Bring Home The Four Wheels with a Second Hand Car Loan

With Banks and Financial Institutions helping you purchase a new car as well as a second hand car, it has become much easier to bring the four wheeler home. As compared to older days, when purchasing a car was a tough decision and needed a lot of discussion in terms of financing the same, the entire process has now become hassle free, convenient and very quick. A variety of loan options is available in the market for new cars as well as used cars. Purchasing a used car can be a good decision for many. If your use is very less or if you have recently learnt to drive, a second hand car should be an ideal way to go ahead. Purchasing a second hand car is also recommended if it is your spare car, that is, if it is your second or third car and you are not going to use it regularly.

Before you finalize a car for your purchase, it is important that you scout the markets for used cars and gather as much information as you can. Look into the condition of the car and see how many miles it has travelled. Gather information about the model you are purchasing and the year in which it was launched. You can also consult a friend who has knowledge about the technical parts of the car and then take a test drive to see how you like it. With financial aid for the purchase of your car, you need not worry about spending all your savings on the same. Second hand car loan comes with flexible repayment tenure and a low interest rate. The applicant should be above the age of 18 and should be employed for a minimum of two years with a period of six months completed at the current job. For a business owner, the business should be in existence for a period of one year. The application process involves basic documentation and has a transparent process. The documents required include identity proof, address proof, income proof and photographs. Scout the market for a reliable and trustworthy financial institution that offers a second hand car loan at a lower rate of interest and long repayment tenure. With all the documents in place, the loan can be approved within 48 hours. Holding a positive credit score helps in the quick approval of the loan.

Second hand car loan is available for all types of cars and for all brands, which means you get to choose the brand and the type of car you want before you apply for the loan. The loan will be processed quickly and an amount up to 90% of the value of the car is sanctioned. The loan starts from Rs. 0.5 lacs to Rs.50 lacs depending on the type of car. The interest rates vary from one institution to another; hence it is advisable to scout the market before you apply for the loan. Second hand car loan helps you achieve your dreams and bring the four wheels home without any worry. With the loan, you will be able to purchase a premium model of the car, since you do not need to spend all your savings on the same. You can take advantage of the easy documentation and the introductory interest rates that will help you save on the interest amount. The convenient and hassle free form of loan will ensure that your purchase of a new car is smooth and equally hassle free. Choose the best car for your drive with the best financiers in your city.

Hero FinCorp is a diversified financial services provider in India. We are an associate company of Hero MotoCorp Ltd.