How to Get Finance for Used Cars in India?
Having a car of your own counts as an important milestone in one’s life. But balancing the fun and funds simultaneously is not child’s play. Apart from buying a house, your car might be the most expensive purchase you make. It, therefore, makes sense to consider a used car rather than a new one. This is especially true keeping in mind the associated charges, consequent expenditure, and depreciation value. A used car will save you from burning a hole in the pocket as well as from compromising on the quality. Today, Car Kharido Becho will tell you all you need to know about old car loan finance.
The used car market in India The used-car market in India is flourishing, thanks to their affordability and easy availability of used car finance near me. Plus, the arrival of organized companies in the market has augmented people’s preference for used cars as they ensure that the used cars are certified and well-maintained. Do you want to buy a pre-owned car without making it a troublesome and costly affair? A Used car loan can exactly help you with that. Even with budget constraints, you can now easily raise yourself to car-owners status because it is a very pocket-friendly option compared to its new car alternative. The depreciation rates, as well as the insurance costs of a used car, are lower than those of a new car. Hence, it is important to choose the right lender for a used car finance near me. This is where Bhumi Finance comes into the picture.
Why you should choose Bhumi Finance for your used car loan? With Bhumi Finance, your desired vehicle is just a few effortless steps away. What makes it an ideal choice for people seeking a used car loan? Let’s see below.
The loan amount has an upper limit. To buy a second-hand car, you may avail of a loan as high as INR 50 lakhs.
Lucrative interest rates. Though interest rates for used car finance near me are higher owing to the risks associated with both the buyer and the lender, those offered by us are unrivaled. While most lenders opt for around 65-80% of the estimated value of the purchased car as their down payment, we lend used car loan interest rates up to 95% of the value.
Get the desired flexibility on the payment methods It offers flexibility as it lets you decide on your loan amount, loan tenure, and EMI period. You can also opt for a payment method as per your convenience: it can be post-dated cheques, online payment, or ECS (Electronic Clearance Service), an auto-debit facility where the EMI is routinely subtracted from your bank account.
Minimum documentation is involved. For an old car loan finance, almost the entire process can be conducted on the online platform. The only paperwork that needs to be submitted at a branch is the application form for the loan. Even the document required is very basic and minimal, making the entire loan application process hassle-free. Besides, you get speedy approvals once the application and document have been verified.
Apply for a used car loan with Car Kharido Becho 24! At Car Kharido Becho 24, availing of a second-hand car loan is simple and convenient. All you need to do is to meet a set of criteria: The applicant must be in the age group of 21-65 years. The applicant needs to have a minimum monthly salary of INR 20,000 and one-year job experience. Along with the application form, you need to submit documents to verify your credentials. That’s all.
Wish to get an old car loan finance now? Opt for the best used car finance near me by reaching out to them via https://carkharidobecho24.com/.