Used Car Loan Ratlam

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All About Used Car Loan Ratlam

Can’t get a loan for your favourite new car? Why to rush for a new car when you can get a used car on less price and less interest rate. Avail Used Car Loan today only with Dialabank.

Eligibility for Used Car Loan Ratlam

Identity Proof: Passport copy/ PAN Card/ Voters ID card/ Driving License/ Aadhar Card

Income Proof: Latest 3 months salary slip and 6 months bank statement is required for salaried employees and Last 2 ITR filed and 6 months bank statement is required for self employed persons.

Address Proof: Ration card / Driving license / Voters card / Passport Copy / Telephone Bill / Electricity Bill / Life Insurance Policy / PAN Card / Aadhar Card

Bank Statement: Bank statements for the last six months should also be available with the applicant.

RC and Insurance Copy

Rent agreement is needed only in case of government employees.

Note: Used Car Loan is not given to rented customers.

Documentation for Used Car Loan Ratlam

Documents required for Used Car Loan are as follows:

For salaried employees

  1. Identity Proof: Pan Card, Aadhar Card
  2. Applicant should have 3 months salary slip, 6 months bank statement
  3. RC and Insurance Copy ( insurance should be updated)
  4. Rent agreement in case the applicant is rented and a government employee.

For self employed

  1. Identity Proof: Pan Card, Aadhar Card
  2. 6 months bank statement.
  3. Documents of ITR

Interest Rate for Used Car Loan Ratlam

The interest rate charged on used car loan is 14% of total amount. This interest is charged on the basis of reducing method.

The Loan gets disbursed in your bank account in just 2-3 days.

Benefits of Used Car Loan Ratlam

  1. Firstly,   Banks offer car loan for 5-7 years, so the applicant can choose the time for which he wants to avail the loan.
  2. Next, the interest rate can be negotiated in case of car loan if the customer has a good credit score and is a good customer for the bank.
  3.  The customer can modify the car according to his wish and use the car without any hesitation.
  4. Furthermore, the procedure for claiming the car loan is very easy and simplified.
  5. The customer can choose the type of interest rate, which can be floating or fixed.
  6. Moreover, the customer does not need to keep any collateral with the bank. The car of the applicant is itself security for which the bank is lending the loan to the customer.

Additional information for Used Car Loan Ratlam

Used Car Loan Ratlam

  1. Car Loan is given on car models of after 2013.
  2. In case of luxury cars, the loan can be given for models after 2011.
  3. The amount of loan the the customer can take starts from Rs.1 lakhs.
  4. A customer with CIBIL 1,0 and -1 can also apply for loan.
  5. Time period for which the customer can avail the loan is 24 months to 60 months.
  6. The amount of loan that the customer will get is 85% of Insurance Value.

How to Apply for Used Car Loan?

First, you need to visit our official site DialaBank.
After that, apply for Used Car Loan online.
Enter your detailed information so that our representative can contact you.
DialaBank is the most suitable platform to apply for a car loan as you will get a loan at affordable rates of interest.

About Ratlam

Ratlam is a city located in the northwestern part of the Malwa region in Madhya Pradesh state of India. For more information on Used Car Loan, you can visit our official website.

Leading Used Car Loan Providers (Click to Apply)

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