on specific models only.
Visit Dialabank to know more about Used Car Loan Palanpur.
Used Car Loan Palanpur Interest Rates
To check Car Loan Interest Rate for all major banks you can visit: Car Loan Interest Rates
Used Car Loan Palanpur Documents Required
For Salaried Individual:
Any of the following documents required for car loan as identity & Address Proof:
- Valid Passport
- Permanent Driving license [recent, legible, laminate]
- Letter issued by the National Population Register containing details of name & address
- Voters ID Card
- Job card issued by NREGA
All the following documents as proof of income:
- Latest Salary Slip
- Latest Form 16/Latest ITR
- Bank Statements for the previous 6 months
Any of the following for sign verification proof:
- Credit Card Statement with Credit Card Copy
- Banker’s Verification
- Passport Copy
- Photo Driving License with DOB (recent, legible, laminated)
- Copy of Margin Money Paid to the Bank
For Self Employed**:
Age proof: Memorandum and Articles of Association/Certificate of Incorporation.
Identity proof: Memorandum and Articles of Association/Certificate of Incorporation.
Income proof: Latest ITR and audited balance sheet along with profit & loss account.
Any of the following documents as address proof:
- Telephone Bill
- Memorandum and Articles of Association
- Certification of Incorporation
- Electricity Bill
Any of the following for sign verification proof:
- Passport Copy
- Credit Card Statement with Credit Card Copy
- Banker’s Verification
- Photo Driving License with DOB (recent, legible, laminated)
- Copy of Margin Money Paid to the Bank.
**The following type of companies can also apply for a Used Car Loan Palanpur:
- Sole Proprietorship
- Partnership Firms
- Private Limited Companies
- Public Limited Companies
Used Car Loan Palanpur Eligibility Criteria
The following people are eligibility for Car Loan:
Salaried Individual:
- The applicant must be: Who is a doctor, CAs, private limited company employee, employees from public sector undertakings including central, state, and local bodies.
- Age Range: Individuals who are a minimum of 21 years of age when applying for the loan, and a maximum of 60 years of age at the end of the loan tenure
- Minimum Work Experience: Individuals who at least have had a job for 2 years, with a minimum of 1 year with the present employer.
- Minimum Earning: Those who earn a minimum of Rs. 2,50,000 per year., The income of the spouse can be considered as one with the applicant’s income.
Self Employed***:
- This includes individuals who own a private company in the business of manufacturing, trading, or services
- Rs. 2,50,000 per annum should be a minimum earning.
- Individuals who have an office landline.
***The following type of companies are also eligible for a Used Car Loan Palanpur:
- Sole Proprietorship
- Partnership Firms
- Private Limited Companies
- Public Limited Companies
Used Car Loan For Major Car Manufacturers In Palanpur
TABLE WILL APPEAR
Processing Fees / Prepayment Charges On Used Car Loan In Palanpur
Pre Calculated EMI Table For Used Car Loan Palanpur
Used Car Loan EMI Calculator
About Palanpur
Palanpur is a city in the Banaskantha district in Gujarat. Palanpur is the administrative headquarters of the district. It is the ancestral home to an industry of Indian diamond merchants.
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