Used Car Loan Anantnag

Best Banks for Used Car Loan in Anantnag

Used Car Loan Anantnag Features

Thinking of purchasing a new car? But don’t have the required funds for it? Do not worry! A car loan is here for you. A car loan is a means of funding or financial help provided by banks and NBFCs to the applicants at an affordable rate of interest to aid them in buying a car, whether new or used.

Since cars have become a necessity for everyone, but the cost of cars is growing rapidly daily. This is where a car loan comes into play and fulfills your desire to be the owner of your dream car. The main features of a car loan in Anantnag are:

• Avail of loans  a wide range of used cars
• Almost all major banks and NBFCs offer car loans in Anantnag
• Experience hassle-free processing and quick approvals
• Car loans are easily available through DialaBank

Used Car Loan Anantnag Interest Rate

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

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Used Car Loan Anantnag Documents Required

Documents required for car loan are as followed:

For Salaried:

Any of the following documents as Identity & Address Proof:-

• Valid passport
• permanent driving license (recent,legible,laminate)
• Letter issued by the National Population containing details of name and address
• Voters ID card
• Job card issued by NREGA

Any of the following documents as Income Proof:-

• Salary slip(Latest)
• Latest 16/Latest ITR
• Last 6 months bank statement

Any of the following documents as Sign Verification Proof:-

• Passport copy
• Photo Driving License with DOB(recent,legible,laminated)
• Banker’s verification
• Copy of Margin Money paid to the bank
• Credit Card Statement with Credit card copy

For Self Employed:

• For age proof Memorandum and Articles of Association/Certificate of Incorporation is required
•  For identity proof Memorandum and Articles of Association/Certificate of Incorporation is required
• As a proof of income Latest ITR and audited balance sheet along with profit & loss account is required

     Following documents are required for address proof:

• Memorandum and Articles of Association
• Certification of Incorporation
• Telephone Bill
• Electricity Bill

   Following Documents are 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 Anantnag Eligibility Criteria

The car loan eligibility requirements are as followed:

For Salaried:-

1. Minimum age of candidate should be 21 years
2. Maximum age of candidate at loan maturity should be 60 years
3. Individuals who have had a job for at least 2 years, with a minimum of 1 year with the current employer are eligible
4. Minimum Annual Income should be Rs 2,50,000
5. Doctors, CAs, employees of private limited companies, employees from public sector undertakings, including central, state, and local bodies are also eligible

For Self-Employed:-

1. For Self-Employed individual, minimum age should 21 years and maximum age at loan maturity should be 60 years
2. Individuals who have been in business for a minimum of 3 years are eligible  
3. Minimum annual income should be Rs 2,50,000 per anum
4. This includes individuals  who own a private company in the business of manufacturing, trading, or services

Used Car Loan for Major Car Manufacturers in Anantnag

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Processing Fees / Prepayment Charges on Used Car Loan Anantnag

CIBIL Score Required for Used Car Loan in Anantnag

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 Anantnag.

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 Anantnag Contact Number

In case of any queries regarding the car loan in Anantnag, you may contact on the number 9878981166 for any sort of assistance.

Pre Calculated EMI Table for Car Loan Anantnag

Used Car Loan EMI Calculator

About Anantnag

Anantnag is an agriculture trade centre and the southern headquarters for navigation by large boats in the Vale of Kashmir. Many springs issues from the land around the city, including the slightly sulfurous Anant Nag. Anantnag was formerly the chief population centre of the valley and contains a summer place.

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