Used Car Loan Koraput

Best Banks For Used Car Loan In Koraput

Used Car Loan Koraput Features

Want to own a car? But the prices are just too high? In this case, you can always go for a used car or pre-owned car. You can get a loan on a used car or pre-owned car as well. The rate of interest is also affordable. You will find every detail about getting a car loan on the used car below. 

The main feature of car loan in Koraput are:

• Avail of car loans at an affordable rate of interest.
• You can track your application anytime.
• Flexible repayment plans are available.
• Almost all major banks provide car loans in Koraput.
• The documentation process is very easy and quick.
• Up to 80% of the value of the car as a loan amount for 3 years and that too without any income proof.
• Car loans are available through Dialabank

Used Car Loan Koraput Interest Rates

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

Used Car Loan Koraput Documents Required

Documents required to avail of a car loan :

For Salaried Individual:

Any of the following documents as identity & Address Proof:

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

All the following documents as proof of income:

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

Any of the following for sign verification proof:

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

For Self Employed:

• For Age proof: Memorandum and Articles of Association/Certificate of Incorporation.
• For Identity proof: Memorandum and Articles of Association/Certificate of Incorporation.
• For Income proof: Latest ITR and audited balance sheet along with profit & loss account.
• Any of the above documents as address proof:
• Telephone Bill
• Memorandum and Articles of Association
• Certification of Incorporation
• Electricity Bill
• Any of the above documents for sign verification proof:
• Passport Copy
• Credit Card Statement with Credit Card Copy
• Banker’s Verification
• Photo Driving License with DOB (recent, legible, laminated)
• Copy of Margin Money Paid to the Bank.
• The following type of companies can also apply for a Used Car Loan:

1. Sole Proprietorship
2. Partnership Firms
3. Private Limited Companies
4. Public Limited Companies

Used Car Loan Koraput Eligibility Criteria

The following people are eligible to apply for a Pre-Owned Car Loan.

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.

Salaried Individual:

• The doctors, CAs, employees of private limited companies, employees from public sector undertakings, including central, state, and local bodies are eligible
• Individuals who are a minimum of 21 years of age when applying for the loan, and a maximum of 60 years of age at the end of the loan tenure are eligible 
• Minimum Work Experience: Individuals who at least have had a job for 2 years, with a minimum of 1 year with the present employer.
• Minimum Earning: Those who earn a minimum of Rs. 2,50,000 per year., The income of the spouse can be considered as one with the applicant’s income.

Self Employed:

• This includes individuals who own a private company in the business of manufacturing, trading, or services
• Rs. 2,50,000 per annum should be a minimum earning.
• Individuals who have an office landline.
• The following type of companies are also eligible for a Used Car Loan :

1. Sole Proprietorship
2. Partnership Firms
3. Private Limited Companies
4. Public Limited Companies

Used Car Loan For Major Car Manufacturers In Koraput

TABLE WILL APPEAR

Processing Fees/Prepayment Charges On Used Car Loan In Koraput

Pre Calculated EMI Table For Used Car Loan Koraput

Used Car Loan EMI Calculator