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            • Home
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            • Used Car Loan
            • Used Car Loan in Armoor

            Used Car Loan in Armoor

            • Loan up to Rs 50 Lakh
            • Minimum Salary Required ₹15K
            • Instant Approval
            Apply Now
            • Overview
            • EMI Calculator
            • Eligibility
            • Documents Required
            • Interest Rate & Charges

            Used Car Loan EMI Calculator

            Calculate your EMI and choose the most suitable EMI for you

            ₹ 0
            ₹ 0
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            Apply Now

            Get Used Car Finance in Armoor with Quick Approval

            Armoor is a lively city in Andhra Pradesh full of modernity and tradition. It's famous for its crafts, artifacts, and handloom industry, which attract many tourists. Religious sites like the Dichpalli Temple and Basar Saraswati Temple are famous worldwide. Armoor's economy thrives in various sectors, making it a crucial part of the region.

            When commuting in the city, families prefer to travel together. For this, a car is the preferred option. However, not everyone can afford to purchase a new vehicle. So, many prefer second-hand cars. That's why Hero FinCorp offers used car finance in Armoor.

            Cars are no longer just luxury items, especially in Armoor, where transportation is booming. With so much to see and do, having a car is essential for getting around conveniently. That's why understanding used car finance is important. It helps people in Armoor afford reliable transportation, making daily life easier.

            With Used Car Loans in Armoor, residents and visitors can get through the city's bustling streets without hassle. So, knowing about used car finance is essential for anyone looking to enjoy the city to the fullest.

            Features and Benefits of Hero FinCorp Second-Hand Car Loan in Armoor

            Hero FinCorp's used car finance in Armoor offers various features and benefits to ensure a hassle-free experience for buyers. These solutions include flexible interest rates, repayment tenures, loan amounts, etc. Let's explore these features to gain a comprehensive understanding.

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            High Loan Amount

            Used car finance in Armoor extends loans of up to Rs 50 Lakh.

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            Attractive Interest Rate

            Hero FinCorp's used car loan interest rates start at 12.5% per annum.

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            Collateral-Free

            Hero FinCorp's policy of collateral-free loans simplifies the loan process.

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            Flexible Repayment Tenure

            Hero FinCorp offers a repayment tenure of up to 5 years.

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            Instant Approval

            Hassle-free and swift loan approval within 24-48 hours in Armoor.

            Eligibility Criteria for Instant Second-hand Car Loans in Armoor

            The eligibility criteria for used car finance in Armoor are simple, offering a hassle-free experience. Hero FinCorp has minimal requirements, making the process easy, which are:

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            Age

            Applicants should be at least 18 years of age.

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            Citizenship

            Indian citizenship is a prerequisite.

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            Work Experience

            Minimum one year of work experience for both salaried and self-employed.

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            Monthly Salary

            We do not have predefined minimum monthly income criteria.

            Check Your Loan Eligibility

            Documents Required to Apply for a Second-Hand Car Loan in Armoor

            Hero FinCorp simplifies Second-Hand car loan documentation in Armoor, with distinct requirements for salaried and self-employed individuals.

            Documents Required for Salaried Employee

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            Mandatory Documents

            Duly filled application form, Car's registration certificate

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            Identity Proof

            Aadhar Card, Voter ID Card, Driving License, Passport, Photo ID Card issued by GOI

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            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

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            Age Proof

            Birth Certificate, PAN Card, Driving Licence, Passport

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            Job/Business Proof

            Form 16, ITR, Appointment Letter, Salary Slip with Joining Date on it, Relieving Certificate, Experience certificate

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            Signature Verification Proof

            Banker's Verification, PAN Card, Passport

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            Income Proof

            Latest Salary Slips, Form 16, Bank Account Statement, ITR

            Documents Required for Self-Employed

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            Mandatory Documents

            Duly filled loan application form, Car's registration certificate

            identity_proof.png
            Identity Proof

            Aadhar Card, Driving License, Voter ID Card, Passport

            office-address-proof.png
            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.png
            Age Proof

            Birth Certificate, PAN Card, Driving Licence, Passport

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            Job/Business Proof

            VAT Registration, Sales Tax Registration, Excise Registration, Service Tax Registration Certificate, SSI or MSME Registration Certificate, Shop & Establishment Registration Certificate

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            Signature Verification Proof

            PAN Card, Banker's Verification, Passport

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            Income Proof

            Profit & Loss Statement, Recent ITRs, Audited Balance Sheet, Current Account Statement

            Interest Rates on Used Car Loans in Armoor

            Hero FinCorp stands out in the second-hand car finance Armoor market with competitive interest rates starting from 12.5% per annum, ensuring affordability and attractive deals for customers. Their commitment to transparency is evident throughout the loan process, considering factors such as credit history and income to provide clarity to applicants.

            Moreover, Hero FinCorp offers the expertise of a dedicated team to assist customers at every step of the used car finance in Armoor process, ensuring a smooth and informed experience. Their flexible repayment options also empower borrowers to tailor their repayment schedules according to their financial preferences, allowing for greater convenience and control over the loan tenure.

            Pre-Owned Car Loan Interest Rates

            Starting from 12.5% to 26%

            Loan Amount

            Rs 50,000 (Min) – Rs 50,00,000 (Max)

            Loan Tenure

            12 Months (Min.) – 60 Months (Max)

            Loan Processing Fees

            0.5% - 4%

            Prepayment Charges

            5% on Principal outstanding (additionally interest up to 6 months for foreclosures within 6 months from date of disbursement)

            Other Charges

            As applicable

            Read More

            How to apply for a Pre-owned Car Loan in Armoor?

            Obtaining pre-owned car loans in Armoor through Hero FinCorp has become seamless and convenient. Here's a step-by-step guide:

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            • 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”.

            Apply Now

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            Frequently Asked Questions (FAQs)

            Yes, buying a second-hand car on loan is better because it provides better prices and better financial planning.
            You can buy a pre-owned car with zero down payment through Hero FinCorp’s Used Car Loans. Some lenders may offer zero down payment options based on eligibility criteria.
            You can buy a second-hand car on EMI with Hero FinCorp’s Used Car Loan.
            The maximum tenure for a pre-owned car loan from Hero FinCorp is 5 years.