AVAIL THE BEST RATE OF INTEREST ON USED CAR LOAN
About Used Car Loan Vadodara
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Buying a car has always been a tough job as the prices of cars are touching the sky. There are only few people who have the funds in their bank account to manage buying even a used vehicle.
The solution to this problem is availing a Used Car Loan that offers monetary help to people who wishes to buy a preowned vehicle.
What to know about Used Car Loan Vadodara
Features and Benefits of Used Car Loan Vadodara with Dialabank
- Loan approvals in 24 hours.
- Flexible re-payment option(s), which ranges from 12 to 60 months
- Car model should not be older than 5 years from the present time
- Attractive interest rates.
- Finance up to 92% of the car’s value
- Choose any car available in India
- Repay your Loan with easy EMIs
- Hassle free loans – no post dated cheques required
- Easy and simple documentation.
Eligibility Criteria for Used Car Loan Vadodara
- Age of the applicant should be minimum of 21 years and maximum of 65 years.
- Minimum employment 1 year in present company and a minimum of 2 years of work in total.
- Monthly income of the applicant should be Rs 24,000.
- Minimum age 30 years. 25 years if you have earning co-applicant.
- Maximum age at loan maturity 60 years
- Minimum employment At least two years in business
- Minimum ITR filed should be 2.5 lakhs annually for two consecutive years.
Documents for Used Car Loan Vadodara
- Identity Proof: Passport copy, PAN Card, Voters ID card, Driving License, Aadhar Card
- Income Proof: For Salaried Latest 3 months salary slip and 6 months bank statement. For Self- Employed Last 2 ITR filed and 6 months bank statement.
- 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 is also required.
Interest Rates for Used Car Loan Vadodara
New Car Loan Interest Rate (Reducing)
Used Car Loan Interest Rate (Reducing)
Get The Best Offers
10.00% – 11.00%
13.99% – 15.50%
Rs. 999 to Rs. 4300
10.25% – 11:25%
14.50% to 16%
Rs. 3500 to Rs. 5500
Bank of Baroda
0.75% Up to 15 Lac
Kotak Mahindra Bank
11.50% – 13.50%
17% – 20%
Rs.3300 to Rs.4750
Punjab National Bank
10.75% to 11%
0.5% to 1.5%
State Bank Group
17.05% to 17.30%
10.50% to 11.75%
16.50% to 18.00%
Rs.2500 to Rs.5000
Bank of India
10.50% to 13.50%
13.50% to 14.50%
0.50% to Rs.25000
0.10% of Loan Amount
Facts about Vadodara:
Vadodara is formerly known as Baroda. It is the third largest and most populated city in Gujarat. It was one of the largest and richest Indian Princely states. Vadodara has various large-scale industries such as Gujarat State Fertilizers & Chemicals (GSFC), Reliance Industries Limited and Gujarat Alkalies.
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