Used Car Loan Tenali

Best Banks for Used Car Loan in Tenali

Used Car Loan Tenali Features

Owning a car has been a dream for every person. But not everyone can afford it. You can fulfill your dream of owning a car even if you’re short at funds by getting a car loan. Here, Car loans are available on a wide range of cars, whether new or used at an affordable rate of interest.

The main features of a car loan in Tenali are:

•  A car loan is available at low-interest rates
• Almost all major banks and NBFCs offer car loans in Tenali
• Enjoy hassle-free processing and quick approvals
• Car loans are easily available through DialaBank

Used Car Loan Tenali Interest Rate

Check the Lowest Interest Rate for Car Loan at dialabank.

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

Apply for a Car Loan

Used Car Loan Tenali Documents Required

Documents required for car loan are as followed:

For Salaried:

• For Identity & Address Proof:
  • Valid Passport
  • Permanent Driving license [recent, legible, laminate]
  • Voters ID Card
  • Job card issued by NREGA
  • Letter issued by the National Population Register containing details of name & address

• For  proof of income:

  • Latest Salary Slip
  • Latest Form 16/Latest ITR
  • Last 6 months bank statement

• For sign verification proof:

  • Passport Copy
  • Photo Driving License with DOB (recent, legible, laminated)
  • Credit Card Statement with Credit Card Copy
  • Banker’s Verification
  • Copy of Margin Money Paid to the Bank

For Self Employed:

• Memorandum and Articles of Association/Certificate of Incorporation as age proof
• Memorandum and Articles of Association/Certificate of Incorporation as identity proof
• Latest ITR and audited balance sheet along with profit & loss account as proof of income
• Documents required for address proof:- 

• Memorandum and Articles of Association
• Certification of Incorporation
• Telephone Bill
• Electricity Bill

• Documents required for sign verification proof:-

• Passport copy
• Photo Driving License with DOB (recent, legible, laminated)
• Banker’s verification
• Copy of Margin Money Paid to the Bank

• Also, the used car loan can be borrowed in the following type of firms as well:
  • Partnership Firms
  • Sole Proprietorship
  • Public Limited Companies

Used Car Loan Tenali Eligibility Criteria

The car loan eligibility requirements are as followed:

For Salaried:-

1. This includes doctors, CAs, employees of private limited companies, employees from public sector undertakings, including central, state, and local bodies
2. The minimum age of the candidate should be 21 years and the maximum age should be 60 years
3. Individuals who have had a job for at least 2 years, with a minimum of 1 year with the current employer are eligible
4. Minimum Annual Income should be Rs 2,50,000

For Self-Employed:-

1. The minimum age of the candidate should be 21 years and the maximum age should be 60 years
2. Only Individuals who have been in business for a minimum of 3 years are eligible
3. An individual should earn at least Rs 2,50,000 per anum
4. This includes individuals  who own a private company in the business of manufacturing, trading, or services

Used Car Loan for Major Car Manufacturers in Tenali

TABLE WILL APPEAR

Processing Fees / Prepayment Charges on Used Car Loan Tenali

CIBIL Score Required for Used Car Loan in Tenali

The CIBIL score is referred to as what defines your ability to pay off your credits. A higher credit score means good credit history and makes your car loan application process smooth and easy to be processed. Mostly, banks and NBFCs consider a credit score of 720 and above as a good score to approve your loan application process Tenali.

This score may again vary from bank to bank. In case of a low CIBIL score than the required value, you will be required to pay a high rate interest rate on the loan amount while if your CIBIL score is good then you may have to pay a low rate of interest. Thus, a CIBIL score is an important factor in a car loan.

Used Car Loan Tenali Contact Number

In case of any queries regarding the car loan in Tenali, you may contact on the number 9878981166 for any sort of assistance.

Pre Calculated EMI Table for Car Loan Tenali

Used Car Loan EMI Calculator

About Tenali

Tenali is a city in the Guntur district of the Indian state of Andhra Pradesh. It is a municipality and the headquarters of the Tenali Mandal and Tenali revenue division. The city is renowned for art, cultural, drama and hence, it is often referred with the nickname as Andhra Paris. It is one of the twelve urban local bodies in Andhra Pradesh Capital Region

Used Car Loans For Other Cities

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