Used Car Loan Jorhat

Best Banks for Used Car Loan in Jorhat

Used Car Loan Jorhat Features

Want to get a new car? But can’t afford it? No need to worry! A car loan is here for you. A car loan means you’ll get financial help from banks at an affordable rate of interest. By applying for a car loan, you can easily get the car of your choice. You can get a car loan on used or pre-owned cars also.

The main features of a car loan in Jorhat are:

• Loans are available on a wide range of used cars at low-interest rates
• Almost all major banks and NBFCs offer car loans in Trichur
• Enjoy hassle-free processing and quick approvals
• Car loans are easily available through DialaBank

Used Car Loan Jorhat Interest Rate

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

Apply for a Car Loan

Used Car Loan Jorhat Documents Required

An individual must check the documents required for car loan before deciding.

For Salaried:

• Documents required for Identity & Address Proof:- Valid passport, permanent driving license (recent, legible, laminate), Letter issued by the National Population containing details of name and address, Voters ID card,  Job card issued by NREGA

• Documents required for Income Proof:- Latest salary slip, Latest 16/Latest ITR

• Documents required for sign verification Proof:- Passport copy, Photo Driving License with DOB(recent, legible, laminated), Banker’s verification, Credit card statement with credit card copy, Copy of Margin Money paid to the bank

For Self Employed:

• Documents required for age proof:- Memorandum and Articles of Association/Certificate of Incorporation
• Documents required for identity proof:- Memorandum and Articles of Association/Certificate of Incorporation
• Documents required for Income proof:-Latest ITR and audited balance sheet along with profit & loss account
• 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 Jorhat Eligibility Criteria

An individual must examine the Eligibility criteria for car loan along with the process.

For Salaried:-

1. Individuals who are a minimum of 21 years of age
2. Individuals who are a Maximum age of 60 years at the time of loan maturity
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
5. Doctors, CAs, employees of private limited companies, employees from public sector undertakings, including central, state, and local bodies are also eligible

For Self-Employed:-

1. The Minimum age of the candidate should be 21 years
2. The Maximum age at loan maturity of the candidate should be 60 years
3. Only Individuals who have been in business for a minimum of 3 years are eligible
4. Minimum annual income should be Rs 2,50,000 per anum
5. This includes individuals  who own a private company in the business of manufacturing, trading, or services

Used Car Loan for Major Car Manufacturers in Jorhat

TABLE WILL APPEAR

Processing Fees / Prepayment Charges on Used Car Loan Jorhat

CIBIL Score Required for Used Car Loan in Jorhat

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 Jorhat.

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 Jorhat Contact Number

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

Pre Calculated EMI Table for Car Loan Jorhat

You can calculate your EMI here: Car Loan EMI Calculator

Used Car Loan EMI Calculator

About Jorhat

Jorhat means two hats or mandis- “Macharhat” and “Chowkihat” which existed on the opposite banks of the river Bhogdoi. During the 18th century, Jorhat was the last capital of the Ahom Kingdom, as a planned town under royal patronage. It is often spelled as “Jorehaut” during the British reign.

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