Second-hand Car Loan in Mirzapur
Second-hand cars are much in demand as they appear to be a viable option for many people. So, if you are looking for second-hand car loan in Mirzapur then you are at the right place. We offer used car loans in Mirzapur at competitive interest rates and up to 7 years of repayment terms. In India, getting a used car loan financing is more challenging than getting a loan for a new car. Generally, banks offer around 90% financing on a brand new car. In addition to that, car loans have longer loan terms & higher finance rates. So choosing HDFC used car loan in Mirzapur or any other bank financing might not be a feasible option.
However, anyone in India can take advantage of car kharido becho 24, including salaried employees & self-employed individuals. And most importantly, there are ways to get a low rate second-hand car loan and extend the repayment period.
At car kharido becho 24, you will get second-hand car on EMI in Mirzapur at the best prices. Besides, we offer competitive old car loan interest rates for everyone.
Features and Benefits of Used Car Loans
A second hand car financing provides the following features and benefits:
- The loan amount is usually less when compared to a new automobile loan. Meaning, you have to pay a low used car loan EMI each month.
- Longer repayment duration in used car loan.
- Car Kharido becho 24 provides 85-90% of the loan & usually the lowest used car loan rates in Mirzapur.
- It is easy to apply for an old car loan in Mirzapur.
- Depreciation rates & Insurance costs are lower compared with new cars.
- Documentation requirements are minimal to get best used car loan interest rate.
- Car kharido becho 24 allows flexible repayment terms for second hand cars loan in Mirzapur.
Below are the eligibility car loan requirements in Mirzapur for salaried workers and self-employed individuals to get a car loan in Mirzapur:
Any of the following documents can be submitted as identity verification to get used cars loan in Mirzapur:
- An Aadhaar card
- A passport
- A valid driving license
- Voter identification card
- The PAN card
Submit the following documents as Proof of Address to finance a used car:
- Voter identification
- A copy of the LIC policy
- The Electricity Bill
- The Aadhaar card
- License to drive
- The Ration Card
- A passport is necessary
Submit all the following documents as evidence of income to obtain loan for second-hand car:
- Profit and loss statement
- Statement of cash flows
- Audit report
- Summary of Form 16
- A bank statement.
Employees earning a salary
The age limit is 21-65 years old.
Income: Rs.15,000 or more per month
Income Status: You must have been working for one or the same organization at least for a year
Those who are self-employed
The Age limit is 25-65 years old
Profit: Business should earn a minimum of Rs.1.5 lakh per annum
Income Status: You should be in the same line of work for a minimum of three years
Applicants to submit the following documents to get the best-used car loans in Mirzapur:
- A completed application form
- Passport-size photos
- Report on car valuation
Contact to get the best second-hand car loan interest rate or lowest EMI loan today!