About Used Car Loan
An advance that is taken to get a recycled vehicle or the used vehicle is known as a Used Car Loan. Choosing a Used Car Loan is a brilliant, incentive for cash buyers. This car loan in simple words is a loan for the secondhand purchase of any car.
There are a few variables that you may have to think about prior to purchasing a trade-in vehicle
While examining the vehicle look for any sights of rust or signs of marks and breaks. Check the motor and ensure there is no lear or odds of erosion.
Car loan process
- Select the car you want to buy.
- Fill Out the Application & complete the procedure.
- You will receive a loan Sanction Letter.
- You will get an Approval of Loan.
- At the end you will have your Loan Amount Disbursal.
If You Are Looking For Car Loan, You Can Avail
Upto 100% of on-road price
Amount to suit the criteria of your loan
1 to 7 years
Flexible Tenure for easy repayment
7.5% to 18%
Competitive Interest Rates
No Hidden Charges
Transparent Processing
Car Loan Eligibity
- Minimum age should be 21 & maximum age 65 years at loan maturity.
- Minimum Income per annum should be Rs. 2,50,000
- Minimum 2 years of employment in current profession/company.
- Professional stability and minimum 1 year business vintage for self-employed professionals.
Documents Required
- Passport size photographs
- Identity proof like Voter ID, Driving license, Passport, Aadhar Card.
- Age proof (LC, Pension payment receipt, LIC policy, etc.)
- Address proof (Rent agreement, Ration card, Electricity bill, Property tax receipt, etc.)
- Income proof (3 months salary statement & 6 months Bank statement)
Features of Car loan
Car Loan characteristics and Benefits
- Finance for purchasing a car.
- Upto 100% of on-road price available as finance.
- Tenure range of Car loan from 1 year to 7 years.
- Instant finance on seleceted cars.
- On manufacturer-lender tieups, discounts and offers are also available.
- Easy EMI's are there in Repayment structure.