What is Old Car Loan
If you wish to purchase a Pre-owned car, apply online for an Old Car Loan and get the maximum loan amount with easy documentation, instant approval, and quick Loan disbursal. Avail an Old Car Loan with an attractive interest rate and repayment tenure of upto 5 years.
Old Car Loan Eligibility Criteria
Anyone can apply for an Old Car Loan, you need to meet the below criteria:
- Nationality: Resident Indian
- Age: 21 to 60 years
- Income: A stable and regular income source
-
Employement:
For salaried: Minimum 2 years of experience and Must earn minimum Rs 2 lakh per annum.
For self-employed: Minimum 4 years of business continuity and Must earn minimum Rs 1.75 lakh per annum.
- Credit Score: A CIBIL score of 750 or above improves your chances of approval
Benefits for Old Car Loan
- Quick Approval
- No Foreclosure Charges
- No Hidden Charges
- Clear Transparency
- Maximum Loan Tenures
- 100% Satisfaction
- Low Interest Rates
- Fast, Online and Paperless Process
- Maximum Finance
- Loan Transfer Facilities
- Collateral Free
How to Apply for an Old Loan Online in Chak Imam Ali
- Visit Web Online CA Website and Select Old Loan Service
- Fill a Simple Online Old Car Loan Application Form
- Fill your basic details such as name, mobile number and car details
- Submit the required documents
- Once done, you will receive a call from our team and guide you on the next steps
- The loan amount will be transferred to your bank account on the successful verification of your documents
Documents Required For Old Car Loan
- PAN Card
- Aadhaar card
- Passport
- Driving license
- Election / Voters identification card, NREGA Job card signed by the officer of the State Government
- One Passport Size Photograph
- PAN Card - For Company/Firm/Individual
- Latest Salary Slip of 2 months
- Bank statement of the previous 3 months
- Registration Certificate and Insurance copy of the vehicle
Note:The banks have the right to ask for any document for the loan sanctioning and verification process.
Calculate your Car Loan EMI
Car Loan EMI Calculator: Benefits & Features
User-friendly: A quick, easy and simple tool to determine your Car Loan EMI based on the loan amount, interest rate, and tenure.
Accurate Results: It gives exact results for your monthly installment amount, which helps in better financial planning.
Customisable: Change the loan parameters (amount, duration and interest rate) and observe the impact on your EMI amount.
Time-saving: The Car Loan EMI calculator online is available 24/7, getting immediate results without having to visit a bank branch.
Interest rate comparisons: The calculator helps you to compare different loan offers.
FAQ's About Car Loan
Who can Apply for Car Loan?
Anyone over 21 years of age, salaried or self-employed individual can apply for Car Loan.
What is the EMI on a Car Loan?
The Car Loan EMI depends on Loan Amount, Tenure and Interest Rate. Use our Car Loan EMI Calculator to get your monthly payments accurately.
What is the minimum credit score for a Car Loan?
750 or above, which is generally considered excellent.
Do I need a guarantor to avail of a Car Loan?
No, you do not need a guarantor for a car loan. However, if you don't meet the Bank's norms, then you may be require a guarantor or co-applicant as a security for your loan.
How can I get a Car Loan?
You can get a Car Loan from Web Online CA website. Fill out our online Loan application form with your basic details and submit your application. Once done, you will receive a call from our team and guide you on the next steps. The loan amount will be disbursed in your bank account after document verification.
What is the interest rate for Car Loan?
Car Loan Interest rates depend on the loan amount and the loan tenure, starting ranges from 11.25% to 26% p.a.
How long will the process for loan approval be?
Loan approval would take 4 to 5 working days after submission of the application form and required documents.
Can I Foreclosure my loan?
Yes, you can Foreclosure your loan post completion of 12 months and enjoys Nil Foreclosure Charges.
What is the maximum loan tenure?
We offer Customized EMI repayment options with a 12 months to 60 months.