Used Car Loan Palladam

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Used Car Loan Palladam



About Used Car Loan Palladam

Used Car Loan Palladam

Buying a car has always been a tough job as the prices of cars are touching the sky. There are only a few people who have the funds in their bank account to manage buying even a used vehicle.

The solution to this problem is availing a Used Car Loan that offers monetary help to people who wish to buy a preowned vehicle.

Features and Benefits of Used Car Loan Palladam

Some other amazing used car loan Palladam features include:

  • Loan approvals in 24 hours.
  • Flexible re-payment option(s), which ranges from 12 to 60 months
  • Car model should not be older than 5 years from the present time
  • Attractive interest rates.
  • Finance up to 92% of the car’s value
  • Choose any car available in India
  • Repay your Loan with easy EMIs
  • Hassle free loans – no post dated cheques required
  • Easy and simple documentation.

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

Eligibility Criteria for Used Car Loan Palladam

Following points need to be kept in mind while checking the Car loan Eligibility criteria:

Salaried Individuals

  1. Age of the applicant should be minimum of 21 years and maximum of 65 years.
  2. Minimum employment 1 year in present company and a minimum of 2 years of work in total.
  3. Monthly income of the applicant should be Rs 24,000.


  1. Minimum age 30 years. 25 years if you have earning co-applicant.
  2. Maximum age at loan maturity 60 years
  3. Minimum employment At least two years in business
  4. Minimum ITR filed should be 2.5 lakhs annually for two consecutive years.

Documents for Used Car Loan Palladam

Any of the following documents required for a car loan for identity and residence proof:

  1. Identity Proof: Passport copy, PAN Card, Voters ID card, Driving License, Aadhar Card
  2. Income Proof: For Salaried Latest 3 months salary slip and 6 months bank statement. For Self- Employed Last 2 ITR filed and 6 months bank statement.
  3. Address Proof: Ration card / Driving license / Voters card / Passport Copy / Telephone Bill / Electricity Bill / Life Insurance Policy / PAN Card / Aadhar Card
  4. Bank Statement: Bank statements for the last six months is also required.

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