Best Banks for Used Car Loan in Nellore
Used Car Loan Nellore Features
Used Car Loan is available for you at attractive interest rates. Used Car Loan Nellore provides you financial help for getting a loan for a pre-owned or used car.
The features of the used car loan in Nellore are:
- Get a maximum loan amount of Rs. 2.5 crore
- Get a 100% loan amount of the car value
- At loan maturity, the age of the car should not exceed 10 years
- Avail loan amount up to 6 times of your yearly income
- Provision of personalized assistance
- Get customized and convenient refund plans with reasonably priced
- Maximum loan tenure is up to 5 years for a pre-owned car
- Simple and smooth processing
- Get your second-hand car approval faster
- Loan amount disbursed rapidly
- Easy and less documentation
- Get a loan amount of up to 85% of the car value without proof of salary
- Get benefit from end-to-end advising
Used Car Loan Nellore Interest Rates
To check Car Loan Interest Rate for all major banks you can visit: Car Loan Interest Rates
Used Car Loan Nellore Documents Required
Documents required for a 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:
- 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 the 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 Nellore Eligibility Criteria
The car loan eligibility requirements are as followed:
For Salaried:-
- Minimum age: 21 years
- Maximum age at loan maturity: 60 years
- Minimum employment: 1 year in current employment and 2 years of employment
- Minimum Annual Salary: 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 can avail of a loan for a pre-owned car.
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 involves appliers who own a private company in the business of manufacturing, trading, or services
- Applicants who have an office landline
The following type of firm are also eligible to take a pre-owned car loan in Nellore:
- Sole Proprietorship
- Partnership Firms
- Public Limited Companies
- Hindu Undivided Family
How to Apply for Used Car Loan in Nellore?
Availing a Used Car Loan in Nellore 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 in the details about the car type and your earnings
- Wait as our relationship manager will contact you soon on your provided phone number.
- You may also contact our relationship managers on 9878981166 in case of any 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 Nellore
TABLE WILL APPEAR
Processing Fees / Prepayment Charges on Used Car Loan in Nellore
CIBIL Score Required for Used Car Loan in Nellore
The CIBIL score refers to what defines your potential to pay off your credits. A higher Credit score means good credit history and makes your Used Car Loan Nellore 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 Nellore.
The CIBIL score required for availing a loan for a used car or second-hand cars in Nellore is 720 and above. Those who have a minimum CIBIL score of 720 is eligible for getting a pre-owned car loan in Nellore. This score may again differ from bank to bank. In case of a low CIBIL score than the required value, you will pay a high-interest rate on the loan amount while if you are having a good CIBIL score then you may have to pay a low interest rate. Thus, a CIBIL score is an important factor for getting a Used Car Loan Nellore.
Used Car Loan Nellore Contact Number
In case of any queries regarding the used car loan in Nellore, you may contact the number 9878981166 for any sort of assistance.
Pre Calculated EMI Table for Used Car Loan Nellore
Used Car Loan EMI Calculator Nellore
About Nellore
Nellore is a city in Andhra Pradesh state, India. It is located in the Nellore district. Venkata Giri Poleramma Jathara is a very famous festival which attracts people to visit here.
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