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Get Used Car Finance in Jaipur With Quick Approval

Jaipur is the capital of Rajasthan, the Royal State of India. Situated in northern India, it is known for its forts, palaces, food, and culture. Some major attractions in Jaipur include the Hawa Mahal, Jal Mahal, Amer Palace, Jantar Mantar, Jaipur Zoo, and others. When we talk about the popular industries of Jaipur, they include textiles, handicrafts, jewellery, gemstones, etc. Being the capital state of Rajasthan, the city also has a demand for new and pre-owned hatchbacks, sedans, and premium cars.  


If you live in Jaipur and want to buy a second-hand car in the city, you will find numerous deserving options. However, don't let finance hold you back. Hero FinCorp provides used car finance in Jaipur for people planning to buy second-hand cars. Here, you can borrow a Used Car Loan of Rs 50,000 to Rs 50 Lakh, depending on your requirements and the desired car’s cost. Let’s find out more about this credit option.
 

Features And Benefits of Second Hand Car Loan in Jaipur

Before applying for used car finance in Jaipur, it’s crucial to look at its features and benefits at Hero FinCorp. Here’s an overview:
 

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High Loan Amount

At Hero FinCorp, you can borrow a Used Car Loan of up to Rs 50 Lakh.
 

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Attractive Interest Rate

An attractive Used Car Loan interest rate in Jaipur keeps your EMIs affordable and your loan cost reasonable.
 

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Collateral-Free

No collateral is needed for second-hand car finance in Jaipur; the car is hypothecated until loan repayment.
 

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Flexible Repayment Tenure

You get to choose a repayment tenure of up to five years according to your EMI affordability.
 

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Instant Approval

Quick approval lets you purchase your desired used car within short notice.
 

Eligibility Criteria for Second Hand Car Loan in Jaipur

If you are looking to finance a used car in Jaipur for private use, fulfil these eligibility conditions:
 

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Age

18 to 60 years for salaried and 18 to 65 years for self-employed individuals

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Citizenship

Indian citizens only

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Work Experience

At least one year for both salaried and self-employed applicants

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Monthly Salary

Hero FinCorp does not have any specific minimum monthly requirement for a Used Car Loan.

Documents Required for a Second Hand Car Loan in Jaipur

The documentation requirements vary for salaried and self-employed applicants. Here is a list of documents required for Used Car Loan in Jaipur:
 

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

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

 

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Address Proof

Driving License, Voter ID Card, Aadhaar 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

Aadhaar Card, Driving License, Voter ID Card, Passport

 

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Address Proof

Driving License, Voter ID Card, Rent or Lease Agreement, Utility Bill, Aadhaar 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 & Charges on Used Car Loans in Jaipur

The Used Car Loan interest rate in Jaipur largely impacts your EMIs and the total loan cost. Here is an overview:
 

Pre-Owned Car Loan Interest Rates

Starting from 11.5% per annum

 

Loan Amount

Rs 50,000 (Min) – Rs 50,00,000 (Max)

Loan Tenure

12 Months (Min.) – 60 Months (Max)

Loan Processing Fees

Up to 4% of Loan Amount (Exclusive of GST)

 

Prepayment Charges

6% on Principal outstanding (Inclusive of GST)

 

Other Charges

As applicable

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

Hero FinCorp has a straightforward application procedure to approve used car finance. Follow this simple stepwise procedure to apply for a Used Car Loan in Jaipur:
 

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  • 1

    Visit the Hero FinCorp website and reach the Used Car Loan page.
     

  • 2

    Calculate the EMIs using an online EMI calculator.
     

  • 3

    Enter a few details under the “Apply for a Loan” section.
     

  • 4

    Enter your business or company name.
     

  • 5

    Click “Apply Now”.
     

  • 6

    Our executive will evaluate the application.
     

  • 7

    Once approved, you will receive the amount in your bank account.
     

Frequently Asked Questions

Yes, you can choose Hero FinCorp – a reliable private finance provider for used cars in Jaipur.
At Hero FinCorp, you can get a Used Car Loan of up to Rs 50 Lakh, depending on your requirements and repayment capacity.
Hero FinCorp charges a nominal processing fee upto 4% for a second-hand car loan in Jaipur.
Hero FinCorp offers Used Car Finance in Jaipur for all car models.
Hero FinCorp offers loans up to 100% of the cost of a second-hand car in Jaipur. However, making a decent down payment is helpful as it reduces your debt burden and makes repayment easier.