Used Car Loan Cuttack

Best Banks for Used Car Loan in Cuttack

Used Car Loan Cuttack Features

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

The features of the used car loan in Cuttack are:

• Avail maximum amount of up to Rs. 2.5 crore
• Get a 100% loan amount of the price of the car
• At loan maturity, the car’s age should be 10 years
• Avail loan amount up to 6 times of your annual earnings
• Provision of personalized assistance
• Get customized and convenient repayment plans with affordable price
• Maximum loan tenure is 5 years for a pre-owned car
• Easy and smooth processing
• Get your second-hand car approval quickly
• 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 Cuttack 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 Cuttack 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:

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 Cuttack Eligibility Criteria

The car loan eligibility requirements are as followed:

For Salaried:-

1. Minimum age: 21 years
2. Maximum age at loan maturity: 60 years
3. Minimum employment required: 1 year in recent employment and a minimum of 2 years of employment
4. Minimum Annual Earnings: Rs 2,50,000 net annual income
5. It is available for 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 consumers who own a private company in the business of manufacturing, trading, or services
6. Customers who have an office landline

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

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

How to Apply for Used Car Loan in Cuttack?

Availing a Used Car Loan in Cuttack 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 the details about the type of car and your income
• Wait as our relationship manager will get in contact with you on your provided mobile number.
• You can 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 must have to visit the bank branch personally, which might turn to be hectic for you.

Used Car Loan for Major Car Manufacturers in Cuttack

TABLE WILL APPEAR

Processing Fees / Prepayment Charges on Used Car Loan in Cuttack

CIBIL Score Required for Used Car Loan in Cuttack

The CIBIL score is referred to as what defines your potential to pay off your credits. A higher Credit score means good credit history and makes your Used Car Loan Cuttack 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 Cuttack.

The CIBIL score required for availing a loan for a used car or second-hand cars in Cuttack is 720 and above. Those who have a minimum CIBIL score of 720 is eligible for getting a pre-owned car loan in Cuttack. This score may again differ from bank to bank. In case of a low CIBIL score, 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-interest rate. Thus, a CIBIL score is an important factor for getting a Used Car Loan Cuttack.

Used Car Loan Cuttack Contact Number

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

Pre Calculated EMI Table for Used Car Loan Cuttack

Used Car Loan EMI Calculator Cuttack

About Cuttack

It is the former capital and also a city of Odisha, India. It is a very old city constructed by King Nrupa in 989 A.D. The city is well-known for its exceptional silver filigree work and woven textiles. It is also famous for its Durga puja.