Used Car loan Secunderabad

Best Banks for Used Car Loan in Secunderabad

Used Car Loan Secunderabad Features

Thinking of purchasing a new car? But doesn’t have the required budget? Then a car loan is the best way to get the car now. You can purchase a new car or used car as per your choice. Car loans are available at a budget-friendly rate of interest. So, what’s stopping you from owning a car? Apply for the affordable car loan and get your own car now!

The main features of a car loan in Secunderabad are:

• Avail loans on the Lowest Car Loan Interest Rate.
• Almost all major banks and NBFCs offer car loans in Secunderabad
• The process is very quick and hassle-free
•  Customized repayment plans are available with pocket-friendly EMIs
• Car loans are easily available through DialaBank

Used Car Loan Secunderabad Interest Rate

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

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Used Car Loan Secunderabad Documents Required

Documents required for car loan are as followed:

For Salaried:

• 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

• For  proof of income: Latest Salary Slip, Latest Form 16/Latest ITR, Last 6 months bank statement

• For 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 Secunderabad Eligibility Criteria

The car loan eligibility requirements are as followed:

For Salaried:-

1. This includes doctors, CAs, employees of private limited companies, employees from public sector undertakings, including central, state, and local bodies
2. The Minimum age of the candidate should be 21 years and the maximum age should be 60 years
3. Individuals who have had a job for at least 2 years, with a minimum of 1 year with the current employer are eligible
4. Minimum Annual Income should be Rs 2,50,000

For Self-Employed:-

1. The Minimum age of the candidate should be 21 years and the maximum age should be 60 years
2. Only Individuals who have been in business for a minimum of 3 years are eligible
3. An Individual  should earn at least Rs 2,50,000 per anum
4. This includes individuals  who own a private company in the business of manufacturing, trading, or services

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Used Car Loan for Major Car Manufacturers in Secunderabad

TABLE WILL APPEAR

Processing Fees / Prepayment Charges on Used Car Loan Secunderabad

CIBIL Score Required for Used Car Loan in Secunderabad

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 Secunderabad.

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.

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Used Car Loan Secunderabad Contact Number

In case of any queries regarding the car loan in Secunderabad, you may contact on the number 9878981166 for any sort of assistance.

Pre Calculated EMI Table for Car Loan Secunderabad

Used Car Loan EMI Calculator

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About Secunderabad

Secunderabad, also spelled sometimes as Sikandarabad is the twin city of Hyderabad in the Indian state of Telangana. Named after Sikandar Jah, the third Nizam of the Asaf Jahi dynasty, Secunderabad was established in 1806 as a British cantonment.

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