Gone are the days when owning the car was considered to be a luxury. There was a time when buying a car was thought to be a milestone for anyone who could shell out loads of money all at once to buy their dream car. But in today’s pace life owning a car is no longer a luxury but a necessity made possible by taking a used car loan.
What is a Used Car Loan or Used Car finance?
It is a facility for those people who are interested in buying pre-owned or second-hand cars. One can buy a car for commercial purposes (buying a taxi or cab) as well as for personal purposes (gifting it to some relative, buying it for yourself or for your child etc.). A used car comes with various benefits like low insurance and registrations charges, a slower rate of depreciation, lower loan amount etc.
BEST VALUE : Get up to the 80% of the value of the used car.
MAXIMUM TENURE : At Loan Guru’s you can avail the used car loan for the maximum time period. Get it up to the period of 3- 5 years .
MINIMUM INTEREST RATES : We at Loan Guru ensures to get you the cheapest auto loan rates. Get that car loan at a minimum interest rate of 15-18%. The interest on the loan depends on various factors such as:
Age of car
Type of car
The financial position of the applicant
Who can apply for this used car loan?
One can apply for the loan if he/she satisfies the following conditions:
If he is an employed individual with a minimum annual income of 2.5 lakhs.
If he is a self-employed individual with a turnover of Rs.20 lakhs.
Documents required for the used car loan
For Employed Individuals
Recent Salary Slips
6 months bank A/C statements
Any Identity Proof
Income Tax Returns
PAN & Aadhaar card required
For Self-Employed Individuals
Any proof of Identity
1 year current A/C bank statement.
PAN & Aadhaar card required.
Rent Agreement if lives in rented house.
WHY CHOOSE LOAN GURU?
Because we at Loan Guru provide you the most liberal terms and conditions for used car loans which are:
Hassle free loan disbursal
Most trusted brand in whole India
Guaranteed car loan with quick approval
Total transparency in the loan process and procedures
Cheapest auto loan rates
Already tied-up with reputed used car dealers in almost every city.
One of the best repayment options in the industry with customizable EMIs options.
Terms & Conditions
Interest rates mentioned above are for the loan availed for the cars which are for personal use only. Interest rates on the loan which is taken for a car for commercial purposes may differ. The interest rates may differ from time to time at the discretion of Loan Guru PVT. LTD. Terms and conditions apply
All the info written above is for the awareness and customer convenience only. It is intended to act only as a demonstrative guide about Loan Guru's product and services. For detailed information kindly contact at +91 9911175539 or please visit our branch.