Best Banks for Used Car Loan in Vinukonda
Used Car Loan Vinukonda Features
Are you willing to have a car? But cars are too expensive nowadays. If you are looking for a car but don’t have enough budget then you can always go for a car loan. A car loan is an easy option since they are available at a low rate of interest. You will get a car loan on the used or pre-owned cars also.
The main features of a car loan in Vinukonda are:
- Avail of car loans at an affordable rate of interests
- Almost all banks provide car loans in Vinukonda
- Get regular updates on your loan application
- You will also get the help to choose a car
- Repayment plans are flexible and available at less rate of interest
- There are also offers available on specific models**(terms and conditions apply)
- Car loans are easily available through DialaBank
Used Car Loan Vinukonda Interest Rate
Check the Car Loan Interest rates for used cars:
To check Car Loan Interest Rate for all major banks you can visit: Car Loan Interest Rates
Used Car Loan Vinukonda Documents Required
Any of the following documents required for a car loan for identity and residence proof:
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 Income proof: 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 Vinukonda Eligibility Criteria
Following points need to be kept in mind while checking the Car loan Eligibility criteria:
For Salaried:-
- This includes doctors, CAs, employees of private limited companies, employees from public sector undertakings, including central, state, and local bodies
- The minimum age of the candidate:-21 years
- The maximum age of the candidate:-60 years
- Individuals who have had a job for at least 2 years, with a minimum of 1 year with the current employer are eligible
- Minimum Annual Income:-Rs 2,50,000
For Self-Employed:-
- The minimum age of the candidate:-21 years
- The maximum age:-60 years
- Only Individuals who have been in business for a minimum of 3 years are eligible
- An individual should earn at least Rs 2,50,000 per annum.
- This includes individuals who own a private company in the business of manufacturing, trading, or services
Used Car Loan for Major Car Manufacturers in Vinukonda
TABLE WILL APPEAR
Processing Fees / Prepayment Charges on Used Car Loan Vinukonda
CIBIL Score Required for Used Car Loan in Vinukonda
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 Vinukonda.
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 Vinukonda Contact Number
In case of any queries regarding the car loan in Vinukonda, you may contact the number 9878981166 for any sort of assistance.
Pre Calculated EMI Table for Car Loan Vinukonda
Used Car Loan EMI Calculator
About Vinukonda
Vinukonda is a town in the Guntur district of the Indian state of Andhra Pradesh. It is a municipality and the headquarters of Vinukonda Mandal and administered under the Narasaraopet revenue division.
Used Car Loans For Other Cities
Used Car Loan Sangli |
Used Car Loan Solapur |
Used Car Loan Aurangabad |
Used Car Loan Kalyan |