Top 5 Benefits Of Taking A Used Car Loan From Muthoot FinCorp ONE

Top 5 Benefits Of Taking A Used Car Loan.png

Imagine the excitement of getting your very own car, zooming around town with the wind in your hair. But let's face it – cars can be expensive. That is where our Used Car loans come to the rescue. They are like a helping hand, making it possible for you to own a car without emptying your bank or breaking your financial commitments.

In this blog, we will look at the top 5 perks of getting a Used Car loan and tell you how to apply for one on the Muthoot FinCorp ONE app.

Top 5 Benefits Of Getting A Used Car Loan:

  1. Flexible Tenure: Used Car loans come with flexible repayment tenures, allowing you to choose a duration that best suits your financial situation. Whether you prefer a shorter repayment period with higher EMIs or a longer tenure with more manageable monthly payments, you have the flexibility to decide.

  2. Low-Interest Rates: One of the significant advantages of opting for a Used Car loan is the competitive interest rates offered by us. Making it more affordable for individuals looking to finance their car purchase.

  3. Minimal Documentation: Unlike traditional loans that may require a mountain of paperwork, Used Car loans often come with minimal documentation requirements. This means less hassle, as you can get through the application process with ease and speed.

  4. Easy Approval: Used Car loans typically have a straightforward approval process. We understand the urgency of car purchases and strive to provide quick responses to loan applications. This ensures that you can get behind the wheel of your chosen vehicle without unnecessary delays.

  5. Hassle-Free Loans - Quick and Convenient Processing: The entire process of obtaining a Used Car loan is designed to be hassle-free. Quick and convenient processing means you can go through the application steps without feeling overwhelmed. This is especially true when applying through Muthoot FinCorp ONE.

How To Apply For a Used Car Loan on Muthoot FinCorp ONE:

  • Step 1: Download the App: Start by downloading the Muthoot FinCorp ONE app

  • Step 2: Navigate to the Loan Section: Once you are on the Home Page, locate the Used-Car Loan card and click on it. You will be redirected to the Used-Car Loan landing page.

  • Step 3: Submit Loan Amount: On the landing page, find the 'Used Car Loans Made Easy' card. Here, fill in the required loan amount and hit submit.

  • Step 4: Await a Call: After submitting your details, our customer support representatives will give you a call to guide you through the next steps.

Repayment Process Using Muthoot FinCorp ONE:

If you are wondering how to repay your Used Car loan EMIs through the app, follow these steps:

  • Step 1: Log in to the app: Use your registered mobile number to log in to the Muthoot FinCorp ONE app.

  • Step 2: Navigate to Payments: Click on the Payments tab at the bottom of the home screen.

  • Step 3: Select Vehicle Loans: Under the Vehicle Loans section, choose the Two/Four-Wheeler Loans you wish to pay.

  • Step 4: Make Payments: Select the desired payment amount, including EMIs and additional charges, if any. The app also provides options for foreclosure and checking the amortisation schedule.

Used Car loans offer a practical and accessible way for you to finance your car purchases without draining the savings. The flexibility, low-interest rates, minimal documentation, easy approval, and hassle-free processing make these loans an attractive option for those looking to hit the road in their own vehicles.

By leveraging Muthoot FinCorp ONE, the loan application process becomes even more convenient. So, if you are eyeing that perfect Used Car, don't let financial constraints hold you back – explore the world of Used Car loans and drive towards your dreams with confidence.

About Muthoot FinCorp ONE

Muthoot FinCorp ONE is an all-in-one digital financial platform that makes getting an MSME & a Gold Loan, investing in Digital gold & NCDs, making payments & remittances, buying insurance & exchanging forex, simple and convenient.

As an SBU of Muthoot FinCorp Limited, Muthoot FinCorp ONE is backed by a legacy stretching back over 135 years, and the trust of more than 1 crore customers and is building a holistic financial ecosystem using the latest digital products for lending, investing, protection and payments.

Muthoot FinCorp ONE continues to uphold the values of the parent, the Muthoot Pappachan Group (Muthoot Blue) by providing its customers with easily accessible services, replete with unmistakable quality. The Muthoot Pappachan Group is among India’s most reputed names in the financial services industry, with customers in diverse segments like Automotive industry, Financial Services, Hospitality, Alternate Energy, Real Estate, and Precious Metals.

So what are you waiting for? Head to the Play Store and download the Muthoot FinCorp ONE app. You can also visit the website today to know more.

Alternatively, you can also follow us on Facebook, Instagram, Twitter or LinkedIn to stay tuned to our latest offerings.

Chat on Whatsapp | Branch Locator | Email us - | Download App