Used Car Loan Pallikaranai

Best Banks for Used Car Loan in Pallikaranai

Used Car Loan Pallikaranai Features

The features of Used Car Loan Pallikaranai are as mentioned below:

• Flexible repayment tenures starting from 12 months to ease the burden.
• Car at loan maturity age shall not exceed 10 years, with a maximum loan tenure of 60 months.
• Personalized help and advisory by our highly trained experts to choose a car that meets your wants.
• You can get a loan up to Rs.2.5 crore on the said car’s value.
• Get 85% of the value of the car as a loan amount for five years without income proof verification.
• Enjoy doorstep service and easy documentation for our customers.
• You may also borrow up to 100% of the value of the car to the value of 3-6 times your annual remuneration.
• Convenient and customized repayment plans available with the easily payable instalments.

*Terms and Conditions Apply

Used Car Loan Pallikaranai Interest Rates

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

Used Car Loan Pallikaranai Documents Required

For Salaried Individuals:

For Identity and Address Proof:

• Valid Passport
• Permanent Driving license
• Letter issued by the National Population Register mentioning name and address
• Voters ID Card
• Job card provided by NREGA

For Income Proof:

• Latest Salary Slip
• Bank Statements for the last six months
• Latest Form 16/ Latest Income Tax Return

For Signature Verification Proof:

• Photo Driving License
• Credit Card Statement and its Copy
• Banker’s Verification
• Copy of Margin Money Paid to Bank
• Passport Copy

For Self Employed**:

Income proof: Latest Income Tax Return and audited balance sheet with profit and loss account.

Age proof: Certificate of Incorporation/Memorandum and Articles of Association.

Identity proof: Certificate of Incorporation/ Memorandum and Articles of Association.

For Sign Verification Proof:

• Credit Card Statement and its Copy
• Copy of Margin Money Paid to Bank.
• Passport Copy
• Banker’s Verification
• Photo Driving License

For Address Proof:

• Telephone Bill
• Electricity Bill
• Memorandum and Articles of Association
• Certification of Incorporation

**The following companies are also applicable for a Used Car Loan Pallikaranai as mentioned below:

• Sole Proprietorship
• Partnership Firms
• Private Limited Companies
• Public Limited Companies

Used Car Loan Pallikaranai Eligibility Criteria

The following people are eligible to apply for a Pre-Owned Car Loan in Pallikaranai:

Salaried Individual:

• Minimum Work Experience: Individuals who have job experience for a minimum of 2 years and a minimum of 1 year with the current employer.
• Minimum Earning: People earning a minimum of Rs. 2,50,000 annually, the income of the spouse can be considered as included with the candidate’s income.
• Age Limit: Individuals having the age of 21 years when applying for the loan, and a maximum of 60 years of age at the end of the loan maturity period.
• Professional practitioners a doctor, CAs, private limited company employee, employees from public sector undertakings including central, state, and local bodies.

Self Employed***:

• Individuals who own a private company in the business of manufacturing, trading, or service undertakings.
• Rs. 2,50,000 per year should be a minimum remuneration.
• Individuals who have an office landline number.

***The following companies are also eligible for a Used Car Loan Pallikaranai:

• Sole Proprietorship
• Partnership Firms
• Public Limited Companies
• Private Limited Companies

Used Car Loan for Major Car Manufacturers in Pallikaranai

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Processing Fees / Prepayment Charges on Used Car Loan Pallikaranai

Pre Calculated EMI Table for Used Car Loan Pallikaranai

Used Car Loan EMI Calculator Pallikaranai

About Pallikaranai

Pallikaranai is a residential neighbourhood area in Chennai, Tamil Nadu, India.

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