Best Banks For Used Car Loan In Payal
Used Car Loan Payal Features
Running out of money and want to buy a pre-owned car, and get a used car loan quickly to complete this procedure!
You can simply choose a used car loan Payal at low-interest rates by getting personalized and convenient repayment plans with easy to pay EMIs.
One can get up to Rs.2.5 crores of loan money by getting approximately 3 to 6 times of your annual income as well as borrow the complete 100% value of the car.
Some other amazing used car loan Payal features include:
- Hassle and complex free process.
- Quick and fast loan approvals and disbursals.
- Easy pickup services of the documents from your door.
- Up to 85% of the value of the car as a loan amount for 5 years and that too without any income proof.
The age of Car should be within 10 years at loan maturity. The maximum loan tenure of 60 months is available with flexible repayment tenures from 12 months to 60 months.
These terms & conditions apply, offers on specific models only.
Visit Dialabank to know more about Used Car Loan Payal.
Used Car Loan Payal Interest Rates
Check the Car Loan Interest rates for used cars:
To check Car Loan Interest Rate for all major banks you can visit: Car Loan Interest Rates
Used Car Loan Payal Documents Required
For Salaried Individual:
Any of the following documents required for car loan for identity and residence 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
For Self Employed**:
Age proof: Memorandum and Articles of Association/Certificate of Incorporation.
Identity proof: Memorandum and Articles of Association/Certificate of Incorporation.
Income proof: Latest ITR and audited balance sheet along with profit & loss account.
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 Payal:
- Sole Proprietorship
- Partnership Firms
- Private Limited Companies
- Public Limited Companies
Used Car Loan Payal Eligibility Criteria
Following points need to be kept in mind while checking the Car loan Eligibility criteria:
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 Payal:
- Sole Proprietorship
- Partnership Firms
- Private Limited Companies
- Public Limited Companies
Used Car Loan For Major Car Manufacturers In Payal
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Processing Fees / Prepayment Charges On Used Car Loan In Payal
Pre Calculated EMI Table For Used Car Loan Payal
Used Car Loan EMI Calculator
About Payal
Payal is a city in Ludhiana, Punjab. It is an ancient city, very old temples more than 64, built-in time or Mughal times, and also find ancient arts in temples. It has about 6 Gurudwaras and a few mosques.
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