Tips To Make The Used Car Loan Application Process Easy

1

• Tips To Make The Used Car Loan Application
  Process Easy

2

• Select Your Dream Car
• Explore the options in the market
• Always check for car documents, liens, car age,
  etc.

3

• Fill Up Your Application Form
• Check the eligibility criteria
• Keep your documents handy
• You can apply either online or offline

4

• Finalise The Loan Amount
• Compare the costs and fees associated with your
  loan
• Choose the EMI and tenure that suits your budget

5

• Documents Submission
• After document verification, the lender will
  disburse the loan amount

6

• Required Documents For Salaried Self-Employed-
• Identity proof and address proof
• Income proof (different for salaried and
  self-employed)
• Copy of vehicle registration certificate
• Utility bill
• Copy of signature with signature proof (for
  self-employed)

7

• Eligibility Criteria-
• You should be between 21 and 65 years
• Must have a minimum monthly income of Rs.20,000
• Minimum one year of job experience for salaried
  and three years in business for business owners

8

• Used Car Loan Features
• Minimal documentation
• Loan amount up to Rs. 50 lacs and LTV ratio up to
  80
• Flexible EMI and loan tenure
• Low interest rate

9

• Tips To Get An Affordable Pre-Owned Car Loan

10

• Compare Lenders
• To get the best deal, check for rates and offers
  with different lenders

11

• Double Check Documents
• Always verify the registration number and VIN
• Check insurance papers

12

• Maintain Healthy Credit History

13

• Condition of Car
• Avoid purchasing a car that has previously met
  with an accident

14

• Warranty Check
• Go for a car that is in the warranty period.

15

• Conclusion
• Used cars are cheaper and have low insurance
  cost. Buy one with a used car loan.

16
Thank You !Would Love to Hear From You

• Hero FinCorp Limited
• 09, Basant Lok, Vasant Vihar, New Delhi - 110057
• Tel. [phone]
• Email Id Corporate.Care_at_HeroFinCorp.com
• Website https//www.herofincorp.com/
• Know more- Tips To Make The Used Car Loan
  Application Process Easy