Used Car Loan Mysore

Best Banks for Used Car Loan in Mysore

Used Car Loan Mysore Features

• Avail maximum loan amount of Rs. 2.5 crore
• Avail of a 100% loan amount of the car value
• At loan maturity, the car’s age must not exceed 10 years
• Get a loan amount up to 6 times of your annual income
• Provision of personalized assistance
• Get customized and convenient refund plans with reasonably priced
• The maximum loan tenure period is up to 5 years for a pre-owned car
• Easy and hassle-free processing
• Get your second-hand car approval faster
• Loan amount disbursed rapidly
• Quick and simple documentation
• Avail of a loan amount of up to 85% of the car value without income proof
• Get benefit from end-to-end advising

Used Car Loan Mysore Interest Rates

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

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Used Car Loan Mysore Documents Required

Documents required for car loan are as followed:

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:

1. For age proof, the documents required are Memorandum and Articles of Association/Certificate of Incorporation
2. For identity proof, the documents required are Memorandum and Articles of Association/Certificate of Incorporation
3. For Income Proof, there is a requirement of Latest ITR and balance sheet with profit and loss account
4. Address Proof Documents(Anyone): Memorandum and Articles of Association, Certificate of Incorporation, Telephone Bill, Electricity Bill
5. 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 Mysore Eligibility Criteria

The car loan eligibility requirements are as followed:

For Salaried:-

1. Minimum age: 21 years
2. Maximum age at loan maturity: 60 years
3. Minimum employment: 1 year in current employment and 2 working years of employment
4. Minimum Annual Income: Rs. 2,50,000 net annual income

For Self-Employed:-

1. Minimum age: 21 years
2. Maximum age at loan maturity: 60 years
3. Minimum employment: 3 years
4. Minimum Annual Income: Rs. 2,50,000 per annum
5. This includes appliers who own a private company in the business of manufacturing, trading, or services
6. Appliers who have an office landline

The following type of firm are also eligible to take a pre-owned car loan in Mysore:

• Sole Proprietorship
• Partnership Firms
• Public Limited Companies
• Hindu Undivided Family

How to Apply for Used Car Loan in Mysore?

Availing a Used Car Loan in Mysore 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 get in contact with you on your provided contact number.
• You may also contact our relationship managers on the number 9878981166 if you have queries regarding 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 Mysore

TABLE WILL APPEAR

Processing Fees / Prepayment Charges on Used Car Loan in Mysore

CIBIL Score Required for Used Car Loan in Mysore

The CIBIL score is referred to as what defines your potential to pay off your credits. A higher Credit score means good credit history and makes your Used Car Loan Mysore 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 Mysore.

The CIBIL score required for availing a loan for a used car or second-hand cars in Mysore is 720 and above. Those who have a minimum CIBIL score of 720 is eligible for getting a pre-owned car loan in Mysore. This score may again differ from bank to bank. In case of a low CIBIL score, you will have to 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 Mysore.

Used Car Loan Mysore Contact Number

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

Pre Calculated EMI Table for Used Car Loan Mysore

Used Car Loan EMI Calculator Mysore

About Mysore

Mysore, precisely Mysuru, is a city in the southern portion of the state of Karnataka, India. It assisted as the principal city of the Kingdom of Mysore for nearly six centuries from 1399 until 1956.

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