Used Car Loan Trichur

Best Banks for Used Car Loan in Trichur

Used Car Loan Trichur Features

If you want to buy a new car but don’t have the required funds for it, then don’t worry, you’re in the right place now.  A car loan is here for you. You can get a car loan at an affordable rate of interest in buying a car, whether new or used. Since cars have become very expensive these days and not everyone can afford them. This is where a car loan comes into play and you can get your favourite car. The main features of a car loan in Trichur are:

• Avail of loans on a wide range of used cars at low interest rates
• Almost all major banks and NBFCs offer car loans in Trichur
• Experience hassle-free processing and quick approvals
• Car loans are easily available through DialaBank

Used Car Loan Trichur Interest Rate

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

Used Car Loan Trichur Documents Required

Documents required for a car loan are as followed:

For Salaried:

    Documents required for Identity & Address Proof:-

• Valid passport
• permanent driving license (recent, legible, laminate)
• Letter issued by the National Population containing details of name and address
• Voters ID card
• Job card issued by NREGA

    Documents required for Income Proof:-

• Salary slip(Latest)
• Latest 16/Latest ITR
• Last 6 months bank statement

    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
• Credit Card Statement with Credit card copy

For Self Employed:

• For age proof Memorandum and Articles of Association/Certificate of Incorporation is required
•  For identity proof Memorandum and Articles of Association/Certificate of Incorporation is required
• As proof of income, Latest ITR and audited balance sheet along with a profit & loss account is required

The following documents are required for address proof:

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

The following Documents are 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 Trichur Eligibility Criteria

The car loan eligibility requirements are as followed in Trichur:

For Salaried:-

1. Minimum age of candidate:- 21 years
2. Maximum age of candidate at loan maturity:-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
5. Doctors, CAs, employees of private limited companies, employees from public sector undertakings, including central, state, and local bodies are also eligible

For Self-Employed:-

1. Minimum age of candidate:-21 years
2. Maximum age at loan maturity of the candidate:-60 years
3. Individuals who have been in business for a minimum of 3 years are eligible
4. Minimum annual income:-Rs 2,50,000 per anum
5. This includes individuals  who own a private company in the business of manufacturing, trading, or services

Used Car Loan for Major Car Manufacturers in Trichur

TABLE WILL APPEAR

Processing Fees / Prepayment Charges on Used Car Loan Trichur

CIBIL Score Required for Used Car Loan in Trichur

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 Trichur.

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 Trichur Contact Number

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

Pre Calculated EMI Table for Car Loan Trichur

Used Car Loan EMI Calculator

About Trichur

Trichur, also known by its former name Trissur, is a city and the headquarters of the Thrissur district in Kerala, India. It is the third-largest urban agglomeration in Kerala after Kochi and Calicut urban areas and the 20th largest in India. It is famous for the Thrissur Pooram festival.

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