With the arrival of different car varieties making presence everyday in the Indian market, and also the rise in disposable income of individuals; more and more people tend to look for a car upgrade almost every two years. This has led to a huge used-car market, which has its own audience as not everyone fancies a brand new car or can afford one.
The popularity in the used car segment has led to more and more banks and independent financial institutions offering used car loans to attract this very audience. However, before you jump into a used car loan process, here are a few things that you must bear in mind to ensure that you bag the best deal without much hassle:
Overview of Sundaram Finance Used Car Loan
Sundaram Finance is a leading non-banking financial company in India that offers a variety of products and services to its consumers at affordable rates. The used car loan offered by Sundaram Finance is highly sought after.
Why Pick Sundaram Finance Used Car Loan?
- Reasonable Interest Rates– Sundaram Finance offers a competitive interest rate that range between 12% to 14% per annum.
- Loan Sanction – Get loan sanctioned for upto 85% of the used car value.
- Hassle-free Documentation– Sundaram Finance offers hassle-free documentation process to provide a simple and transparent loan application process.
- Speedy loan disbursal– Sundaram Finance offers speedy loan disbursals for used car loans with minimal documentation.
- Age of Vehicle– Loan is sanctioned for used cars upto 10 years.
Benefits of Applying Sundaram Finance Used Car Loan at Letzbank
- Loan Choices– Letzbank is a one-stop shop for all financial needs. You can choose from a variety of loan offerings at one place without having to visit different bank websites.
- Compare Loans– Easily compare loans offered by different banks with the simple filter tool according to your choices and requirements.
- Service Charge Waiver– Get the service charge waived off that is applicable on all loan applications when you apply for a loan directly at Letzbank website.
- EMI calculator– Calculate your loan EMI with ease with the help of Letzbank’s EMI calculator tool that only needs the loan amount, interest rate and loan tenure to calculate the EMI for you.
- Quick Apply feature – If you are in a hurry or unsure which is the best loan choice for you, rely on Letzbank to help you choose. Simply click on the Quick Apply button and enter a few basic details and a Letzbank representative will contact you.
- E-file IT Returns – Amongst the various services offered by Letzbank, you can file your income tax returns online with a click of a button. As some loans require filing of income tax returns as a mandate, this feature comes in handy.
- Check your Credit Score online – Check your credit score before applying for a loan to know your eligibility and your credit health at Letzbank website.
- Document Locker – Document Locker is a great tool offered by Letzbank that allows you to store your important documents online with utmost security and protection. This is useful when you need to apply for different loans and services on Letzbank and you can easily submit the documents online without much hassle.
Sundaram Finance Used Car Loan Eligibility
Sundaram finance used car loan is offered to individuals, proprietors, partners and private/public limited companies. The other criteria is dependent on the loan application and the car chosen.