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What are the top reasons to get a second-hand car loan

Do you want to own a four-wheeler but lack the necessary funds? Here is how a used car loan can help you get through this.

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What are the top reasons to get a second-hand car loan

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  1. What are the top reasons to get a second-hand car loan?

  2. What does a second-hand car loan mean? • It allows you to buy a pre-owned car regardless of its model.

  3. Affordable rates • A good credit score can assist you in obtaining a low-interest used car loan.

  4. Immediate approval The advanced technology used by lenders enables them to provide instant approval.

  5. Less paperwork You will only need your KYC, proof of income, and a few car-related documents.

  6. Pre-approved loan • If you have a good relationship with your previous lender, you may be eligible for a pre-approved loan offer.

  7. Simple payback options • You can repay the loan through NACH, PDC, and ECS.

  8. Top-up feature • You can receive up to 175% of your current outstanding balance in additional funds.

  9. Higher loan amount • You can obtain a loan for up to 90% of the car's current market value.

  10. How to obtain an inexpensive second-hand car loan? • Purchase a car model with a higher resale value. • Pay a higher down payment. • Try to improve your credit record. • Finalise a car only after verifying all the documents.

  11. A used car loan can help you get your dream car without putting a strain on your wallet. 

  12. Thanks! Would Love to hear from you. Hero Fincorp Limited 09, Basant Lok, Vasant Vihar, New Delhi - 110057 Tel : 18001024145 Email : customer.care@herofincorp.com Website :https://www.herofincorp.com/ • Know More : https://www.herofincorp.com/blog/top-7-reasons-to-take-a-used-car-loan

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