High Loan Amount
Hero FinCorp offers substantial Used Car Loans ranging from Rs 0.5 Lakh to Rs 50 Lakh in Bhimavaram.
Used Car Loan in Bhimavaram
- Loan up to Rs 50 Lakh
- Minimum Salary Required ₹15K
- Instant Approval
Used Car Loan EMI Calculator
Get Used to Car Finance in Bhimavaram with Quick Approval
Bhimavaram is famed for its picturesque landscapes, rich tradition, and historical significance, making it a popular tourist destination. Furthermore, the warm hospitality adds to its charm, attracting visitors to the city.
Bhimavaram's history is centuries old, with attractions like temples, heritage landscapes, and natural beauty-oriented destinations for travellers. However, in such a place, convenience is one of the major aspects of travel, making exploring places in Bhimavaram easy and remarkably stress-free.
Having a car is a great way to explore the city. However, buying a new car may stress your finances. So, it’s good to prefer a pre-owned car in Bhimavaram.
Hero FinCorp offers used car finance in Bhimavaram with attractive interest rates, flexible repayment tenures and quick approval.
Features And Benefits of Hero FinCorp Second-Hand Car Loan in Bhimavaram
Hero FinCorp offers exciting and pocket-friendly features, making buying your dream car easy and achievable. Hero FinCorp's Used Car Loans in Bhimavaram offer high loan amounts with instant approval tailored to address customers' financial concerns, ensuring solutions that are accessible, convenient, and affordable.
Attractive Interest Rate
Hero FinCorp offers competitive interest rates starting at 12.5% per annum.
Collateral-Free
Borrowers can avail of used car finance for private vehicles without any collateral requirement.
Flexible Repayment Tenure
There are repayment options for up to 5 years.
Instant Approval
Experience quick and easy loan approval with Hero FinCorp in Bhimavaram.
Eligibility Criteria for Instant Second-Hand Car Loan in Bhimavaram
If you are planning to take out a second-hand car loan in Bhimavaram, you must understand whether you are eligible and whether you meet the required criteria.
Age
Applicants should be at least 18 years of age.
Citizenship
Indian citizenship is a prerequisite.
Work Experience
The applicants should have a minimum of one year of work experience.
Monthly Salary
We do not have predefined minimum monthly income criteria.
Documents Required to Apply for a Second-Hand Car Loan in Bhimavaram
Here's a breakdown of the documents you'll need for second-hand car finance in Bhimavaram.
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 Bhimavaram
You can enjoy the advantages of competitive rates, making it easier to fulfil your dream of owning your desired car without straining your finances or budget. Hero FinCorp provides competitive Used Car Loan interest rates in Bhimavaram, starting from 12.50% per annum.
How to Apply For a Pre-Owned Car Loan in Bhimavaram?
Applying for private finance for a used car in Bhimavaram with Hero FinCorp is a simple and easy process. Whether applying in person or online, the process at Hero FinCorp ensures convenience and efficiency.
- 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, Hero FinCorp offers Used Car Loans ranging from Rs 0.5 Lakh to Rs 50 Lakh in Bhimavaram.
Due to factors like risk associated with older vehicles, shorter loan tenure, and potential depreciation of the vehicle, the interest rate is high compared to the loans for new cars. However, with Hero FinCorp, you get competitive Used Car Loan interest rates, making it easy to manage the loan.
Yes, with Hero FinCorp, you can easily get customised, affordable, and easily accessible second-hand car loans with minimum documentation.
Hero FinCorp offers competitive interest rates starting at 12.50% per annum on pre-owned car loans in Bhimavaram.