Having a car in the house is a thought which has crossed every person’s mind at least once in their life. A car gives you ultimate comfort and ease of travel. Buying a used car to get the experience of your own car, or getting hands on practice, is often a smarter and more economical idea. To help bridge any financial gap, used car loans are available at ease. A used car is easier to buy than a brand new car. Purchasing a used or second hand car is an extremely easy process. However, it is advisable to be careful while buying a used car and keep a few important things in mind.
- The Pre-Owned car should be certified
- Check the engine condition
- Look out for proper safety features
- Inspect all the paperwork such as the Invoice, tax books, registration certificates, PUC certificate etc.
- Negotiate the price
- Ask for an Ownership Transfer letter
Even if you choose to take a Used Car Loan, you need to keep the above things in mind when you purchase the car. With Indiabulls Dhani, availing a Used Car Loan is a swift process.
Just follow the 6 steps below and avail a loan in just a few minutes.
1. Finalize the Car Model
Choose a car model which suits your needs. Check for safety measures and other important details. The car should be suitable for your family’s needs too. If your family has children and senior citizens, then the car should be equipped as such.
2. Start the Car Loan Application Process
Once you have finalized the model of the car, the next step is to apply for a Used Car Loan. You can visit the Indiabulls Dhani website or you can download the mobile application named ‘Instant Personal Loan App – Indiabulls Dhani’. You can log in using your mobile number. Once you get an OTP, verify the number to initiate the application process.
3. Select the Loan Amount and Tenure
Once the login is successful, you need to enter the loan amount and select the desired tenure.
4. Fill in the Details
Next up, you have to fill in a few details such as your employment status, personal identity details, address proof, bank account details etc.
5. On-the-spot Approval of Car Loan
Once all the details have been entered, the approval process for your loan starts. It takes only a few minutes to verify all the details and you get the approval on the spot.
6. Swift Disbursal
After the approval, the loan amount gets deposited into your account almost instantly.
Indiabulls Dhani offers you competitive used car loan interest rate. We do not hypothecate your vehicle. We provide financing for any type of vehicle or dealer. The process is digitized with minimal documentation and is absolutely hassle-free. You can keep tabs on your loan anywhere, anytime with the help of our mobile application.