Used Car Loan Pen

Best Banks For Used Car Loan In Pen

Used Car Loan Pen Features

Running low on finances? Want to get a pre-owned car? Apply for a used car loan to quickly complete the procedure!

You can choose for a used car loan Pen for low interest rates by getting customized and personal repayment plans with easy to pay EMIs.

One can get a loan of up to Rs.2.5 crores of loan money by approximately getting 3 to 6 times of your annual income as well as borrow up to 100% of the value of the car

Some other amazing used car loan Pen 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.

*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 Pen.

Used Car Loan Pen Interest Rates

Check the latest interest rates of used car loan at dialabank.

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

Used Car Loan Pen Documents Required

These are the documents required for used Car loan-

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
• 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 Pen:

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

Used Car Loan Pen Eligibility Criteria

This is the eligibility criteria for used car loan-:

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 Pen:

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

Used Car Loan For Major Car Manufacturers In Pen

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Processing Fees / Prepayment Charges On Used Car Loan In Pen

Pre Calculated EMI Table For Used Car Loan Pen

Used Car Loan EMI Calculator

About Pen

Pen is a town in Raigad district in the state of Maharashtra. It is well-known for world-class Ganesh idols. It is the geographical and cultural center of the Raigad district.

Note-: Check your CIBIL score for used car loan at dialabank.