Used Car Loan Nilambur

Best Banks For Used Car Loan In Nilambur

Used Car Loan Nilambur Features

Thinking about getting a car on a loan? You’re at the right place then. Here, you will find all the details about getting a car loan in Nilambhur. You can get a car loan on used cars as well. The rates of interest are low and affordable. You can find some other features below.

The main feature of car loan in Nilambhur are:

• Avail of car loans on a wide range of cars at an affordable rate of interest.
• Almost all major banks provide car loans in Nilambur.
• Flexible repayments are available.
• Up to 80% of the value of the car as a loan amount for 3 years and that too without any income proof.
• There are offers available on specific model*(Terms & conditions apply)
• Visit Dialabank to know more about Used Car Loan Nilambhur.

Used Car Loan Nilambur Interest Rates

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

Used Car Loan Nilambur Documents Required

For Salaried Individual:

Any of the following documents as identity & Address Proof:

• Valid Passport
• Permanent Driving license [recent, legible, laminate]
• Letter issued by the National Population Register containing details of name & address
• Voters ID Card
• Job card issued by NREGA

All the following documents as proof of income:

• Latest Salary Slip
• Latest Form 16/Latest ITR
• Last 6 months bank statements

Any of the following for sign verification proof:

• Credit Card Statement with Credit Card Copy
• Banker’s Verification
• Passport Copy
• Photo Driving License with DOB (recent, legible, laminated)
• Copy of Margin Money Paid to the Bank

For Self Employed:

• For Age proof: Memorandum and Articles of Association/Certificate of Incorporation.
• For Identity proof: Memorandum and Articles of Association/Certificate of Incorporation.
• For Income proof: Latest ITR and audited balance sheet along with profit & loss account.
• Any of the above documents as address proof: Telephone Bill, Memorandum and Articles of Association, Certification of Incorporation, Electricity Bill
• Any of the above documents for sign verification proof: Passport Copy, Credit Card Statement with Credit Card Copy, Banker’s Verification, Photo Driving License with DOB (recent, legible, laminated), Copy of Margin Money Paid to the Bank.
• The following type of companies can also apply for a Used Car Loan:

1. Sole Proprietorship
2. Partnership Firms
3. Private Limited Companies
4. Public Limited Companies

Used Car Loan Nilambur Eligibility Criteria

The following people are eligible to apply for a Pre-Owned Car Loan:

Salaried Individual:

• The applicant must be: Who is a doctor, CAs, private limited company employee, employees from public sector undertakings including central, state, and local bodies.
• Age Range: Individuals who are a minimum of 21 years of age when applying for the loan, and a maximum of 60 years of age at the end of the loan tenure
• Minimum Work Experience: Individuals who at least have had a job for 2 years, with a minimum of 1 year with the present employer.
• Minimum Earning: Those who earn a minimum of Rs. 2,50,000 per year., The income of the spouse can be considered as one with the applicant’s income.

Self Employed:

• This includes individuals who own a private company in the business of manufacturing, trading, or services
• Rs. 2,50,000 per annum should be a minimum earning.
• Individuals who have an office landline.
• The following type of companies are also eligible for a Used Car Loan :

1. Sole Proprietorship
2. Partnership Firms
3. Private Limited Companies
4. Public Limited Companies

Used Car Loan For Major Car Manufacturers In Nilambur

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Processing Fees/Prepayment Charges On Used Car Loan In Nilambur

Pre Calculated EMI Table For Used Car Loan Nilambur

Used Car Loan EMI Calculator