Used car loan Phagwara Features
Are you looking for a car? Do you want to learn driving but have a fear of damaging the new car? Now you apply for a used car loan and can get it on easy documentation. Having your own car helps you in many ways and it saves time as well.
Benefits of Used Car Loan Phagwara
- An easy monthly repayment option is available.
- Instantly available.
- Affordable Interest Rates.
- Easily and quickly available loans.
- There are no hidden charges.
Used Car Loan Phagwara Interest Rates
To check Car Loan Interest Rate for all major banks you can visit: Car Loan Interest Rates
Used Car Loan Phagwara Documents Required
documents required for a car loan are mentioned here-under:
For Salaried:
- Identity Proof: PAN Card, Voters ID card, Passport copy, Driving License
- Income Proof: Latest 3-month salary slip with form 16
- Address Proof: Driving license / Voters card / Passport Copy / Telephone Bill / Ration card / Electricity Bill / Life Insurance Policy /PAN Card
- Bank Statement: Last 3 months.
For Self Employed:
- Identity Proof: PAN Card, Voters ID card, Passport copy, Driving License
- Income Proof: Latest ITR
- Address Proof: Voters card / Passport Copy / Ration card / Telephone Bill / Driving license / Electricity Bill / Life Insurance Policy /PAN Card
- Bank Statement: Last 3 months.
Public Limited Companies, Private Limited Companies, Hindu Undivided Family – HUF can also avail used car loan.
Used Car Loan Phagwara Eligibility Criteria
eligibility criteria for a car loan are the completion of the following conditions:
For Salaried:-
- Minimum age: 21 years
- Maximum age at loan maturity: 60 years
- Minimum employment: 1 year in current employment and a minimum of 2 years of employment
- Minimum Annual Income: Rs 2,50,000 net annual income
For Self-Employed:-
- Minimum age: 25 years
- Minimum Annual Income: Rs 2,50,000 net annual income
- Maximum age at loan maturity: 65 years
- Minimum employment: Should have been in business for a minimum of 3 years
CIBIL Score Required for Used Car Loan in Phagwara
- A good CIBIL score is an unsaid requirement as it provides an insight to the provider about your financial behaviour.
- A good CIBIL score provides an opportunity to negotiate and reduce the car loan interest rate to a certain extent.
Used Car Loan for Major Car Manufacturers in Phagwara
TABLE WILL APPEAR
Processing Fees / Prepayment Charges on Used Car Loan in Phagwara
Used Car Loan Phagwara Contact Number
In case of any queries regarding the used car loan in Phagwara, you may contact the number 9878981166 for any sort of assistance.
Pre Calculated EMI Table for Used Car Loan Phagwara
Used Car Loan EMI Calculator Phagwara
About Phagwara
Phagwara is a town and a municipal corporation in Kapurthala district in the state of Punjab. Its distance is about 124 KM from the state capital Chandigarh.