Used Car Loan Goalpara

All About Used Car Loan Goalpara

What is Used Car Loan Goalpara?

In simple word used car loans is to buy second hand or used cars it is for those peoples those are want to buy a car, but they couldn’t afford to buy a new car that they are going to buy a second-hand car. Banks provide loans for financing second-hand cars. But you need to stick to their terms and condition policy for finance. Owning a car is not just a luxury but has become a necessity nowadays. From travelling independently at your own will to providing your family with ease and convenience, owning a car is often one of the most important things on everyone’s bucket list.

Interest Rates for Used Car Loan Goalpara

The interest rate for used cars is 14.00% of the total amount. The Loan gets disbursed in your bank account in just 2-3 days.  This interest is charged on the basis of reducing method.  For example, If you applied for a loan of Rs. 6,00,000 and after completion of one year you have to pay an amount of Rs. 5,00,000 then 14% will be charged on this particular amount and same will be continued.

Eligibility Criteria for Used Car Loan Goalpara

Salaried Individuals

1. First of all, age of the applicant should be minimum of 21 years and maximum of 65 years.

2. After that, minimum employment 1 year in present company and a minimum of 2 years of work in total.

3. Also, Monthly income of the applicant should be Rs 24,000.

Self-Employed

1. Firstly, the Minimum age of the applicant should be 30 years and 25 years if you have an earning co-applicant.

2. Secondly, Maximum age of the applicant at loan maturity is 60 years.

3. After that, applicant should have Minimum employment at least two years in business.

4. Most noteworthy, Minimum ITR filed should be 2.5 lakhs annually for two consecutive years.

Note: Used Car Loan is not given to rented customers. There is only one condition to get the loan in this case, the applicant should be a government employee.

Why should one choose Used Car Loan Goalpara?

1. Easy repayment options.

2. Instant funding/ quick disbursal.

3. Loan Tenure varies from 1 to 7 years.

4. Affordable rate of Interest

5. Quickly and hassle-free documentation.

6. No hidden charges.

Documents required for Used Car Loan Goalpara

1. Identity Proof: Passport copy, PAN Card, Voters ID card, Driving License, Aadhar Card

2. Income Proof: For Salaried Latest 3 months salary slip and 6 months bank statement. For Self- Employed Last 2 ITR filed and 6 months bank statement.

3. Address Proof: Ration card / Driving license / Voters card / Passport Copy / Telephone Bill / Electricity Bill / Life Insurance Policy / PAN Card / Aadhar Card

4. Bank Statement: Bank statements for the last six months is also required.

5. RC and Insurance Copy

6. Rent agreement is needed only in case of government employees.

Additional Information for Used Car Loan Goalpara

1. First of all, the CIBIL of the applicant needs to be more than 700.

2. In this, the loan tenure is from 12 months to 60 months.

3. The minimum amount of credit that can be claimed by the applicant is Rs. 1 lakh.

4. The persons are having CIBIL 0, 1, -1 is also considered for the loan.

5. Car Loan is given on car models of after 2013.

6. In case of luxury cars, the loan can be given for models after 2011.

7. The amount of loan that the customer will get is 85% of Insurance Value.

Why should you choose DialaBank for a used car loan?

1. Dialabank offers you a car with the lowest interest rates and with hassle free documentation.

2. Dialabank Used Car Loan is one of the best options that allow an individual to buy a car.

3. We offer car loans up to up to 5 years tenure.

4. Apply now on our official website for instant approval and faster processing.

How to apply for Used Car Loan Goalpara?

1. Visit Dialabank

2. Go to the loan section and select auto loan followed by car loan link.

3. Provide all your information, including your phone number.

4. You will recieve a phone call from our experts, and they will guide you further.

About Goalpara

Goalpara district is an district of the Indian state of Assam, India. Now it is effortless to avail used car loan with the help of Dialabank.

Used Car Loan Providers

1. HDFC Car Loan

2. Kotak Mahindra Car Loan

3. Yes Bank Car Loan

4. Axis Bank Car Loan

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