Used Car Loan Chandrapur

Best Banks for Used Car Loan in Chandrapur

Used Car Loan Chandrapur Features

Every one wants to own a car but not everyone can get a car. There can be many reasons for this, one of the major reason can be limited budget. If this is the reason which is stopping you from getting your own car then don’t worry about this now. As you can get your car by applying for a car loan. A car loan is basically a financial help or some funds which are provided by banks to the applicants to buy a car, whether a new or used car. These loans are available at minimum rate of interests.

The main features of a car loan in Chandrapur are:

• Car loan interest rate is available
• You can apply for car loan at any bank as almost all major banks provide car loan in Chandrapur
• All the processing is very easy and quick
• You can also track your application anytime
• Car loans are easily available through DialaBank

Used Car Loan Chandrapur Interest Rate

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

Used Car Loan Chandrapur Documents Required

For Salaried:

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

• For  proof of income: Latest Salary Slip, Latest Form 16/Latest ITR, Last 6 months bank statement

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

For Self Employed:

• Memorandum and Articles of Association/Certificate of Incorporation as age proof
• Memorandum and Articles of Association/Certificate of Incorporation as identity proof
• Latest ITR and audited balance sheet along with profit & loss account as proof of income
• Documents required for address proof:- Memorandum and Articles of Association, Certification of Incorporation, Telephone Bill, Electricity Bill

• Documents 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 Chandrapur Eligibility Criteria

For Salaried:-

1. This includes doctors, CAs, employees of private limited companies, employees from public sector undertakings, including central, state and local bodies
2. Minimum age of candidate should be 21 years and maximum age 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

For Self-Employed:-

1. Minimum age of candidate should be 21 years and maximum age should be 60 years
2. Only Individuals who have been in business for a minimum of 3 years are eligible
3. Individual  should earn at least 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 Chandrapur

TABLE WILL APPEAR

Processing Fees / Prepayment Charges on Used Car Loan Chandrapur

CIBIL Score Required for Used Car Loan in Chandrapur

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 Chandrapur.

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 Chandrapur Contact Number

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

Pre Calculated EMI Table for Car Loan Chandrapur

Used Car Loan EMI Calculator

About Chandrapur

Chandrapur  is a city and a municipal corporation in Chandrapur district, Maharashtra state, India. It is the district headquarters of Chandrapur district. Chandrapur is a fort city founded by Khandkya Ballal Sah, a Gond king of the 13th century. The city is situated at the confluence of the Irai river and Zarpat river. The area around the city is rich in coal seam. Hence, Chandrapur is also known as the “black gold city” .

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