With banks and financial institutions offering used car loans, more and more people have been able to realize their dreams to buy a used car and repay in easy installments. Get a used car loan at Letzbank and get service charge waived off.
Used Car Loan Popularity In India
As different car segments enter the automobile market in India and the ease in availability of car loans, people are upgrading their cars every now and then. This has led to an increase in the used car segment and people, who were earlier not able to afford a car, are now able to, with the help of used car loans. More and more banks and independent financial institutions are offering used car loans to consumers at attractive interest rates and schemes. Therefore, buying a car in this age, whether new or used, is not as tough as it was a decade ago.
Used Car Loans In Kolkata
Used car loans are a huge attractionIn Kolkata as you have plenty of choices in different car segments. You can easily get used car loans from popular banks, as well as independent financial institutions, that offer car loans to Kolkata residents. Let us examine the eligibility and documents required to avail a car loan in Kolkata.
Used Car Loan Eligibility in Kolkata
1.Age - The average eligible age is between 25-58 years.
2.Minimum Income -While the minimum income varies for each bank, a minimum income on an average falls at Rs. 1,00,000 per annum.
3.Employment -You must also be employed for a minimum of two years at your current organization.
Used Car Loan Paperwork In Kolkata
1.Photo Id Proof – Any valid government ID proof.
2.Age Proof – Any valid government ID proof.
3.Address Proof – Any valid government ID proof with the current address or a valid rent agreement.
4.Car Loan application completed and signed by the applicant.
5.Income Proof (whichever is applicable) – Last 6 months of bank statements/last 3 months’ salary slips/Form16 for the latest financial year/latest IT Return that shows income computation/Audited balance sheer and P&L account.
6.Signature Verification Proof – Any passport copy, photo driving license, a credit card statement or banker’s verification can be provided as signature verification proof.
List of Banks offering Used Car Loans
There are a number of banks that offer car loans in Pune. Many even offer instant approvals with minimum documentation.
State Bank of India, Sundaram Finance, ICICI Bank, Axis Bank, Dena Bank, Bank of Baroda, Yes Bank, Allahabad Bank, Bank of India, Canara Bank, Central Bank, IDBI Bank, Indian Bank,HDFC Bank.
Used Car Loans @ Letzbank
Find used Car Loans offers at www.letzbank.com for purchase of a used car. Options for availing loans as well car re-finance are available online. Choose car as per the type, make, brand, model and city.