All About Used Car Loan Panchkula
High prices of cars prevent us from buying the car of our choice. Dialabank helps you to buy the car of your choice at very low prices with a Used Car Loan Panchakula. Accept this offer and buy any fancy car at very reasonable rates. It is a simple and hassle-free loan with quick disbursal.
Eligibility Criteria for Used Car Loan Panchkula
- First of all, the minimum age to get a loan is 21 years, and the maximum age cannot be more than 60 years.
- After that, the minimum income should be at least Rs. 24,000 per month.
- Furthermore, 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.
- Initially, the minimum age must be 30 years.
- Then, the maximum age can be 60 years, not more than that.
- Meanwhile, the minimum ITR of Rs. 250,000 for the last two years should be filled.
- 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 Panchkula
Following are the documents required for Used Car Loan:
- Identity Proof: Aadhar Card, Voters ID card, PAN Card, Copy of Passport, Driving License.
- Income Proof: For Salaried, latest salary slip of 3 months/ For Self-Employed, copy of ITR filed of last 2 years.
- Address Proof: Aadhar Card, Electricity Bill (if tenant), Passport Copy, Driving License, Voters ID Card.
- Bank Statement: Copy of active bank statement of last 6 months.
Interest Rate to avail Used Car Loan Panchkula
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 for Used Car Loan Panchkula
- First of all, the minimum amount of credit that can be incurred by the borrower is Rs. 1 lakh.
- Further, the CIBIL score needs to be more than 700.
- In addition to it, the loan is valid only for the car models which were launched after 2013.
- Likewise, the loan amount is given for a time period of 12 months (1 year) to 60 months (5 years).
- Moreover, anyone who is having CIBIL 0, 1, -1 is also eligible for the loan.
- Most importantly, the loan amount gets disbursed by bank in 48 hours.
Benefits of Used Used Car Loan Panchkula
- The best part about this is that there are no hidden charges.
- Also, a flexible monthly repayment option is available.
- It is instantly available.
- There are affordable Interest Rates.
- Moreover, this type of loan is easily and quickly accessible.
Why should you choose DialaBank for a Used Car Loan?
- We provide a loan with the least interest rates and with hassle free documentation process.
- Dialabank Used Car Loan is one of the best options that allow an individual to buy a car at a nominal amount.
- Further, with our relationship manager, you will be able to avail the best in market loan to value ratio.
- Apply now on our official website for instant approval and faster processing of your car loan.
How to Apply for Used Car Loan Panchkula?
- First of all, you need to visit our website Dialabank
- Then, click on the car loan option displayed on the front page of our website.
- After that, fill an application form with all your required details and apply for a car loan.
- Noticeably, mention your contact information.
Panchkula is a city in Panchkula District in the state of Haryana, India. It belongs to the Ambala Division. Hindi is the native language used here but people also speak English, Punjabi. The total population of Panchkula is 333,882 people who are living in 66,578 houses, covering a total of 50 villages and 44 panchayats.
Used Car Loan Providers (Click to Apply)
Table of Contents
- 1 All About Used Car Loan Panchkula
- 1.1 Eligibility Criteria for Used Car Loan Panchkula
- 1.2 Documents Required for Used Car Loan Panchkula
- 1.3 Interest Rate to avail Used Car Loan Panchkula
- 1.4 Additional Information for Used Car Loan Panchkula
- 1.5 Benefits of Used Used Car Loan Panchkula
- 1.6 Why should you choose DialaBank for a Used Car Loan?
- 1.7 How to Apply for Used Car Loan Panchkula?
- 1.8 About Panchkula
- 1.9 Used Car Loan Providers (Click to Apply)