In India, owning a car is considered one of the biggest milestones of one’s life. But given the rising expenditure costs of almost everything, even after a considerable hike in the income of the consumer, purchasing a car is still a dream. With Car Kharido Becho 24, why postpone the dream of buying a car when you can now get a loan against cars at an attractive interest rate online? In this blog post, we bring a comprehensive guide for you on the same. Check it out now!

Your Step-by-Step Guide of Loan Against Cars

Once you have selected a car that you would like to purchase, the next step for most buyers is to apply for a car loan. You no longer need to personally visit the branch office of a lender to apply for a loan against second hand car. Here is a step-by-step guide on how to apply and get the loan approved:

STEP 1. Pick the Right Lender

Most banks in India now offer a loan against cars, but you should select one that is reputed and known for its customer service. Make sure that you compare the interest rate, loan tenure, maximum loan amount, etc. of different lenders to make the right decision. After selecting a lender, visit their online portal to begin the application process. At Car Kharido Becho 24, we provide the most lucrative interest rates and the best loan terms.

STEP 2. See if you Fulfill the Eligibility Criterion or not

To get a loan against your car, an applicant is required to see whether they fulfill our eligibility criterion or not. The eligibility criterion varies from lender to lender. The eligibility criterion of Car Kharido Becho 24 is pretty easy to meet. We factor in the employment status and income of the applicant, your details as well as your credit score. 

STEP 3. Brainstorm over your Loan Amount and Tenure Carefully

Once you fit in the eligibility criteria, start brainstorming over the loan amount you require as well as its repayment tenure. At Car Kharido Becho, we offer 100% on-road price financing. We have an online EMI calculator on our website. One can use them to compute the EMI. This is a seamless way to find out how much you will be paying back every month for a particular loan amount. Apart from this, we also offer a top-up loan on existing car loans.

STEP 4. Do Proper Documentation

For instant loan against car approval online, you will also be required to submit a few documents. This can be done online or by visiting the nearest branch of the lender. While the document requirements can vary between lenders, you will mostly be required to submit ID proof, address proof, and income proof. Once the documents are submitted successfully, the lender will then start the approval process.

STEP 5: Book your Dream Car

If you meet the eligibility requirements and your documents are in order, the lender will approve your application. Once you have the required funds, you can then go ahead and book your dream car. In the same manner, your existing car loan transfer application can get approved. 

Now that you know how to get second hand car finance in Allahabad, look for a reputed lender to turn your dream of owning a car into a reality. For further information, visit