Used Car Loan Chandigarh

Best Banks for Used Car Loan in Chandigarh

Used Car Loan Chandigarh Features

Used Car Loan is available for you at attractive car loan interest rates. Used Car Loan Chandigarh provides you financial help for getting a loan for a pre-owned or used car.

The features of the used car loan in Chandigarh are:

• Avail maximum loan amount of up to Rs. 2.5 crore
• Get a 100% loan amount of the car value
• At loan maturity, the car’s age should not exceed 10 years
• Avail loan amount up to 6 times of your annual income
• Provision of personalized assistance
• Get customized and convenient repayment plans with reasonably priced
• Maximum loan tenure is up to 5 years for a pre-owned car
• Easy 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 income proof
• Get benefit from end-to-end advising

Used Car Loan Chandigarh Interest Rates

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

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Used Car Loan Chandigarh Documents Required

The documents required for a used car loan in Chandigarh is different for Salaried and Self Employed applicants:

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:

1. For age proof, the documents required are Memorandum and Articles of Association/Certificate of Incorporation
2. For identity proof, the documents required are Memorandum and Articles of Association/Certificate of Incorporation
3. For Income Proof, there is a requirement of Latest ITR and balance sheet with profit and loss account
4. Address Proof Documents(Anyone): Memorandum and Articles of Association, Certificate of Incorporation, Telephone Bill, Electricity Bill
5. 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 Chandigarh Eligibility Criteria

The car loan eligibility requirements are as followed in Chandigarh:

For Salaried:-

1. Minimum age: 21 years
2. Maximum age at loan maturity: 60 years
3. Minimum employment: 1 year in current employment and a minimum of 2 years of employment
4. Minimum Annual Income: Rs 2,50,000 net annual income
5. This involves doctors, CAs, employees of private limited companies, employees from public sector undertakings, including central, state, and local bodies

For Self-Employed:-

1. Minimum age: 21 years
2. Maximum age at loan maturity: 60 years
3. Minimum employment: 3 years
4. Minimum Annual Income: Rs, 2,50,000 per annum
5. This includes appliers who own a private company in the business of manufacturing, trading, or services
6. Appliers who have an office landline

The following type of firm are also eligible to take a pre-owned car loan in Chandigarh:

• Sole Proprietorship
• Partnership Firms
• Public Limited Companies
• Hindu Undivided Family

How to Apply for Used Car Loan in Chandigarh?

Availing a Used Car Loan in Chandigarh is an easy and smooth process with Dialabank. Follow the following steps to get the best offers:

• Visit our website Dialabank
• Click on the car loan option accessible in the menu
• Fill in the details about the car type and your income
• Wait as our relationship manager will soon get in contact with you on your provided number.
• You may also contact our relationship managers on the number 9878981166 in case of any queries regarding the used car loan.
• For availing a car loan offline you will have to visit the bank branch personally, which might turn to be hectic for you.

Used Car Loan for Major Car Manufacturers in Chandigarh

TABLE WILL APPEAR

Processing Fees / Prepayment Charges on Used Car Loan in Chandigarh

CIBIL Score Required for Used Car Loan in Chandigarh

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 Used Car Loan Chandigarh 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 Chandigarh.

The CIBIL score required for availing a loan for a used car or second-hand cars in Chandigarh is 720 and above. Those who have a minimum CIBIL score of 720 is eligible for getting a pre-owned car loan in Chandigarh. This score may again differ from bank to bank. In case of a low CIBIL score than the required value, you will be required to pay a high-interest rate 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 Chandigarh.

Used Car Loan Chandigarh Contact Number

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

Pre Calculated EMI Table for Used Car Loan Chandigarh

Used Car Loan EMI Calculator Chandigarh

About Chandigarh

Chandigarh is a city, district, and union territory in India. It serves as the capital of the two neighbouring states of Punjab and Haryana. Chandigarh, The City Beautiful, is famous for its modesty, fashion, lifestyle, and greenery. It is the first planned modern city of India designed by the French architect Le Corbusier. The popular tourist spots are the Rock Garden, Rose Garden, and Sukhna Lake.

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