All About Used Car Loan Sabhra
Do you want a car for a short time period rather than for a long term? Why waste your investments in a new car when you can easily get a used car and that too for a lower amount. Apply from DialaBank today only and get Used Car Loan Sabhra quickly.
Eligibility Criteria for Used Car Loan Sabhra
- Initially, the minimum age to get a loan is 21 years, and the maximum age cannot be more than 60 years.
- Likewise, 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.
- First of all, the minimum age to apply for this type of loan is 30 years.
- Similarly, the maximum age can reach up to 60 years, not more than that.
- Besides that, the minimum ITR of Rs. 250,000 for the last two years should be filled.
- In the same way, 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 Sabhra
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 Sabhra
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 Sabhra
- Initially, the minimum amount of credit that can be incurred by the borrower is Rs. 1 lakh.
- Likewise, the CIBIL score needs to be more than 700.
- Furthermore, 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).
- Most importantly, the loan amount gets disbursed by bank in 48 hours.
- Besides that, anyone who is having CIBIL 0, 1, -1 is also eligible for the loan.
Benefits of Used Car Loan Sabhra
- The best part about this type of loan is that there are no hidden charges.
- It is instantly available.
- Meanwhile, a flexible monthly repayment option is available.
- There are affordable Interest Rates.
- Furthermore, this type of loan is easily and quickly accessible.
Why should one choose DialaBank for a Used Car Loan?
- We provide a loan with the least interest rates and with hassle free documentation process.
- Further, with our relationship manager, you will be able to avail the best in market loan to value ratio.
- Used Car Loan from Dialabankis one of the best options that allow an individual to buy a car at a nominal amount.
- Apply now on our official website for instant approval and faster processing of your car loan.
How to Apply for Used Car Loan Sabhra?
- Firstly, you need to visit our website Dialabank
- Besides that, click on the car loan option displayed on the front page of our website.
- In addition to that, fill an application form with all your required details and apply for a car loan.
- Noticeably, mention your contact information.
Sabhra is a village in Tarn Taran District in Punjab, India. It is placed 222 KM from State capital Chandigarh. The Pin code of this area is 143416, and postal head office of this region is Patti (Tarn Taran). Firozpur Cantt, Tarn Taran, Zira are some of the nearby localities to Sabhra. Punjabi is the primary language here.
Used Car Loan Providers (Click to Apply)
Table of Contents
- 1 All About Used Car Loan Sabhra
- 1.1 Eligibility Criteria for Used Car Loan Sabhra
- 1.2 Documents Required for Used Car Loan Sabhra
- 1.3 Interest Rate to avail Used Car Loan Sabhra
- 1.4 Additional Information for Used Car Loan Sabhra
- 1.5 Benefits of Used Car Loan Sabhra
- 1.6 Why should one choose DialaBank for a Used Car Loan?
- 1.7 How to Apply for Used Car Loan Sabhra?
- 1.8 About Sabhra
- 1.9 Used Car Loan Providers (Click to Apply)