Used Car Loan Wadakkancherry

All About Used Car Loan Wadakkancherry

Car is a comfortable mode of transportation, but some people can’t afford it as their budget doesn’t allow purchasing a new car. But, with the help of Truthsawer, you can raise funds by applying for a Used Car Loan Wadakkancherry and get a used car at less rate of interest and enjoy the freedom that comes with a car.

Used Car Loan Wadakkancherry Interest Rate

The interest rate charged on a Used Car Loan is 14% of the total amount. This interest is applied on the basis of reducing method. For example, if you procure an investment of Rs.10 lacs and you have paid off Rs.4 lacs, then the interest would be charged at remaining 6lacs and not the entire amount of 10 lacs.

Why should one choose Used Car Loan Wadakkancherry?

  • Easy repayment of the loan amount.
  • Instant funding of loan amount.
  • Quick disbursal of loan.
  • Loan Tenure varies from 1 to 7 years.
  • Affordable rate of Interest.
  • Quickly and hassle-free documentation.
  • No hidden charges.

Eligibility Criteria for Used Car Loan Wadakkancherry

Salaried Individuals

  1. First of all, Minimum age of the applicant should be 21 years.
  2. Secondly, Maximum age of customer should not more than 60 years.
  3. CIBIL score of the customer should be 700 or above.
  4. Next, the applicant should have minimum employment of one year in the present company and a minimum of 2 years of work experience in total.
  5. Monthly income of the borrower should be Rs 24,000.

Self-Employed Individuals

  1. The minimum age of the borrower should be 30 years. In case the applicant is less than 30 years, he would require a co-applicant.
  2. The age of co-applicant should be of 25 years, and he/she is currently working somewhere.
  3. The applicant must have filed an ITR of Rs.2.5 lakhs for the past two years.
  4. CIBIL of the applicant needs to be 700 or above.

Note: Used Car Loan is not given to rented customers unless he/she is a government employee.

Documents Required for Used Car Loan Wadakkancherry

Following are the documents required for Used Car Loan:

  • Identity Proof: Aadhar Card, Voters ID card, PAN Card, Copy of Passport, Driving License.
  • Income Proof: For Salaried, latest salary slip of 3 months/ For Self-Employed, copy of ITR filed of the last two years.
  • Address Proof: Aadhar Card, Electricity Bill (if tenant), Passport Copy, Driving License, Voters ID Card.
  • Bank Statement: Copy of active bank statement of last six months.

Additional information for Used Car Loan Wadakkancherry

Used Car Loan Wadakkancherry

  1.  In this, the loan is available only for the car models which are launched after 2013.
  2. A customer with CIBIL 1,0 and -1 can also apply for a used car loan.
  3. In case of luxury cars, the loan can be given up to 2011 model.
  4. The amount of loan that the customer will get is 85% of Insurance Value.
  5. The period for which the customer can avail the loan is 24 months to 60 months.

How to Apply for Used Car Loan Wadakkancherry?

  1. First, you need to visit our official site, DialaBank.
  2. After that, apply for Used Car Loan online.
  3. Enter your contact number and other details so that our team can contact you back.
  4. DialaBank is the best platform to apply for a used car loan as you will get a loan at affordable rates of interests.

About Wadakkancherry

Wadakkancherry is a city in Thrissur District of Kerala State, India. The place belongs to Central Kerala Division. The town is located 18 KM towards North from District head quarters Thrissur. Now it is effortless to avail used car loan with the help of DialaBank.

Used Car Loan Providers (Click to Apply)

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