Used Car Loan Wardha

Best Banks For Used Car Loan In Wardha

Used Car Loan Wardha Features

Thinking about getting a car? But don’t have enough funds for it? You can always go for a used car when you run out of budget. You can also go for a car loan to get a car. A car loan will surely help you own a car of your choice that too at budget-friendly EMIs. You can even get a car loan on used cars or pre-owned cars.

The main feature of car loan in Wardha are:

• Car loans are available at a low-rate of interest.
• Almost all major banks provide car loans in Wardha.
• Track your application at any time.
• The documentation process is very easy and quick.
• You can easily get a car loan through Dialabank

Used Car Loan Wardha Interest Rates

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

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Used Car Loan Wardha Documents Required

Documents required for car loan are as followed:

For Salaried Individual:

• Any of the above  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 above 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 Wardha Eligibility Criteria

The car loan eligibility requirements are as followed:

Salaried Individual:

• The applicant must be: Who is a doctor, CAs, private limited company employee, employees from public sector undertakings including central, state, and local bodies.
• Age Range: Individuals who are a minimum of 21 years of age when applying for the loan, and a maximum of 60 years of age at the end of the loan tenure
• Minimum Work Experience: Individuals who at least have had a job for 2 years, with a minimum of 1 year with the present employer.
• Minimum Earning: 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 Wardha

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Processing Fees / Prepayment Charges On Used Car Loan In Wardha

Pre Calculated EMI Table For Used Car Loan Wardha

Used Car Loan EMI Calculator