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    Used Car Loan - Avail Second Hand Car Loan | Pre-Owned Car Loan To avail visit http://vhinsurancepoint.com Same Day Approval, Offers from Top Banks, 20+ Options & Best Rates. Apply Now! Compare & Get Best Quotes. A used car loan is a loan facility extended to people who are interested in buying used cars or pre-owned cars. Used cars offer value for money, slow rate of depreciation, lower insurance and registration charges, and lower loan amount to be borrowed. Given that there are numerous dealerships selling reliable and good condition pre-owned cars, you may opt for them. offers used car loans with the following features Loan up to 90% value of the used car Loan up to 100% in special cases Loan tenure up to 5 years Loan up to 7 years in special cases Customized repayment schedules Choice of EMI plans Easy to use platform Car Loan Interest rate at minimum of 13.5% What are the Interest Rates on Used Car Loans?   The car loan interest rate on used car loans is a minimum of 13.5%. Interest rate is applicable on individual cases depending on various factors such as Age of car Type of car Credit score Ability to pay back Work experience, age and profession of the borrower   What is the maximum second hand car loan amount?   The maximum used car loan amount granted is as follows Up to 90% of the value of the used car Up to 100% of the value of the used car in special cases   What is the tenure of the car loan?   The tenure of the car loan is as follows Up to 5 years Up to 7 years in special cases The tenure depends on the maximum age of the car at the time of maturity of the loan which is 9 years. For instance, if the age of the car at the time of borrowing is 2 years, then the maximum tenure is 7 years in special cases and 5 years in normal cases.   How much EMI do you have to pay?   You can decide the EMI you want to pay depending on your ability to pay and the tenure. The EMI will be lower if the tenure is higher. You can use our car loan EMI calculator to arrive at a comfortable EMI subject to terms and conditions operable at the time of borrowing.   APPLY NOW Are you Eligible for a Used Car Loan?   You are eligible for a used car loan from us if you satisfy the following conditions You are a salaried individual with income of at least Rs 2.5 lakhs per annum You are a self-employed person or a self-employed non-individual with income of at least Rs 2 lakhs per annum We extend loans on the value of the used car under the loan to value ratio (LTV) principle. Here, the LTV is usually limited to a maximum of 90% but in special cases, it can go up to 100% in respect of select vehicle models and select category of salaried individuals employed in Super Cat A and Cat A company list. Before you decide to apply, check your car loan eligibility.      What are the documents required?   We seek copies of standard documents from you along with your application for a used car loan which includes   For salaried and self-employed persons PAN card, Proof of address Proof of signature Photograph Any of Form 16 or salary slip or ITR Three-month bank statement For self-employed non-individuals Ownership documents - registered partnership deed or certificate of incorporation of public and private limited companies including memorandum and articles of association Commencement of business certificate PAN card and proof of address Photograph ITR and audited balance sheet and profit and loss statement Learn in depth about the documents required for a car loan before you choose to apply. We provide you with the most liberal terms and conditions for used car loans. They include Trusted brand from the most revered brand in India - Tata Complete transparency in loan process, repayment and procedures Second Hand Car Finance for salaried and self-employed individuals and self-employed non-individuals Used Car Finance up to LTV of 100% on select vehicles Tenure up to 7 years depending on the newness of the car Very attractive car loan interest rates Easy EMI calculations with our 3-step car loan EMI calculator Four options for repayment with a 3-step car loan EMI calculator Tie-up with Mahindra First Choice Tie-up with reputed used car dealers and pre-owned car entities Minimal paperwork Quick approval and disbursement process You can obtain a cash loan on your existing unencumbered car You can transfer your existing second hand car loan to us and enjoy the many benefits we offer Repayment of Loan   Repayment of Loan   Our loan repayment options are among the best in the industry with four choices. You can choose the one that suits you the best. The options are as follows   Step Up EMI Option   In this option, you can increase the EMI every year.   Step Down EMI Option   In this option, you can reduce your EMI every year   Bullet Payment EMI Option   In this option you can prepay lump sum amounts periodically   Ballooning EMI Option   In this option, you can pay lower EMIs for all but one of the EMIs. The last EMI can be a large amount. To avail, visit www.vhinsurancepoint.com ICICI Lombard GIC Ltd, TATA AIG GIC Ltd, BAJAJ ALLINZ GIC Ltd, RELIANCE GIC Ltd, ROYAL SUNDARAM GIC Ltd, HDFC ERGO GIC Ltd APOLLO MUNICH HEALTH INSURANCE CO LTD, STAR HELTH INSURANCE CO LTD CHOLAMANDALAM GIC Ltd and USED CAR LOAN available at NEAR YOU VH Insurance Point, PADMANABHANAGAR, BANASHANKARI 2nd STAGE, BSK BANGALORE BUY CAR INSURANCE BUY HEALTH INSURANCE BUY TWO-WHEELER INSURANCE BUY TRAVEL INSURANCE BUY TERM INSURANCE BUY LIFE INSURANCE USED CAR LOANS REQUEST U TO CALL BACK      
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