Used Car Loan

Used Car Loan @ 13.50%*

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Used Car Loan

Get the Best offers on Used Car Loan

Everyone aspires to have a car to live a luxurious life. A car has become a necessity, so it doesn’t matter whether it is new or a used one. The market of second-hand cars is gaining popularity day by day and touching the peak of Everest. The low prices of Used Cars attract people, as they want to maintain their budget. Purchasing a Used Car has become easy with the help of Used Car Loan. We will provide you the best Used Car Loan on affordable Interest Rates with our Doorstep Services.

Features

  • 80-85% funding on the valuation of the car.
  • Loan tenure up to 5-7 years, depends upon the age of the car model
  • Attractive rate of interest
  • No effect of the running EMIs of the seller of the car

Benefits

  • Flexible repayment options
  • Fast, Reliable and Personalised Service
  • Attractive deals from associated car dealers
  • Insurance cover for Loan Liability available, repayable along with EMI

Convenient and Fast

Get a Used Car Loan with minimum documentation. Loan Disbursement within 72 hours* of document submission.

Used Car Loan Eligibility

Eligibility Criteria

Loan Amount

The minimum loan amount for taking a car loan is Rs. 1,00,000. The maximum loan amount will depend upon the Valuation of the car, model variant, profile of the customer, etc.

Pre-owned Car

  • Loan up to 70-80% of the valuation of car with maximum tenure of 5 years ( depending upon the age of the Car Model.
  • Hassle-free processing

Eligibility

Particulars
Salarield Individual
Self-Employed Individual
Partnership Firm
Private / Public Ltd Co

Age Criteria*

The applicant should be above 25 years old at the time of application, and upto 58 years of age at the time of maturity of the loan.

Any proprietor, partner, professional or director above 28 years but below 65 years at the time of the loan maturity.

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Limited companies should have been in existence for at least 3 years./p>

Income Criteria*

Gross annual income of at least Rs. 2.50 lakh

Gross annual income of at least Rs. 2.00 lakh

Firm should have a minimum PAT (profit after tax) of Rs. 2.00 lakh Business income as per ITR or Profit as per P/L.

Minimum PAT (profit after tax) of Rs. 2.00 lakh Business income as per ITR or Profit as per P/L.

Stability

The total employment stability should be more than 2 years and current employment stability of minimum 1 year.

Current business stability should be 2 years or total more than 3 years.

Current business stability should be 2 years or total more than 3 years.

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Used Car Loan Documents

Documents Required

We offer the most convenient, flexible & quick car loan at the click of a mouse. Keeping your convenience in mind, we ask you for minimal mandatory documents for the sanctioning of your car loan.

Income Proof

  1. Self-Employed individuals: Income Tax Returns of 2 previous financial years.
  2. Partnership Firms, Societies & Companies: Income Tax returns of 2 previous financial years along with complete financial/audit report.
  3. Documents supporting customer information: Identity Proof, Signature Proof,Recent passport size colour photograph and Address Proof as per Bank norms (Dialabank representative will help you choose suitable documents).
  4. Business / employment stability proof
  5. Ownership proof required if self-employed individuals
  6. Bank statements
  7. Rc/Insurance of the car.
  8. Interstate Number Plate

Other documents

  1. Partnership Firms: Partnership deed and Letter signed by all partners authorising one partner to execute the required Car Loans documentation.
  2. Societies and Companies: Resolution by Board of Directors (or such managing body) & Memorandum & Articles of Association (or Society/Trust deed).

Our representative will help you with the formats of documents and the information required.

Banks With Us

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* Apply Now & Win an iPad Mini ON EVERY SUCCESSFUL LOAN APPROVAL