Generous Loan Amounts
Hero FinCorp provides loan amount up to Rs 5 Lakh.
Calculate Your Used Car Loan EMI
Get Used Car Finance in Chevella With Quick Approval
Nestled in the picturesque Rangareddy district of Telangana, Chevella City offers a delightful blend of natural beauty and industrial prominence. Here, you'll find the serene Ananthagiri Hills, a haven for trekking enthusiasts and nature lovers alike. And let's not forget about the breathtaking Osman Sagar Lake, also known as Gandipet, where scenic views and water activities await.
Chevella isn't just about nature; it's a bustling hub of diverse industries, with agriculture, poultry farming, and textiles playing pivotal roles in the local economy. The city's numerous poultry farms and textile mills provide ample employment opportunities and contribute significantly to its economic growth.
But that's not all. Chevella also boasts a rich cultural heritage, with historic temples and landmarks adorning its landscape. Among them is the revered Ramalingeshwara Temple, dedicated to Lord Shiva, drawing devotees and tourists alike.
With its blend of natural splendour, thriving industries, and cultural treasures, Chevella City offers a unique tapestry of attractions and opportunities for residents and visitors alike.
Features and Benefits of Second-Hand Car Loan in Chevella
Explore the perks of Hero FinCorp's second-hand car loan in Chevella, designed to offer convenience and flexibility for your car purchase needs.
Competitive Interest Rates
Get affordable and manageable car loans with competitive interest rates.
No Collateral Required
Hero FinCorp offers collateral-free loans.
Flexible Repayment Options
Hero FinCorp offers flexible tenure options.
Swift Approval Process
Experience swift loan approval with Hero FinCorp's efficient systems.
Eligibility Criteria for Instant Second-Hand Car Loan in Chevella
Discover the eligibility requirements for an instant second-hand car loan in Chevella and kickstart your car-buying journey hassle-free.
Age
Applicants must be at least 18 years of age.
Citizenship
Eligibility is extended to Indian citizens residing in Chevella.
Work Experience
Minimum work experience of one year for both salaried and self-employed.
Monthly Salary
There is no minimum monthly income criteria.
Documents Required to Apply for a Second-Hand Car Loan in Chevella
Here is a list of all the documents required to apply for a Second-Hand Car Loan in Chevella:
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 Licence, 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 Chevella
Here is the list of fees & charges for a Used Car Loans in Chevella:
How to Apply For a Pre-Owned Car Loan in Chevella?
Availing of a used car loan in Chevella is a straightforward process. Follow these steps to apply:
- 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)
Interest rates on used car loans in Chevella may vary based on factors like loan amount, tenure, and borrower's credit profile. Generally, interest rates for used car loans are slightly higher than those for new car loans due to increased risk. Lenders offer competitive rates to attract customers, so comparing offers from different lenders is advisable before finalising.
Lenders in Chevella typically charge a processing fee ranging from 0.5% to 4% of the loan amount. The processing fee covers administrative expenses related to loan processing, documentation, and verification. Some lenders may offer promotional waivers or discounts on processing fees, so it's recommended to inquire about such offers while applying.
The financing percentage for Used Car Loans in Chevella can be up to 90% of the car's value. The exact percentage depends on factors like the condition of the car, and the borrower's age and creditworthiness. Borrowers may need to make a down payment to cover the remaining percentage of the car's value not financed by the loan.
A used car loan in Chevella works similarly to other loans, where the borrower applies for financing to purchase a pre-owned vehicle. Upon approval, the lender disburses the loan amount to the borrower or directly to the seller. The borrower repays the loan in fixed monthly instalments over the loan tenure, including interest charges. Failure to repay may result in penalties, affecting the borrower's credit score and possibly leading to vehicle repossession.
In Chevella, used car loans typically range from a minimum of Rs 50,000 or Rs 1 Lakh, depending on the lender, to a maximum of Rs 50 Lakh, determined by the borrower's eligibility, income, and the specific lender's policies.