High Loan Amount
At Hero FinCorp, you can get a loan of up to 50 Lakh.
Used Car Loan in Anakapalle
Loan up to Rs 50 Lakh
Minimum Salary Required ₹15K
Instant Approval
Used Car Loan EMI Calculator
Get Used Car Finance in Anakapalle with Quick Approval
Anakapalle welcomes its visitors with its captivating blend of natural beauty and thriving industries. Nature enthusiasts can rest at the serene Anakapalle Beach or explore the picturesque Ananthagiri Hills. The city's economy flourishes with diverse sectors, notably agriculture, pharmaceuticals, and textiles.
Anakapalle also boasts a rich cultural heritage, showcased through its revered temples, such as the Sri Venkateswara Swamy Temple and vibrant festivals like Ugadi. Positioned strategically near Visakhapatnam, Anakapalle serves as a vital transportation hub, facilitating easy access to various parts of Andhra Pradesh.
If you are thinking of having your own mode of family transportation, like a car, but feel the pinch of the cost, go for a second-hand car. You won't have to worry about paying the cost upfront. Hero FinCorp offers Used Car finance in Anakapalle with attractive interest rates and flexible repayment tenures.
Features and Benefits of Hero FinCorp Second-Hand Car Loan in Anakapalle
Are you eyeing a second-hand car in Anakapalle but held back by financial constraints? Hero FinCorp is here to make your dream drive a reality with its tailored Used Car Loan in Anakapalle. Here are the features and benefits that make Hero FinCorp stand out in car financing.
Attractive Interest Rate
Interest rate for used car loans in Anantapur, start from 12.5% per annum.
Collateral-Free
You can secure the loan you need without collateral.
Flexible Repayment Tenure
Get the flexibility of choosing repayment periods of up to 5 years.
Instant Approval
Experience swift approval processes with loan approvals within 24-48 hours.
Eligibility Criteria for Instant Second-Hand Car Loan in Anakapalle
With the convenience and flexibility that owning a car offers, many residents are attracted to the idea of purchasing a second-hand vehicle. However, financing such a purchase can often pose a significant hurdle. This is where instant second-hand car loans come into play, offering a swift and hassle-free solution.
Age
Applicants should be at least 18 years of age.
Citizenship
Indian citizenship is a prerequisite.
Work Experience
One year of work experience for both salaried and self-employed individuals.
Monthly Salary
At Hero FinCorp, we do not have predefined minimum monthly income criteria.
Documents Required to Apply for a Second-Hand Car Loan in Anakapalle
Here is a list of documents required for a Second-Hand Car Loan in Anakapalle:
Documents Required for Salaried Employee
Mandatory Documents
Duly filled application form, Car's registration certificate
Identity Proof
Aadhar Card, Voter ID Card, Driving License, Passport, Photo ID Card issued by GOI
Address Proof
Driving License, Voter ID Card, Aadhar Card, Utility Bill/ Rent or Lease Agreement, A letter having Name & Address Details Issued by the National Population Register
Age Proof
Birth Certificate, PAN Card, Driving Licence, Passport
Job/Business Proof
Form 16, ITR, Appointment Letter, Salary Slip with Joining Date on it, Relieving Certificate, Experience certificate
Signature Verification Proof
Banker's Verification, PAN Card, Passport
Income Proof
Latest Salary Slips, Form 16, Bank Account Statement, ITR
Documents Required for Self-Employed
Mandatory Documents
Duly filled loan application form, Car's registration certificate
Identity Proof
Aadhar Card, Driving License, Voter ID Card, Passport
Address Proof
Driving License, Voter ID Card, Rent or Lease Agreement, Utility Bill, Aadhar Card, A letter having Name & Address Details Issued by the National Population Register
Age Proof
Birth Certificate, PAN Card, Driving Licence, Passport
Job/Business Proof
VAT Registration, Sales Tax Registration, Excise Registration, Service Tax Registration Certificate, SSI or MSME Registration Certificate, Shop & Establishment Registration Certificate
Signature Verification Proof
PAN Card, Banker's Verification, Passport
Income Proof
Profit & Loss Statement, Recent ITRs, Audited Balance Sheet, Current Account Statement
Interest Rates on Used Car Loans in Anakapalle
Here are the detailed Fees and Charges of Used Car Loans in Anakapalle:
How to Apply For a Pre-Owned Car Loan in Anakapalle?
Looking to get second-hand car finance from Anakapalle? With Hero FinCorp's streamlined process, owning your dream car in Anakapalle becomes effortlessly convenient. Here’s the process.
- 1
Visit our Used Car Loan page.
- 2
Enter the required loan amount, interest rate and tenure in the EMI calculator. It will give you an estimate about the EMI you have to pay.
- 3
Under “Apply for a Loan”, provide the correct personal and professional details along with your mobile number and OTP received.
- 4
Then agree to the Terms & Conditions by ticking the checkbox and click on “Submit”.
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Frequently Asked Questions (FAQs)
Yes, you can easily get a loan for second-hand cars with Hero FinCorp. Ensure you fulfil the eligibility criteria for an easy disbursement process.
Hero FinCorp offers competitive interest rates for used car loans starting at 12.5% per annum, making it an economical choice for borrowers. The affordability of the cheapest car loan is influenced by factors like interest rates, processing fees, and eligibility criteria, all of which Hero FinCorp considers to offer favourable terms to customers.
Hero FinCorp offers comprehensive financial solutions for purchasing cars, including 100% loan options to help you easily buy your desired pre-owned vehicle.
With a salary of Rs 20,000, you may qualify for a Personal Loan of up to Rs 3,00,000 through Hero FinCorp. While this amount could assist in purchasing a car, factors like additional expenses, loan eligibility criteria, and monthly repayments should be carefully evaluated before proceeding.