Buying a pre-owned car is not rare. Get a used or second hand car loan from Sova FinServ to fulfill your desire. With a payback period of up to 7 years, pre-owned car loans provide competitive interest rates. The greatest interest rates on pre-owned automobile loans are available to you with hassle-free and quickly. Receive interest rates as low as 14.49% & 13.49% (repurchase) (refinance).
For speedy approval and loan disbursement, submit an application for second hand car loan with simple and quick documentation. You can also use our online application to request a used auto loan and receive a quick decision with little paperwork.
Features of Our Second Hand Car Loan
- Speedy Approval
- Money in Bank Account with-in the Shortest Time
- Lower EMIs
- Online Loan Account
- 84 Months of Repayment Period with Flexibility
- Tenure up to 7 years
If you match our straightforward eligibility requirements, enjoy approval in 1 day*.
Within the shortest time of loan acceptance, the money will be credited to your bank account.
Our flexi personal loans let you borrow with flexibility and make interest-only payments on time.
To adjust your EMI payments and check your loan statement online, log in to My Account on our customer portal.
You may select a seven years of repayment plan for your loan.
We offer you the freedom to choose the loan term and repay it over up to 7 years.
With the second hand car loan of Sova Finserv, you can obtain the money required to purchase a pre-owned vehicle. Our eligibility requirements are straightforward, and we just look at the most essential paperwork to accept your loan application. Your ability to purchase a used car on your terms is guaranteed by the quick loan processing we provide.
It is entirely up to you how long the loan will last and how long it will take to pay it off. Your EMIs would be manageable thanks to the competitive personal loan interest rates. Select the flexi option so you can borrow money as you need it and repay it. When you decide to pay interest-only EMIs for the first portion of the tenor, this also enables you to cut your EMIs by up to 55%*.
Eligibility and Documents of Used Car Loan
Anyone who satisfies the requirements listed below may apply for our second-hand car loan. If you satisfy all the requirements for qualifying, you will require a number of documents to complete the application procedure.
- Nationality: Indian Age: 21 years to 60 years*.
- Employed with: Public, private, or MNC.
- CIBIL score: 750 or higher.
- Monthly salary: Starting at Rs. 22,000, based on the city you live in.
Documents Required for Second Hand Car Loan
- KYC Documents: Aadhaar Card, PAN card, passport or voter’s ID
- Employee ID Card or Business Details
- Salary Slips of the Last 3 Months
*You should be 60 years or younger, at the end of the loan tenure.
Benefits of Our Pre-owned Car Loan
An easy 84-month loan repayment period – quick, effortless approval. After approval, the loan amount is deposited within 24 hours*. High loan balance Several documents are needed to approve a loan. There is no requirement for collateral, among other things Therefore, getting a personal loan to buy a pre-owned car can be a great credit alternative.
*Restrictions could apply.
FAQs
- What is a second hand car loan?
- How to get a loan for a second hand car?
- Can we get a car loan for a second hand car?
- How much financing is available for second hand cars?
- How long does it take to process a loan for a used car?
A second hand car loan is a loan type that enables you to purchase a used car through a convenient loan application process with Sova FinServ. Avail benefits such as attractive interest rates and flexible repayment tenure of up to 7 years.
To avail yourself of the loan, contact our customer support or apply online by filling out the form.
Absolutely, you can get a loan for a used car. Customers who want to buy a used or pre-owned car might choose Sova FinServ to finance their purchase using personal loans for used cars. These loans come with appealing interest rates and few paperwork requirements.
The lending institution that you select will often affect the loan amount for a used car loan. Significant personal loans for used cars are offered by NBFCs like Sova Finserv at competitive interest rates and flexible terms.
After all necessary documents have been submitted, the loan is sanctioned in one day and the payment is processed in a further two days.
