The delight and thrill of having your car, whether it’s a compact or a luxury vehicle, are indescribable. If a new car is not an option, you always have the choice of purchasing a used car. Even a luxury model will cost less if you purchase a used automobile, which causes the market to overflow with infrequently used second-hand vehicles. Therefore, the price drop may fall well inside your loan qualifying requirements, and the pre-owned vehicle’s limited use allows you to purchase a nearly new vehicle. Yet, the depreciated price is still in the lakhs, necessitating the need for Hero Fincorp used car loan.
Some benefits of Hero Fincorp used car loans
Reduces the difficulty of setting up a large payment
Although a used car indeed costs less than a new car, the price will still fall well within lakhs. The cost of paying in cash in this situation is significantly higher than paying for the car with Hero Fincorpâ€™s used car loan.
Affordable Repayment Options
Applying for a Hero FinCorp used car loan gives you variable payback terms in addition to a range of payment options, including PDC, NACH, and ECS. This implies that you can choose a payback period and EMI that work with your financial situation. Make use of the Hero FinCorp used car loan EMI calculator to determine your
EMI in advance.
Various loan types and adjustable interest rates
You can select a type of used car loan you want to accept, just like with a home loan. For used cars, there are typically four main financing options: secured loans, unsecured loans, pre-computed loans, and simple interest loans. This provides the buyer with a chance to evaluate his ability to repay the loan before signing the loan documents.
Features of Hero Fincorp used car loan
â€¢ Any brand of car is eligible for a used car loan, with amounts ranging from 0.5 to 50 lakh rupees.
â€¢ 90% loan-to-value or LTV ratios make it simple to purchase any brand or model without using your money.
â€¢ The loan is authorized swiftly after a straightforward, online application process.
â€¢ You can apply for Hero Fincorp used car loan regardless of your employment statusâ€”salaried, independent, or business ownerâ€”as long as you live in India and are at least 18 years old.
â€¢ Your EMIs are manageable since interest rates are competitive. Customers of Hero FinCorp in the past and present receive better rates.
â€¢ At every turn, anticipate timely and effective customer service. Any questions you might have can be answered by one of our executives.
â€¢ Given that the car is hypothecated until the entire loan is repaid, you do not need to offer any security.
What are the advantages of Hero Fincorpâ€™s used car loan?
â€¢ Simple and quick approvals
â€¢ Documentation is simple
â€¢ Versatile Terms
â€¢ Quick client assistance
â€¢ Flexible Options for Repayment
â€¢ Low and Attractive Interest Rates
â€¢ Doorstep Service: Finance While You Remain at Home
Contact Us & Send Query-
Hero FinCorp Limited
09, Basant Lok, Vasant Vihar, New Delhi – 110057
Email Id: Corporate.Care@HeroFinCorp.com