Best Banks for Used Car Loan in Mukerian
Used Car Loan Mukerian Features
Thinking about purchasing a car? But have a budget limit? Do not worry! Here’s a car loan for you that will fulfill your dream of owning a car. A car loan is available at used cars also. You will find a wide range of cars and will get a car loan at an affordable rate of interest.
The main features of a Car loan in Mukerian are:
- Avail of car loans on a variety of cars at a low-rate of interest.
- Almost all banks provide car loans in Mangaldoi
- You can also track your loan application
- Repayment plans are flexible.
- There are also offers available on specific models**(terms and conditions apply)
- Car loans are easily available through DialaBank
Used Car Loan Mukerian Interest Rate
To check Car Loan Interest Rate for all major banks you can visit: Car Loan Interest Rates
Used Car Loan Mukerian Documents Required
documents required for a car loan are mention here:
For Salaried:
- 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
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For proof of income: Latest Salary Slip, Latest Form 16/Latest ITR, Last 6 months bank statement
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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
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 Mukerian Eligibility Criteria
eligibility criteria for a car loan are the completion of the following conditions:
For Salaried:-
- This includes doctors, CAs, employees of private limited companies, employees from public sector undertakings, including central, state, and local bodies
- The Minimum age of the candidate should be 21 years and the maximum age should be 60 years
- Individuals who have had a job for at least 2 years, with a minimum of 1 year with the current employer are eligible
- Minimum Annual Income should be Rs 2,50,000
For Self-Employed:-
- The minimum age of the candidate should be 21 years and the maximum age should be 60 years
- Only Individuals who have been in business for a minimum of 3 years are eligible
- An Individual should earn at least Rs 2,50,000 per anum
- This includes individuals who own a private company in the business of manufacturing, trading, or services
Used Car Loan for Major Car Manufacturers in Mukerian
TABLE WILL APPEAR
Processing Fees / Prepayment Charges on Used Car Loan Mukerian
CIBIL Score Required for Used Car Loan in Mukerian
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 Mukerian.
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.
A good CIBIL score provides an opportunity to negotiate and reduce the car loan interest rate to a certain extent.
Used Car Loan Mukerian Contact Number
In case of any queries regarding the car loan in Mukerian, you may contact on the number 9878981166 for any sort of assistance.
Pre Calculated EMI Table for Car Loan Mukerian
Used Car Loan EMI Calculator
About Mukerian
Mukerian is a city and municipal council of the Hoshiarpur district in Punjab, India. Mukerian Hydel Project is one of the biggest irrigation projects in India. The Pong Dam across the River Beas is about 35 kilometers from Mukerian. Mukerian is located on National Highway 44 and state highway 15 about 450 kilometers north of New Delhi.
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