How To Get A Second Hand Car Loan In Delhi-NCR

Introduction

In India, owning a car is not a luxury now, it is a necessity. Crowded public transport, costly cab services, safety concerns, status symbol are some of the many reasons to own a car but not all of us have the budget to buy a brand new car, which can cost a few lakhs. Fortunately, one can always opt for a used car and to make things easier, get a ‘used car loan’. In fact, this trend is just catching up fast. In India, the used car market is rapidly growing, courtesy the affordability quotient of pre-owned cars. Online buy-and-sell platforms have brought dealers and buyers much closer in recent times and financial institutions today offer loans at attractive interest rates to help you get your four-wheeler.

Hero FinCorp Used Car Finance

With its many advantages, here’s why Hero FinCorp Used Car Finance can just be what you are looking for.

• Advantage:
  There are several reasons why Hero FinCorp is a favorite in the market. Firstly, the approval rate is quite high and is done in a quick and hassle-free manner. Secondly, the process of documentation is also very easy and from loan amount to the interest rate to repayment options, all are negotiable. In fact, Hero FinCorp offers a low and attractive rate of interest. The icing on the cake is that if you have been a past or existing Hero FinCorp customer, you get striking offers.

• Approach:
  Hero FinCorp offers not only a wide range of cost-effective pre-owned car loan options, for both certified and non-certified cars, but its financing solutions also feature multiple repayment options like PDC, NACH, ECS, etc., apart from the benefits of flexible tenures and attractive interest rates. Since these terms are flexible, the customer’s convenience is given great importance. The applicant’s financial needs are considered and the experts offer solutions best suited for his or her requirement.

• Eligibility:
  The applicant should be an Indian resident above 18 years of age. If he or she is a salaried employee, then they should have been employed for a minimum of 2 years, with at least 6 months at the current job. In the case of business owners, they must have been running the current setup for over a year. The individual should have decent credit history.

• Documentation:
  Keep all your KYC documents like Aadhaar, PAN card, address proof, age proof, ID proof, car valuation report, registration and insurance papers, ready. Apart from that, salary slips and bank statements will act as your income proofs. Recently-clicked passport size photographs will also be needed.

• Process:
  Courtesy the technology, the entire process of used car loan application and approval has become very quick and transparent. Just visit the lender’s website and fill a simple application online to start your loan application process. Once you apply, your credentials for a loan are checked. If you are an eligible candidate, the car is valued according to the financial institution’s own rules. Then a loan amount, tenure, interest rates, and repayment plans are discussed. If both parties agree, the loan is disbursed.   

• Service:
  Not only can you get the finance at the comfort of your home courtesy its doorstep service, but Hero FinCorp’s customer service is also very prompt in resolving any doubts and issues.

• Availability in Delhi- NCR: 
  It’s doubly assuring that they have a presence in most of the cities across India including NCR.

A used car offers great value for money as the insurance and registration charges are reduced along with the low rate of depreciation. Not only you have to take a smaller amount of loan, you also pay lower EMIs. It is definitely wiser to opt for financial assistance over total cash payment especially when someone like Hero FinCorp is happy to offer customized schemes according to the customer’s financial position and requirements.