All about Used Car Loan Zira
Own car has always been a dream of every person. The vehicle can be a new car or a used car. You need to have an idea, and we will fulfil it for you by providing car loan on easy terms and conditions. Avail car loan today only with DialaBank and achieve all your dreams.
Documentation for Used Car Loan Zira
Documents required to avail of a car loan :
- Income Proof: Last 3 months income slip and six months bank statement is mandatory for salaried employees, and Last 2 ITR filed and six months bank statement is required for self-employed persons.
- Identity Proof: Passport copy/ PAN Card/ Voters ID card/ Driving License/ Aadhar Card
- RC and Insurance Copy
- Rent agreement is needed only in case of government employees.
- 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 should also be available with the applicant
Interest Rate for Used Car Loan Zira
The interest rate charged on Used Car Loan Zira is 14% of the total amount. This interest will be charged based on the reducing method.
The Loan gets disbursed in your bank account in just 2-3 days.
Eligibility for Used Car Loan Zira
Eligibility criteria to get a car loan :
A good CIBIL score is a must before applying for a loan other than a gold loan. Making sure your CIBIL score is good before applying for a loan is a good practice.
- The age of the applicant should be 30 years. In case the applicant is less than 30 years, he would need the co-applicant.
- The co-applicant should be of 25 years and currently working.
- CIBIL of the applicant needs to be 700.
- The applicant must have filed an ITR of Rs.2.5 lakhs for the past two years.
For salaried employees
- The income of the applicant should be Rs. 24,000 per month.
- Minimum age of the applicant needs to be 21 years, and maximum age should be 60 years.
- CIBIL of the applicant should be at least 700.
- Note: Used Car Loan cannot be allowed to rented customers.
Benefits of Used Car Loan Zira
- You can save money by getting a used car and use the leftover money for another purpose.
- You get the loan amount within 72 hours in your bank account.
- The documentation for Used Car Loan is less.
- The interest rate on these loans is also very less.
- CIBIL required for Used Car Loan is also less.
- Tenure also varies from 2 years to 5 years, so the applicant chooses the period for which he wants to avail the Car Loan.
Additional information about Used Car Loan Zira
- The amount of Loan the customer can take starts from Rs. 1 lakhs.
- Car Loan can be given on car models of after 2013.
- A customer with CIBIL 1,0 and -1 can also apply for Loan.
- The amount of Loan that the customer will get is 85% of Insurance Value.
- In the case of luxury cars, the Loan can be given for models after 2011.
- The period for which the customer can avail the Loan is 24 months to 60 months.
How to Apply for Used Car Loan Zira?
- First of all, you need to visit our official site, DialaBank.
- After that, apply for Used Car Loan online.
- Enter your detailed information so that our representative can contact you.
- DialaBank is the most suitable platform to apply for a car loan as you will get a loan at affordable rates of interest.
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