Best Banks for Used Car Loan in Margao
Used Car Loan Margao Features
Used Car Loan is available for you at attractive interest rates for car loans. Used Car Loan Margao provides you financial help for getting a loan for a pre-owned or used car.
The features of the used car loan in Margao are:
- Avail maximum best car loan amount of Rs. 2.5 crore
- Get a 100% loan amount of the car value
- At loan maturity, the car’s age must not exceed 10 years
- Avail loan amount up to 6 times of your annual earnings
- Provision of personalized assistance
- Get customized and convenient repayment plans with reasonably priced
- Maximum loan tenure is up to 5 years for a pre-owned car
- Easy and smooth processing
- Get your second-hand car approval faster
- Loan amount disbursed quickly
- Quick and less documentation
- Get a loan amount of up to 85% of the car value without income proof
- Get benefit from end-to-end advising
Used Car Loan Margao Interest Rates
To check Car Loan Interest Rate for all major banks you can visit: Car Loan Interest Rates
Used Car Loan Margao Documents Required
The documents required for a used car loan in Margao is different for Salaried and Self Employed applicants:
For Salaried:
Any of the following documentation required for identity and residence proof:
- Valid Passport
- Voter ID Card
- Permanent Driving License
- Job Card
- Letter issued by the National Population Register
The following documents for income proof:
- Latest Salary Slip
- Latest Form 16/Latest ITR
- Bank statement of last 6 months
Any of the following document required for signature proof:
- Passport Copy
- Photo Driving License with DOB
- Credit card statement with Credit Card Copy
- Banker’s verification
For Self Employed:
- For age proof, the documents required are Memorandum and Articles of Association/Certificate of Incorporation
- For identity proof, the documents required are Memorandum and Articles of Association/Certificate of Incorporation
- For Income Proof, there is a requirement of Latest ITR and balance sheet with profit and loss account
- Address Proof Documents(Anyone): Memorandum and Articles of Association, Certificate of Incorporation, Telephone Bill, Electricity Bill
- For Sign Verification Proof: Passport Copy, Photo Driving License with DOB, Credit Card Statement, Banker’s Verification
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 Margao Eligibility Criteria
The eligibility for car loan are :
For Salaried:-
- Minimum age: 21 years
- Maximum age at loan maturity: 60 years
- Minimum employment: 1 year in recent employment and a minimum of 2 working years
- Minimum Annual Income: Rs. 2,50,000 net annual income
- Doctors, CAs, employees of private limited companies, employees from public sector undertakings, including central, state, and local bodies included.
For Self-Employed:-
- Minimum age: 21 years
- Maximum age at loan maturity: 60 years
- Minimum employment: 3 years
- Minimum Annual Income: Rs, 2,50,000 per annum
- This includes appliers who own a private company in the business of manufacturing, trading, or services
- Appliers who have an office landline
The following type of firm are also eligible to take a pre-owned car loan in Margao:
- Sole Proprietorship
- Partnership Firms
- Public Limited Companies
- Hindu Undivided Family
How to Apply for Used Car Loan in Margao?
Availing a Used Car Loan in Margao is an easy and smooth process with Dialabank. Follow the following steps to get the best offers:
- Visit our website Dialabank
- Click on the car loan option accessible in the menu
- Fill the details about the car type and your earnings
- Wait as our relationship manager will contact you on your provided number.
- You may also contact our relationship managers on the number 9878981166 in case of any queries about the used car loan.
- For availing a car loan offline you will have to visit the bank branch personally, which might turn to be hectic for you.
Used Car Loan for Major Car Manufacturers in Margao
TABLE WILL APPEAR
Processing Fees / Prepayment Charges on Used Car Loan in Margao
CIBIL Score Required for Used Car Loan in Margao
The CIBIL score is referred to as what defines your capacity to pay off your credits. A higher Credit score means good credit history and makes your Used Car Loan Margao application process hassle-free and easy to be processed. Mostly, banks and NBFCs consider a good credit score to approve your loan application process in Used Car Loan Margao.
The CIBIL score required for availing a loan for a used car or second-hand cars in Margao is 720 and above. Those who have a minimum CIBIL score of 720 is eligible for getting a pre-owned car loan in Margao. This score may differ from bank to bank. In case of a low CIBIL score, then you will pay a high-interest rate on the loan amount while if your CIBIL score is good then you may have to pay a low-interest rate. Thus, a CIBIL score is an important factor for getting a Used Car Loan Margao.
Used Car Loan Margao Contact Number
In case of any queries regarding the used car loan in Margao, you may contact the number 9878981166 for any sort of assistance.
Pre Calculated EMI Table for Used Car Loan Margao
Used Car Loan EMI Calculator Margao
About Margao
Margao is known as Madgao It is the commercial capital of Goa, India. It lies on the banks of the Sal River. It is the administrative headquarters of the Salcete sub-district and South Goa district.
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