Used Car Loan Pandua

Best Banks For Used Car Loan In Pandua

Used Car Loan Pandua Features

Looking for a car? But running short on funds? No worries! You can always get a car by applying for a car loan. You can also get a loan on a used car also. Car loans are available at budget-friendly EMIs.

The main feature of car loan in Pandua are:

• Car loans are available on a wide range of cars at a low-rate of interest.
• You can get a loan up to Rs. 2.5 crore amount.
• Almost all major banks provide car loans in Pandua
• The documentation process is hassle-free and quick.
• You can track your application anytime, anywhere.
• Up to 85% of the value of the car as a loan amount for 5 years and that too without any income proof.
• Car loans are available through Dialabank

Used Car Loan Pandua Interest Rates

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

Used Car Loan Pandua Documents Required

Documents required to avail of a 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
• 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 Pandua Eligibility Criteria

The following people are eligible to apply for a Pre-Owned Car Loan.

Eligibility criteria to get a car loan :

A good CIBIL score is a must before applying for a loan other than a gold loan. Making sure your CIBIL score is good before applying for a loan is a good practice.

Salaried Individual:

• 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

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
• 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 Pandua

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Processing Fees/Prepayment Charges On Used Car Loan In Pandua

Pre Calculated EMI Table For Used Car Loan Pandua

Used Car Loan EMI Calculator