Used Car Loan Jamnagar

About Used Car Loan Jamnagar

Buying a car has always been a tough job as the prices of cars are touching the sky. There are only a few people who have the funds in their bank account to manage to buy even a used vehicle.

The solution to this problem is availing a Used Car Loan that offers monetary help to people who wishes to buy a preowned vehicle.

Features and Benefits of Used Car Loan Jamnagar

• Loan approvals in 24 hours.
• Flexible re-payment option(s), which ranges from 12 to 60 months
• The car model should not be older than 5 years from the present time
• Attractive interest rates.
• Finance up to 92% of the car’s value
• Choose any car available in India
• Repay your Loan with easy EMIs
• Hassle-free loans – no post-dated cheques required
• Easy and simple documentation.

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

Eligibility Criteria for Used Car Loan Jamnagar

The car loan eligibility requirements are as followed:

Salaried Individuals

1. The age of the applicant should be minimum of 21 years and a maximum of 65 years.
2. Minimum employment 1 year in present company and a minimum of 2 years of work in total.
3. The monthly income of the applicant should be Rs 24,000.

Self-Employed

1. Minimum age 30 years. 25 years if you have earning co-applicant.
2. Maximum age at loan maturity 60 years
3. Minimum employment At least two years in business
4. THE minimum ITR filed should be 2.5 lakhs annually for two consecutive years.

Documents for Used Car Loan Jamnagar

Documents required for a car loan are as followed:

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.

Car Loans in Other Cities

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