Best Banks For Used Car Loan In
Ooty
Used Car Loan Ooty Features-
- You can simply opt for a used car loan 0oty at low-interest by availing of custom and convenient repayment plans with easy pay EMIs.
- Now Get the best out of the best-used car loan to simply remove all your financial hurdles while buying a pre-owned vehicle!
- One can avail of up to Rs.2.5 crore of loan amount by getting approximately 3 to 6 times your annual income as well as can borrow up to 100% of the value of the car*
Some other amazing used car loan 0oty features include:
- Easy and fast pickup services of the documents from your doorstep.
- Hurdle and complex free process.
- Quick and fast loan approvals and disbursals.
- Get Up to 85% of the value of the car as a loan amount for 5 years and that too without any income proof.
*Age of Car should not cross 10 years at loan maturity. The maximum loan tenure of 60 months is available with flexible repayment tenures from 12 months to 60 months.
Terms & conditions apply, offers on specific models only.
Visit Dialabank to know more about Used Car Loan 0oty.
Used Car Loan Ooty Interest Rates
To check Car Loan Interest Rate for all major banks you can visit: Car Loan Interest Rates
Used Car Loan Ooty Documents Required
An individual must check the documents required for car loan before deciding.
If You Are 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
- Bank Statements for the previous 6 months
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
If You Are Self Employed**.
- Identity proof: Memorandum and Articles of Association/Certificate of Incorporation.
- Income proof: Latest ITR and audited balance sheet along with profit & loss account.
- Age proof: Memorandum and Articles of Association/Certificate of Incorporation.
Any of the following documents as address proof:
- Telephone Bill
- Memorandum and Articles of Association
- Certification of Incorporation
- Electricity Bill
Any of the following 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 0oty:
- Sole Proprietorship
- Partnership Firms
- Private Limited Companies
- Public Limited Companies
Used Car Loan Ooty Eligibility Criteria
An individual must fulfil the Eligibility criteria for car loan to avail of the loan amount.
The following people are eligible to apply for a Pre-Owned Car Loan:
For 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.
For Self Employed***:
- This includes individuals who own a private company in the business of manufacturing, trading, or services.
- minimum earning should be Rs. 2,50,000 per annum.
- Individuals who have an office landline.
***The following type of companies are also eligible for a Used Car Loan 0oty:
- Sole Proprietorship
- Partnership Firms
- Private Limited Companies
- Public Limited Companies
Used Car Loan For Major Car Manufacturers In Ooty
TABLE WILL APPEAR
Processing Fees / Prepayment Charges On Used Car Loan In Ooty
Pre Calculated EMI Table For Used Car Loan Ooty
You can calculate your EMI here: Car Loan EMI Calculator
Used Car Loan EMI Calculator
About Ooty-
Ooty, officially known as Udagamandalam is a town and a municipality in the Nilgiris district of the Indian state of Tamil Nadu. It is located 86 km north of Coimbatore and 128 km south of Mysore and is the headquarters of the Nilgiris district. It is a popular hill station located in the Nilgiri hills. Residents call it Queen of Hills.
Originally occupied by the Toda people, the area came under the rule of the East India Company at the end of the 18th century. The economy is based on tourism and agriculture, along with the manufacture of medicines and photographic film. The town is connected by the Nilgiri ghat roads and Nilgiri Mountain Railway. Its natural environment attracts tourists and it is a popular summer destination. In 2011, the town had a population of 88,430. Ooty is well connected to the road network. Bus services operated by TNSTC, KSRTC, and KSRTC (Kerala) connect major towns in the state, nearby towns in the district such as Coonoor about 18 km, Kotagiri about 31 km, and Gudalur about 50 km and nearby cities to Mysore, Bangalore, Gudalpet, Mandya, Hassan, Malappuram, Wayanad, Calicut & Kannur.
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