High Loan Amount
Hero FinCorp offers private finance for used cars in Buchireddypalem up to Rs 50 Lakh.
Used Car Loan in Buchireddypalem
- Loan up to Rs 50 Lakh
- Minimum Salary Required ₹15K
- Instant Approval
Used Car Loan EMI Calculator
Get Used Car Finance in Buchireddypalem With Quick Approval
Buchireddypalem is a small town in the Nellore District of Andhra Pradesh, around 15 km from Nellore City. A part of the Kovur Assembly Constituency, it is located on the state highway of Mumbai and Nellore. Buchireddypalem is famous for its paddy and sugarcane production and extensive aquaculture. Major attractions in and around the town include Sri Kodanda Rama Swamy temple, Kanigiri Reservoir, and DLNR High School. Sri Kodanda Ramaswamy Brahmotsavam, the 11-day festival in March–April, is a major highlight in the town.
If you plan to buy a second-hand car in Buchireddypalem, finance up to 175% of its cost with used car finance in Buchireddypalem from Hero FinCorp. We offer Used Car Loans of up to Rs 50 Lakh, an ample amount to cover the cost of premium pre-owned cars. Let’s find out more about Used Car Loans at Hero FinCorp.
Features and Benefits of Hero FinCorp Second-Hand Car Loan in Buchireddypalem
If you are planning to borrow a second-hand car finance Buchireddypalem, it’s important to understand its features and benefits at Hero FinCorp. Let’s take a look.
Attractive Interest Rate
Hero FinCorp offers a competitive interest rate in Buchireddypalem, starting at 12.5% per annum.
Collateral-Free
You don't need to pledge any asset as collateral or liquidate any securities to borrow a Used Car Loan.
Flexible Repayment Tenure
You can choose a repayment tenure of up to five years.
Instant Approval
Hero FinCorp can quickly approve a second-hand car loan in Buchireddypalem.
Eligibility Criteria for Instant Second-Hand Car Loan in Buchireddypalem
Before applying for used car finance in Buchireddypalem, checking the eligibility criteria is essential to get assured approval without unnecessary complications. These include your age, citizenship, work experience, income, etc. At Hero FinCorp, you must fulfil the following eligibility criteria for a used car loan in buchireddypalem:
Age
18 to 60 years for salaried employees; 18 to 65 years for self-employed individuals.
Citizenship
Indian citizenship is mandatory for obtaining a second-hand car loan in Buchireddypalem.
Work Experience
Minimum one year for salaried in the same job or self-employed in the current business.
Monthly Salary
Hero FinCorp has no specific minimum income requirement for used car loans.
Documents Required to Apply for a Second-Hand Car Loan in Buchireddypalem
If you qualify for second-hand car finance Buchireddypalem, you must prove your eligibility with supporting documents. Although the documentation requirements are minimal at Hero FinCorp, some documents are necessary to prove loan eligibility and repayment capacity.
Basic documents required for used car loan include your age, income, address, job, signature, and identity proof. In case of additional documentation requirements, a customer representative will get in touch with the request.
Documents Required for Salaried Employee
Mandatory Documents
Duly filled application form, Car's registration certificate
Identity Proof
Aadhar Card, Voter ID Card, Driving License, Passport, Photo ID Card issued by GOI
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
Age Proof
Birth Certificate, PAN Card, Driving Licence, Passport
Job/Business Proof
Form 16, ITR, Appointment Letter, Salary Slip with Joining Date on it, Relieving Certificate, Experience certificate
Signature Verification Proof
Banker's Verification, PAN Card, Passport
Income Proof
Latest Salary Slips, Form 16, Bank Account Statement, ITR
Documents Required for Self-Employed
Mandatory Documents
Duly filled loan application form, Car's registration certificate
Identity Proof
Aadhar Card, Driving License, Voter ID Card, Passport
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
Age Proof
Birth Certificate, PAN Card, Driving Licence, Passport
Job/Business Proof
VAT Registration, Sales Tax Registration, Excise Registration, Service Tax Registration Certificate, SSI or MSME Registration Certificate, Shop & Establishment Registration Certificate
Signature Verification Proof
PAN Card, Banker's Verification, Passport
Income Proof
Profit & Loss Statement, Recent ITRs, Audited Balance Sheet, Current Account Statement
Interest Rates on Used Car Loans in Buchireddypalem
The Used Car Loan interest rate largely impacts your total purchase cost and the EMIs you purchase each month. The higher the interest rate, the bigger the financial liability. You will find the lowest used car loan interest rate in Buchireddypalem at Hero FinCorp. We determine your final interest rate based on several factors, including the following:
How to Apply For a Pre-Owned Car Loan in Buchireddypalem?
The application procedure is quick, straightforward, and completely digital at Hero FinCorp. These are the simple steps to apply for used car private finance in Buchireddypalem:
- 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”.
used car loan in buchireddypalem Related Blogs
Used Car Loans
Want to drive home your favourite car Here’s how Hero FinCorp's Pre-Owned Car Loan can fulfil your dream17 Apr, 2025FREQUENTLY ASKED QUESTIONS
A balance transfer is a facility for transferring a Used Car Loan to another bank. In this process, you borrow a new loan to pay off your current loan and pay the new loan’s EMIs according to the revised repayment schedule.
You can reduce your car loan EMIs by opting for a longer repayment tenure. It distributes your payable amount into more EMIs, making the installments smaller and easily manageable. Maintaining a high credit score and a low DTI ratio is beneficial in getting a loan at a lower interest rate, making the EMIs smaller.
The second-hand car loan in Buchireddypalem depends on your credit history, repayment capacity, DTI ratio, eligibility, down payment, loan tenure, and other factors. So, keep them in good condition to get the lowest Used Car Loan interest rate in Buchireddypalem.
Yes, a balance transfer is a good way to pay off a car loan with easier EMIs.