Used Car Loan Khambhalia

Best Banks for Used Car Loan in Khambhalia

Used Car Loan Khambhalia Features

Are you searching for a car? But the costs of cars are just too expensive nowadays. Don’t worry! You will still able to get a car by applying for a car loan. You can get a used car also as new car prices are much higher. You can get a loan on used cars as well, the rates of interests are really low and affordable.

The main features of a car loan in Khambhalia are:

• A low rate of interest is available on a car loan.
• Almost all banks provide car loans in Khambhalia.
• Get each and every update regarding your loan application.
• Flexible repayments are available.
• You can track your application easily.
• Enjoy an easy and quick documentation process.
• Car loans are easily available through DialaBank

Used Car Loan Khambhalia Interest Rate

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

Used Car Loan Khambhalia Documents Required

For Salaried:

• For Identity & Address Proof: Valid Passport, Permanent Driving license [recent, legible, laminate], Voters ID Card, Job card issued by NREGA, Letter issued by the National Population Register containing details of name & address

• For  proof of income: Latest Salary Slip, Latest Form 16/Latest ITR, Last 6 months bank statement

• For sign verification proof: Passport Copy, Photo Driving License with DOB (recent, legible, laminated), Credit Card Statement with Credit Card Copy, Banker’s Verification, Copy of Margin Money Paid to the Bank

For Self Employed:

• Memorandum and Articles of Association/Certificate of Incorporation as age proof
• Memorandum and Articles of Association/Certificate of Incorporation as identity proof
• Latest ITR and audited balance sheet along with profit & loss account as proof of income
• Required documents for address proof:- Memorandum and Articles of Association, Certification of Incorporation, Telephone Bill, Electricity Bill

• Required documents 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 Khambhalia Eligibility Criteria

For Salaried:-

1. This includes doctors, CAs, employees of private limited companies, employees from public sector undertakings, including central, state, and local bodies
2. The minimum age of the candidate should be 21 years and the maximum age should be 60 years
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

For Self-Employed:-

1. The minimum age of the candidate should be 21 years and the maximum age should be 60 years
2. Only Individuals who have been in business for a minimum of 3 years are eligible
3. An Individual  should earn at least Rs 2,50,000 per anum
4. This includes individuals  who own a private company in the business of manufacturing, trading, or services

Used Car Loan for Major Car Manufacturers in Khambhalia

TABLE WILL APPEAR

Processing Fees / Prepayment Charges on Used Car Loan Khambhalia

CIBIL Score Required for Used Car Loan in Khambhalia

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 Khambhalia.

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 Khambhalia Contact Number

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

Pre Calculated EMI Table for Car Loan Khambhalia

Used Car Loan EMI Calculator

About Khambhalia

Jamkhambhaliya, also known as Khambhalia, is a town and a municipality in the Devbhoomi Dwarka district of Gujarat, India. It is the headquarters and the largest town of the district. Jamkhambhalia is renowned across the world for its pure quality of Ghee.

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