Used Car Loan Rau

Best Banks For Used Car Loan Rau

Used Car Loan Rau Features

To avail the Best car loans for a pre-used car, the bank now provides a great deal. The Used car loan helps a customer to deal with the financial trouble of owning a car. The interest rate and also the EMIs time limit is effectively managed.

Any applicant of the used car loan can borrow an approx amount to Rs. 2.5 crores and also 100% amount of the required car by approximate income salary to be 3-6% of the loan amount.*

Some other notable used car loan Rau features include:

• Simplified procedure for loans is available applicants.
• Up to 85% of the value of the car as a loan amount for 5 years and that too without any proof of income.
• The less complicated process of the loan has been formed by the banks.
• Easy pickup services of the documents from your door.

*Age of Car should never exceed more than that of 10 years during the loan maturity period. The maximum loan tenure of 60 months is available with flexible repayment tenures starting from a year to 60 months.

Terms & conditions apply, offers on specific models only.

Visit Dialabank to know more about Used Car Loan Rau.

Used Car Loan Rau Interest Rates

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

Used Car Loan Rau Documents Required

For Salaried Individual:

The documents required for car loan are:

Any of the following documents as the  proof of identity & Residence Proof:

• Passport with a validation till date at least
• Permanent Driving license [recent, legible, laminate]
• Letter issued by the National Population Register containing details of name & address
• Voters ID
• Job card issued by NREGA

All the following documents as Income Proof:

• Latest Salary Slip
• Latest Form 16/Latest Income Tax Return (ITR)
• Statements of Bank for the recent six months

Any of the following for sign verification proof:

• Credit Card Statement with Credit Card Copy
• Banker’s Verification
• Copy of a passport
• 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.

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

Salary 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:

• Copy of a passport
• Credit Card Statement with a copy of Credit Card
• 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:

1. Sole Proprietorship
2. Partnership Firms
3. Private Limited Companies
4. Public Limited Companies

Used Car Loan Rau Eligibility Criteria

The following people are eligibility criteria for Car Loan:

Salaried Individual:

• The applicant must be A doctor, CAs, private limited company employee, employees from public sector undertakings including central, state, or local bodies.
• Age limit: Individuals who are a minimum of 21 years/twenty-one of age when applying for the loan, and a maximum of 60 years/ sixty 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 INR 2L 50 Thousand 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 annually should be the minimum earning of a loan applicant.
• Individuals who have an office landline.

***The following type of companies are also eligible for a Used Car Loan Rau:

1. Sole Proprietorship
2. Partnership Firms
3. Private Limited Companies
4. Public Limited Companies

Used Car Loan For Major Car Manufacturers In Rau

TABLE WILL APPEAR

Processing Fees / Prepayment Charges On Used Car Loan Rau

Pre Calculated EMI Table For Used Car Loan Rau

Used Car Loan EMI Calculator

About Rau

Rau is a small place in the Indore District in the state of Madhya Pradesh.