Best Banks for Used Car Loan in Akola
Used Car Loan Akola Features
Used Car Loan is available for you at attractive interest rates. Used Car Loan Akola provides you financial help for getting a loan for a pre-owned or used car.
The features of the used car loan in Akola are:
- Avail maximum amount of up to Rs. 2.5 crore
- Get a 100% loan amount of the car price
- At loan maturity, the car’s age should not exceed 10 years
- Avail loan amount up varies from 3 to 6 times of your annual income
- Provision of personalized assistance
- Get customized and convenient repayment plans with reasonable value
- Maximum loan tenure duration is up to 5 years for a pre-owned car
- Quick and smooth processing
- Get your second-hand car approval faster
- Loan amount disbursed quickly
- Quick and easy documentation
- Get a loan amount of up to 85% of the car value without proof of income
- Get benefit from end-to-end advising
Used Car Loan Akola Interest Rates
To check Car Loan Interest Rate for all major banks you can visit: Car Loan Interest Rates
Used Car Loan Akola Documents Required
Documents required for car loan are as followed:
For Salaried:
Any of the following documentation required for identity and residence proof:
- Valid Passport
- Voter ID Card
- Permanent Driving License
- Job Card
- Letter issued by the National Population Register
The following documents for income proof:
- Latest Salary Slip
- Latest Form 16/Latest ITR
- Bank statement of last 6 months
Any of the following document required for signature proof:
- Passport Copy
- Photo Driving License with DOB
- Credit card statement with Credit Card Copy
- Banker’s verification
For Self Employed:
- For age proof, the documents required are Memorandum and Articles of Association/Certificate of Incorporation
- For identity proof, the documents required are Memorandum and Articles of Association/Certificate of Incorporation
- For Income Proof, there is a requirement of Latest ITR and balance sheet with profit and loss account
- Address Proof Documents(Anyone): Memorandum and Articles of Association, Certificate of Incorporation, Telephone Bill, Electricity Bill
- For Sign Verification Proof: Passport Copy, Photo Driving License with DOB, Credit Card Statement, Banker’s Verification
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 Akola Eligibility Criteria
The car loan eligibility requirements are as followed:
For Salaried:-
- Minimum age: 21 years
- Maximum age at loan maturity: 60 years
- Minimum employment required: 1 year in the current job and a minimum of 2 years of job
- Minimum Yearly Income: Rs. 2,50,000 net yearly income
- This is accessible to doctors, CAs, employees of private limited companies, employees from public sector undertakings, including central, state, and local bodies
For Self-Employed:-
- Minimum age: 21 years
- Maximum age at loan maturity: 60 years
- Minimum employment: 3 years
- Minimum Annual Income: Rs. 2,50,000 per annum
- This includes appliers who own a private company in the business of manufacturing, trading, or services
- Appliers who have an office landline
The following type of firm are also eligible to take a pre-owned car loan in Akola:
- Sole Proprietorship
- Partnership Firms
- Public Limited Companies
- Hindu Undivided Family
How to Apply for Used Car Loan in Akola?
Availing a Used Car Loan in Akola is an easy and smooth process with Dialabank. Follow the following steps to get the best offers:
- Visit our website Dialabank
- Press on the car loan option accessible in the menu
- Fill in the details about the car type and your earning
- Our relationship manager will get in contact with you on your provided phone number.
- You may also contact our relationship managers on the number 9878981166 if you have any queries regarding the used car loan.
- For availing a car loan offline you should have to visit the bank branch personally, which might turn to be hectic for you.
Used Car Loan for Major Car Manufacturers in Akola
TABLE WILL APPEAR
Processing Fees / Prepayment Charges on Used Car Loan in Akola
CIBIL Score Required for Used Car Loan in Akola
The CIBIL score refers to what defines your ability to pay off your credits. A higher Credit score means good credit history and makes your Used Car Loan Akola application process hassle-free and easy to be processed. Mostly, banks and NBFCs consider a good credit score to approve your loan application process in Used Car Loan Akola.
The CIBIL score required for availing a loan for a used car or second-hand cars in Akola is 720 and above. Those who have a minimum CIBIL score of 720 is eligible for getting a pre-owned car loan in Akola. This score may again differ from bank to bank. In case of a low CIBIL score than the required score, you will be required to pay a high rate of interest on the loan amount while if your CIBIL score is good then you may have to pay a low-interest rate. Thus, a CIBIL score is an important factor for getting a Used Car Loan Akola.
Used Car Loan Akola Contact Number
In case of any queries regarding the used car loan in Akola, you may contact the number 9878981166 for any sort of assistance.
Pre Calculated EMI Table for Used Car Loan Akola
Used Car Loan EMI Calculator Akola
About Akola
Akola is a city in the Vidarbha region in Maharashtra state, India. It is located in the north-central part of Maharashtra state on the banks of the Morna River. It occupies an area of 5,431 square kilometers.
Apart from tourist destinations, it is an important historical, cultural, political, and agricultural city.
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