Used Car Loan Rania

Best Banks For Used Car Loan In Rania

Used Car Loan Rania Features

Are you tired of traveling by public transport? Wish to have a car? but don’t have enough funds? No worries! You can get a car even though you have limited funds and this will be possible with the help of a car loan. A car loan is a fund provided by banks to the applicants to help them to buy a car. There are loans available on used cars as well. You can get a car loan at a low-cost EMIs.

The main feature of car loan in Rania are:

• Avail of car loans on a wide range of cars at a low-rate of interest.
• Almost all major banks provide car loans in Rania.
• Car loans are available on used cars or pre-owned cars also.
• Customized and convenient repayment plans are available at low car loan interest rates
• You can get up to 80% of the loan amount for 3 years without income proof.
• Flexible repayment tenures are available.
• Car loans are available through Dialabank.

Used Car Loan Rania Interest Rates

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

Used Car Loan Rania Documents Required

Documents required for car loan  are categorized as follows –

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
• Last 6 months bank statements

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:

• For Age proof: Memorandum and Articles of Association/Certificate of Incorporation.
• For Identity proof: Memorandum and Articles of Association/Certificate of Incorporation.
• For Income proof: Latest ITR and audited balance sheet along with profit & loss account.
• Any of the above documents as address proof:
• Telephone Bill
• Memorandum and Articles of Association
• Certification of Incorporation
• Electricity Bill
• Any of the above documents 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:

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

Used Car Loan Rania Eligibility Criteria

The following people  will have eligibility criteria for car loan to  apply for a Pre-Owned Car Loan:

Salaried Individual:

• The doctors, CAs, employees of private limited companies, employees from public sector undertakings, including central, state, and local bodies are eligible with a good CIBIL score
• The minimum age of the candidate should be 21 years.
• The maximum age of the candidate should be 60  years
• Individuals who at least have had a job for 2 years, with a minimum of 1 year with the present employer.
• 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 :

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

Used Car Loan For Major Car Manufacturers In Rania

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Processing Fees/Prepayment Charges On Used Car Loan In Rania

Pre Calculated EMI Table For Used Car Loan Rania

Used Car Loan EMI Calculator