All About Used Car Loan Mughalsarai
Every climate comes with its challenges. If you are facing financial difficulties in buying a car, then you can apply for a Used Car Loan from us at low prices with less documentation, processing fee and quick approval of loan amount.
Why should one choose Used Car Loan Mughalsarai?
- Easy repayment of the loan amount.
- Instant funMughalsarai of loan amount.
- Quick disbursal of loan.
- Loan Tenure varies from 1 to 7 years.
- Affordable rate of Interest.
- Quickly and hassle-free documentation.
- No hidden charges.
Interest Rates for Used Car Loan Mughalsarai
The car loan interest rate for used cars is 14.00%, and it is charged on reducing method. For example, If you have availed a loan of Rs. 9,00,000 and after completion of one year you paid an amount of Rs. 5,00,000 then 14% will be charged on the remaining amount and same will be continued.
Eligibility Criteria for Used Car Loan Mughalsarai
Eligibility criteria for car loan are discussed in the below contents.
Salaried Applicant:
- Age of the applicant should be minimum of 21 years and maximum of 60 years.
- Minimum employment one year in present company and a minimum of 2 years of work in total.
- Customer monthly income should be Rs 24,000.
Self-Employed Applicant:
- Minimum age 30 years and if you have earning co-applicant than its 25 years.
- Maximum age at loan maturity 60 years
- Minimum employment at least two years in business
- Minimum ITR filed should be 2.5 lakhs annually for two consecutive years.
Why should you choose Dialabank for a Used Car Loan Mughalsarai?
- We provide a loan at a low rate of interest and with the hassle-free documentation process.
- Further, with our relationship manager, you will be able to avail the loan at competitive prices by comparing it with other financial institutions.
- Dialabank Used Car Loan is one of the best that allows an individual to buy a car at a nominal amount.
- Apply now on our website for instant approval and faster processing of your car loan.
Documents for Used Car Loan Mughalsarai
Documents required for car loan and other eligibility are discussed below.
- Identity Proof: Passport copy, PAN Card, Voters ID card, Driving License, Aadhar Card
- Income Proof: For Salaried Latest 3 months salary slip and six months bank statement. For Self- Employed Last 2 ITR filed and six months bank statement.
- Address Proof: Ration card / Driving license / Voters card / Passport Copy / Telephone Bill / Electricity Bill / Life Insurance Policy / PAN Card / Aadhar Card
- Bank Statement: Bank statements for the last six months is also required.
- RC and Insurance Copy is also required.
- Rent agreement: It is needed only in case of government employees.
Additional Information for Used Car Loan Mughalsarai
- The CIBIL score of the applicant needs to be more than 700.
- The loan tenure is from 12 months to 60 months.
- The minimum amount of credit that can be claimed by the applicant is Rs. 1 lakh.
- The persons are having CIBIL 0, 1, -1 is also considered for the loan.
How to Apply for Used Car Loan Mughalsarai?
- Firstly, you need to visit our website Dialabank.
- Besides that, click on the car loan option displayed on the front page of our website.
- In addition to that, fill an application form with all your required details and apply for a car loan.
- Than, you will receive a phone call from our experts, and they will guide you further.
About Mughalsarai
Mughalsarai is a town in the district Chandauli of Uttar Pradesh state, India. It is very beneficial for an individual to take Used Car Loan from us, all you have to visit Dialabank website.
