Bangalore, the electronic city of India is quite densely populated. The city witnesses a lot of traffic hassle especially during peak hours. Although there are number of people who use public mode of transport such as metro, buses, etc. there are other set of people who prefer to drive their own vehicle across the roads of city beautiful. So when it comes to owning a vehicle everyone wants to own one no matter if the vehicle is new or old. It is very much suggested to own a pre-used vehicle in this era specially when the manufacturers are coming up with new and improvised models every year and therefore people tend sell off their not so old cars to avail new luxuries. Bangalore offers you a lot of deals when it comes to buying a pre-owned car – Learn about pre-owned car loans in Bangalore.

Loan Amount: You can easily get finance upto Rs.12 Crores if you wish to purchase a pre-owned car in Bangalore. Depending on your bank you can avail upto 90% finance on your pre-owned vehicle.

Loan Tenure: The loan tenure can be planned upto 84 months as per your convenience. However the sooner you prefer to pay the better it is for you.

Rate of Interest: The rate of interest charged on a pre-owned car loan is around 13.50% p.a. depending on your bank. However if you have a good credit history you can be awarded with pre-owned car loan at affordable rate of interest. That is where having a good relationship with your partner bank will count.

EMI: Having lower EMI is always preferred as lower EMIs easier on anyone’s pocket. If you can afford higher EMIs then it is always wise to clear your debt as soon as possible. Paying higher EMIs will also help you get away with unnecessary rate of interest posed for longer tenure.

Lower Insurance Charge: If you wish to purchase a pre-owned car, one assured benefit is that you end up paying less cost towards insurance of your vehicle as compared to a brand new car.

Lower Registration Charges: Planning a pre-owned car will also help you register your car at lower cost.

It is just a myth that one should only go for a brand new car, if you are buying a pre-owned car from a reliable source you are certain to get benefited in various ways especially as far as the cost is concerned. Letzbank offers a variety of pre-owned car loan deals on its portal, where you can compare and choose the bank of your choice at the tip of your finger and own a car of your own. You can not only find various loan deals but also find various car insurance deals for your pre-owned car. Submit your application online through Letzbank and get your service charged waived off.

Enjoy your ride with Pre-owned Car Loans at Letzbank!

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