High Loan Amount
Secure financing ranging from Rs 50K to 50 Lakh.
Used Car Loan in Anantapur
- Loan up to Rs 50 Lakh
- Minimum Salary Required ₹15K
- Instant Approval
Used Car Loan EMI Calculator
Get Used Car Finance in Anantapur with Quick Approval
Anantapur is a city brimming with heritage and lively city life. Its picturesque sceneries and storied past attract locals and tourists alike, offering a charming blend of history and modernity. Anantapur's appeal is undeniable whether you're a resident enjoying the city's bustling atmosphere or a traveller exploring its scenic beauty.
Owning a car is a better option for making transportation within the city easier. However, if buying a new car seems stressful, you should prefer a pre-owned vehicle in Anantapur. You can choose a sedan for occasional driving or a hatchback to quickly get through the city's bustling streets on a daily basis.
Hero FinCorp offers used car finance in Anantapur with competitive rates and flexible repayment tenures, helping city residents effortlessly realise their automotive dreams.
Features and Benefits of Hero FinCorp Second-Hand Car Loan in Anantapur
The advantages of Hero FinCorp's Used Car Loan in Anantapur stand out, offering flexibility and convenience tailored to your needs.
Attractive Interest Rate
Hero FinCorp offers a competitive Used Car Loan interest rate starting from 12.5% per annum.
Collateral-Free
Obtain financing without collateral.
Flexible Repayment Tenure
Benefit from flexible repayment tenures of up to 5 years.
Instant Approval
Experience quick loan approval processes within 24-48 hours.
Eligibility Criteria for Instant Second-Hand Car Loan in Anantapur
With the growing popularity of pre-owned vehicles, Hero FinCorp has introduced instant second-hand car finance in Anantapur to cater to this growing market. However, prospective buyers must understand the eligibility criteria for used car loans.
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 Anantapur
Applying for a second-hand car loan requires some documentation. Understanding the necessary paperwork can simplify the process and increase your chances of approval. Here are the essential documents needed to apply for a second-hand car loan in Anantapur:
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 Anantapur
Here is a list of Fees & Charges for Used Car Loans in Anantapur:
How to Apply For a Pre-Owned Car Loan in Anantapur?
The application procedure is quick, straightforward, and completely digital at Hero FinCorp. These are the simple steps to apply for used car private finance in Anantapur:
- 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)
The best interest rate for a used car loan is 12.50% per annum, which can be obtained through Hero FinCorp.
Yes, Hero FinCorp extends complete financial coverage for used car purchases, providing 100% finance to purchase your desired vehicle.
The cheapest car loan depends on various factors, such as interest rates, processing fees, and eligibility criteria. Hero FinCorp offers competitive interest rates for used car loans starting from 12.50% per annum, making it an affordable option for borrowers.
With a monthly salary of Rs 25,000, you could qualify for a car loan of approximately Rs 3,75,000 based on lenders' standard multiplier methods, your creditworthiness, and other factors like FOIR and job stability.