The Indian automobile market is progressing rapidly. Not everyone has the money required to buy a new car. Therefore, the used car market is also large with several online portals helping you choose the best pre-owned vehicle.
Buying a used car requires doing some research. You need to consider several factors while making your choice. Even if you are looking for a used car, you may not have the entire amount. You may apply for a used car loan to meet the fund shortfall.
Before knowing more about such loans, here are eight recommended pre-owned cars:
- Maruti Suzuki Swift
It is fuel-efficient with a sporty design. Some of its features include a powerful engine, spaciousness, and easy servicing.
- Hyundai i10
This car is pleasant in appearance and easy to maintain. The car is a good choice as an entry-level vehicle that is stylish and comfortable.
- Maruti Suzuki Alto
The most important benefit of the Alto is its affordability. Low maintenance and the robust machine make it a popular vehicle and you may buy with an affordable used car loan interest rate.
- Honda City
If you want to buy a sedan, the Honda City is a good option. It is a mix of corporate style and sporty feel with reliability and excellent after-sales service.
- Maruti Suzuki WagonR
It is easy to drive with lots of space. The heightened frame gives it the nickname of the ’tall boy’ and is a popular second-hand car brought with a loan for used cars.
- Toyota Innova
This multi-purpose vehicle provides low maintenance, adequate space, and reliability. It is also available at affordable prices in the pre-owned car segment.
- Hyundai Santro Xing
It is a perfect zippy small vehicle to drive in the city. The reliability and affordability of this car make it a popular vehicle purchased with a second-hand car loan.
- Hyundai Verna
This is a great looking car with premium badge front grille and hidden diesel engine at the rear. Along with the stunning looks, the Verna includes several power-packed features.
Now that you know the popular pre-owned vehicles, you may want to know the used car loan eligibility criteria. If you are salaried or self-employed with more than one year of work experience and over 21 years old, you may avail of this type of loan.
You may apply for the loan online, which makes it convenient, quick, and simple. Here is the list of documents required for a used car loan:
- Banking proof
- Photo identity
- Address proof
With benefits such as affordable pre-owned car loan interest rate, flexible repayment tenure, and higher loan-to-value ratio, you can easily own your dream vehicle. Apply today and drive your car.