High Loan Amount
At Hero FinCorp, you can borrow up to Rs 50 Lakh second-hand car finance in Bobbili.
Apply for loan on HIPL app available on Google Playstore Download Now
Bobbili is a town in Andhra Pradesh’s Vizianagaram district. Many people reside in Bobbili due to its quality education system through Rajah RSRK Ranga Rao College and Samsthanam High School. Popular attractions in and around the town include Sri Venu Gopala Swamy Temple, Chitrakote Waterfalls, Bobbili Kota, Kotumsar Cave, and the VMRDA INS Kursura Submarine Museum. Prominent industries in the district include pharma, steel, sugarcane, ferro alloys, cashew processing, chemicals, etc.
If you live in Bobbili, a pre-owned car can be an excellent transportation medium to get around the town on a budget. However, when you are short on money, a Used Car Loan in Bobbili from Hero FinCorp can be the top financing option. We finance up to 175% of the used car purchase with a loan amount of up to Rs 50 Lakh. Read on to find out more about our Used Car Finance in Bobbili.
Understanding its features and benefits is essential before learning how to obtain a second-hand car loan in Bobbili. These include the following:
At Hero FinCorp, you can borrow up to Rs 50 Lakh second-hand car finance in Bobbili.
Hero FinCorp provides the most reasonable Used Car Loan interest rate in Bobbili, starting at 12.5% per annum.
You can get used car finance in Bobbili without pledging any asset as collateral.
You can repay a second-hand car loan in Bobbili across a tenure of up to five years.
Thanks to the digital loan procedures, no collateral is required.
Checking the eligibility criteria is essential to avoid rejection due to frivolous reasons. To qualify for second-hand car finance in Bobbili from Hero FinCorp, you must fulfil the following eligibility criteria:
18 to 60 years for salaried employees; 18 to 65 years for self-employed.
Indian citizenship is mandatory for Used Car Loan application at Hero FinCorp.
Minimum 1 year for both salaried and self-employed individuals.
There is no specific minimum income requirement for Used Car Loan applicants.
The documentation requirements are crucial when applying for private finance for a used car in Bobbili. However, Hero FinCorp has minimal documentation requirements compared to most other lending institutions that demand extensive paperwork.
The required documents include your age, income, address, identity, job, and signature proof for salaried applicants. Self-employed applicants must provide additional documents like business or office proof, occupation proof, etc. If more documents are necessary to verify some details, a representative may get in touch to request them.
Duly filled application form, Car's registration certificate
Aadhar Card, Voter ID Card, Driving License, Passport, Photo ID Card issued by GOI
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
Birth Certificate, PAN Card, Driving Licence, Passport
Form 16, ITR, Appointment Letter, Salary Slip with Joining Date on it, Relieving Certificate, Experience certificate
Banker's Verification, PAN Card, Passport
Latest Salary Slips, Form 16, Bank Account Statement, ITR
Duly filled loan application form, Car's registration certificate
Aadhar Card, Driving License, Voter ID Card, Passport
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
Birth Certificate, PAN Card, Driving Licence, Passport
VAT Registration, Sales Tax Registration, Excise Registration, Service Tax Registration Certificate, SSI or MSME Registration Certificate, Shop & Establishment Registration Certificate
PAN Card, Banker's Verification, Passport
Profit & Loss Statement, Recent ITRs, Audited Balance Sheet, Current Account Statement
Hero FinCorp offers loans at the best interest rate for Used Car Loans in Bobbili. However, your final interest rate largely depends on the following factors:
Follow these steps to apply for a Used Car Loan in Bobbili:
Visit our Used Car Loan page.
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.
Under “Apply for a Loan”, provide the correct personal and professional details along with your mobile number and OTP received.
Then agree to the Terms & Conditions by ticking the checkbox and click on “Submit”.
CIBIL score for used car finance in Bobbili is the 3-digit number representing your repayment history and overall credit behaviour. A score above 700-750 is good enough to attract a favourable loan plan with a reasonable interest rate and better terms and conditions.