High Loan Amount
Hero FinCorp offers loans up to Rs 50 Lakh.
Used Car Loan EMI Calculator
Get Used Car Finance in Chirala With Quick Approval
Chirala is a lovely town on the southeastern coast of Andhra Pradesh. Known for its breathtaking beaches like Vodarevu Beach, it attracts tourists and locals. It is also famous for its handloom industry, particularly silk and cotton sarees, combining traditional craft and modern design. The people of Chirala mainly depend on the textile industry, which provides jobs to thousands of people and boosts the economy at both local and national levels. Additionally, it is home to dynamic markets and educational institutions, and culturally, the town resounds with grandeur.
Features And Benefits of Hero FinCorp Second-Hand Car Loan in Chirala
Hero FinCorp knows that purchasing a used car is a big financial commitment. Our used car loan in Chirala is convenient, affordable, and available to all. The following are the features and benefits that can empower your car purchase with us:
Attractive Interest Rate
Hero FinCorp offer competitive used car loan interest rates.
Collateral-Free
The best thing about this loan is that you do not require any assets to pledge.
Flexible Repayment Tenure
Hero FinCorp offers used car loans with variable repayment tenures.
Instant Approval
Hero FinCorp has a simple application process and fast loan approvals.
Eligibility Criteria for Instant Second-Hand Car Loan in Chirala
It is crucial to be familiar with the eligibility criteria before you apply for second-hand car finance in Chirala to avoid obstacles in the approval process. Here’s what the eligibility criteria look like:
Age
Between 18 and 65 years old.
Citizenship
Be an Indian citizen at the time of a used car loan application.
Work Experience
Have a minimum of one year of work experience as defined by the lender.
Monthly Salary
No fixed criteria.
Documents Required to Apply for a Second-Hand Car Loan in Chirala
To expedite the second-hand car finance in Chirala, ensure you have the necessary documents ready. Typically, lenders will ask for:
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 Chirala
Your credit score, loan amount and repayment tenure determine the interest rates on a used car loan. They are slightly greater than a new vehicle loan. Hero FinCorp offers competitive interest rates on used car finance in Chirala:
How to Apply For a Pre-Owned Car Loan in Chirala?
Applying for a used car loan in Chirala is straightforward and hassle-free. Here’s a step-by-step guide:
- 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)
No. You can finance up to 90% of the car's value. You might need a down payment for the remaining amount.
Choose a loan tenure that allows for comfortable EMIs without straining your budget. Consider your financial situation and the total loan amount.
Loan eligibility may depend on the car's age, condition, and mileage. Check our website for specific guidelines.
You may get special schemes with attractive interest rates or relaxed eligibility during the festive season.
While a low credit score can impact your loan approval, you may get a loan with higher interest rate or stricter terms.