KFS Multi Brand Car Dealer
The Best Place to Get Used Car Finance

A pre owned car loan, also known as a used car loan, is a type of loan that aims to help a person get a good secondhand car. This involves making monthly payments rather than paying in full cash, which is a somewhat more budget-friendly way to cop a vehicle.

What Are The Eligibility Criteria For Used Car Loan?
Once you decide to go for a used car loan, next is which bank is best for second hand car loan and whether you meet its eligibility criteria. However, banks in India have different conditions, but below is the most common eligibility criteria:

Particulars Details
Minimum Age 18 years
Maximum Age 60 years for salaried applicant& 65 years for self-employed applicants
Type of Employment Salaried/ Self-employed/Companies
Annual Income Minimum 3 Lacs
Car Model (Age/Tenure) 12 Years from Current Year 

 

Car Loan EMI Calculator

Equated Monthly Installments (EMI)

EMI Payable
Total Interest
Payable amount
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HOW KFS CAN HELP YOU IN GETTING REFINANCE

Refinancing might be a good option if you need to extend your repayment term or your credit score has improved and you're able to obtain a more competitive interest rate as a result. Securing a lower interest rate through a refinance reduces your cost of borrowing so you'll pay less on your personal loan overall.

Simply stated, refinancing a car loan means getting a new used-car loan to pay off an existing new-car or used-car loan on the same car. Generally, the reason to refinance might be to get a lower monthly payment by getting a lower interest rate and/or extending the term (length) of the loan

WHY REFINANCE?

Generally, the reason to refinance might be to get a lower interest rate and/or extending the term (length) of the loan.

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WHO CAN GET RE-FINANCE?

Who ever own a four Wheeler and have within a time frame of 10 years from registered date to till date .

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