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Used Car Loan in Adilabad

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Loan up to Rs 50 Lakh
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Minimum Salary Required ₹15K
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Instant Approval
Used Car Loan EMI Calculator

Monthly EMI

₹ 13,823

Interest Payable

₹ 15,876

Get Used Car Finance in Adilabad with Quick Approval

In the heart of Telangana, Adilabad stands as a testament to its rich cultural heritage and modern progress. Renowned for the Basara Saraswathi Temple and scenic Kuntala Waterfall, the city also boasts a robust economic backdrop, with cotton, silk, and handicraft industries paving the way. Amidst this blend of tradition and commerce, Adilabad residents have a golden opportunity. Now, getting used car finance in this vibrant city is hassle-free, with loans up to Rs 50 Lakh.

You can apply for a second-hand car loan online in Adilabad with Hero FinCorp and get instant loan disbursal. With easy-to-meet eligibility requirements, residents can look forward to instant loan approval, making their dream car a reality in no time.

Looking to buy a used car in Adilabad? Get a Used Car Loan of up to Rs 50 Lakh from Hero FinCorp effortlessly. With no specific salary requirement, you can be on the fast track to owning your dream car. Benefit from our instant approval process and drive away with confidence. 

Features And Benefits of Hero FinCorp Second-Hand Car Loan in Adilabad

Hero FinCorp offers advantageous second-hand car loans in Adilabad, catering to diverse financial needs with distinct features.

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High Loan Amount

With Hero FinCorp, Adilabad residents can easily secure a Used Car Loan of up to Rs 50 Lakh.

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Attractive Interest Rate

Hero FinCorp stands out by offering attractive interest rate.

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Collateral-Free

Embrace the convenience of Hero FinCorp's collateral-free loans.

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Flexible Repayment Tenure

Hero FinCorp offers flexible repayment tenures of up to 60 months.

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Instant Approval

Hero FinCorp has a streamlined application process ensures quick verification and instant approval.

Eligibility Criteria for Instant Second-Hand Car Loan in Adilabad

To qualify for an instant second-hand car loan in Adilabad, applicants must meet specific criteria, including age, citizenship, work experience, and monthly salary requirements.

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Age

The applicant should be at least 18 years old.

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Citizenship

The applicant should be a citizen of India.

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Work Experience

Both salaried and self-employed applicants should have one year of experience.

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Monthly Income

There is no predefined minimum monthly income criterion at Hero FinCorp.

Documents Required to Apply for a Second-Hand Car Loan in Adilabad

To apply for a 2nd hand car loan in Adilabad, whether you're a salaried individual or a self-employed professional, you'll need to provide a set of essential documents. These documents are crucial for the loan application process and are used to assess your eligibility and creditworthiness. While basic documentation, including identity and address proof, is the same, there is variation in income proof for salaried and self-employed documents.

Prepare these documents before applying to save time and trouble. Scan and store them in a folder for easy online uploading. Being prepared speeds up the loan process and improves your chances of getting a Used Car Loan in Adilabad from Hero FinCorp.

Documents Required for Salaried Employee

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Mandatory Documents

Duly filled application form, Car's registration certificate

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Identity Proof

Aadhar Card, Voter ID Card, Driving License, Passport, Photo ID Card issued by GOI

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Address Proof

Driving License, Voter ID Card, Aadhar Card, Utility Bill/ Rent or Lease Agreement, A letter having Name & Address Details Issued by the National Population Register

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Age Proof

Birth Certificate, PAN Card, Driving Licence, Passport

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Job/Business Proof

Form 16, ITR, Appointment Letter, Salary Slip with Joining Date on it, Relieving Certificate, Experience certificate

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Signature Verification Proof

Banker's Verification, PAN Card, Passport

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Income Proof

Latest Salary Slips, Form 16, Bank Account Statement, ITR

Documents Required for Self-Employed

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Mandatory Documents

Duly filled loan application form, Car's registration certificate

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Identity Proof

Aadhar Card, Driving License, Voter ID Card, Passport

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Address Proof

Driving License, Voter ID Card, Rent or Lease Agreement, Utility Bill, Aadhar Card, A letter having Name & Address Details Issued by the National Population Register

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Age Proof

Birth Certificate, PAN Card, Driving Licence, Passport

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Job/Business Proof

VAT Registration, Sales Tax Registration, Excise Registration, Service Tax Registration Certificate, SSI or MSME Registration Certificate, Shop & Establishment Registration Certificate

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Signature Verification Proof

PAN Card, Banker's Verification, Passport

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Income Proof

Profit & Loss Statement, Recent ITRs, Audited Balance Sheet, Current Account Statement

Interest Rates on Used Car Loans in Adilabad

At Hero FinCorp, we offer competitive interest rates on Used Car Loans in Adilabad. We aim to provide tailored solutions that meet your unique needs while keeping your financial well-being in mind. Our Used Car Loan interest rates start at 12.5% per annum, ensuring affordability for our valued customers. Your specific rate may vary based on factors such as your credit history and financial profile.

Pre-Owned Car Loan Interest Rates

Starting from 12.5% to 26%

Loan Amount

Rs 50,000 (Min) – Rs 50,00,000 (Max)

Loan Tenure

12 Months (Min.) – 60 Months (Max)

Loan Processing Fees

0.5% - 4%

Prepayment Charges

5% on Principal outstanding (additionally interest up to 6 months for foreclosures within 6 months from date of disbursement)

Other Charges

As applicable

How to Apply For a Pre-Owned Car Loan in Adilabad?

Applying for a pre-owned car loan with Hero FinCorp in Adilabad is quick and easy. Here's how you can get started:

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  • 1

    Visit our Used Car Loan page.

  • 2

    Enter the required loan amount, interest rate and tenure in the EMI calculator. It will give you an estimate about the EMI you have to pay.

  • 3

    Under “Apply for a Loan”, provide the correct personal and professional details along with your mobile number and OTP received.

  • 4

    Then agree to the Terms & Conditions by ticking the checkbox and click on “Submit”.

FREQUENTLY ASKED QUESTIONS

Adilabad may offer competitively priced used cars, but prices can vary depending on factors like make, model, condition, and seller negotiations. Research and compare to find the best deals.
The price of a second-hand Mercedes in Adilabad can vary widely, depending on the model, age, condition, and seller.
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