Best Banks for Used Car Loan in Pollachi
Used Car Loan Pollachi Features
Wish to have your own car? But can’t fulfill your wish because of the minimum bank balance? Then go for a car loan and get your wish fulfilled now. A car loan will help you to get a car of your choice at an affordable rate of interest. You can also get a loan on used cars as well. Here, you will find a number of cars and can choose your favorite car from them.
The main features of a car loan in Pollachi are:
- The rates of interest are low and affordable.
- Almost all major banks provide car loan in Pollachi
- Experience a transparent, easy, and fast process.
- Repayment plans are flexible and available at less rate of interest.
- You can track your application whenever you want.
- Car loans are easily available through DialaBank.
- Apply For Car Loan
Used Car Loan Pollachi Interest Rate
To check Car Loan Interest Rate for all major banks you can visit: Car Loan Interest Rates
Used Car Loan Pollachi Documents Required
For Salaried:
Documents Required for Car Loan
- Identity & Address Proof: Valid Passport, Permanent Driving license [recent, legible, laminate], Voters ID Card, Job card issued by NREGA, Letter issued by the National Population Register containing details of name & address
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Income proof: Latest Salary Slip, Latest Form 16/Latest ITR, Last 6 months bank statement
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Sign verification proof: Passport Copy, Photo Driving License with DOB (recent, legible, laminated), Credit Card Statement with Credit Card Copy, Banker’s Verification, Copy of Margin Money Paid to the Bank
For Self Employed:
- Memorandum and Articles of Association/Certificate of Incorporation as age proof
- Memorandum and Articles of Association/Certificate of Incorporation as identity proof
- Latest ITR and audited balance sheet along with profit & loss account as proof of income
- Documents required for address proof:- Memorandum and Articles of Association, Certification of Incorporation, Telephone Bill, Electricity Bill
- Documents required for sign verification proof:- Passport copy, Photo Driving License with DOB (recent, legible, laminated), Banker’s verification, Copy of Margin Money Paid to the Bank
- Also, the used car loan can be borrowed in the following type of firms as well:
- Partnership Firms
- Sole Proprietorship
- Public Limited Companies
Used Car Loan Pollachi Eligibility Criteria
For Salaried:-
- This includes doctors, CAs, employees of private limited companies, employees from public sector undertakings, including central, state, and local bodies
- The minimum age of the candidate should be 21 years and the maximum age should be 60 years
- Individuals who have had a job for at least 2 years, with a minimum of 1 year with the current employer are eligible
- Minimum Annual Income should be Rs 2,50,000
For Self-Employed:-
- The minimum age of the candidate should be 21 years and the maximum age should be 60 years
- Only Individuals who have been in business for a minimum of 3 years are eligible
- An Individual should earn at least Rs 2,50,000 per anum
- This includes individuals who own a private company in the business of manufacturing, trading, or services
Used Car Loan for Major Car Manufacturers in Pollachi
TABLE WILL APPEAR
Processing Fees / Prepayment Charges on Used Car Loan Pollachi
CIBIL Score Required for Used Car Loan in Pollachi
The Cibil score is referred to as what defines your ability to pay off your credits. A higher credit score means good credit history and makes your car loan application process smooth and easy to be processed. Mostly, banks and NBFCs consider a credit score of 720 and above as a good score to approve your loan application process Pollachi.
This score may again vary from bank to bank. In case of a low CIBIL score than the required value, you will be required to pay a high rate interest rate on the loan amount while if your CIBIL score is good then you may have to pay a low rate of interest. Thus, a CIBIL score is an important factor in a car loan.
Used Car Loan Pollachi Contact Number
In case of any queries regarding the car loan in Pollachi, you may contact the number 9878981166 for any sort of assistance.
Pre Calculated EMI Table for Car Loan Pollachi
Used Car Loan EMI Calculator
About Pollachi
Pollachi is a town and a taluk headquarters in Coimbatore district, Tamil Nadu state, India. Located about 40 km to the south of Coimbatore, it is the second-largest town in the district after Coimbatore. Pollachi is a popular Marketplace for jaggery, vegetables, and cattle.
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