Used Car Loan Kavali

Used Car Loan Kavali

In today’s world, buying a car is a tough task as the prices of buying a car are touching the sky. Not many have the funds in their bank account to buy a used vehicle, let alone a brand new car.

The best possible solution to this problem is availing a Used Car Loan that offers monetary help to those who wish to buy a pre-owned vehicle.

Table of Contents

1. Best Banks for a Used Car Loan Kavali
2. Used Car Loan Kavali Features
3. Used Car Loan Kavali Interest Rates
4. Documents Required for Used Car Loan Kavali
5. Eligibility to apply for a Pre-Owned Car Loan Kavali
6. Used Car Loan for Major Car Manufacturers in Kavali
7. Used Car Loan Kavali Processing Fee
8. Used Car Loan Kavali Contact Number

 Best Banks for a Used Car Loan Kavali

Used Car Loan Kavali Features

• Loan Amount Avail of loans up to Rs.2.5 crore on a wide range of used cars.
• Car model should not be older than 5 years from the present time.
• Flexible Repayment Tenure – From 12 months to 84 months.
• Hassle free loans – no post dated cheques required.
• Finance up to 92% of the car’s value.
• Repay your Loan with easy EMIs.
• Loan approvals within 24 hours.
• Quick and easy Processing

               Used Car Loan Kavali Interest Rates

Given below are details on car loan interest rate

    Documents Required for Used Car Loan Kavali

Below are the documents required for car loan

     Salaried Individuals 

Any of the following documents as identity or address proof:

• • Valid Passport
  • Permanent Driving license
  • Voters ID Card
  • Job card issued by NREGA
  • Letter issued by the National Population Register containing details of name & address

All the following documents as proof of income:

• • Latest Salary Slip
  • Latest Form 16/Latest ITR
  • HDFC Bank corporate salary account statement for salary credits above Rs. 80,000 for the previous 3 months

  Any of the following as sign verification proof:

  • Passport Copy
  • Photo Driving License with DOB
  • Credit Card Statement with Credit Card Copy
  • Banker’s Verification
  • Copy of Margin Money Paid to the Bank

  Self Employed Individuals (Sole Proprietorship):

  Any of the following documents as address proof:

  • Memorandum and Articles of Association
  • Certification of Incorporation
  • Telephone Bill
  • Electricity Bill

  Any of the following as sign verification proof:

  • Passport Copy
  • Photo Driving License with DOB
  • Credit Card Statement with Credit Card Copy
  • Banker’s Verification
  • Copy of Margin Money Paid to the Bank

• Eligibility to apply for a Pre-Owned Car Loan Kavali:

• The eligibility criteria for car loan is described below.

• Salaried Individuals:
  • • This includes doctors, CAs, employees of private limited companies, employees from public sector undertakings, including central, state and local bodies
    • Individuals who are a minimum of 21 years of age at the time of applying for the loan, and no older than 60 at the end of the loan tenure
    • Individuals who have had a job for at least 2 years, with a minimum of 1 year with the current employer
    • Those who earn a minimum of Rs. 2,50,000 per year, including the income of the spouse.
    • It is important to check and maintain cibil score.

  Self Employed Individuals (Sole Proprietorship):

  • • • This includes self-employed sole proprietors in the business of manufacturing, trading or services
      • Individuals who are a minimum of 25 years of age at the time of applying for the loan, and no older than 65 at the end of the loan tenure
      • Those who have been in business for a minimum of 3 years
      • Should earn at least Rs. 2,50,000 per annum

 Used Car Loan for Major Car Manufacturers in Kavali

Apply For Loan Online

Used Car Loan Kavali Processing Fee

Used Car Loan Kavali Contact Number:

9910324678