Best Banks For Used Car Loan In Pandua
Used Car Loan Pandua Features
Looking for a car? But running short on funds? No worries! You can always get a car by applying for a car loan. You can also get a loan on a used car also. Car loans are available at budget-friendly EMIs.
The main feature of car loan in Pandua are:
- Car loans are available on a wide range of cars at a low-rate of interest.
- You can get a loan up to Rs. 2.5 crore amount.
- Almost all major banks provide car loans in Pandua
- The documentation process is hassle-free and quick.
- You can track your application anytime, anywhere.
- Up to 85% of the value of the car as a loan amount for 5 years and that too without any income proof.
- Car loans are available through Dialabank
Used Car Loan Pandua Interest Rates
To check Car Loan Interest Rate for all major banks you can visit: Car Loan Interest Rates
Used Car Loan Pandua Documents Required
Documents required to avail of a car loan :
For Salaried Individual:
Any of the following documents 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
- Last 6 months bank statements
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:
- For Age proof: Memorandum and Articles of Association/Certificate of Incorporation.
- For Identity proof: Memorandum and Articles of Association/Certificate of Incorporation.
- For Income proof: Latest ITR and audited balance sheet along with profit & loss account.
- Any of the above documents as address proof:
- Telephone Bill
- Memorandum and Articles of Association
- Certification of Incorporation
- Electricity Bill
- Any of the above documents 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:
- Sole Proprietorship
- Partnership Firms
- Private Limited Companies
- Public Limited Companies
Used Car Loan Pandua Eligibility Criteria
The following people are eligible to apply for a Pre-Owned Car Loan.
Eligibility criteria to get a car loan :
A good CIBIL score is a must before applying for a loan other than a gold loan. Making sure your CIBIL score is good before applying for a loan is a good practice.
Salaried Individual:
- This includes doctors, CAs, employees of private limited companies, employees from public sector undertakings, including central, state, and local bodies
- The minimum age of the candidate should be 21 years and the maximum age should be 60 years
- Individuals who have had a job for at least 2 years, with a minimum of 1 year with the current employer are eligible
- Minimum Annual Income should be Rs 2,50,000
Self Employed:
- The minimum age of the candidate should be 21 years and the maximum age should be 60 years
- Only Individuals who have been in business for a minimum of 3 years are eligible
- An individual should earn at least Rs 2,50,000 per anum
- This includes individuals who own a private company in the business of manufacturing, trading, or services
- The following type of companies are also eligible for a Used Car Loan :
- Sole Proprietorship
- Partnership Firms
- Private Limited Companies
- Public Limited Companies
Used Car Loan For Major Car Manufacturers In Pandua
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Processing Fees/Prepayment Charges On Used Car Loan In Pandua
Pre Calculated EMI Table For Used Car Loan Pandua
Used Car Loan EMI Calculator
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